Reuters UK Business

By Huw Jones and Elizabeth Howcroft LONDON (Reuters) – Britain should create a new category of private property law for digital assets like cryptocurrencies which are being used to make payments or represent other assets, independent body the Law Commission proposed on Thursday. Authorities around the world are taking steps to regulate the crypto asset …

Crypto assets need new rights in law, UK legal body says Read More »

By Kate Holton LONDON (Reuters) -British commercial broadcaster ITV expects its soon-to-launch free streaming platform ITVX to resonate with viewers at a time when deteriorating economic conditions have forced many to cancel subscriptions with the likes of Netflix. ITV alarmed investors in March when it announced the arrival of ITVX, a major expansion of its …

ITV expects new free streaming platform to appeal in tough times Read More »

By Mathieu Rosemain PARIS (Reuters) -Shares in Orange SA, France’s biggest telecom firm, fell on Thursday as investors worried about a plunge in first-half profits at its enterprise and IT services division. The stock was down more than 3% at 0751 GMT, the third-worst performer on France’s blue chip index, despite the group reporting second-quarter …

Orange shares spooked by drop in enterprise earnings Read More »

By Olivier Cherfan and Alizee Degorce (Reuters) -Shopping mall owner Unibail-Rodamco-Westfield raised its adjusted recurring earnings per share (AREPS) guidance on Thursday for 2022 after first-half tenant sales in continental Europe recovered to pre-COVID levels sooner than expected. The shares of the group, which counts Forum des Halles in Paris and Madrid’s La Vaguada among …

Westfield-owner Unibail raises forecast on strong leasing demand, shares rise Read More »

By Benjamin Mallet and Silvia Aloisi PARIS (Reuters) -French power company EDF , which is being nationalised, issued its fourth profit warning of the year on Thursday as it fell to a loss in the first half on lower nuclear output. Half its 56 nuclear reactors are currently offline due to planned maintenance and work …

EDF issues fourth profit warning as nuclear output drops Read More »

By Carolyn Cohn LONDON (Reuters) -It is too early to call an end to financial market falls driven by the Ukraine war, the chief executive of Schroders said on Thursday, as the British fund manager’s shares hit six-week highs on an uptick in assets under management. Asset managers have been suffering from a drop in …

Too early to call market turn, Schroders CEO says Read More »

By Katie Paul and Nivedita Balu (Reuters) -Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with a global recession looming and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 2.4% in extended trading. The company …

Meta posts first-ever revenue drop as inflation throttles ad sales Read More »

By Joseph White and Paul Lienert DETROIT (Reuters) -Ford Motor Co on Wednesday reported better than expected second-quarter net income and reaffirmed its profit outlook for the year, but said management is “actively looking” at how to offset surging costs. Ford shares were up 4.8% in after-hours trade. Results were driven by higher-margin vehicles, partially …

Upbeat Ford affirms full-year profit despite surging costs Read More »

(Reuters) -Volkswagen is looking to sell its car assembly plant in the Russian city of Kaluga and a Kazakh auto maker could be a potential purchaser, Russia’s Vedemosti newspaper reported on Wednesday. Vedemosti, citing an unnamed source familiar with the company’s intentions, said Volkswagen would finalize its plans for the facility by the end of …

Volkswagen seeks purchaser for Russian auto-making plant -newspaper Read More »