Reuters UK Business

German car parts seller Autodoc’s H1 adj EBITDA up 12.5%

16 Sep 2025

FRANKFURT (Reuters) -German online car parts retailer Autodoc on Tuesday said its first-half adjusted operating profit increased by 12.5%, helped by higher sales in France, Spain and Portugal. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 80.9 million euros ($95.40 million), it said. In June, the group called off initial plans …

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Unilever picks longtime insider Srinivas Phatak as finance chief

16 Sep 2025

By Yadarisa Shabong (Reuters) – Unilever named Srinivas Phatak as its new finance chief on Tuesday, as CEO Fernando Fernandez turned to a long-serving insider to stabilise leadership at the consumer goods giant as it navigates a period of organisational change.   The maker of Dove soaps and Hellmann’s mayonnaise, said it had conducted a thorough …

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UK homebuilder MJ Gleeson sees strong forward sales after annual profit fall

16 Sep 2025

(Reuters) – British homebuilder MJ Gleeson said on Tuesday it has entered its new fiscal year with a strong forward order book, despite a 17.3% drop in annual profit due to higher build costs and a slower recovery in the housing market. MJ Gleeson, which builds affordable homes in the North of England and the …

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E-commerce company Allegro teams up with DPD on delivery programme

16 Sep 2025

Poland’s largest e-commerce platform Allegro said on Monday that its unit has signed a new agreement with courier DPD for delivery of parcels within the company’s own delivery service, as it scales and diversifies its logistics. WHY IT’S IMPORTANT Allegro has been taking steps to lower its delivery costs, such as increasing the share paid …

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Continental spin-off Aumovio to be included on German blue-chip index for single day

16 Sep 2025

(Reuters) -Shares in auto supplier Aumovio, which is being spun off from Continental, will be included in Germany’s benchmark blue-chip index for a single day of trading on Thursday, a unit of stock exchange operator Deutsche Boerse said late Monday. This is customary for spin-offs of DAX companies so that index investors the opportunity to …

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Google sets out $6.8 billion UK investment ahead of Trump’s state visit

16 Sep 2025

LONDON (Reuters) – Google said on Tuesday it would make 5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump’s state visit to the country, which is expected to feature a flurry of business deals and partnerships. The U.S. tech company also announced the opening of a new data …

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Smartphone maker Nothing raises $200 million at $1.3 billion valuation

16 Sep 2025

By Supantha Mukherjee STOCKHOLM (Reuters) -London-based smartphone maker Nothing on Tuesday raised $200 million from a group of investors led by Tiger Global at a valuation of $1.3 billion as it seeks to integrate artificial intelligence in its products. The global smartphone market is dominated by the likes of Apple and Samsung, with just a …

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Australia’s CSL invests $117 million for VarmX acquisition option, coagulation treatment

16 Sep 2025

By Nikita Maria Jino (Reuters) – Australia’s CSL said on Tuesday it will pay $117 million upfront to Dutch firm VarmX for an exclusive option to acquire the privately held company and advance the development of a blood coagulation treatment. The deal gives CSL the right to buy VarmX after reviewing Phase 3 trial data …

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Exclusive-France threatens to block crypto licence ‘passporting’ in EU regulatory fight

16 Sep 2025

By Mathieu Rosemain and Elizabeth Howcroft PARIS (Reuters) – France has warned it may try to block some crypto firms licenced in other EU countries from operating domestically as part of a push to get oversight transferred to the bloc’s central securities regulator, the head of its financial watchdog told Reuters. France’s securities watchdog, the …

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Hackers steal client data from Kering’s Gucci, Balenciaga and McQueen, BBC says 

16 Sep 2025

PARIS -Hackers have stolen the private details of potentially millions of customers from luxury brands Gucci, Balenciaga and Alexander McQueen in an attack on the labels’ French parent company Kering, the BBC reported on Monday. Kering confirmed the breach in a statement without naming the affected brands, saying it identified in June that “an unauthorised …

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