Reuters UK Business

By Giulia Segreti, Tim Hepher and Elvira Pollina ROME/PARIS/LONDON (Reuters) -A deal to forge Europe’s answer to Elon Musk’s Starlink was reached on Thursday as the continent’s top space firms agreed to combine their satellite manufacturing and services businesses. Marking the most ambitious tie-up of European aerospace assets since the creation of missiles maker MBDA …

Europe takes aim at Musk’s Starlink with new satellite champion Read More »

(Corrects in paragraph 6 to make clear BLN was purchased as a going concern) By Michael Kahn and Anna Koper PRAGUE/WARSAW (Reuters) -A growing wave of bankruptcies in Germany’s stuttering economy is spurring Czech and Polish businesses to snap up struggling companies across the border to fuel expansion into Europe’s largest market and beyond. The …

Czech, Polish firms snap up German Mittelstand bargains Read More »

By Giuseppe Fonte ROME (Reuters) -Italian Economy Minister Giancarlo Giorgetti will ask the European Financial Services Commissioner for clarification this week over disciplinary steps the EU Commission is set to launch against the government, sources told Reuters. At talks in Rome with the EU’s Maria Luis Albuquerque set for Friday, Giorgetti will raise the issue …

Italy seeks clarity from EU commissioner over golden power proceedings Read More »

By John O’Donnell and Christoph Steitz BERLIN (Reuters) -Germany is seeking an exemption from U.S. sanctions on Russian oil company Rosneft’s German business, a person with direct knowledge of the government discussions said on Thursday, after banks said sanctions could stop them dealing with the local energy supplier. Rosneft’s German business is controlled by German …

Berlin seeks to shield Rosneft’s German arm from US sanctions, says source Read More »

By Pushkala Aripaka and Charlie Conchie (Reuters) -London Stock Exchange Group said on Thursday it would sell 20% of its post-trade services business and surprised investors with a 1 billion pound ($1.34 billion) buyback as it also hinted at a deeper push into private markets data. Shares in LSEG rose by as much as 9% …

LSEG shares soar on trade services stake sale, stock buyback Read More »

By Chris Kirkham (Reuters) -Tesla’s groundbreaking 2017 Model 3 electric sedan, followed by a taller Model Y variant, ushered in the era of mass-market electric cars, made Tesla the world’s most valuable automaker and CEO Elon Musk the world’s richest man. But years later, Tesla’s stalling car business remains almost entirely dependent on that one …

Tesla gambles that introducing new models no longer matters Read More »

(Repeats to additional subscribers. No change to text.) By Yadarisa Shabong and Alexander Marrow (Reuters) -Unilever said it was outpacing competitors “by a mile” in the United States, driven by double-digit sales growth from beauty brands including Dove, K18 and Nutrafol, helping the consumer goods firm top sales forecasts on Thursday. The narrow beat in …

Unilever outpaces rivals ‘by a mile’ in US with beauty push Read More »

By Joel Jose and Akash Sriram (Reuters) -Tesla shares fell 4.4% on Thursday after the Elon Musk-led electric vehicle maker extended its streak of profit misses to a fourth quarter, even as sales hit record highs. Rising costs and declining revenue from highly profitable regulatory credits strained Tesla’s margins, underscoring that even the EV maker …

Tesla shares slide as margin pressures mount despite record sales Read More »

(Reuters) -Britain’s competition watchdog said on Thursday it has launched an investigation into Unite Group’s planned acquisition of peer Empiric Student Property, raising questions about consolidation in the UK student housing market. The Competition and Markets Authority has until December 19 for its initial phase 1 probe decision.  (Reporting by Yadarisa Shabong in Bengaluru; Editing …

UK watchdog starts investigation into Unite Group’s student housing deal Read More »