Reuters UK Business Archives - Page 405 of 3179

EQT kicks off sale of Nordic broadband and data centre business, FT reports

19 Sep 2025 19 Sep 2025

(Reuters) – Swedish private equity firm EQT has launched the sale of its Nordic digital infrastructure business GlobalConnect at a potential valuation of 8 billion euros ($9.43 billion), the Financial Times reported on Friday, citing unidentified sources. EQT bought a majority stake in GlobalConnect in 2017. GlobalConnect declined to comment, while EQT did not immediately …

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Switzerland probes Open Mineral over alleged sanctioned Russian gold dealings

19 Sep 2025 19 Sep 2025

LONDON (Reuters) – Swiss-based metal trader Open Mineral is being investigated by Switzerland’s State Secretariat for Economic Affairs (SECO) and Zug police for alleged dealings with sanctioned Russian gold, two sources with knowledge of the matter said. Sanctions on Russian gold were imposed by Switzerland in August 2022, aligning it with the European Union’s sanctions …

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Louis Dreyfus posts higher volumes, lower profits in first half

19 Sep 2025 19 Sep 2025

PARIS (Reuters) – Agricultural commodity merchant Louis Dreyfus Company recorded a rise in first-half sales, supported by higher volumes shipped, but weaker prices for most crops pushed down profits, it said on Friday. LDC – commonly known as Dreyfus and part of the ABCD quartet of global crop merchants alongside ADM, Bunge Global and Cargill …

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Russia’s VTB bank to raise up to $1 billion in SPO

19 Sep 2025 19 Sep 2025

By Elena Fabrichnaya MOSCOW (Reuters) -Russia’s second-largest lender, VTB, said on Friday it planned to raise up to 84.7 billion roubles ($1.02 billion) in its latest additional share issue, pricing the placement at 67 roubles per share. The bank decided to place 1.264 billion ordinary shares, which equates to nearly 24% of the overall shares …

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Soccer-Arsenal Executive Vice-Chair Lewis leaves club, Garlick named CEO

19 Sep 2025 19 Sep 2025

(Reuters) – Arsenal announced a major boardroom reshuffle on Friday, with Executive Vice-Chair Tim Lewis leaving the Premier League club and Managing Director Richard Garlick promoted to Chief Executive Officer with immediate effect. Lewis, who was appointed Executive Vice-Chair in March 2023, has been advising Kroenke Sports & Entertainment (KSE) since 2007 and joined Arsenal’s …

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Budget challenge for Reeves gets even bigger as borrowing surges

19 Sep 2025 19 Sep 2025

By William Schomberg LONDON (Reuters) – Britain’s borrowing has shot past the official forecasts that underpin the government’s tax and spending plans, compounding the already big challenge facing finance minister Rachel Reeves in her November budget. Public sector borrowing totalled 83.8 billion pounds ($113.39 billion) between April and August, 11.4 billion pounds more than projected …

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Pound, gilts hit by surge in UK borrowing

19 Sep 2025 19 Sep 2025

By Amanda Cooper LONDON (Reuters) – The pound headed for its biggest two-day drop since late July on Friday, while bond yields rose, after a surge in UK public borrowing and a Bank of England rate decision that laid bare the challenge for policymakers in balancing growth and inflation. Official data on Friday showed public …

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UK motor insurance customers to get $270 million in claims, regulator says

19 Sep 2025 19 Sep 2025

(Reuters) – British motor insurance customers will receive 200 million pounds ($270 million) in compensation after a regulatory probe into historic commissions led insurers to revise their claims processes, the Financial Conduct Authority said on Friday. ($1 = 0.7416 pounds) (Reporting by Prerna Bedi in Bengaluru; Editing by Sherry Jacob-Phillips)

EU to consult IMF on size of EU Reparations Loan to Ukraine

19 Sep 2025 19 Sep 2025

By Jacob Gronholt-Pedersen and Jan Strupczewski COPENHAGEN (Reuters) -The European Commission will include the International Monetary Fund’s assessment of Ukraine’s financing needs over the next two years in deciding how big the EU’s Reparations Loan to Kyiv should be, EU Economic Commissioner Valdis Dombrovskis said. The European Union is discussing ways to use frozen Russian …

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Atletico de Madrid owners in advanced talks to sell majority stake to Apollo, sources say

19 Sep 2025 19 Sep 2025

By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) – Owners of Atletico de Madrid are in advanced talks to sell a majority stake in the top-tier Spanish soccer club to Apollo Global Management, according to three people with knowledge of the deal. The U.S. firm could take control of the club by acquiring part of …

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