Reuters UK Business

ANZ CEO orders strategic review to assess underperforming businesses, cut costs

8 Aug 2025

By Scott Murdoch SYDNEY (Reuters) -ANZ Group Chief Executive Nuno Matos has ordered a strategic review to help boost the bank’s financial performance, productivity and bring down costs, according to a note sent to staff on Friday. ANZ, Australia’s fourth-largest bank by market value, has seen its performance questioned by investors and analysts amid intense …

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Russia ships first naphtha cargo to Vietnam, data shows

8 Aug 2025

MOSCOW/SINGAPORE (Reuters) -Russia has shipped its first naphtha cargo to Vietnam, as it looks for new buyers to support sales hit by Western sanctions, data from traders and shipbrokers showed. According to LSEG and Vortexa shipping data, the Malta-flagged tanker Northernlight loaded around 60,000 metric tons of naphtha in the Russian Baltic port of Vysotsk …

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Judge dismisses US consumer watchdog lawsuit against Experian

8 Aug 2025

By Christian Martinez (Reuters) -A lawsuit filed by the Consumer Financial Protection Bureau against credit rating giant Experian over credit report accuracy was dismissed on Wednesday, according to a court filing. The lawsuit, filed by the agency in January under the Biden administration, alleged that Ireland-based Experian had failed American consumers who had challenged the …

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Russia’s Gazprom denounces Moldova move to alter gas supply system

8 Aug 2025

(Reuters) -Russian gas giant Gazprom on Thursday denounced a move by Moldova’s gas authority to withdraw the licence from its local subsidiary for distributing gas, saying the move damaged its affiliate and jeopardised Moldova’s energy security. Moldova’s gas regulator, the National Agency for Energy Regulation, this week said the licence to distribute gas had been …

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UK to give financial incentives to households near new electricity pylons

7 Aug 2025

LONDON (Reuters) -Britain could offer households located near new electricity pylons a discount of up to 250 pounds ($334) a year on their bills, the government said on Thursday, as it seeks to encourage acceptance of infrastructure needed to upgrade the grid. Britain plans to largely decarbonise its electricity sector by 2030 which will require …

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FanDuel owner raises profit forecast as gamblers’ winning streak ends

7 Aug 2025

By Padraic Halpin DUBLIN (Reuters) -FanDuel-owner Flutter raised its forecast for full-year profit growth on Thursday after a six-month-long winning streak for U.S. gamblers swung sharply back in the favour of bookmakers during a better-than-expected second quarter. Bookmakers tend to suffer when favourites win and Flutter, the world’s largest online betting company, cut its U.S. …

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BHP, Vale offer $1.4 billion settlement in UK lawsuit over Brazil dam disaster, FT reports

7 Aug 2025

(Reuters) -Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil’s worst-ever environmental disasters, the Financial Times reported on Thursday. The lawsuit stems from the collapse in 2015 of the Mariana dam in southeastern Brazil, owned and operated by …

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