Reuters UK Business

By Ragini Mathur (Reuters) -Britain’s main indexes climbed on Tuesday with broad-based gains, though advances were tempered by losses in defence stocks as investors assessed prospects for a Russia-Ukraine peace deal. The blue-chip FTSE 100 gained 0.3%. The midcap index FTSE 250 rose 0.4%, snapping a three-day losing streak. Market sentiment improved following U.S. President …

London stocks rise but defence shares retreat after Ukraine talks Read More »

(Adds dropped word ‘Centre’ in paragraph 2) By Sam Tabahriti LONDON (Reuters) -Switzerland is considering joining a British-led international task force targeting kleptocrats and recovering stolen assets, it said on Tuesday, as it seeks to shake off its reputation as a haven for dirty money. British foreign minister David Lammy discussed the International Anti-Corruption Coordination …

Switzerland considers joining UK’s ‘dirty money’ task force Read More »

By Puyaan Singh and Kamal Choudhury (Reuters) -Medtronic said on Tuesday it would add two new directors to its board and set up committees to help boost its lagging shares after activist investor Elliott Investment Management emerged as one of its largest shareholders. The medical-device maker said veteran medtech executives John Groetelaars, once interim CEO …

Medtronic to add two new directors after Elliott takes large stake Read More »

By Karol Badohal and Gergely Szakacs WARSAW (Reuters) -Most Ukrainian refugees living in Poland are likely to stay there even if Ukraine reaches a ceasefire deal with Russia, meaning they will continue to prop up the Polish economy, where the public finances remain a key concern, according to Fitch Ratings. Poland, one of Ukraine’s Western …

Ukrainians to keep propping up Poland’s labour market, Fitch says Read More »

(Reuters) -Cryptocurrency firm Tether has appointed former White House crypto policy executive Bo Hines as a strategic adviser to help steer its expansion in the United States, the company said on Tuesday. In his new role, Hines will advise on digital assets and U.S. market strategy, engaging with policymakers and industry groups to strengthen the …

Crypto firm Tether hires ex-White House crypto adviser Bo Hines Read More »

LONDON (Reuters) -Peabody Energy on Tuesday withdrew its $3.78 billion bid for Anglo American’s Australian coking coal assets after failing to cut the price following a mine fire, with the dispute now set for arbitration. Peabody had agreed to acquire the mines in Queensland’s Bowen Basin, the world’s top steelmaking coal region, as the London-listed …

Peabody scraps $3.8 billion bid for Anglo American’s coal mines Read More »

(Reuters) -Chinese electric vehicle maker Xpeng on Tuesday forecast third-quarter revenue would double, betting on surging deliveries of its cars despite challenging economic conditions. The Guangzhou, China-based company’s U.S.-listed shares rose over 4%. Xpeng has been able to drum up demand for its diverse lineup of electric cars, helped by government stimuli to boost customer …

China’s Xpeng expects quarterly revenue to double on strong demand for its EVs Read More »