Reuters UK Business

German probe clears firms of abuse in 2024 power price surges

21 Oct 2025

By Vera Eckert FRANKFURT (Reuters) -German authorities said on Tuesday that an investigation into sharp power price spikes during periods of low renewable output in late 2024 found no evidence of market manipulation by major electricity producers. The probe followed allegations that some utilities may have withheld supply during so-called Dunkelflaute events — stretches of …

German probe clears firms of abuse in 2024 power price surges Read More »

Shawbrook sees strong demand for London IPO seeking up to $2.7 billion market cap

21 Oct 2025

(Reuters) -Shawbrook’s London IPO, targeting a valuation of up to 2 billion pounds ($2.68 billion), is covered within the price range on the full deal size including the over-allotment option, a bookrunner said on Tuesday, signalling solid investor appetite for the lender’s listing. Shawbrook is seeking a market capitalisation of between about 1.8 billion pounds and …

Shawbrook sees strong demand for London IPO seeking up to $2.7 billion market cap Read More »

ECB’s Lane flags dollar risk for banks amid tariff turmoil

21 Oct 2025

FRANKFURT (Reuters) -Euro zone banks may come under pressure if U.S. dollar funding – the lifeblood of financial markets – were to dry up, the European Central Bank’s chief economist Philip Lane said on Tuesday amid concern over U.S. President Donald Trump’s policies. Dollar funding fears have been at the back of central bankers’ minds …

ECB’s Lane flags dollar risk for banks amid tariff turmoil Read More »

Husqvarna profit hit by weak demand, tariffs; shares down

21 Oct 2025

By Jesus Calero (Reuters) -Swedish garden equipment maker Husqvarna reported third-quarter earnings that missed expectations on Tuesday, as uneven demand and tariffs weighed on sales, sending its shares down 10% in early trading. Husqvarna’s earnings before interest and tax (EBIT) rose to 141 million Swedish crowns ($14.98 million) in the quarter, up from 52 million …

Husqvarna profit hit by weak demand, tariffs; shares down Read More »

Getinge tops profit estimates even as it absorbs chunk of tariff costs

21 Oct 2025

By Marta Frackowiak (Reuters) -Swedish medical equipment maker Getinge beat quarterly earnings expectations on Tuesday, aided by price hikes and cost saving measures meant to combat a hit from U.S. tariffs and negative currency exchange effects. Shares in the company, which made 45% of its third-quarter sales in the Americas, rose around 3% by 0804 …

Getinge tops profit estimates even as it absorbs chunk of tariff costs Read More »

Very important that Sweden returns to fiscal discipline, central bank chief says

21 Oct 2025

(Corrects date for balanced finances in paragraphs 3 and 6) STOCKHOLM (Reuters) -It is important that Sweden quickly returns to budget discipline and meets the requirements of its fiscal framework, central bank Governor Erik Thedeen said on Monday. “It is extremely important that we return to the fiscal framework,” Thedeen said in a speech. Sweden’s …

Very important that Sweden returns to fiscal discipline, central bank chief says Read More »

Biotech firm Galapagos to wind down cell therapy business

21 Oct 2025

AMSTERDAM (Reuters) -Biotechnology firm Galapagos said on Tuesday it would wind down its cell therapy business after attempts to sell it were unsuccessful, affecting 365 jobs in Europe, China and the U.S. The Amsterdam-listed company said it had received several non-binding offers since it began mulling options for its cell therapy business in May, but …

Biotech firm Galapagos to wind down cell therapy business Read More »

Spain’s power plants are burning more gas since blackout, sending gas demand up

21 Oct 2025

MADRID (Reuters) -Spain keeps burning more gas to produce electricity and help keep its power grids stable after a major blackout on April 28, gas grid operator Enagas said on Tuesday, boosting the country’s overall gas demand. Conventional power plants like gas-fired combined cycle plants provide more stability to the grid’s voltage than renewable sources …

Spain’s power plants are burning more gas since blackout, sending gas demand up Read More »

UK borrowing overshoot keeps the heat on Reeves as budget looms

21 Oct 2025

By William Schomberg LONDON (Reuters) -Britain’s borrowing in the first half of the financial year was the highest on record except during the height of the coronavirus pandemic, keeping up the pressure on finance minister Rachel Reeves as she prepares next month’s key budget. The overshoot in the April to September period ran above official …

UK borrowing overshoot keeps the heat on Reeves as budget looms Read More »

UK’s Bunzl maintains annual outlook after quarterly sales climb

21 Oct 2025

(Reuters) -British business supplies distributor Bunzl maintained its annual outlook on Tuesday after posting a rise in third-quarter sales and a moderation in margin declines compared with the first half, following moves to address market pressures. (Reporting by Nithyashree R B in Bengaluru; Editing by Sherry Jacob-Phillips)

Close Bitnami banner
Bitnami