Reuters UK Business

By Echo Wang NEW YORK (Reuters) -Blackstone is weighing strategic options, including an initial public offering or a sale, for Ancestry.com, the hugely popular platform that helps users trace their genealogical roots, people familiar with the matter said. The buyout firm invited banks to pitch for an IPO of the Lehi, Utah-based company, the people …

Blackstone weighs options for Ancestry.com, including sale or IPO, sources say Read More »

By Aditya Soni and Stephen Nellis SAN FRANCISCO -Corintis, a Swiss startup promising more rapid liquid chip-cooling technology, has raised $24 million and added Intel CEO Lip-Bu Tan to its board as artificial intelligence fuels demand for better heat management tools for semiconductors. Tests by Microsoft, a Corintis customer, have shown the Lausanne-based startup’s system, …

Chip cooling startup Corintis raises $24 million, adds Intel CEO Lip-Bu Tan to board Read More »

By Conor Humphries DUBLIN (Reuters) -Ryanair is confident of receiving its first of 150 737 MAX 10 jets from Boeing on schedule in early 2027 but is also keen to boost the number of Airbus in its fleet when the chance arises, Group Chief Executive Michael O’Leary said on Thursday. Ryanair currently has around 600 …

Ryanair confident of Boeing MAX 10 timing, sees future Airbus order  Read More »

(This Sept.24 story has been refiled to remove a picture, with no changes to text) By Gianluca Lo Nostro (Reuters) -Investor group European Investors-VEB on Wednesday applied for a court inquiry into Philips over allegations of misleading disclosures and management failures linked to the company’s recall of sleep apnea devices. Philips recalled around 15 million …

Investor association VEB calls for court inquiry into Philips sleep apnea recall Read More »

By Alban Kacher (Reuters) -Europe’s biggest food delivery company by revenue, Just Eat Takeaway, will reduce its workforce by around 450 as part of a review of its cost base and operations, a company spokesperson told Reuters on Thursday. The cuts will affect employees across several functions and countries, including customer service and sales administration, …

Just Eat to lay off around 450 employees, partly automating operations Read More »

By Conor Humphries DUBLIN (Reuters) -Drone disruption is likely to become an irritant for the airline industry but is unlikely to affect profitability, Ryanair boss Michael O’Leary said on Thursday.  It is governments rather than airports or airlines who should cover the cost of defending against them, he added.  The Irish airline, Europe’s largest by …

Ryanair CEO sees drone disruption as an irritant that won’t hit profits Read More »

By Stephanie Kelly and Shadia Nasralla LONDON (Reuters) -BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, pointing to slowed efforts to increase energy efficiency and reduce global carbon emissions. The oil major’s latest Energy Outlook, an annual study of energy trends …

BP sees oil demand growth until 2030 due to slowing energy efficiency gains Read More »

MOSCOW (Reuters) -Russia will introduce a partial ban on diesel exports until the end of the year and extend an existing ban on gasoline exports, Deputy Prime Minister Alexander Novak was quoted as saying on Thursday, following a spate of Ukrainian drone attacks on Russian refineries. The attacks have reduced Russian oil refining by almost …

Russia to partially ban diesel exports, extend gasoline restrictions after Ukrainian drone attacks Read More »

BERLIN (Reuters) -Germany’s Robert Bosch will cut 13,000 jobs as the world’s top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of 2.5 billion euros ($2.9 billion), it said on Thursday. The company has previously said it expects to “fight over every …

Bosch to cut 13,000 jobs to bring down costs in tough autos market Read More »

By Tom Sims, Tommy Reggiori Wilkes and Valentina Za FRANKFURT (Reuters) -A consortium of nine European banks, including heavyweights ING and UniCredit, said on Thursday they are forming a new company to launch a euro-denominated stablecoin, a move they hope will help counter U.S. digital market dominance. A host of top U.S. financial firms have …

European banks to launch euro stablecoin in bid to counter US dominance Read More »