Reuters UK Business Archives - Page 618 of 3179

Prysmian wins $446 million contract with Italian power grid operator Terna

28 Jul 2025 28 Jul 2025

(Reuters) -Italy’s Prysmian has secured a deal with a potential total value of 382.5 million euros ($446.3 million) to supply and maintain high-voltage cables for national power network operator Terna, Prysmian said on Monday. The three-year contract, which can be extended by one year by Terna, commits the operator to acquire at least 50 km …

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MFE bid for ProSieben must not negatively impact Germany, says Berlin

28 Jul 2025 28 Jul 2025

BERLIN (Reuters) -MFE-MediaForEurope (MFE)’s bid for ProSiebenSat.1 must not negatively impact Germany, a government spokesperson said on Monday. “A majority shareholding by MFE should not lead to a restriction of journalistic and economic independence and should not jeopardise Germany as a business location,” the spokesperson said. “Media power is never neutral – whoever buys it …

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UK retail downturn stretches into 10th month, CBI says

28 Jul 2025 28 Jul 2025

LONDON (Reuters) -A downturn in British retail sales extended into its 10th month in July as rising prices weighed on consumers, although the pace of the fall was less severe than in June, a Confederation of British Industry survey showed on Monday. The CBI’s monthly gauge of how retail sales compared with a year earlier …

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Ukraine signs first Transbalkan gas deal with Azerbaijan’s SOCAR

28 Jul 2025 28 Jul 2025

KYIV (Reuters) -Ukraine’s state-owned oil and gas major Naftogaz has signed its first deal with Azerbaijan’s SOCAR to import a small volume of Azeri-origin natural gas via the Transbalkan route, it said on Monday. “For the first time, a test shipment of gas is being delivered through the Transbalkan route along the Bulgaria–Romania–Ukraine corridor,” Naftogaz …

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Analysis-Out-gunned Europe accepts least-worst US trade deal

28 Jul 2025 28 Jul 2025

By Mark John LONDON (Reuters) -In the end, Europe found it lacked the leverage to pull Donald Trump’s America into a trade pact on its terms and so has signed up to a deal it can just about stomach – albeit one that is clearly skewed in the U.S.’s favour. As such, Sunday’s agreement on …

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UK’s STV warns of annual profit miss on subdued ads market, shares plunge

28 Jul 2025 28 Jul 2025

(Reuters) -British digital media firm STV Group warned on Monday that annual revenue and profit would fall short of market expectations due to a worsening advertising market, sending its shares to a more than 12-year low. Shares fell over 24% – biggest percentage drop since November 2007 – to 145.4 pence. STV has two divisions, …

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VW’s Skoda posts 12% profit rise in H1 as electric sales grow

28 Jul 2025 28 Jul 2025

PRAGUE (Reuters) -Skoda Auto, a Volkswagen unit, increased the share of electric vehicles in its sales mix in the first half of the year and posted a nearly 12% rise in operating profit to 1.3 billion euros ($1.52 billion), it said on Monday. The Czech carmaker’s revenue for the first six months rose nearly 12% …

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Audi cuts forecast over US tariffs and restructuring costs

28 Jul 2025 28 Jul 2025

By Amir Orusov (Reuters) -German automaker Volkswagen’s premium brand Audi lowered its full-year financial guidance on Monday, citing the impact of higher U.S. import tariffs and ongoing restructuring costs. The Ingolstadt-based company now expects revenue of between 65 billion euros and 70 billion euros ($76 billion and $82 billion), down from its previous forecast of …

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UK’s Oxford Biomedica sees first-half sales surging on strong order book

28 Jul 2025 28 Jul 2025

(Reuters) -British cell and gene therapy manufacturer Oxford Biomedica said on Monday it expects first-half sales to jump around 40% as orders remain strong, and maintained its annual forecasts for revenue and profit. Oxford Biomedica, which provides contracting services to pharmaceutical firms, said it signed new contracts worth about 149 million pounds ($200 million) in …

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Spain’s Iberdrola creates data centre joint venture with Ireland’s Echelon

28 Jul 2025 28 Jul 2025

MADRID (Reuters) -Europe’s largest utility Iberdrola and Ireland-based data centre operator Echelon are creating a joint venture to develop and operate data centres in Spain, the Spanish firm said on Monday. Iberdrola sees booming demand for data centres as one of the main drivers of future growth both for its grids and renewable energy businesses. …

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