Reuters UK Business

Dormakaba to pass on tariff costs to customers as it targets North American growth

2 Sep 2025

By Maria Rugamer and Bernadette Hogg (Reuters) -Dormakaba expects its North American revenue to keep growing over the next three years, as the Swiss security and access systems provider passes on charges from U.S. import duties to customers while cost cuts help it cushion the impact of softer demand. The company aims to increase revenue …

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Ithaca Energy top investors sell stake at a discount; shares down 17%

2 Sep 2025

(Reuters) -Ithaca Energy shares fell nearly 17% on Tuesday after its two largest shareholders sold an about 3% stake in the company at a discount, raising roughly 106 million pounds ($143.2 million). Israeli energy investor Delek Group and Italian oil and gas explorer Eni offloaded 49.6 million ordinary shares at 213.75 pence per share, bookrunner …

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Liechtenstein bank LLB exits Gulf, refers clients to Rothschild

2 Sep 2025

By Hadeel Al Sayegh DUBAI (Reuters) -Liechtensteinische Landesbank (LLB) is withdrawing from the United Arab Emirates and will refer its Gulf clients to Rothschild & Co, the two firms said in separate statements on Tuesday. The agreement covers private banking clients in Dubai and Abu Dhabi, where LLB is closing its offices. The bank said …

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Ukraine’s power exports jumped in August, analyst ExPro says

2 Sep 2025

KYIV (Reuters) -Ukraine, whose power system has come under continued drone and missile attacks by Russia, boosted its electricity exports by 60% in August from July to 450 megawatt hours, the Ukrainian ExPro consultancy said on Tuesday. The consultancy said Ukrainian power imports rose slightly to 264 MWh in August, or 2.5% more than in …

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Loss of Fed independence would push up borrowing costs, set off turmoil, ECB’s Schnabel says

2 Sep 2025

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -Curtailing the U.S. Federal Reserve’s independence could backfire and push up borrowing costs rather than lower them while disrupting the entire global financial system, European Central Bank board member Isabel Schnabel said.  U.S. President Donald Trump has been exerting relentless pressure on the Fed to cut interest …

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