Reuters UK Business Archives - Page 2992 of 3179

Hungary targets deal on EU development funds by autumn – minister

30 Jun 2022 30 Jun 2022

BUDAPEST (Reuters) – Hungary expects to sign an agreement with the European Union by the autumn over 22 billion euros ($23 billion) of development funds under the bloc’s 2021-2027 budget, the country’s economic development minister Marton Nagy said on Thursday. Agreement over the funds has been delayed by Prime Minister Viktor Orban’s many battles with …

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Nikola pushes shareholder meeting, seeks investor approval to increase shares

30 Jun 2022 30 Jun 2022

(Reuters) -Nikola Corp on Thursday adjourned its shareholder meeting for the second time this month, moving it to July 18 to allow more time to get shareholder approval to raise the number of shares outstanding in the electric vehicle maker. The meeting was first adjourned on June 1 after the Chairman Stephen Girsky urged voters …

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Moscow mall opens for Russian business after big brand exodus

30 Jun 2022 30 Jun 2022

MOSCOW (Reuters) – Western fashion brands are conspicuous by their absence at a gleaming new shopping centre on the outskirts of Moscow – and customers say they scarcely miss them. Following Moscow’s decision to send thousands of troops into Ukraine at the end of February, international fashion brands from Adidas to Zara have paused operations …

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FTSE 100 posts first quarterly drop since September 2020

30 Jun 2022 30 Jun 2022

By Devik Jain (Reuters) -London’s FTSE 100 fell on Thursday and recorded its first quarterly drop since September 2020, as concerns grew that prolonged inflationary pressures would force central banks to act aggressively, leading to a global economic downturn. The blue-chip index dropped 2.0% and posted its biggest monthly decline since March 2020. Still, its …

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Pound gains, but focus stays on struggling UK economy

30 Jun 2022 30 Jun 2022

By Lucy Raitano (Reuters) -The British pound rose against the dollar and euro on Thursday, as investors shrugged off official data revealing a record shortfall in the United Kingdom’s current account deficit in early 2022. Despite the bounce, the pound has rounded off its biggest six-month drop since 2016 in the first half of 2022, …

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UK tells airports and airlines to avoid summer disruption

30 Jun 2022 30 Jun 2022

LONDON (Reuters) – Britain told airlines it was up to them to avoid a repeat of recent chaotic scenes at airports during the upcoming summer holiday season, publishing a 22-point plan on Thursday on what it was doing to support the industry. “It’s now on airports and airlines to commit to running the flights they’ve …

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Gazprom cancels dividend for first time since 1998, shares dive

30 Jun 2022 30 Jun 2022

MOSCOW (Reuters) – Russian gas giant Gazprom has decided not to pay dividends on last year’s results, the first time it will not pay out since 1998, sending its shares plunging 27%. “The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results,” Deputy CEO Famil …

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Euro zone unemployment falls to new record low of 6.6% in May

30 Jun 2022 30 Jun 2022

BRUSSELS (Reuters) – Euro zone unemployment fell to a new record low in May as the economy continued to rebound from the COVID-19 pandemic, even if inflation exacerbated by Russia’s invasion of Ukraine is expected to dampen growth. The European Union’s statistics office Eurostat said on Thursday that unemployment in the 19 countries sharing the …

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Motor racing-Fashion Brand Hugo Boss returns to F1 with Aston Martin

30 Jun 2022 30 Jun 2022

By Alan Baldwin LONDON (Reuters) – German fashion brand Hugo Boss announced on Thursday it was returning to Formula One with the Aston Martin team, five years after leaving for the electric Formula E series. The deal, announced at the British Grand Prix on Thursday and initially running until 2025, will see Boss branding on …

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Britain says new finance law will ‘reset’ sector

30 Jun 2022 30 Jun 2022

LONDON (Reuters) -Britain’s forthcoming draft financial services law will reset the sector after Brexit and sharpen its competitive advantage, UK financial services minister John Glen said on Thursday. Britain’s 260 billion pound ($317 billion) financial services sector was largely cut off from the European Union after Brexit, leaving the government under pressure to boost London’s …

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