Reuters UK Business

Exclusive-How US alcohol tariffs may hurt some businesses, hike prices for Americans

By Emma Rumney LONDON (Reuters) -Americans keen on a stiff drink at a bar should brace for a sobering rise in prices, with Scotch whisky connoisseurs potentially stomaching an extra $1 on average per drink, thanks to U.S. tariffs on UK and European goods, according to an industry analysis shared exclusively with Reuters. Other EU …

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Sweden’s Vattenfall shortlists Rolls-Royce, GE Vernova to build SMR nuclear reactors

By Simon Johnson STOCKHOLM (Reuters) -Swedish utility Vattenfall has selected Britain’s Rolls-Royce SMR and U.S. group GE Vernova as candidates to supply a series of small modular nuclear reactors, it said on Thursday. Sweden’s parliament in May passed legislation to finance a new generation of reactors, the first built in Sweden for more than 40 …

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UK retailers say budget tax hikes risk hitting living standards

By James Davey LONDON (Reuters) -Britain’s biggest retailers have written to finance minister Rachel Reeves to say that further tax increases in her upcoming budget could undermine the government’s manifesto pledge to improve living standards. The letter, published on Thursday, was coordinated by the British Retail Consortium trade body and signed by 60 retail bosses, …

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Germany’s Ecosia proposes stewardship to run Google Chrome

STOCKHOLM (Reuters) -Germany’s Ecosia, a nonprofit search engine, said on Thursday it has submitted a proposal to assume a 10-year stewardship of Alphabet’s Google Chrome web browser.  According to the proposal, Google would legally separate Chrome into a foundation, retaining ultimate ownership and intellectual property rights and give Ecosia operational responsibility for 10 years, Ecosia …

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Lottomatica seen joining Italy’s blue chip stock index, ousting Diasorin or Pirelli

By Giancarlo Navach MILAN (Reuters) -Betting company Lottomatica is on course to join the Italian blue-chip stock index FTSE MIB next month, traders said on Thursday, replacing medical diagnostics group Diasorin or tyre maker Pirelli. The FTSE MIB’s composition is reviewed every three months on the basis of companies’ market capitalisation and the liquidity of …

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Evercore to acquire British boutique investment bank Robey Warshaw for $196 million

(Corrects paragraph 9 of July 30 story to show price of Arma Partners acquisition was undisclosed) (Reuters) -Evercore will acquire British boutique investment bank Robey Warshaw for $196 million, the U.S. investment bank said on Wednesday. Payment will be made in two tranches, half in Evercore shares when the deal closes and the remainder a …

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Battling unregulated vapes, Big Tobacco tries a new strategy: joining in

(Corrects paragraph 17 to show that the pilot will take place in South Carolina, not Tennessee) By Emma Rumney LONDON (Reuters) -British American Tobacco for years fought the sale of unauthorised, disposable vapes in the U.S. – the world’s largest market for smoking alternatives – lobbying lawmakers and arguing aggressively in court that they were …

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Euro zone business activity accelerates in August as new orders grow, PMI shows

By Jonathan Cable LONDON (Reuters) -Euro zone businesses saw new orders increase in August for the first time since May 2024, helping overall activity expand at the fastest pace in 15 months despite persistent weakness in exports, a survey said on Thursday. The HCOB Flash Eurozone Composite Purchasing Managers’ Index, compiled by S&P Global, rose …

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