Reuters UK Business

BERLIN (Reuters) -Germany’s economy minister said on Monday she was considering providing state financing to the defence industry as it ramps up production in the face of the growing threat posed by Russia since its 2022 invasion of Ukraine. Minister Katherina Reiche said the financing could come from an existing fund intended to facilitate economic …

German economy minister considers providing defence sector state financing Read More »

By John Revill, Lisa Jucca and Oliver Hirt ZURICH (Reuters) -Nestle has abruptly dismissed its CEO Laurent Freixe for failing to disclose a romantic relationship with a subordinate, the Swiss food giant said on Monday, a dramatic removal exactly a year after he took the reins. The maker of products ranging from KitKat to Nesquik …

Nestle abruptly removes CEO Freixe over undisclosed relationship with subordinate Read More »

DUBLIN (Reuters) -Israel has moved the process of securing EU approval for its diaspora bond prospectus to Luxembourg from Ireland amid increasing opposition in Dublin to its central bank’s role in approving the programme on behalf of the European Union. Irish lawmakers and pro-Palestine campaign groups have called on the central bank to stop facilitating …

Israel moves EU approval for diaspora bond to Luxembourg from Ireland amid Gaza protests Read More »

(Reuters) -Thames Water’s largest group of creditors is preparing to offer an additional 1.25 billion pound package of new equity and debt write-offs in an effort to persuade regulator Ofwat and the UK government to pursue a rescue deal with them, Sky News reported on Monday, citing people close to the process. The numbers were …

Thames Water creditors offer 1 billion pound ‘sweetener’ in rescue deal, Sky News reports Read More »

By Nick Carey and Amir Orusov LONDON (Reuters) -Tesla’s sales rout this year in a number of European markets continued in August amid fierce competition from China’s BYD and a backlash against CEO Elon Musk, although Norway, Spain and Portugal bucked the trend. Tesla has a small lineup and has not released a new mass-market …

Tesla’s sales rout in some European markets extends to eighth month Read More »

(Reuters) -London equities closed slightly higher on Monday, helped by precious metal miners and defence stocks, but losses in utilities kept gains in check. The blue-chip FTSE 100 closed 0.1% higher, following its biggest weekly decline in almost five months on Friday. The domestically focussed mid-cap index rose 0.1%. Defence stocks advanced after Norway said …

UK stocks close slightly higher supported by precious metal miners, defence stocks Read More »