Reuters UK Business

(Reuters) – British greeting cards retailer Card Factory forecast annual core earnings ahead of market expectations on Tuesday as people rushed to its high-street stores to buy Christmas cards amid strikes at Royal Mail, which hurt online sales. The company expects full-year core earnings to be at least 106 million pounds ($128.8 million), compared with …

UK’s Card Factory sees annual profit ahead of market expectations Read More »

By James Davey LONDON (Reuters) – Weak confidence around personal finances and a squeeze on disposable income will hold back growth in food retail sales to around 5% in 2023, according to market researcher NielsenIQ. In November, the Bank of England forecast Britain was heading into a long recession, with inflation, running at 10.7%, not …

UK recession to limit 2023 growth in food retail sales to 5% – NielsenIQ Read More »

BUDAPEST (Reuters) -Hungary’s government has declared local IT firm 4iG’s purchase of a 51% stake in Vodafone’s Hungarian unit a transaction of national strategic interest, exempting the deal from competition scrutiny, according to a decree published late on Monday. British telecom group Vodafone said on Monday it had agreed to the sale of its Hungarian …

Hungary exempts sale of local Vodafone unit from competition scrutiny Read More »

(Reuters) – British industrial firm Morgan Advanced Materials Plc said on Tuesday it was assessing a cyber security incident after detecting unauthorised activity on its network. The company, which makes a wide range of heat-resistant and other industrial materials, said it had launched an investigation and was taking steps to ensure that its businesses could …

UK’s Morgan Advanced Materials reports cyber security incident on its network Read More »

PARIS (Reuters) – French carmaker Renault said on Tuesday that it had signed a cooperation agreement with propulsion systems and electronics developper PUNCH Torino on the Renault 4-cylinder diesel engines for light commercial vehicles. Under the terms of the agreement, PUNCH Torino will be able to purchase, use and sell the current and future Renault …

Renault and Punch Torino join forces on low-emission diesel engines Read More »

(Reuters) – Apple Inc plans to drop a Broadcom Inc chip used in its devices in 2025 and use an in-house design instead, Bloomberg News reported on Monday, according to people familiar with the matter. The iPhone-maker is also swapping out Qualcomm Inc for homegrown modems, according to the report. Apple, Broadcom and Qualcomm did …

Apple to drop key Broadcom chip in 2025 for in-house design – Bloomberg News Read More »

(Reuters) – English Premier League clubs Manchester United Plc, Tottenham Hotspur, or Liverpool FC are being targeted by Qatar Sports Investments over a potential acquisition, Bloomberg News reported on Monday.Nasser Al-Khelaifi, chairman of Qatar Sports Investments, recently held talks with Tottenham Hotspur chairman Daniel Levy over a possible purchase of a stake in the club, …

Man United, Tottenham, Liverpool takeover targets for Qatar fund – Bloomberg News Read More »

By Andrew MacAskill and David Milliken LONDON (Reuters) – Britain announced plans on Monday to scale back energy subsidies for businesses for the next financial year by about 85% to 5.5 billion pounds ($6.7 billion), after the government described the current level of support as “unsustainably expensive”. The current six-month programme of energy support that …

UK slashes energy subsidies for businesses in 2023/24 Read More »

(Reuters) – Apple Inc’s vice president of services, Peter Stern, has informed colleagues that he is leaving the company, the Insider reported on Monday, citing a source close to the executive. Stern, who joined the iPhone maker from Time Warner Cable in 2016, will leave at the end of the month, according to the report. …

Apple’s VP services Stern to depart – Insider Read More »