Reuters UK Business Archives - Page 455 of 3179

Elderly healthcare AI company Teton.ai raises $20 million in funding

9 Sep 2025 9 Sep 2025

LONDON (Reuters) -Teton.ai, a company that uses proprietary AI and computer vision technology to provide predictive care for older people, has raised $20 million in a funding round led by Estonia and London-based investment fund Plural. Other participants in the round include Bertelsmann Investments, Antler Elevate and Nebular, with follow-on investment from PSV Tech, the …

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Germany’s Merz pledges support for auto sector as US, China rivalry heats

9 Sep 2025 9 Sep 2025

By Rachel More and Christoph Steitz MUNICH (Reuters) – German Chancellor Friedrich Merz, formally opening the Munich car show on Tuesday, pledged support for the country’s embattled auto sector, calling for innovation to head off threats from China and the United States as well as excessive red tape. Carmakers, Germany’s biggest industrial sector, are grappling …

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Instant View: Anglo, Teck forge $53 billion mining giant in bet on surging copper demand

9 Sep 2025 9 Sep 2025

(Reuters) – London-listed Anglo American and Canada’s Teck Resources will merge in a $53 billion deal, the companies said on Tuesday, the biggest mining tie-up in more than a decade. The new company, Anglo Teck, will be based in Canada with a primary listing in London, the firms said. S&P GLOBAL ANALYSTS “The merger is …

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Novartis to acquire Tourmaline Bio for $1.4 billion

9 Sep 2025 9 Sep 2025

BERLIN (Reuters) – Novartis will acquire Tourmaline Bio for $48 per share, valuing the New York-based biopharmaceutical company at $1.4 billion on a fully diluted basis, the Swiss pharma giant said on Tuesday. Tourmaline is focused on developing pacibekitug, a promising targeted therapy with the potential to reduce systemic inflammation, as a treatment option for …

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Cirsa expects lower FX impact in second half of the year, online business soars

9 Sep 2025 9 Sep 2025

By Javi West Larrañaga (Reuters) – Spanish gambling company Cirsa said on Tuesday its second quarter net profit fell 11%, as its casino business was hit by weakness in the Mexican and Colombian pesos though its online betting unit soared. Foreign exchange headwinds, however, were not expected to continue throughout the rest of the year, …

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Factbox-Anglo American and Teck Resources’ key mining assets

9 Sep 2025 9 Sep 2025

(Reuters) – London-listed miner Anglo American said on Tuesday it has agreed to a merger with Canada’s Teck Resources, in what would be the biggest mining sector M&A deal in over a decade. Below are details of their key operations: Both Anglo American and Teck Resources have major copper mines in Chile and Peru. Demand …

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Britain’s M&S drops Tesco’s Booker as wholesale partner

9 Sep 2025 9 Sep 2025

LONDON (Reuters) -Britain’s Marks & Spencer has ended its 15-year wholesale partnership with Tesco’s Booker unit, dropping it as the primary supplier of third-party branded products for its food business, the retailer said on Tuesday. M&S said it has replaced Booker with AF Blakemore & Son Ltd, signing a “multi-year agreement” with the family owned …

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Volkswagen to invest up to a billion euros in AI by end of decade

9 Sep 2025 9 Sep 2025

MUNICH (Reuters) -Volkswagen will invest up to a billion euros ($1.2 billion) in artificial intelligence by 2030, feeding the technology into every area of its business in a bid to unlock billions in savings, the German carmaker said on Tuesday. The announcement was made on the first day of the IAA car show in Munich, …

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Sterling firms as Fed cut bets weigh on dollar, political worries bog down euro

9 Sep 2025 9 Sep 2025

(Reuters) -Sterling gained against the dollar and the euro on Tuesday as traders slightly raised the odds of an outsized rate cut by the Federal Reserve next week while political developments in France weighed on the euro. Sterling was up 0.3% at $1.3585, hovering near its strongest level since mid-August. Investors are awaiting U.S. job …

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Hot, dry weather seen pushing French wine output below five-year average

9 Sep 2025 9 Sep 2025

PARIS (Reuters) -French wine production is expected to rise 3% from last year’s rain-hit season but fall 13% from the five-year average as a heatwave and drought in August and smaller vine area cut output in some key regions, the farm ministry said on Tuesday. France, which vies with Italy and Spain for the position …

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