Reuters UK Business

UK office space provider IWG expects annual profit towards lower end of forecast

19 Aug 2025

(Reuters) -British office space provider IWG said on Tuesday it expects annual adjusted core profit to be towards the lower end of its forecast, sending shares 15% lower, despite an increased buyback target and higher first-half profit. The company reiterated its overall forecast for adjusted core profit at $525 million to $565 million for the …

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UK’s Applied Nutrition shares surge as revenue forecast beat expectations

19 Aug 2025

(Reuters) -Shares of Applied Nutrition rose 12% on Tuesday after the British supplements maker forecast revenue for its fiscal year 2025 and 2026 to exceed market expectations amid global expansion. The company, which went public in October 2024 in one of the largest London IPOs of that year, said it expects annual revenue to rise 24% to …

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UK’s Assura’s chairman steps down amid PHP takeover 

19 Aug 2025

(Reuters) -British healthcare real estate investor Assura said on Tuesday Ed Smith has stepped down as chairman of the board after seven years in the role and would be replaced by senior non-executive director Jonathan Davies.  Smith’s departure comes just a week after Primary Health Properties won a heated $2.4 billion takeover battle for Assura. …

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UK economy was a bit bigger than thought at end of 2023, ONS says

19 Aug 2025

LONDON (Reuters) -Britain’s economy at the end of 2023 is now estimated to have been 2.2% bigger than its peak immediately before the coronavirus pandemic, up slightly from a previous estimate of 1.9%, the Office for National Statistics said on Tuesday. The ONS said the revision followed a regular update to the way it calculates …

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UK motor finance ruling could fuel M&A

19 Aug 2025

By Charlie Conchie LONDON (Reuters) -A ruling from the United Kingdom’s top court that will likely save car finance companies billions in compensation payouts could clear the way for a wave of consolidation in the sector. The Supreme Court this month overturned much of a lower court ruling on car loan sales practices, leading some …

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Steelmaker ArcelorMittal reports explosion at Mexico plant, none injured

19 Aug 2025

MEXICO CITY (Reuters) -A strong explosion rocked steelmaker ArcelorMittal’s facilities in the Pacific town of Lazaro Cardenas in Mexico on Monday, the firm said. No injuries were reported and material damages were still being assessed, ArcelorMittal said in a statement. The cause of the explosion was under investigation. (Reporting by Kylie Madry; Editing by Brendan …

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Italy’s Mediobanca gets ECB approval for Banca Generali deal

18 Aug 2025

MILAN (Reuters) -Italy’s merchant bank Mediobanca received European Central Bank approval on Monday to buy private bank Banca Generali and create Italy’s second-largest wealth manager, as it seeks to thwart a takeover bid from Monte dei Paschi di Siena. The ECB has also approved the acquisition of direct and indirect shareholdings that together amount to …

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Weinstein’s Saba Capital bulks up hedge fund talent with hire from Millennium

18 Aug 2025

By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund manager Boaz Weinstein, best known for his winning bet against the JPMorgan Chase trader known as the London Whale, is hiring two senior partners as his firm, Saba Capital Management, plans to expand into quantitative credit trading. New York-based Saba, which invests $6 billion on behalf of …

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Novo Nordisk offers Ozempic at $499 per month to eligible US cash-paying customers

18 Aug 2025

By Sneha S K (Reuters) -Novo Nordisk said on Monday it was offering its diabetes drug Ozempic for $499 per month to eligible cash-paying patients with type 2 diabetes in the U.S. via its own pharmacy, a tie-up with telehealth service GoodRx and other platforms. U.S.-listed shares of the Danish drugmaker were up 5.3%, while …

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Soho House to go private in $2.7-billion deal, actor Ashton Kutcher to join board

18 Aug 2025

By Aatreyee Dasgupta (Reuters) -Soho House is going private in a $2.7-billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles that erased nearly half of the high-end members club operator’s value since its 2021 debut. Its shareholders will get $9 per share, a 17.8% premium to the last …

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