Reuters UK Business

By Aby Jose Koilparambil (Reuters) -UK’s Bellway will build a bigger share of homes in its social housing programme this fiscal year, its chief said on Tuesday, after the housebuilder announced a 100 million pound ($123.1 million) share buyback despite a fall in interim profit. A recent uptick in buyer sentiment has not entirely allayed …

UK’s Bellway to buy back shares, hike social housing output Read More »

By Philip Blenkinsop BRUSSELS (Reuters) – The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania. Representatives of the European Parliament and the Council, the grouping of EU countries, reached …

EU agrees on retaliation to counter economic coercion Read More »

By Ron Bousso LONDON (Reuters) – BP and Abu Dhabi’s state oil giant on Tuesday offered to acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2 billion, making their entry into Israel’s growing energy sector. The offer would involve acquiring NewMed’s free floating shares and taking the company private. BP shares …

BP, ADNOC offer to buy 50% of Israel’s NewMed Energy Read More »

By Richa Naidu and Yadarisa Shabong (Reuters) – Diageo on Tuesday appointed Chief Operating Officer (COO) Debra Crew as CEO to replace retiring long-time boss Ivan Menezes, becoming one of only a handful of women to lead a company in Britain’s blue-chip FTSE 100 index. The world’s biggest spirits company, which makes Johnnie Walker whisky, …

Johnnie Walker maker Diageo names Crew as new chief Read More »

MADRID (Reuters) -The European Union has agreed to extend a price cap set on natural gas used for power generation in Spain and Portugal until Dec. 31, Spanish Energy Minister Teresa Ribera said on Tuesday. “This tool allows to keep protecting Spanish and Portuguese consumers until the end of the year,” Ribera told reporters on …

EU agrees to extend Spain-Portugal gas price cap until end-December Read More »

By Joan Faus BARCELONA (Reuters) – Spain plans to launch two tenders simultaneously around July to pick the recipients of 2 billion euros ($2.16 billion) of EU funds for electric vehicle (EV) and battery production it had failed to allocate last year, a senior government official said. Jose Maria Lopez, the commissioner in charge of …

In renewed push, Spain to tender EU funds for EVs, batteries in July Read More »

By Forrest Crellin PARIS (Reuters) – The industrial action against the French government’s pension reforms stretched into its 20th day on Monday, as at least six out of seven refineries in France were shut or functioning at reduced capacity and liquefied natural gas (LNG) terminals were blocked. Production has been shuttered at TotalEnergies’ Gonfreville refinery …

Nearly three weeks of strikes continue to hit French refining Read More »

LONDON (Reuters) -Amazon.com Inc has lost a bid to throw out three sample lawsuits brought by British delivery drivers seeking employment rights including the minimum wage and holiday pay. More than 1,400 drivers who deliver Amazon parcels are suing in a London employment tribunal, arguing they should be classed as employees rather than self-employed contractors. …

Amazon loses bid to throw out case by UK drivers seeking worker rights Read More »

By Ernest Scheyder (Reuters) – Li-Cycle Holdings Corp said on Monday it will build a French facility to break down batteries from forklift manufacturer The Kion Group, marking the latest expansion by the rapidly growing recycling company. The French facility, which is expected to open in 2024 and complement similar sites under development in Germany …

Li-Cycle to build French battery processing facility Read More »