Reuters UK Business

(Reuters) -Spotify said on Monday it would increase monthly price of its premium individual subscription in select markets from September, as the Swedish streaming giant looks to improve margins. The company’s shares jumped nearly 8%. They have gained about 40% so far this year. The subscription price will rise to 11.99 euros ($13.86) per month …

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By Iain Withers LONDON (Reuters) -Shares in British lenders surged on Monday after a Supreme Court ruling on motor finance claims last week went largely in their favour, although it still left banks facing billions of pounds of potential compensation claims collectively. Lloyds Banking Group shares jumped 7%, on track for its biggest daily gain …

British bank shares jump after Supreme Court ruling on car loan claims Read More »

By Isabel Demetz (Reuters) -Swiss luxury watchmakers’ shares, including Richemont and Swatch, were volatile in early trade on Monday, reflecting the challenge for the industry after U.S. President Donald Trump set a 39% tariff on Swiss imports. The sector, which exported watches worth 26 billion Swiss francs ($33 billion) in 2024, is already under pressure …

Swiss luxury watchmakers’ shares drop after Trump tariff shock Read More »

ZURICH (Reuters) -UBS on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked investments by Credit Suisse in the United States. On August 1, Credit Suisse Securities entered into an agreement with the U.S. Department of Justice to resolve all of Credit Suisse’s outstanding consumer relief obligations …

UBS to pay $300 million to resolve US mortgage securities cases Read More »

(Reuters) -Amphenol on Monday entered a $10.5 billion deal to buy CommScope’s connectivity and cable solutions unit, the largest purchase by the fibre-optic cable maker that would make it a key player in the market for U.S. wireless infrastructure. The all-cash deal would help Amphenol to capitalize on the rising demand for artificial intelligence applications …

Amphenol to buy CommScope unit in $10.5 billion broadband connectivity deal Read More »

By William James LONDON (Reuters) -Britain’s Financial Conduct Authority (FCA) on Sunday proposed a redress scheme for consumers with motor finance compensation claims following last week’s Supreme Court ruling, estimating the cost at between 9 billion and 18 billion pounds ($12 billion and $24 billion). Friday’s court decision had calmed the industry’s worst fears about …

UK’s FCA proposes 9 billion to 18 billion pound redress scheme for motor finance claims Read More »

FRANKFURT (Reuters) -German biotech firm BioNTech on Monday said that second-quarter revenues more than doubled to 261 million euros ($302 million), driven by higher revenues from its COVID-19 vaccine collaboration with Pfizer. The company’s quarterly net loss came in at 387 million euros, an improvement over a net loss of 808 million in the year-earlier …

BioNTech’s Q2 revenues double on higher COVID vaccine sales Read More »