Reuters UK Business

Google spotlights AI over hardware upgrades in unveiling new smartphones

21 Aug 2025

By Kenrick Cai (Reuters) -Alphabet’s Google introduced on Wednesday a new lineup of Pixel smartphones and gadgets, intensifying its efforts to embed artificial intelligence across a wide ecosystem of products. The products were launched at the annual “Made by Google” event held in New York that diverged from its typical format to emphasize mainstream consumer …

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UK borrowing data offers some respite to Reeves before budget challenge

21 Aug 2025

(Corrects second paragraph to show annual increase is in pounds, not percent) By William Schomberg LONDON (Reuters) -Britain’s public borrowing in the financial year so far has matched the forecasts that underpin the government’s tax and spending plans, offering a bit of breathing space to finance minister Rachel Reeves before bigger challenges later this year. …

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UK’s WH Smith cuts profit forecast after accounting blunder, shares sink

21 Aug 2025

(Corrects index in paragraph 7 to FTSE mid-cap from FTSE 100) (Reuters) -British travel retailer WH Smith lowered its annual profit outlook on Thursday after a review revealed earnings had been overstated in its North America division, sending its shares tumbling over 30%. A financial review identified an overstatement of around 30 million pounds ($40.34 …

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German manufacturing drives modest growth in August, PMI shows

21 Aug 2025

(Reuters) -Germany’s private sector economy saw a slight uptick in growth in August, driven primarily by the manufacturing sector which experienced a rise in new orders, according to a survey on Thursday. The HCOB Flash Germany Composite Purchasing Managers Index, compiled by S&P Global, rose to 50.9 in August from 50.6 in July, marking a …

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Tesla evacuates part of Germany plant after fire, HB reports

21 Aug 2025

FRANKFURT (Reuters) -Tesla has since Monday evacuated part of its plant in Germany after a fire broke out in a building processing battery packs, the Handelsblatt newspaper reported on Thursday, adding there were no injuries or environmental damage. Tesla was not immediately available for comment. (Reporting by Chris Steitz; writing by Matthias Williams; editing by …

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United Utilities taps Cascade for $4 billion upgrade of key water pipeline

21 Aug 2025

(Reuters) -United Utilities on Thursday signed an agreement for a 3 billion pound ($4.03 billion) refurbishment of a key pipeline supplying water from Cumbria to 2.5 million customers in northwest England. Cascade Infrastructure will deliver the project to upgrade Haweswater aqueduct in what could become one of the largest water infrastructure programmes across the UK. …

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Insurer Aegon doubles buyback amount as it mulls moving head office to US

21 Aug 2025

By Mateusz Rabiega (Reuters) -Dutch insurer Aegon on Thursday doubled the planned value of its ongoing share buyback programme to 400 million euros ($466 million), which it aims to conclude by the end of 2025, and said it was studying the possibility of moving its head office into the United States. The group, which also …

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UK’s M&S invests $457 million in robotic warehouse to boost food business

21 Aug 2025

LONDON (Reuters) -British retailer Marks & Spencer will invest 340 million pounds ($457 million) in an automated distribution centre in central England, building capacity to support its ambition to double the size of its food business, it said on Thursday. M&S, which is recovering from a cyberattack in April which crippled its online operations, said …

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Poland’s Orlen Q2 profit jumps as upstream gains offset write-downs

21 Aug 2025

GDANSK (Reuters) -Polish energy group Orlen on Thursday reported a near 74% rise in its second-quarter profit, with a strong upstream performance helping to offset the impact of lower refining margins and asset write-downs. The company’s core profit adjusted for changes in value of its oil inventories, or EBITDA LIFO, reached 7.72 billion zlotys ($2.12 …

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