Reuters UK Business Archives - Page 418 of 3179

VTB bank aims to service 30% of Russia’s trade with “friendly” countries, CFO says

17 Sep 2025 17 Sep 2025

MOSCOW (Reuters) -Russian state-owned bank VTB aims to service 30% of Russian economic activity with so-called friendly countries by 2026, doubling its previous target, CFO and deputy vice president Dmitry Pyanov said on Wednesday. VTB – facing a drop in net interest income, traditionally its main driver of profit – has turned to scaling up …

VTB bank aims to service 30% of Russia’s trade with “friendly” countries, CFO says Read More »

Russia developing Starlink rival at ‘rapid pace,’ space chief says

17 Sep 2025 17 Sep 2025

MOSCOW (Reuters) – Russia will soon have a rival to Elon Musk’s satellite internet service Starlink, as it tries to shift away from outdated thinking that has allowed SpaceX to win the crown of satellite dominance, Russia’s space chief said on Wednesday. Starlink says it operates the world’s largest satellite constellation with more than 8,000 …

Russia developing Starlink rival at ‘rapid pace,’ space chief says Read More »

Security firm Verisure plans to raise $3.7 billion in Swedish IPO

17 Sep 2025 17 Sep 2025

By Terje Solsvik and Charlie Conchie OSLO (Reuters) – Switzerland-based security services firm Verisure said on Wednesday it plans to list on the Stockholm bourse, aiming to raise 3.1 billion euros ($3.7 billion) in what could be one of Europe’s largest initial public offerings in years. The fundraising will help refinance some of its debt …

Security firm Verisure plans to raise $3.7 billion in Swedish IPO Read More »

AI set to transform global trade, says World Trade Organization report

17 Sep 2025 17 Sep 2025

By Olivia Le Poidevin GENEVA (Reuters) – Artificial intelligence could boost the value of trade in goods and services by nearly 40% by 2040, but without adequate policies it could also exacerbate economic divides, a new World Trade Organization report warned on Wednesday. Lower trade costs and enhanced productivity could drive substantial increases in trade …

AI set to transform global trade, says World Trade Organization report Read More »

Lilly sees obesity drug leadership beyond US as it leans on consumer-focused strategy

17 Sep 2025 17 Sep 2025

By Maggie Fick and Mrinalika Roy VIENNA (Reuters) -Eli Lilly has established itself as the market leader in obesity drugs in Europe, Asia and the Middle East and expects to replicate its U.S. dominance globally, the company’s international president told Reuters on Wednesday. Patrik Jonsson said that the drugmaker is applying a consumer-focused commercial strategy …

Lilly sees obesity drug leadership beyond US as it leans on consumer-focused strategy Read More »

UK house prices rise 2.8% in 12 months to July

17 Sep 2025 17 Sep 2025

LONDON (Reuters) -Average house prices in the United Kingdom in July were 2.8% higher than a year earlier, down from a 3.6% rise in the year to June, the Office for National Statistics said on Wednesday. Growth in property prices slowed sharply after hitting a two-year high in March when buyers rushed to complete sales …

UK house prices rise 2.8% in 12 months to July Read More »

PostNL’s ambitious growth target for 2028 sends shares surging in Amsterdam

17 Sep 2025 17 Sep 2025

By Olivier Cherfan (Reuters) – PostNL shares jumped on Wednesday after the Dutch postal operator revealed a strategy for significant earnings growth by 2028 aimed at reversing years of missed targets though some analysts were uncertain whether the company could deliver. The turnaround effort, to be supported by investment and restructuring, would capitalize on growing …

PostNL’s ambitious growth target for 2028 sends shares surging in Amsterdam Read More »

Sterling steady after UK inflation data and ahead of Fed

17 Sep 2025 17 Sep 2025

By Canan Sevgili LONDON (Reuters) -Sterling held steady against the dollar as UK inflation data reinforced expectations that the Bank of England will keep rates unchanged this week, in contrast to the U.S. Federal Reserve, which is expected to cut rates later on Wednesday. The pound was little changed at around $1.3638, having hit its …

Sterling steady after UK inflation data and ahead of Fed Read More »

GSK commits $30 billion to US research and development, factory expansion, as Trump visits UK

17 Sep 2025 17 Sep 2025

By Maggie Fick (Reuters) – Drugmaker GSK said Wednesday it would invest $30 billion in U.S. research and development and supply chain infrastructure over five years, after U.S. President Donald Trump arrived in Britain for a second state visit to seal investment deals. The company said its new facilities in the U.S., which made up …

GSK commits $30 billion to US research and development, factory expansion, as Trump visits UK Read More »

British real estate investor PRS REIT plans to sell unit for $881.2 million

17 Sep 2025 17 Sep 2025

(Reuters) – British real estate investment trust PRS REIT said on Wednesday it plans to sell PRS REIT Holding Company, which owns all its property assets, for about 646.2 million pounds ($881.2 million) to a fund advised by UK-based Waypoint Asset Management, sending its shares up 9%. In addition to the proposed deal price, the …

British real estate investor PRS REIT plans to sell unit for $881.2 million Read More »