Reuters UK Business

By Tiyashi Datta (Reuters) -Netflix Inc shares fell 5% on Friday after Goldman Sachs downgraded the streaming pioneer over risks of slower consumer spending and tough competition from Amazon and Walt Disney Co. In April, Netflix lost subscribers for the first time in more than a decade, signaling trouble ahead for the industry as rising …

Netflix shares slide as Goldman downgrades on grim economic picture Read More »

PARIS (Reuters) – Remy Cointreau, the French spirits group controlled by the Heriard Dubreuil family, said on Friday it planned to appoint Marie-Amelie de Leusse to chair its board of directors as part of a generational handover between family members. If shareholders approve the proposal at the annual meeting on July 21, de Leusse, 44, …

Remy Cointreau plans to name family member de Leusse to chair board Read More »

(Reuters) – Britain’s competition watchdog said it was planning to investigate the market dominance of Apple Inc and Google’s mobile browsers as well as the iphone maker’s restrictions on cloud gaming through its app store. The Competition and Markets Authority said it was also taking enforcement action against Alphabet Inc’s Google over its app store …

UK plans to probe Apple, Google’s mobile browser dominance Read More »

LONDON (Reuters) – British prompt gas prices fell on Friday morning as an outage on the interconnector between Britain and Belgium left Britain struggling to deal with an oversupplied market. The British gas contract for within-day delivery fell by 7 pence to 17.00 p/therm by 0843 GMT having earlier touched 5p/therm. “(The) Unplanned IUK technical …

British within-day price falls on over supply, interconnector outage Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) – Shares of Ericsson fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S. Securities and Exchange Commission (SEC) starting a separate investigation into the company’s handling of misconduct in Iraq. U.S. agencies investigated the company earlier, with the result that Ericsson had …

Ericsson shares fall on worries of bigger fine as U.S. SEC starts probe Read More »

(Reuters) – Sunday marks a new dawn for Russia’s fast-food lovers as former McDonald’s Corp restaurants reopen under new branding and ownership, more than three decades after the arrival of the hugely popular Western fast food chain. The relaunch will begin on Russia Day, a patriotic holiday celebrating the country’s independence, at the same flagship …

Goodbye Golden Arches: rebranded McDonald’s to reopen in Russia Read More »

LONDON (Reuters) – A think-tank has estimated that British taxpayers are facing an 11-billion-pound ($13.7 billion) hit after finance minister Rishi Sunak failed to heed its advice on how to manage the public finances against the cost of rising interest rates. Last year, the National Institute of Economic and Social Research (NIESR) warned of the …

UK think-tank says Sunak has cost taxpayers 11 billion pounds on rate hit Read More »

(Reuters) – Spanish national consumer prices rose 8.7% year-on-year in May, according to data released by the National Statistics Institute on Friday, compared to 8.3% in April, and a Reuters poll forecast of 8.7%. Core inflation, which strips out volatile food and energy prices, was at 4.9% year-on-year, up from 4.4% a month earlier, the …

Spain May final CPI 8.7% y/y vs 8.3% in April Read More »

By Gavin Jones ROME, June 10 (Reuters) – Italian industrial output was much stronger than expected in April, rising 1.6% from the month before after a 0.2% gain in March and boosting growth prospects for the second quarter, data showed on Friday. A Reuters survey of 14 analysts had pointed to a 1.1% drop in …

Italy industry output jumps unexpectedly in April, getting Q2 off to strong start Read More »