Reuters UK Business

BRUSSELS (Reuters) -The EU expects to mobilise over 400 billion euros ($464.5 billion) by 2027 in investments for Global Gateway, its program to boost investments in the Global South, European Commission President Ursula von der Leyen said on Thursday. Global Gateway was originally designed to invest 300 billion euros, half of it in Africa, from …

EU aims for 400 billion euros in Global Gateway investments, von der Leyen says Read More »

LONDON (Reuters) -Britain’s competition watchdog will allow five water companies to raise their bills by an extra 3%, far below what they wanted, calling their requests “largely unjustified”, in the latest challenge for the country’s failing water industry. Ministers have called Britain’s water industry “broken” after repeated sewage spills and amid public anger that water …

UK competition watchdog rejects most water firms’ price hike requests Read More »

HAMBURG (Reuters) -Europe’s largest sugar producer Suedzucker reported on Thursday an 82% fall in quarterly operating profit as it continued to face weak EU sugar markets. The German company said operating profit in June-August, the second quarter of its 2025/26 fiscal year, totalled 20 million euros ($23.29 million), down from 114 million euros in the …

Suedzucker reports 82% slump in second quarter earnings amid weak sugar market Read More »

By Maria Martinez BERLIN (Reuters) -Sentiment among German CEOs continued to deteriorate this year and is more negative on the economic outlook and company prospects than in other countries, a survey by KPMG showed on Thursday. Only 72% of CEOs in Germany expect their company to grow over the next three years, lower than the …

Sentiment deteriorates among German CEOs, survey shows Read More »

By Elena Fabrichnaya, Anastasia Lyrchikova and Gleb Bryanski MOSCOW (Reuters) -Russia’s central bank has ruled the state violated the rights of minority shareholders in some asset seizures it made in relation to its conflict in Ukraine, sources told Reuters, in a first pushback by the Russian elite on the nationalisation process. Amid the confrontation with …

Russia’s central bank calls out violations in state asset grab Read More »

(Reuters) -French authorities on Wednesday denied an important maritime concession for the Aquind electricity interconnector project, effectively halting progress on the planned high-voltage link between France and the United Kingdom. While the project received environmental approval in July, the concession required a national-level recognition of public interest, which was not validated, the Seine-Maritime prefecture said …

France blocks maritime concession for France-UK power interconnector project Read More »

(Reuters) -Britain’s benchmark FTSE 100 closed at a record high on Wednesday, buoyed by gains in heavyweight financial stocks, while gold miners rallied as bullion prices surged to historic levels. The blue-chip FTSE 100 gained 0.7% to 9,548.87, while the mid-cap FTSE 250 closed up 0.2%. An index of bank stocks rose 1.9%. Lloyds Banking …

Bank shares lift London’s FTSE 100 to record, gold soars above $4,000 Read More »