Reuters UK Business

FRANKFURT (Reuters) – Lufthansa said on Thursday the delayed delivery of Boeing 777X planes is leading to prices being renegotiated and has no impact on the German carrier’s capacity as it was talking to the U.S. company to get other types of plane. “Let’s assume that we get paid for our patience. Behind all delays …

Lufthansa sees no impact of Boeing 777X delays on its capacity Read More »

By Giulio Piovaccari MILAN (Reuters) – Revenue for carmaker Stellantis rose 12% in the first three months of the year, beating market expectations as strong pricing and the type of vehicles sold helped offset the impact of the semiconductor shortage on volumes. Milan-listed shares in the company, the product of a merger last year of …

Stellantis revenues jump 12% despite chip crunch, shares up Read More »

MILAN (Reuters) -The head of Telecom Italia (TIM) said on Thursday he was confident of clinching a preliminary agreement to merge Italy’s biggest phone group’s network assets with those of rival Open Fiber within days. The debt laden former phone monopoly is working on an overhaul centred around a split of its services businesses from …

Telecom Italia CEO confident deal within reach on single network Read More »

By Nick Carey LONDON (Reuters) – BMW posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker’s stake in its Chinese joint venture and strong pricing, and kept its 2022 outlook, despite volatile prices for commodities and energy. A global semiconductor chip shortage has hit car production across …

BMW profit gets lift from Chinese joint venture, strong prices Read More »

LONDON (Reuters) – Britain on Thursday revoked the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange, removing some tax relief for new investors. Britain grants recognised status to some exchanges, which allow the securities traded on them to benefit from specific tax reliefs. While existing investments through MOEX are unaffected, new ones will …

UK revokes Moscow bourse’s status as recognised exchange Read More »

By David Milliken LONDON (Reuters) – British private-sector growth slowed to its weakest pace in four months in April as businesses raised prices on the broadest basis since at least the late 1990s, a closely watched survey showed on Thursday. The figures from the S&P Global/CIPS Purchasing Managers’ Index (PMI) highlight the challenge facing the …

UK business activity slows to three-month low as inflation soars – PMI Read More »

(Reuters) – Meta Platforms Inc is slowing the growth of its workforce as the Facebook parent looks to rein in costs, the company said on Wednesday. “We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly,” …

Facebook parent to slow hiring as costs mount Read More »

By Sheila Dang (Reuters) – Twitter Inc will face a skeptical audience when it showcases its advertising opportunities on Wednesday evening at an event in New York City, three ad agency executives told Reuters, as the social media company’s plans under billionaire Elon Musk remain unclear. The Tesla chief executive, who is buying Twitter for …

Twitter to court advertisers amid uncertain future under Musk Read More »

LONDON (Reuters) – British billionaire Jim Ratcliffe said he was not giving up a bid to buy Chelsea despite apparent rejection from the U.S. bank handling the sale of the Premier League club. The head of chemical company INEOS announced last Friday a last minute offer of 4.25 billion pounds ($5.35 billion) but a consortium …

Soccer-Ratcliffe not giving up on Chelsea bid despite apparent rejection Read More »