Reuters UK Business

Eli Lilly’s boss calls UK the ‘worst’ European country for drug prices

24 Sep 2025

By Muvija M LONDON (Reuters) -Eli Lilly Chief Executive Dave Ricks said Britain was “probably the worst country in Europe” for drug prices in an interview with the Financial Times, intensifying pressure on the government to improve market conditions for drugmakers. The remarks are part of a broader backlash from pharmaceutical giants, including Merck and …

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EU asks Apple, Google and Microsoft what they are doing to tackle finance scams

24 Sep 2025

By Sudip Kar-Gupta BRUSSELS (Reuters) -Apple, Google and Microsoft have been asked by EU tech regulators about the measures they are taking to prevent their platforms being used for financial scams, underscoring Europe’s concern about the cost of online fraud. The EU is increasing its regulatory scrutiny of major U.S. technology companies via the Digital …

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BT says ‘government-inflicted’ costs are 10 times higher in UK than Europe

24 Sep 2025

By Paul Sandle LONDON (Reuters) -The boss of BT said the burden of “government inflicted” taxes and compliance was 10 times higher in Britain than in Europe, as she warned that uncertainty about any further increase would deter the investment the country needed. Chief Executive Allison Kirkby said BT and the wider telecoms sector could …

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UK’s IPF jumps on Basepoint’s sweetened $693 million takeover proposal

24 Sep 2025

(Corrects typo in paragraph 2) (Reuters) -Britain’s International Personal Finance said on Wednesday it received an increased 514.9 million pounds ($693.31 million) takeover proposal from U.S.-based specialty finance group Basepoint Capital, sending its shares up about 10%. The London-listed lender said its board would be prepared to accept a firm offer at that level, placing …

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French utility EDF faces hurdles funding $542 billion nuclear plan, auditors say

24 Sep 2025

By Forrest Crellin and Alban Kacher PARIS (Reuters) -French utility EDF will need to invest some 460 billion euros ($542.39 billion) by 2040, mainly in its domestic nuclear fleet, but rising debt and cash flow issues pose major challenges, the French Court of Auditors said on Wednesday. Nearly all of France’s 57 nuclear reactors are …

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Older clients keep UK’s Saga strong as On the Beach falters

24 Sep 2025

By Nithyashree R B and Raechel Thankam Job (Reuters) -British travel companies Saga Plc and On the Beach reported an increase in second-half forward bookings on Wednesday, but uncertainty over next summer drove shares in On the Beach sharply lower. While On the Beach’s winter bookings were 12% ahead of last year’s record, it said …

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Romania’s top court postpones ruling on challenges to deficit lowering measures

24 Sep 2025

BUCHAREST (Reuters) -Romania’s top court on Wednesday postponed ruling on challenges brought against measures to lower the largest budget deficit in the European Union, prolonging uncertainty over the stability of the broad coalition government. The tax hikes and state spending cuts, which the government fast-tracked through parliament, are part of wider efforts to take the …

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Europe’s top utility Iberdrola to invest $120 billion by 2031 in grids shift

24 Sep 2025

By Pietro Lombardi MADRID (Reuters) -Spanish utility Iberdrola is planning more than 100 billion euros ($117 billion) of investments through 2031 as it intensifies its shift towards the more regulated business of power grids in countries such as Britain and the United States. Europe’s largest utility presented on Wednesday its strategic update through 2028 and …

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German business sentiment unexpectedly falls in September, Ifo survey finds

24 Sep 2025

By Maria Martinez BERLIN (Reuters) -German business morale unexpectedly declined in September, a survey showed on Wednesday, as the economic outlook remained weak. The Ifo institute said its business climate index decreased to 87.7 in September from a revised 88.9 in August. Analysts polled by Reuters had forecast a reading of 89.3. Companies were less …

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