Reuters UK Business

(Reuters) -London stocks closed higher on Monday, led by miners, after U.S. President Donald Trump softened his rhetoric on trade tensions with China, worries about which had sparked a sharp selloff on Friday. The blue-chip FTSE 100 gained 0.16%, having dropped 0.9% in the previous session after Trump threatened 100% tariffs on Chinese imports, reigniting …

UK stocks climb as Trump eases tone on China tariff; gold miners shine Read More »

(Reuters News) -Beyond Meat shares tumbled as much as 58% on Monday after the plant-based meat maker announced an early settlement of an exchange offer with its bondholders through the issue of fresh shares and notes to manage its debt. Once a Wall Street darling, the company has in recent years struggled with changing consumer …

Beyond Meat slumps as shareholders agonize over debt exchange offer Read More »

By Giulio Piovaccari MILAN (Reuters) -Stellantis is set to delay the unveiling of its new strategic plan to the second quarter of next year to give CEO Antonio Filosa more time to address major uncertainties in the carmaker’s key markets. The decision, which Stellantis flagged in an analyst call on Friday, underscores the challenges facing …

Stellantis delays strategic plan as CEO faces US, EU regulatory hurdles Read More »

(Reuters) -British autonomous driving technology group Wayve is in talks with Microsoft and SoftBank to raise up to $2 billion in funding, which could value the firm at about $8 billion, the Financial Times reported on Monday, citing sources. This comes after Nvidia had signed a letter of intent in September for a potential $500 …

Microsoft, SoftBank in talks for $2 billion investment in UK’s Wayve, FT reports Read More »

By Jason Hovet and Paul Sandle (Reuters) -European lottery group Allwyn International and Greek gaming firm OPAP will merge in an all-share deal valuing the new company at 16 billion euros ($18.56 billion), they said on Monday, creating one of the world’s biggest lottery operators. Privately owned Allwyn has been expanding rapidly in recent years, …

Czech billionaire’s Allwyn and OPAP create $18.6 billion lottery powerhouse Read More »

By Tim Hepher PARIS (Reuters) -Airbus has seen a marked improvement in confidence and performance from its suppliers, all of whom are ready to support the company’s target of increasing deliveries by 7% to some 820 jets this year, a senior company official said on Monday. The European planemaker is also on its way towards …

Airbus sees supply progress, Spirit deal to close in fourth quarter Read More »

By Maggie Fick LONDON (Reuters) -AstraZeneca CEO Pascal Soriot looked relaxed standing in the Oval Office on Friday as U.S. President Donald Trump unveiled a medicine deal that will lower drug prices for millions of Americans. The hard work had paid off, allowing Soriot to clinch the first agreement for a non-U.S. drugmaker and shield …

Banquets and billions: How AstraZeneca sealed a US medicine deal with Trump Read More »

By Sam Tobin LONDON (Reuters) -Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with the law”, lawyers for over 1.6 million claimants told London’s High Court on Monday, at the start of a huge trial. A decade on from Volkswagen’s ‘dieselgate’ scandal, which cost the German …

Carmakers accused in huge UK lawsuits of cheating diesel emissions tests Read More »

BELGRADE (Reuters) -Serbia will do everything it can to protect its interests in the face of U.S. sanctions against Serbia-based, Russia-owned oil company NIS, its president Aleksandar Vucic said on Monday. Washington announced sanctions in January against NIS, Serbia’s biggest oil importer and one of Russia’s last remaining energy assets in Europe, over Moscow’s 2022 …

Serbia will protect its interests regarding NIS oil company, president says Read More »

(Reuters) -Private equity firm Warburg Pincus has struck a deal to buy Germany’s PSI Software for more than 700 million euros ($811 million), with shareholder and customer E.ON remaining a strategic investor, the firms said on Monday. Reuters first reported on both a nearing takeover of PSI last week and Warburg Pincus’ offer for the …

Warburg Pincus to buy Germany’s PSI for over 700 million euros Read More »