Reuters UK Business Archives - Page 276 of 3179

Ray-Ban maker shares hits all-time high as investors bet on Meta AI glasses boom

17 Oct 2025 17 Oct 2025

By Gianluca Lo Nostro and Elisa Anzolin (Reuters) -Shares in Ray-Ban maker EssilorLuxottica rose 14% to hit an all-time high on Friday, adding nearly $20 billion in market value as investor enthusiasm for its AI-powered Ray-Ban Meta glasses gathered momentum. The Paris-listed group, founded by late Italian entrepreneur Leonardo Del Vecchio and a possible contender …

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Greece hopes for more cross-border mergers and acquisitions, finance minister says

17 Oct 2025 17 Oct 2025

By Karin Strohecker WASHINGTON (Reuters) -Europe needs a mindset shift to ensure more cross-border mergers and acquisitions and Greece hopes it can be at the center of some of them, the country’s finance minister said, singling out infrastructure as a possible target sector. Speaking on the sidelines of the International Monetary Fund and World Bank …

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Porsche brings back SUV boss Leiters to assume ‘poisoned chalice’

17 Oct 2025 17 Oct 2025

By Rachel More and Nick Carey BERLIN (Reuters) -Porsche’s decision to bring in ex-McLaren boss Michael Leiters to revive the luxury German carmaker was welcomed by investors, although they have no illusions about the challenge he faces. Leiters will take over from CEO Oliver Blume from the start of 2026 as the carmaker struggles with …

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Bank of England’s Greene sees no further case for quarterly rate cuts

17 Oct 2025 17 Oct 2025

WASHINGTON (Reuters) -Bank of England Monetary Policy Committee member Megan Greene said on Friday that she did not see a case for the BoE to continue its current quarterly pace of rate cuts but did not think the rate-cutting cycle was over. Greene, speaking at an event hosted by the Atlantic Council think tank in …

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Swiss minister speaks to Bessent in U.S., gives no sign of progress on tariffs

17 Oct 2025 17 Oct 2025

ZURICH (Reuters) -Swiss Economy Minister Guy Parmelin said on Friday he had spoken briefly to U.S. Treasury Secretary Scott Bessent about the United States’ 39% tariffs on Switzerland, but he gave no indication of progress on reducing the levies. Speaking to Swiss television, Parmelin said that contact between the Swiss and U.S. governments was ongoing …

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Canaccord confirms strategic review of British wealth unit, says no deal assured

17 Oct 2025 17 Oct 2025

(Reuters) -Canaccord Genuity said on Friday it is evaluating options for its British wealth management business and had met with potential counterparties. The statement followed a Reuters report on Thursday that the Canadian financial services group had approached potential buyers for the unit, including CVC and Advent. The company cautioned that the review does not …

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Porsche tasks former McLaren boss Leiters with leading revival

17 Oct 2025 17 Oct 2025

By Rachel More BERLIN (Reuters) -Porsche lined up ex-McLaren boss Michael Leiters as its new CEO on Friday, in a bid to revive the German luxury sports car maker’s fortunes and end a dual role for Oliver Blume that had rankled with some investors. Blume, who took the wheel at Porsche a decade ago, has …

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BBVA chairman to stay on as Sabadell welcomes bid failure

17 Oct 2025 17 Oct 2025

By Jesús Aguado MADRID (Reuters) -BBVA Chairman Carlos Torres will not resign after the collapse of the Spanish bank’s 18-month campaign to take over smaller rival Sabadell via a hostile bid. BBVA sought the backing from owners of more than 50% of Sabadell voting rights, but shareholders tendered just 25.47%, dealing a blow for Torres, …

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European stocks fall as US bank jitters spark flight to safety

17 Oct 2025 17 Oct 2025

By Sruthi Shankar and Pranav Kashyap (Reuters) -European shares fell on Friday, as signs of credit stress at U.S. regional lenders unnerved investors and drove them into safe-haven assets. The continent-wide STOXX 600 index closed nearly 1% lower, but still logged a modest weekly gain of 0.4%. European banks were down 2.5%, with Deutsche Bank, …

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Italy to raise by 50% ‘flat’ tax on ultra rich to 300,000 euros, officials say

17 Oct 2025 17 Oct 2025

By Giuseppe Fonte ROME (Reuters) -Italy plans to raise by 50% the rate of a “flat” tax designed to attract wealthy individuals, as part of measures to fund its 2026-2028 budget plan, two officials close to the matter told Reuters. The government intends to increase the annual levy to 300,000 euros from 200,000 euros on …

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