Reuters UK Business

By Jesus Calero (Reuters) -Swedish digital infrastructure provider EcoDataCenter has secured 600 million euros ($703.5 million) in debt financing from Deutsche Bank to expand its AI data centres, it said on Tuesday, as demand for high-performance computing surges amid the AI boom. The funding, provided by Deutsche Bank through its Private Credit and Infrastructure unit, …

EcoDataCenter secures 600 million euros to expand AI data centres Read More »

A look at the day ahead in European and global markets from Rae Wee The political noise just keeps coming. Over the span of a few days, British Deputy Prime Minister Angela Rayner and Japanese Prime Minister Shigeru Ishiba have resigned, French lawmakers voted to oust Prime Minister Francois Bayrou, Argentine President Javier Milei’s party …

Morning Bid: Political turmoil comes thick and fast Read More »

By James Davey LONDON (Reuters) -British sandwich and coffee chain Pret A Manger has booked a goodwill impairment charge of 553 million pounds ($749 million), citing an uncertain global economic environment and higher employer costs in the UK. The retailer, commonly referred to as Pret, is majority owned by European investment group JAB Holding. When …

Pret takes $749 million goodwill hit due to global uncertainty, rising UK costs Read More »

(Reuters) – Anglo American is nearing a deal to acquire Canadian miner Teck Resources, Bloomberg News reported on Monday, citing people with knowledge of the matter. The London-listed global miner is considering paying mostly in stock, with an announcement potentially expected as early as this week, the report said. However, the timing and terms of …

Anglo American nears deal to acquire Teck Resources, Bloomberg News reports Read More »

By Suban Abdulla LONDON (Reuters) -British shoppers spent more in August, helped by summer weather and stronger demand for food, furniture and back-to-school computers – though some of the increase reflected higher food prices too, the British Retail Consortium said on Tuesday. The BRC said spending at its members, mostly larger retail chains, increased by …

UK shoppers spent more as temperatures rose in August, BRC survey shows Read More »

(Reuters) -Battery electric vehicles are expected to exceed half of new light vehicle sales in Europe by 2032 and overtake sales of hybrids after 2030, according to an EY report published on Tuesday. While European brands have been slower to produce affordable electric models, EY’s study forecasts that BEVs will account for nearly all new …

Europe’s BEV sales expected to exceed half of new light vehicle sales by 2032 -study Read More »