Reuters UK Business

By John Revill ZURICH (Reuters) -Holcim’s CEO said on Monday more big acquisitions are possible in “the next few months” after the cement maker announced it was buying German walling systems maker Xella for 1.85 billion euros ($2.16 billion). The acquisition will help Holcim tap the growing European refurbishment market, it said, worth around 250 …

Holcim flags further acquisitions after buying walling specialist Xella Read More »

By Alvise Armellini and Giuseppe Fonte ROME (Reuters) -Italy’s government is planning to end a tax break on short-term rentals as part of measures contained in its 2026-2028 budget law, a draft showed on Monday. Short-term rentals are widespread in a tourist hotspot such as Italy, but they are also politically sensitive against a backdrop …

Italy acts to end tax break on short-term rental accommodation Read More »

(Reuters) -Britain’s competition watchdog said on Monday the proposed $3.7 billion merger between U.S.-based Getty Images and rival Shutterstock could substantially harm competition in editorial and stock photography markets. The deal between two of the world’s largest photo licensing platforms could lead to higher prices, worsened commercial terms and reduced service quality for UK media …

UK regulator warns Getty-Shutterstock $3.7 billion merger may harm competition Read More »

(Corrects paragraph 10 to clarify reason for Slovakia blocking previous sanctions package) BRUSSELS (Reuters) -EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said. The ministers approved the plans, which would phase out new Russian gas …

EU agrees to gradually end Russian gas imports by January 1, 2028 Read More »

By Mathias de Rozario (Reuters) -Car parts supplier Forvia’s sales fell nearly 4% in the third quarter, dragged by negative currency exchange conditions and lower car production at its two main clients in China, the French group said on Monday. Shares of Forvia, which makes car parts from lights and electronics to seating solutions, fell …

Forvia sales hurt by slower production at key China clients, exchange rates Read More »

By Raechel Thankam Job (Reuters) -B&M’s shares fell to a nine-year low on Monday after the UK discount retailer cut its profit forecast, saying it had not properly accounted for 7 million pounds ($9.40 million) in overseas freight costs. Shares in B&M, which have lost 62% of their value from a January 2022 peak, were …

UK’s B&M stock slides as cuts profit forecast over accounting error Read More »