Reuters UK Business

Bayer adds cancer drug candidate to portfolio with $1.3-billion Kumquat deal

12 Aug 2025

BERLIN (Reuters) -German pharmaceutical group Bayer announced on Tuesday a deal worth up to $1.3 billion with Kumquat Biosciences to develop the U.S.-based oncology specialist’s potential new cancer drug. Under the agreement, Kumquat will be responsible for initiating and completing a phase-Ia study into the drug, a KRAS G12D inhibitor, while Bayer will complete development …

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UK hiring falls but wage growth stays high, highlighting BoE rates quandary

12 Aug 2025

By William Schomberg and Suban Abdulla LONDON (Reuters) -Britain’s jobs market has weakened again, official data showed, with payrolls falling for a sixth month and vacancies dropping further, but wage growth stayed strong, underscoring why the Bank of England is so cautious about cutting interest rates. With the central bank’s policymakers split over the risks …

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PageGroup’s interim profit tumbles on persistent weak hiring

12 Aug 2025

(Reuters) -British recruiter PageGroup’s first-half profit tumbled 99% from a year earlier, as persistent macroeconomic uncertainty and tariff concerns dampened hiring activity, particularly in its top two markets, France and Germany. The company, however, expects its annual profit to come in line with market expectations, as outlined in a trading update last month. On Tuesday, …

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French nuclear power production expected to be reduced on Wednesday

12 Aug 2025

PARIS (Reuters) -Power production at France’s Bugey 3 nuclear reactor in the east of the country is expected to be reduced by 500 megawatts (MW) on Wednesday, data from operator EDF showed on Tuesday, as high river temperatures reduce the plant’s ability to intake cooling water. A heatwave throughout France has led to multiple warnings …

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Poland’s BNP Paribas BP beats profit expectations in Q2

12 Aug 2025

GDANSK (Reuters) -The Polish unit of BNP Paribas reported a second-quarter net profit of 733.8 million zlotys ($200.4 million) on Tuesday, beating a company-provided consensus of 642 million zlotys, mirroring an upbeat release from its French parent in July.  The result was driven by a rise in net interest income and lower administrative costs, which …

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K+S posts Q2 revenue miss as sales volume falls

12 Aug 2025

(Reuters) -German salt and potash miner K+S reported second quarter revenues which were below expectations on Tuesday as sales volume at its agriculture business were affected by logistical challenges. The Hessian-based firm posted second quarter revenue of 871 million euros ($1.01 billion), nearly six percent below analysts expectations according to a poll by Vara research. …

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Debt market jitters signal caution for high-flying stocks

12 Aug 2025

By Naomi Rovnick LONDON (Reuters) -Investors are backing out of or taking active bets against high-priced corporate credit, where they anticipate a correction in response to signs of slowing economic growth that could eventually impact stocks. In interviews and client research, global asset managers and some of the world’s biggest banks cautioned that credit pricing …

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UK consumers spent more on clothes as temperatures soared in July, data shows

12 Aug 2025

LONDON (Reuters) -British consumers raised their spending in July as unusually warm weather at the start of the month boosted clothing sales but demand cooled along as temperatures dropped and some of the increase reflected higher food prices. The British Retail Consortium – representing mostly larger stores – said on Tuesday that spending was 2.5% …

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Britain’s M&S restores click and collect services 15 weeks after systems hacked

11 Aug 2025

By James Davey LONDON (Reuters) -British retailer Marks & Spencer has resumed taking click and collect orders for clothing after a nearly four-month hiatus following a cyber hack and data theft that impacted its earnings during the period, sending its shares higher. The 141-year-old M&S stopped taking orders through its website and app for clothing …

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