Reuters UK Business

Oil price structure narrows, premiums fall as supplies rise, summer demand ends

14 Aug 2025

By Florence Tan, Georgina McCartney and Robert Harvey SINGAPORE/HOUSTON/LONDON (Reuters) -Premiums for prompt benchmark oil prices globally are falling compared with those in future months on rising output from the Middle East, Latin America and Europe, just as peak summer demand ends, traders and analysts said on Thursday. Easing concerns that the U.S. could impose …

Oil price structure narrows, premiums fall as supplies rise, summer demand ends Read More »

Game catalogue softness thumps Embracer’s earnings and forecasts, shares tumble

14 Aug 2025

(Reuters) -Swedish gaming company Embracer reported a first-quarter operating profit and forecast annual earnings well below market expectations on Thursday, hit by catalogue softness in PC and console games. That softness was due to launches of competing games that took up players’ time and attention in the quarter, leading to a slowdown in gamer acquisition …

Game catalogue softness thumps Embracer’s earnings and forecasts, shares tumble Read More »

Norway oil industry investment set to peak in 2025, survey finds

14 Aug 2025

OSLO (Reuters) -Norwegian oil and gas investments are expected to peak this year, and start declining next year as major projects are completed, a statistics office survey of industry players showed on Thursday. Norway produces about 2% of global oil, and became Europe’s largest supplier of pipeline gas after Russia’s invasion of Ukraine in February …

Norway oil industry investment set to peak in 2025, survey finds Read More »

Centrica, Energy Capital Partners to buy National Grid’s LNG terminal for $2 billion

14 Aug 2025

(Reuters) -British Gas owner Centrica will jointly buy National Grid’s Grain LNG terminal with U.S.-based infrastructure investor Energy Capital Partners (ECP), it said on Thursday, for an enterprise value of about 1.5 billion pounds ($2.04 billion). The LNG terminal, owned and operated by a National Grid subsidiary, is located on the Isle of Grain in …

Centrica, Energy Capital Partners to buy National Grid’s LNG terminal for $2 billion Read More »

Investors adopt “higher for longer” view on ECB rates

14 Aug 2025

By Stefano Rebaudo and Linda Pasquini (Reuters) -Investors are increasingly pricing in a “higher for longer” interest rate environment in the euro zone, with a potential cut in March seen as a temporary blip before borrowing rates climb back above 2%. A number of market-based measures of rate expectations indicate that investors are growing less …

Investors adopt “higher for longer” view on ECB rates Read More »

Diploma’s finance chief steps down over conduct issues

14 Aug 2025

(Reuters) -Britain’s Diploma PLC said on Thursday that finance chief Chris Davies has stepped down after nearly three years in the role due to personal conduct issues, and the company has appointed named Wilson Ng as acting group CFO. Diploma, a technical products and service distributor, said Davies’ decision to resign came after a recent …

Diploma’s finance chief steps down over conduct issues Read More »

French consumer inflation confirmed at 0.9% in July

14 Aug 2025

(Reuters) -Consumer price inflation in France was stable in July and met analysts’ expectations and the preliminary reading, statistics office INSEE said on Thursday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, was +0.9% year-on-year in July, INSEE said. A poll of 17 analysts surveyed by Reuters had on average expected …

French consumer inflation confirmed at 0.9% in July Read More »

Insurer Admiral’s half-year profit jumps 67% on strong UK motor insurance business

14 Aug 2025

(Reuters) -British insurer Admiral Group reported a 67% jump in half-year pretax profit on Thursday, underpinned by competitive pricing and strong performance in its core UK motor insurance arm. The company, which sold its U.S. motor insurance business in April, logged 516.1 million pounds ($700.81 million) of group pretax profit for the six-month period ended …

Insurer Admiral’s half-year profit jumps 67% on strong UK motor insurance business Read More »

Swiss Re posts 24% increase in 6-month profit, maintains targets

14 Aug 2025

(Corrects renewals in paragraph 5 to a net decrease, not increase, which is in line with decreases at competitors, not in contrast to competitors) FRANKFURT (Reuters) -Reinsurance company Swiss Re said on Thursday that net profit for the first half of 2025 rose a better-than-expected 24%, and it maintained its targets for the full year. …

Swiss Re posts 24% increase in 6-month profit, maintains targets Read More »

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