Reuters UK Business Archives - Page 2483 of 3179

Russia says US hacked thousands of Apple phones in spy plot

1 Jun 2023 1 Jun 2023

By Guy Faulconbridge MOSCOW (Reuters) – Russia’s Federal Security Service (FSB) said on Thursday it had uncovered an American espionage operation that compromised thousands of iPhones using sophisticated surveillance software. Moscow-based Kaspersky Lab said dozens of its employees’ devices were compromised in the operation. The FSB, the main successor to the Soviet-era KGB, said in …

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Apple denies surveillance claims made by Russia’s FSB

1 Jun 2023 1 Jun 2023

(Reuters) – Apple Inc is denying claims made by Russia’s Federal Security Service (FSB) that it cooperated with American spies to surveil Russian iPhone users. In a statement, the company said it has “never worked with any government to insert a backdoor into any apple product and never will.” (Reporting by Raphael Satter; Editing by …

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Unicaja to start search for new CEO in revamp

1 Jun 2023 1 Jun 2023

MADRID (Reuters) – Spain’s Unicaja on Thursday it would immediately start searching for a new chief executive to replace Manuel Menendez as part of the bank’s plan to revamp its corporate governance structure. Menendez will step down once a new CEO has been named, the bank said. The lender’s board unanimously voted for the decision …

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UK factory output contracts again in May: PMI

1 Jun 2023 1 Jun 2023

By Suban Abdulla LONDON (Reuters) – Britain’s manufacturing output fell for a third month in a row in May and new orders declined at the fastest pace in four, but there were signs that the worst of the inflation surge may have passed, an industry survey showed on Thursday. The final reading of the S&P …

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UK water utility Pennon’s profit dries up as extreme weather takes toll

1 Jun 2023 1 Jun 2023

(Reuters) -British water utility Pennon Group’s annual profit plummeted 88%, the company said on Thursday, squeezed by the driest summer in decades, extreme rainfall and harsh cold winter at a time when it grapples with high costs. The results come as the British water industry faces scrutiny from lawmakers, regulators and public over under-investments in …

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UK lenders approve fewer mortgages in sign of new housing slowdown

1 Jun 2023 1 Jun 2023

By William Schomberg LONDON (Reuters) – British lenders approved fewer loans for house purchases in April than in March and the value of new mortgage lending also dropped, according to Bank of England data that added to signs of a fresh slowdown in the housing market. Lenders gave the green light to 48,690 new mortgages …

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Airbus seen delivering at least 60 jets in May -sources

1 Jun 2023 1 Jun 2023

PARIS (Reuters) – Airbus deliveries for May appear on course to reach at least 60 aircraft, subject to the final tally of a busy close to the month and a routine audit, industry sources said. That represents an increase of some 30% from the same month last year and would bring deliveries so far this …

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Russia fines WhatsApp for first time for not deleting banned content

1 Jun 2023 1 Jun 2023

MOSCOW (Reuters) – A Russian court on Thursday fined messenger service WhatsApp 3 million roubles ($37,080) for not deleting banned content, its first fine in Russia for that offence. Although WhatsApp’s parent company Meta Platforms Inc was last year banned in Russia as an “extremist” organisation, the messenger app – which is widely popular in …

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Once-high-flying retailer ASOS falls after FTSE 250 relegation

1 Jun 2023 1 Jun 2023

LONDON (Reuters) – ASOS, the British online fashion pioneer valued at more than 7 billion pounds ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, illustrating the sharp decline in its fortunes. It shares fell 3% to a 12-year low of 333 pence in early deals …

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Euro zone inflation drops more than expected in relief for ECB

1 Jun 2023 1 Jun 2023

By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation eased more than expected last month as underlying price growth also slowed, backing arguments for only cautious further rate hikes as the fastest ever European Central Bank monetary tightening cycle starts to take effect. Inflation in the 20 nations sharing the euro eased to 6.1% in …

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