Reuters UK Business

BRUSSELS (Reuters) – EU antitrust regulators are investigating whether French media conglomerate Vivendi closed its acquisition of French publisher Lagardere deal before securing regulatory approval, the European Commission said on Thursday. “The Commission was made aware of allegations of gun jumping, which have been reported in the press. The Commission can confirm that it is …

EU regulators investigating if Vivendi jumped gun in Lagardere acquisition Read More »

By Nora Buli, Nina Chestney and Christoph Steitz OSLO/LONDON/FRANKFURT (Reuters) – Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They knock out digitalized energy grids. They wreak havoc. It’s the stuff of nightmares for European power chiefs. Henriette Borgund knows attackers can find weaknesses …

Cyberattacks on renewables: Europe power sector’s dread in chaos of war Read More »

By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) – H&M posted slightly weaker-than-expected fiscal second-quarter sales on Thursday, but prospects for a better third quarter after a strong start in June sent shares in the Swedish retailer up by 6%. H&M said sales measured in local currencies for its March-May quarter were “flattish”, compared with …

H&M upbeat on June after chilly weather hits quarterly sales Read More »

By Shreyashi Sanyal (Reuters) -European shares slipped on Thursday amid rising fears of an increase in interest rates by the European Central Bank (ECB) later in the day just after the U.S. Federal Reserve signalled more hikes. The continent-wide STOXX 600 index dipped 0.2% at 0831 GMT. The ECB is seen increasing the deposit rate …

European shares inch lower ahead of ECB meet Read More »

LONDON (Reuters) – The smallest proportion of businesses since at least March last year expect to raise prices next month, a survey of businesses showed on Thursday. The Office for National Statistics showed 17.0% of companies that are currently trading expected to raise prices in the coming month, down from 17.7% in the previous month. …

Fewer UK firms expect to raise prices in month ahead – ONS Read More »

By Anna Wlodarczak-Semczuk WARSAW (Reuters) -The European Union’s top court on Thursday backed Polish borrowers with Swiss franc-denominated mortgages in a long-running case that the country’s regulator has warned could cost the country’s banks 100 billion zlotys ($24.31 billion). Hundreds of thousands of Poles took out mortgages in foreign currencies, mainly in Swiss francs, attracted …

EU top court backs consumers in Polish FX mortgage case Read More »

AMSTERDAM (Reuters) – Uber said on Thursday it will shut its food delivery business in Italy and exit Israel, where it has not built sufficient market share. The moves were “in line with our efforts to focus on markets where we have opportunities for sustainable growth”, a company spokesperson said. CEO Dara Khosrowshahi has said …

Uber to cease food delivery in Italy, exit Israel Read More »

By Nell Mackenzie and Farouq Suleiman LONDON (Reuters) -Odey Asset Management is in “advanced discussions” to move funds and staff to other asset managers, it told investors in a letter, after imposing exit curbs on key funds in the wake of sexual misconduct allegations against its founder, Crispin Odey. Several major global banks which provided …

Odey Asset Management in advanced talks to move funds, staff to rivals Read More »

By Marwa Rashad LONDON (Reuters) -Britain’s National Grid said on Thursday it expects to have sufficient available capacity to meet demand for electricity this winter, and will keep exploring additional availability amid continued risks following Russia’s invasion of Ukraine. Despite the disruption of flows of gas from Russia because of the war in Ukraine, Europe …

Britain’s National Grid expects to meet electricity demand this winter Read More »

PARIS (Reuters) – French power company Engie said on Thursday it is launching a new brand called Vianeo which will form part of its push into the potentially fast-growing sector of building charging points for electric cars. Engie said the Vianeo brand would be rolled out to an initial 1,000 charging points already in operation …

French power company Engie launches new electric car charger brand Read More »