Reuters UK Business

Britain’s Hilton Food slumps after seafood risks, salmon unit under pressure

3 Sep 2025

(Reuters) -Shares of Hilton Food Group fell more than 19% on Wednesday after the British food supplier warned of higher costs in its seafood unit from rising raw material prices and regulatory curbs at its Foppen business in Greece. Reduced fishing quotas in the UK and post-Brexit fishery policies have driven up raw material costs, …

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Zalando to appeal EU court ruling rejecting its challenge against EU tech rules

3 Sep 2025

BRUSSELS (Reuters) -Zalando will appeal an EU court ruling dismissing its challenge against landmark EU tech rules, Europe’s biggest online retail company said on Wednesday. The Luxembourg-based General Court, Europe’s second-highest, had earlier on Wednesday sided with the European Commission which had labelled Zalando as a very large online platform (VLOP) under the Digital Services …

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UK’s M&G misses half-year profit expectations despite record inflows

3 Sep 2025

(Corrects to say Dai-chi will take a stake in M&G in paragraph 7, not that it had already taken it) By Yamini Kalia (Reuters) -British insurer M&G missed market expectations for half-year adjusted operating profit on Wednesday due to some one-off charges, despite incurring record net inflows of 2.6 billion pounds ($3.5 billion) in its …

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Etihad first-half profit best yet on global expansion, passenger growth

3 Sep 2025

(Reuters) -Abu Dhabi’s Etihad Airways first half was its most profitable yet, the company said Wednesday, as its net profit reached 1.12 billion UAE dirham ($304.96 million), up 32% year-on-year. Etihad carried 10.2 million passengers in the six months ending June 30, a 17% increase from the previous year, even as regional tensions – including …

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Russia says it will increase forex sales in September in a move that supports rouble

3 Sep 2025

MOSCOW (Reuters) -Russia will increase its support of the rouble with higher net sales of foreign currency in September, according to new figures released by the Finance Ministry on Wednesday. The ministry said it would increase its foreign currency sales to 1.4 billion roubles ($17.32 million) a day from September 5 to October 6, up …

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German industry lobby says energy transition risks 5.4-trillion-euro burden by 2049

3 Sep 2025

BERLIN (Reuters) -Germany’s current energy transition strategy could cost as much as 5.4 trillion euros ($6.3 trillion) by 2049, heavily burdening businesses and households and weakening competitiveness, the German Chambers of Industry and Commerce (DIHK) said on Wednesday. Berlin aims to cover 80% of its electricity needs with renewables by 2030, a step to becoming …

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Britain’s JLR hit by cyber incident that disrupts production, sales

3 Sep 2025

(Reuters) -Jaguar Land Rover’s retail and production activities have been “severely disrupted” following a cybersecurity incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlled manner. The company, owned by India’s Tata Motors, said it had not found any evidence at this stage that any …

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Chinese companies turn to generics as shipments behind US weight-loss craze fade

3 Sep 2025

By Patrick Wingrove NEW YORK (Reuters) -Some Chinese companies now racing to make generic versions of Novo Nordisk’s Wegovy also supplied ingredients for more than a billion makeshift doses of weight-loss drugs sold online in the U.S. over the past two years, according to three sources and a Reuters review of shipping and public records. …

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Berlin in move to cut grid fees, power tax for energy cost relief

3 Sep 2025

BERLIN (Reuters) -Germany’s cabinet on Wednesday approved draft legislation to cut power grid fees and the power tax, the finance and economy ministries said, aiming to bring down electricity costs that are the highest in Europe. The costs are inflated by transmission fees, levies and taxes, posing an extra burden on both energy-hungry industries and …

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