Reuters UK Business Archives - Page 456 of 3179

Italy’s Domyn taps ex-BlackRock executive to lead new financial AI arm

9 Sep 2025 9 Sep 2025

MILAN (Reuters) -Italian AI startup Domyn has appointed former BlackRock managing director Stefano Pasquali to head its newly launched financial services division, the company said on Tuesday. Valued at more that $1 billion, Domyn, formerly known as iGenius, is developing AI tools for the highly-regulated financial sector and it is building what it calls Europe’s …

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Russia will borrow more than planned in 2025, finance minister says

9 Sep 2025 9 Sep 2025

MOSCOW (Reuters) -Russia will borrow more than planned this year to cover the rising budget deficit, Finance Minister Anton Siluanov was quoted as saying on Tuesday, though high interest rates, a strong rouble and a shallow capital market are limiting its capacity. The Finance Ministry increased the deficit estimate for this year from the initial …

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KLM to cancel 100 flights on Wednesday after strike announcement

9 Sep 2025 9 Sep 2025

AMSTERDAM (Reuters) – KLM, the Dutch arm of airline group Air France KLM, will cancel 100 flights on Wednesday after ground crew announced a two-hour strike, a spokesperson for KLM said on Tuesday, confirming a report by Dutch News Agency ANP. The cancelled flights will affect 27,000 passengers, the spokesperson added. European airlines have struggled …

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Analysis-Crisis-prone France sinks deeper into debt quagmire

9 Sep 2025 9 Sep 2025

By Leigh Thomas and Yoruk Bahceli PARIS/LONDON (Reuters) – The collapse of France’s latest government leaves the euro zone’s second-biggest economy lurching deeper into a morass of feeble growth, high borrowing costs and a debt burden becoming one of Europe’s heftiest. Lawmakers’ rejection of Prime Minister Francois Bayrou’s government in a no-confidence vote on Monday …

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UK retailer Dunelm warns it has yet to see clear signs of sustained demand, shares drop

9 Sep 2025 9 Sep 2025

(Adds dropped company name in headline) (Reuters) – British homeware retailer Dunelm cautioned on Tuesday that it has yet to see signs of sustained recovery in consumer demand, sending its shares down 7.3%, even as performance in its new fiscal year was off to a positive start. Consumers remain cautious about spending in an environment …

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Spanish power utilities warn electricity grid is saturated

9 Sep 2025 9 Sep 2025

MADRID (Reuters) -Spanish power utilities lobby Aelec warned on Tuesday most of the country’s electricity grid is saturated and requires massive investment to allow new connections. Aelec has analysed a global map published by Spanish grid operators and concluded that more than 80% of the Spanish grid’s nodes cannot handle any increase in the volume …

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Dutch state cuts stake in ABN Amro to around 20%

9 Sep 2025 9 Sep 2025

(Reuters) -The Netherlands has cut its stake in lender ABN AMRO to about 20% from 30.5% previously, the body managing the Dutch state’s financial interests said on Tuesday. The Dutch government had lowered its stake in ABN Amro to around 30% in May. ABN Amro, one of the three leading banks in the Netherlands, was …

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UK regulator imposes $117 million penalty against Anglian Water, South West Water

9 Sep 2025 9 Sep 2025

(Reuters) -British regulator Ofwat on Tuesday confirmed an 86-million-pound ($116.76 million) penalty against Anglian Water and South West Water over the companies’ failure to maintain their sewage works and networks. Anglian Water and its shareholders will fund a total enforcement package of 62.8 million pounds, and South West Water will fund an enforcement package of …

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Permira, Blackstone take $525 million minority stake in Dubai’s Property Finder

9 Sep 2025 9 Sep 2025

By Hadeel Al Sayegh DUBAI (Reuters) – Permira and Blackstone Inc are acquiring a $525 million minority stake in Dubai-based classifieds firm Property Finder, according to a joint statement on Tuesday, in a sign of continued investor appetite in the emirate’s real estate market. As part of the transaction, General Atlantic, an early backer of …

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Switzerland’s SIX to delist shares in solar panel maker Meyer Burger

9 Sep 2025 9 Sep 2025

BERLIN (Reuters) -Switzerland’s stock exchange operator SIX will delist all registered shares in Meyer Burger after the solar panel maker looks set to miss a deadline to submit its 2024 annual report, the operator’s SER regulation firm said on Tuesday. The reasons for the delayed annual report have not been addressed, said SER, and are …

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