Reuters UK Business

By Lucy Raitano LONDON (Reuters) -A rout in shares of European companies embracing artificial intelligence deepened this week, as powerful new AI models raise questions about whether sectors from software to data analytics could find themselves overtaken by the technology. European software stocks, including Germany’s SAP and France’s Dassault Systemes, tumbled on Tuesday as worries …

Analysis-Powerful new AI models knock the wind out of European adopter stocks Read More »

(Reuters) -Rusal reported a first-half net loss on Friday, as rising costs, higher interest expenses and foreign exchange fluctuations weighed on the Russian aluminium producer’s earnings. The Hong Kong-listed company, the world’s largest aluminium maker outside China, swung to a net loss of $87 million for the six-month period ended June 30, from a profit …

Russian aluminium giant Rusal swings to first-half loss as expenses surge Read More »

LONDON (Reuters) -The British arm of German discount supermarket Lidl is to give its 28,000 hourly paid workers a fifth pay rise in two years, matching the increased level offered by rival Aldi, it said on Friday. The Bank of England is keeping a close eye on wage settlements as it assesses whether to lower …

Lidl’s British workers get fifth pay rise in two years Read More »

By Carolina Mandl NEW YORK (Reuters) -Michael Burry’s Scion Asset Management ended the first quarter more bullish on companies across different sectors and geographies, a securities filing showed on Thursday, after betting against Chinese companies previously as the Trump administration considered imposing tariffs.  Burry, known as the “Big Short” investor for his prescient calls ahead …

‘Big Short’ investor Burry turned more bullish on second quarter Read More »

(Refiles to delete extraneous words from headline) NEW YORK (Reuters) -Activist investor Cevian Capital raised its share stake in bank UBS by 9.9% in the second quarter, according to a regulatory filing on Thursday. Cevian ended June with 48.1 million shares worth $1.63 billion in its portfolio. The fund first disclosed a stake in the …

Cevian Capital raised share stake in UBS Group by 9.9% in Q2 Read More »