Reuters UK Business Archives - Page 2924 of 3179

European shares edge higher on healthcare lift, weak China data stokes worries

15 Aug 2022 15 Aug 2022

By Sruthi Shankar (Reuters) -European shares hovered near two-month highs on Monday, as signs of a slowing Chinese economy prompted investors to turn to defensive sectors such as healthcare and consumer staples typically seen as immune to business cycles. The pan-European STOXX 600 rose 0.4% in morning trade. The benchmark index was trading close to …

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Exclusive-Inspired Entertainment in bid to buy slot machine maker PlayAGS – sources

15 Aug 2022 15 Aug 2022

By Svea Herbst-Bayliss and Krystal Hu (Reuters) – Gaming equipment provider Inspired Entertainment has made a $370 million offer to acquire slot machine maker PlayAGS Inc, people familiar with the matter said on Friday. Inspired has offered $10 per share in cash to acquire PlayAGS, the sources said. PlayAGS shares had ended trading on Thursday …

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Sterling falls vs dollar as focus turns to UK data

15 Aug 2022 15 Aug 2022

LONDON (Reuters) – The British pound fell on Monday against a broadly stronger dollar at the start of a week where traders and the Bank of England (BoE) will get the latest insight into the strength of the labour market and price pressures. Focus is on jobs data on Tuesday and inflation figures on Wednesday, …

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Rouble falls past 61 vs dollar as conversion of depository receipts begins

15 Aug 2022 15 Aug 2022

(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble slid past 61 to the dollar on Monday as the conversion of depository receipts in Russian companies to local shares got underway and as foreign investors from designated “friendly” countries were able to …

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Luxury group Richemont opposes Bluebell’s bid for board position

15 Aug 2022 15 Aug 2022

By John Revill ZURICH (Reuters) – Richemont on Monday urged shareholders to vote against appointing a representative of activist investor Bluebell Capital Partners to the luxury goods firm’s board, citing his links to rival LVMH Moet Hennessey Louis Vuitton. Chairman Johann Rupert asked shareholders to reject the appointment of Bluebell co-founder Francesco Trapani at the …

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FTSE 100 inches higher as AstraZeneca counters China worries

15 Aug 2022 15 Aug 2022

(Reuters) – UK’s top share index inched higher on Monday, boosted by AstraZeneca and consumer stocks, although mining and oil heavyweights came under pressure after data showed China’s economy unexpectedly slowed last month. The blue-chip FTSE 100 added 0.1% by 0739 GMT, while the midcap FTSE 250 index also inched 0.1% higher. The mood was …

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Britain’s opposition Labour Party demand energy price cap freeze

15 Aug 2022 15 Aug 2022

By Andrew MacAskill LONDON (Reuters) -Britain’s main opposition Labour Party called on Monday for the energy price cap to be frozen this autumn to help the public deal with another expected surge in fuel bills during the worst cost-of-living crisis in decades. Labour leader Keir Starmer said his party, if in power, would cap energy …

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Insurer Phoenix sees upbeat performance on demand, rate hikes

15 Aug 2022 15 Aug 2022

(Reuters) – Phoenix Group on Monday forecast annual cash generation at the top end of its expectations, as robust demand in pension-related policies and higher interest rates helped the insurer post a modestly better-than-expected half-year profit. Insurers across the board have recovered ground since 2021 after being hit by tepid business and pandemic-induced market volatility.. …

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Wind turbine maker Nordex sticks to 2022 sales drop forecast

14 Aug 2022 14 Aug 2022

FRANKFURT (Reuters) – German wind turbine maker Nordex reported a 21% fall in 2022 first half sales on Sunday, citing lower demand for installations, and stuck to a forecast of a drop for the year as a whole. Nordex said the war in Ukraine, the COVID-19 pandemic and ensuing energy and logistics disruptions had led …

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Saudi Arabia’s Kingdom Holding invests in Russian energy companies

14 Aug 2022 14 Aug 2022

(Reuters) – Saudi Arabia’s Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil between Feb. 22 and March 22, it said on Twitter on Sunday. Many Western nations have imposed sanctions on Russian energy firms and their executives following Russia’s invasion of Ukraine on Feb. 24. The Kingdom Holding investments fall within the …

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