By Sergio Goncalves LISBON (Reuters) -Portugal’s minority centre-right government has begun a major overhaul of labour laws to boost competitiveness by making dismissals easier and working hours more flexible, a move criticised by unions who said it contravenes workers’ rights. The reform seeks to change more than 100 articles of the labour code, which it …
Portugal launches labour reform criticised by unions Read More »
STOCKHOLM (Reuters) – Digital banking group NOBA has announced plans to list on the Nasdaq Stockholm exchange sometime in the third quarter of this year in a deal expected to value the company at around 35 billion Swedish crowns ($3.74 billion). NOBA’s listing plans make it the second major Swedish financial services group to opt …
Digital bank NOBA plans Sweden IPO valuing firm at $3.7 billion Read More »
-Shares in German chemicals maker Covestro rose on Thursday after Reuters reported that ADNOC was preparing to make concessions in response to an EU subsidy investigation of its 14.7 billion euro ($17.2 billion) bid for Covestro. Shares in Covestro were up 5.5% at 0924 GMT, on track for their best day in over a year. …
Covestro shares climb as ADNOC plans EU concessions Read More »
By Alistair Smout and Sarah Young LONDON (Reuters) -Britain defended its record on attracting investment on Thursday after U.S. drugmaker Merck said it was abandoning a new London research centre and a top industry lobby group warned a challenging business environment was hurting the sector. Merck had already started building new laboratories near Kings Cross …
Britain defends investment record as Merck scraps labs over pharma environment Read More »
(Reuters) -British sportscar maker Aston Martin will adopt Cyber Tyre technology from Italy’s Pirelli for future vehicles, the two companies said in a joint statement on Thursday. The Italian firm’s technology – which allows for the collection of data from sensors placed in its tyres – will be integrated into future Aston Martin models to …
Italy’s Pirelli to supply carmaker Aston Martin with Cyber Tyre technology Read More »
By James Davey LONDON (Reuters) – British retailer the John Lewis Partnership posted a deeper first-half loss but struck an upbeat tone on its Christmas prospects, citing rising customer numbers, and forecast full year profit growth. The UK’s largest employee-owned business, which runs John Lewis department stores and the upmarket Waitrose supermarket chain, generates most …
Britain’s John Lewis upbeat on Christmas prospects despite first-half loss Read More »
(Reuters) – Fevertree Drinks’ second half got off to a good start after strong sales in the United States in the first six months of 2025, the company said on Thursday, sending its shares up 10%. Fevertree has benefited from a broader trend of consumers drinking less alcohol, boosting sales of its premium beverages …
Fevertree rides US sales wave as second half off to a good start Read More »
MOSCOW (Reuters) – Russia’s revenue from sales of crude oil and oil products declined in August to one of the lowest levels seen since the start of the conflict in Ukraine, the International Energy Agency said on Thursday. Russia’s energy industry has been challenged by Ukrainian drone strikes on oil refineries and export pipelines as …
Russia’s oil and fuel export revenue fell in August, IEA says Read More »
FRANKFURT (Reuters) -Lufthansa is working with Italy’s economy ministry to increase its stake in state airline ITA Airways to 90% by June 2026, the Corriere della Sera newspaper reported on Thursday, citing two sources familiar with the discussions. The German airline would pay a further 325 million euros ($379.89 million) to boost its stake from …
Lufthansa could raise share in Italy’s ITA to 90% by June, newspaper reports Read More »
BUDAPEST (Reuters) -The EU executive’s idea to use the cash balances associated with Russian assets frozen in Europe to provide a loan to Ukraine has risks and it is important that these legal risks are not spread on member states, Hungary’s EU minister said on Thursday. “It is not clear to me how this is …
Hungary says EU idea to use frozen Russian assets carries legal risks Read More »
