Reuters UK Business

By Sudip Kar-Gupta and Geert De Clercq PARIS (Reuters) -New French Prime Minister Sebastien Lecornu ruled out on Friday re-introducing a wealth tax or suspending an unpopular pension reform, giving some of the first indications of his policy plans as he tries to pull together a 2026 budget, and a government. Since President Emmanuel Macron …

New French PM rules out wealth tax, aims to cut budget deficit to 4.7% in 2026 Read More »

BELGRADE (Reuters) -Serbia has ample crude oil and fuel in storage to meet demand in the short term but U.S. sanctions set to come into force on October 1 cast a shadow over the landlocked Balkan nation’s future energy security, sources told Reuters on Friday. Russian-owned oil company NIS said earlier it had secured adequate …

Serbia’s future oil supply unclear as US sanctions loom Read More »

By Sanchayaita Roy (Reuters) -London stocks rose on Friday, led by banks and consumer discretionary shares, while investors showed little reaction to fresh tariff threats from U.S. President Donald Trump. The benchmark FTSE 100 gained 0.8% and posted a weekly gain of 0.74%. The mid-cap FTSE 250 rose 0.4% on the day, and was also …

Banks, consumer stocks lift UK shares; investors unmoved by fresh tariff threats Read More »

By Shashwat Chauhan and Amir Orusov (Reuters) -European stocks clawed their way back from three-week lows on Friday, lifted by gains in financials and industrials, leaving the benchmark index more or less where it began the week. The pan-European STOXX 600 rose 0.8%, and ended the week just 0.07% higher. Spanish stocks outperformed other regional …

European shares recover from three-week lows, but weekly momentum fizzles Read More »

LONDON (Reuters) -Jaguar Land Rover’s production shutdown after a cyberattack is hitting businesses in Britain’s West Midlands region, a survey showed on Friday, with firms already making redundancies or cutting staff hours in response. The government is considering financial support for the luxury carmaker, which is owned by India’s Tata Motors, after the cyberattack halted …

Jaguar Land Rover shutdown driving suppliers to cut jobs and reduce hours – survey Read More »

By Alessandro Parodi (Reuters) -Online marketplace OLX will buy French motors classified platform La Centrale for 1.1 billion euros ($1.3 billion), OLX owner Prosus said on Friday, as it aims to establish itself as Europe’s leading e-commerce provider. Prosus, majority-owned by South Africa’s Naspers, received EU approval in August for its $4.8-billion bid for Just …

Prosus’ OLX to buy French classified platform La Centrale in $1.3 billion deal Read More »

By Miranda Murray BERLIN (Reuters) -A senior official from the European Space Agency said mergers could be needed to reach the scale to compete with U.S. and Chinese rivals, but that too much concentration could limit choice. The only three European companies that deliver entire space systems rather than individual components – Airbus, Italy’s Leonardo …

European Space Agency warns against monopolies as satellite merger looms Read More »

By Ilona Wissenbach and Joanna Plucinska FRANKFURT (Reuters) -Lufthansa is expected to announce several thousand job cuts on Monday at the airline’s first company-wide capital markets day in six years, two sources close to the matter said, as it seeks to reassure investors of its commitment to efficiency. Shares in Lufthansa, Europe’s largest airline by …

Exclusive-Lufthansa to cut thousands of jobs in pursuit of efficiency Read More »

LONDON (Reuters) -Britain on Friday said it was pressing the United States on pharmaceutical tariffs in hope of a beneficial outcome, after President Donald Trump said a new 100% tariff would apply to firms unless they build a manufacturing presence in the country. Trump said the tariffs would apply to any branded or patented pharmaceutical …

Britain says pushing for better outcome on US pharma tariffs Read More »