Reuters UK Business

(Reuters) -Tesla’s new car registrations in Britain and Germany, Europe’s biggest auto markets, more than halved in July from a year earlier, as CEO Elon Musk’s political views deter buyers and the company grapples with regulatory challenges. Competition has also increased and sales of EVs made by China’s BYD rose nearly five-fold in Germany and over four-fold …

Elon Musk’s politics hit Tesla sales in Europe’s biggest car markets Read More »

By Linda Pasquini (Reuters) -Fashion group Hugo Boss beat quarterly profit expectations on Tuesday despite warning of weak global demand, and said its flexible supply chain and lower U.S. exposure than many rivals meant it could cope with import tariffs there. The German company said weak consumer sentiment globally was leading to fewer store visits …

Hugo Boss confident it can cushion US tariff blow Read More »

By David Milliken LONDON (Reuters) -Britain’s main minimum wage rate will probably need to rise 4.1% next year to 12.71 pounds ($16.88) an hour to keep up with the government’s goal for it to match two-thirds of median earnings, the body which effectively sets the rate said on Tuesday. Britain’s minimum wage has risen steeply …

UK pay body expects minimum wage to rise 4.1% in 2026 Read More »

By Raechel Thankam Job (Reuters) -Travis Perkins reported a reversal in market share losses in the first half and maintained its annual outlook despite a fall in profits amidst a construction market downturn, sending its shares 8% higher. The performance was reassuring given concerns about fragile consumer confidence and a sluggish UK economy weighing on …

Travis Perkins signals market share recovery, shares surge Read More »

By Ilona Wissenbach and Joanna Plucinska FRANKFURT/LONDON (Reuters) -Lufthansa has abandoned its plan to bid for a stake in Spanish airline Air Europa, a spokesperson for the German group said on Tuesday, only a week after Air France-KLM announced it was also dropping out of the process. That leaves Turkish Airlines as the only known …

Exclusive-Lufthansa abandons process to buy stake in Spain’s Air Europa Read More »

By Forrest Crellin PARIS (Reuters) -Some of Europe’s ageing coal and gas fired power plants can look forward to a more high-tech future as big tech players, such as Microsoft and Amazon, seek to repurpose them as data centres, with ready-made access to power and water. Companies such as France’s Engie, Germany’s RWE, and Italy’s …

Analysis-Europe’s old power plants to get digital makeover driven by AI boom Read More »

By Hakan Ersen and Miranda Murray BERLIN (Reuters) -German chipmaker Infineon slightly raised its full-year profit guidance on Tuesday after reporting stronger-than-expected quarterly earnings, and said global semiconductor markets had begun to recover despite lingering tariff concerns. It said it was well-placed to take advantage of the increase in semiconductor demand, including from the car …

Infineon lifts profit outlook as semiconductor market revives Read More »

By Jan Strupczewski and Julia Payne BRUSSELS (Reuters) -The European Union still expects turbulence in trade relations with Washington, but it believes it has a good insurance policy thanks to a framework deal that covers most goods it exports to the U.S. by a maximum 15% tariff, an EU official said. With the new rates …

EU still expects turbulence in trade relations with US Read More »