Reuters UK Business

By Rashika Singh (Reuters) -Intel shares surged as much as 7.8% in early trading on Friday, hitting an 18-month high, as investors rallied behind CEO Lip-Bu Tan’s aggressive cost-cutting measures that helped the chipmaker surpass quarterly profit estimates and regain stability amid a flurry of high-stakes bets on future growth. The results mark a turning …

Intel shares jump as investments, cost cuts catapult turnaround efforts Read More »

By William Schomberg and David Milliken LONDON (Reuters) -British businesses might be at a turning point and consumers unexpectedly increased their spending last month, data showed on Friday, adding to other better news for finance minister Rachel Reeves ahead of next month’s budget. A gauge of the country’s services and manufacturing sectors has sped up …

UK economy shows signs of resilience ahead of expected tax-hike budget Read More »

By Leo Marchandon and Jerome Terroy (Reuters) -Signify, the world’s biggest lights maker, reported a steeper than expected 8.4% drop in third-quarter sales and lowered its full-year guidance on Friday, hit by falling demand from commercial and public sector clients in the United States. It now expects sales to fall between 2.5% and 3% in …

Signify dims sales forecast as soft US demand hits professional lighting unit Read More »

By Benoit Van Overstraeten and Alessandro Parodi BRUSSELS (Reuters) -U.S. tech giant Meta and Chinese-owned social media app TikTok breached their legal obligation to grant researchers adequate access to public data, the European Commission said in preliminary findings of an investigation released on Friday. The European Union has cracked down on Big Tech using the …

EU finds Meta, TikTok in breach of transparency obligations Read More »

MOSCOW (Reuters) -Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its interest rate by 50 basis points to 16.5%. Nabiullina and Zabotkin spoke in Russian. The quotes below were translated into English by Reuters. NABIULLINA ON THE OPTIONS FOR FRIDAY’S RATE …

Russia’s Nabiullina and her deputy on future rate decisions, oil prices, impact of sanctions Read More »

By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -The Russian central bank cut its interest rate by 50 basis points to 16.5% at a board meeting on Friday, its first since the government proposed raising VAT in 2026 and U.S. President Donald Trump imposed sanctions on Russian oil companies. The decision was in line with …

Russian central bank cuts key rate by ‘symbolic’ 50 bps after new US oil sanctions Read More »

By Lawrence White LONDON (Reuters) -NatWest reported a 30% rise in third-quarter profit on Friday and upgraded its performance target for 2025, as it grew loans and assets in its wealth business and avoided hefty charges for mis-selling car finance that hurt rivals. The upgrade helped to send NatWest shares to their highest level since …

NatWest profit jumps as it upgrades 2025 guidance on loan growth Read More »