Reuters UK Business

(Reuters) -Revolut has launched a secondary sale of its shares valuing the financial technology giant at $75 billion, a source familiar with the company said on Monday, as the London-based group doubles down on its expansion plans to rival bigger lenders. Revolut, which has emerged as the most successful of a handful of European fintechs …

UK’s Revolut kicks off secondary share sale at $75 billion valuation, source says Read More »

(Reuters) -Hong Kong property developer New World Development confirmed on Monday it is in discussions about a loan facility led by Deutsche Bank AG, but denied receiving any other funding proposals. However, the firm did not reveal any other financial details about the loan facility being discussed with Deutsche, Germany’s largest lender. Bloomberg News reported …

Hong Kong’s New World confirms loan facility talks with Deutsche Bank Read More »

(Corrects paragraphs 3 and 5 to say 30-year gilt yields were near their highest levels since the late 1990s, not hit that milestone on Monday) By Stefano Rebaudo (Reuters) – Sterling rose against a weakening dollar on Monday but was on track for a 3-day falling streak versus the euro, as investors awaited U.S. economic …

Sterling on track for three-day slide versus euro amid fiscal concerns Read More »

BENGALURU -Euro zone manufacturing activity expanded in August for the first time since mid-2022 due to a surge in domestic demand and output, raising optimism around future production, a survey showed. The HCOB Eurozone Manufacturing Purchasing Managers’ Index (PMI) rose to an over-three-year high of 50.7 in August from 49.8 in July, surpassing the 50.0 threshold …

Euro zone manufacturing expanded for first time since early 2022 in August, PMI shows Read More »

By Stine Jacobsen and Nora Buli COPENHAGEN/OSLO (Reuters) -Norway’s Equinor will pump nearly $1 billion into Orsted’s emergency fundraising, it said on Monday, bolstering the Danish offshore wind power developer’s efforts to cope with U.S. President Donald Trump’s hostility to the sector. The energy company said it planned to participate in Orsted’s 60-billion Danish crown …

Equinor to inject nearly $1 billion into Orsted following US setbacks under Trump Read More »

By Pushkala Aripaka (Reuters) -Royal Mail’s U.S. shipments are moving smoothly after the British post and parcel group had to adapt to Washington’s ending of tariff exemptions for low-value packages, the CEO of its owner International Distribution Services said on Monday. The U.S. tariff relief for shipments under $800, known as the “de minimis” exemption, …

Royal Mail shipments to US flowing in with no disruptions, CEO says Read More »