Reuters UK Business

By Shashwat Chauhan and Akash Sriram (Reuters) -Shares of Dell Technologies fell about 10% on Friday, as high manufacturing costs for AI-optimized servers and intensifying competition overshadowed the company’s bullish demand forecast for artificial intelligence infrastructure. The stock is set to lose roughly $8 billion of its $91 billion market capitalization if losses hold. AI …

Dell slides as high AI server costs, competition blunt upbeat demand forecast Read More »

By Maria Martinez BERLIN (Reuters) – German inflation accelerated more than expected in August, bringing an end to the disinflationary process of the last months and adding to the gloom on a day when unemployment topped three million for the first time in a decade. Inflation rose to 2.1%, preliminary data from the federal statistics …

German inflation rises more than expected in August Read More »

FRANKFURT (Reuters) -Gerresheimer , under pressure from investors to review its strategy, said on Friday that finance chief Bernd Metzner would be replaced with a company outsider with a background in private equity, drawing support from an activist shareholder. The packaging and medical equipment maker said that Metzner had resigned at his own request and …

Gerresheimer CFO resigns, successor to take over from September Read More »

By Maria Martinez BERLIN (Reuters) -The number of unemployed people in Germany has topped three million for the first time in a decade, labour office figures showed on Friday, raising the stakes for the government’s huge investment plans to deliver quick results. A total of 3.02 million people were unemployed in August in seasonally unadjusted …

German unemployment tops three million for first time in a decade Read More »

MADRID (Reuters) -Delivery Hero on Friday said it remained committed to operating its Spanish subsidiary Glovo despite warning that potential social security charges and penalties could threaten its ability to operate in the country. Spain introduced gig-economy worker rights legislation in 2021, mandating food delivery platforms to employ riders under formal contracts. Glovo faced fines …

Delivery Hero says it remains committed to Spanish business Glovo Read More »

By William Schomberg and Tommy Reggiori Wilkes LONDON (Reuters) -British bank shares fell sharply on Friday after a think-tank called for a new levy on lenders and a newspaper report said industry figures were worried the government was planning to raise cash by targeting the sector. Finance minister Rachel Reeves should use her autumn budget …

British bank shares slide on fears of new tax Read More »