Reuters UK Business

Activist investor Cevian backs AkzoNobel’s strategy with 3% stake purchase

22 Aug 2025

By Alessandro Parodi (Reuters) -Activist investor Cevian Capital has taken a 3.02% stake in Dulux paints maker AkzoNobel, a filing by Dutch market regulator AFM showed on Friday, signalling confidence in the Dutch group’s long-term strategy. Shares in AkzoNobel were up 5% at 0912 GMT, among top gainers on Europe’s benchmark STOXX 600 index. “Cevian …

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Poland is not working on tax on interest from banks’ required reserves, ministry says

22 Aug 2025

WARSAW (Reuters) -Poland’s Finance Ministry said on Friday it was not working on a previously floated idea of taxing interest on banks’ required reserves, as banks’ shares tumbled following an announcement of plans to hike the corporate income tax they pay. Warsaw’s WIG Banks index fell about 8% in morning trade on Friday after the …

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Serbia’s NIS oil company seeks sixth reprieve from US sanctions, report says

22 Aug 2025

BELGRADE (Reuters) -Russian-owned Serbian oil company NIS has asked the United States for a sixth waiver from sanctions that could cut its crude supply, the pro-government Tanjug news agensy said on Friday. NIS, majority-owned by Russia’s Gazprom Neft and Gazprom, operates Serbia’s only oil refinery in the town of Pancevo, just outside the capital Belgrade. …

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DHL: German postal service to suspend transport of business parcels to US

22 Aug 2025

(DHL corrects date to after August 25, not August 22) DUSSELDORF (Reuters) – DHL, which runs Germany’s postal service Deutsche Post, said it will suspend acceptance and transport of parcels and postal items containing goods from business customers destined for the United States after August 25. “The reason for these likely temporary restrictions is new …

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UBS slashes euro zone corporate earnings outlook for 2025

22 Aug 2025

(Reuters) -UBS Global Wealth Management has forecast a 3% contraction in euro zone’s corporate earnings growth this year, as weak second-quarter results and currency headwinds could weigh on profits. UBS, which had previously estimated flat growth for 2025, expects earnings to recover with a 5% growth in 2026 and a faster acceleration in 2027, supported …

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Sweden’s Wallenberg groups launch joint AI company

22 Aug 2025

STOCKHOLM (Reuters) -AstraZeneca, Ericsson, Saab, SEB and Wallenberg Investments will jointly launch an artificial intelligence company to develop advanced AI infrastructure for Swedish companies, Wallenberg said on Friday. The company, Sferical AI, aims to boost the competitiveness of Swedish industry by offering computing power for AI in an integrated and secure infrastructure, Wallenberg said in …

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UK government to take over Liberty Steel division after collapse

22 Aug 2025

LONDON (Reuters) -The British government said it will take control of a part of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, after the business was placed into liquidation following a petition from its creditors on Thursday. A judge at London’s High Court approved the petition for Yorkshire-based Speciality Steel UK, one of Britain’s largest …

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Morning Bid: One last summer hurrah?

22 Aug 2025

A look at the day ahead in European and global markets from Gregor Stuart Hunter It’s possible that there is a cure for those summertime blues after all, and it’s Jerome Powell. But as the Federal Reserve chair prepares to take the stage at the central bank’s annual symposium in Jackson Hole, Wyoming, lethargic traders …

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France’s Lactalis strikes $2.2 billion deal for Fonterra’s consumer business

22 Aug 2025

By Lucy Craymer and Scott Murdoch WELLINGTON (Reuters) -New Zealand’s Fonterra Co-operative Group said it will sell its global consumer and associated businesses to French dairy major Lactalis for NZ$3.845 billion ($2.24 billion), which sent its shares surging to a more than 7-year high on Friday. Shares of the dairy company rose 17.1% in early …

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Dayforce to go private in $12.3 billion Thoma Bravo acquisition

22 Aug 2025

By Milana Vinn (Reuters) -Private equity firm Thoma Bravo has agreed to buy human resources software provider Dayforce for $12.3 billion, including debt, in a take-private deal that executives hope will help expand on the company’s AI capabilities.  Dayforce, which operates on a single data platform, uses artificial intelligence to help companies forecast matters such …

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