Reuters UK Business

(Reuters) -Britain’s FTSE 100 closed higher on Tuesday, led by healthcare shares, as investors assessed mixed corporate updates and awaited the Federal Reserve’s next policy decision on Wednesday. The benchmark index rose 0.6%. Healthcare stocks gained 2.2% after AstraZeneca beat second-quarter revenue and profit expectations. Shares of the drugmaker climbed 3.4%. Heavyweight bank stocks advanced …

Healthcare boosts UK’s FTSE 100 as earnings, Fed meeting in focus Read More »

(Reuters) -Microsoft is in advanced talks for a deal that would give the Windows maker continued access to critical OpenAI technology in the future, Bloomberg News reported on Tuesday, citing two people familiar with the negotiations. The companies have discussed new terms that would allow Microsoft to use OpenAI’s latest models and technology even if …

Microsoft in advanced talks for continued access to OpenAI tech, Bloomberg reports Read More »

(Reuters) -Building materials maker CRH said on Tuesday it has agreed to acquire Eco Material Technologies, a supplier of supplementary cementitious materials, for $2.1 billion to expand its presence in North America. Dublin, Ireland-based CRH operates through two regional divisions Americas and International, of which the Americas business brings in 65% of revenues as per …

Building materials maker CRH to acquire Eco Material for $2.1 billion Read More »

By Giulio Piovaccari MILAN (Reuters) -Stellantis warned on Tuesday of a 1.5-billion-euro ($1.7 billion) hit from U.S. tariffs this year, but pledged new vehicle launches to reconnect with customers as its new CEO tries to get the automaker back on track after a dismal 2024. In his first public appearance as CEO, company veteran Antonio …

Stellantis vows to reconnect with customers as it flags $1.7 billion US tariff hit for 2025 Read More »

PARIS (Reuters) -Renault procurement chief Francois Provost has emerged as the frontrunner to become the French automaker’s next chief executive, Bloomberg reported on Tuesday, citing people familiar with the matter. While no final decision has been made, Renault’s board of directors is due to meet on Wednesday to approve first-half results and discuss the CEO …

Renault procurement chief Provost is frontrunner for CEO job, media reports say Read More »

By Akash Sriram (Reuters) -Robotics startup Skild AI, backed by Amazon.com and Japan’s SoftBank Group, on Tuesday unveiled a foundational artificial intelligence model designed to run on nearly any robot — from assembly-line machines to humanoids. The model, called Skild Brain, enables robots to think, navigate and respond more like humans. Its launch comes amid …

Amazon-backed Skild AI unveils general-purpose AI model for multi-purpose robots Read More »

By Padraic Halpin DUBLIN (Reuters) -Bank of Ireland shares fell 3% on Tuesday after it set aside more money than expected to cover potential losses in its U.S. acquisition finance business in the first half of the year when lower interest rates cut its pre-tax profit by one-third. Ireland’s biggest lender still maintained its guidance …

Bank of Ireland shares fall on U.S. related impairment charge Read More »

LONDON (Reuters) -Standard Chartered has appointed Jason Forrester as its new Chief Risk Officer, the British bank said on Tuesday. Forrester joined the lender five years ago and is currently Co-Head, Chief Risk Officer, Corporate & Investment Banking, it said. Forrester previously worked at Credit Suisse for 21 years, and replaces Sadia Ricke, who is …

StanChart announces new chief risk officer Read More »

By Pushkala Aripaka and Maggie Fick (Reuters) -AstraZeneca has proposed price cuts to its drugs in the United States, its CEO said on Tuesday, days after unveiling a $50 billion investment to expand there, as President Donald Trump pressures pharmaceuticals companies to lower costs. Speaking to journalists after second-quarter revenue and profit beat expectations, CEO Pascal …

AstraZeneca seeks US drug price cuts amid expansion plans, strong demand Read More »