Reuters UK Business

Dubai’s Sidara weighs lowering Wood Group offer after UK regulator’s probe, FT reports

24 Jul 2025

(Reuters) -Dubai-based Sidara is considering reducing the price of its takeover bid for Wood Group, as Britain’s financial regulator has launched a probe into the oilfield services provider, the Financial Times reported on Thursday. It is not clear by how much Sidara might reduce the price, the report said. The company is concerned about legal …

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Italy’s ACEA restates 2024 results, raises guidance to reflect energy unit sale

24 Jul 2025

(Reuters) -Italian utility ACEA raised its forecast for 2025 core profit growth to between 6% and 8% on Thursday, compared to a previously guided 2-3% increase, after restating last year’s results in light of the upcoming sale of its energy arm. In June, the Rome-based utility said it would sell ACEA Energia to larger peer …

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UK trading platform IG Group tops profit forecast on market volatility

24 Jul 2025

By Yamini Kalia (Reuters) -British online trading platform IG Group reported a forecast-beating 17% rise in full-year pretax profit on Thursday, driven by a surge in trading volumes amid recent market turbulence, sending shares up more than 6%. Firms such as IG Group and Plus500 have benefited from a pickup in trading volumes in recent …

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Serbia seeks extension of US sanctions waiver for oil firm NIS, minister says

24 Jul 2025

(In paragraph 3, corrects pronoun used to ‘she’ from ‘he’) (Reuters) -Serbia has sought an extension from the United States on a sanctions waiver for Russian-owned Serbian oil company NIS for an additional 180 days, Serbia’s mining and energy minister said on Thursday. “In the past month, as well as in the entire period since …

Serbia seeks extension of US sanctions waiver for oil firm NIS, minister says Read More »

Finland’s Neste tops earnings forecast on soaring SAF sales

24 Jul 2025

(Reuters) -Finnish biofuel maker and oil refiner Neste reported stronger than expected core earnings for the second quarter driven by soaring sales of sustainable aviation fuel (SAF), sending its shares rising. Neste’s comparable quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) rose 42% from a year earlier to 341 million euros ($401 million). Analysts …

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Roche considering selling drugs directly to US patients, CEO says

24 Jul 2025

By Bhanvi Satija and Maggie Fick LONDON (Reuters) -Roche is considering selling its prescription medicines in the U.S. directly to consumers to lower costs for patients as part of talks with the U.S. government, which is pressuring drugmakers to cut prices, Roche’s CEO said on Thursday. A direct-to-consumer (DTC) model would work for all of …

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Russia says rising tariffs threaten US and global economy

24 Jul 2025

MOSCOW (Reuters) -Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that rising trade tariffs carried risks for the economy of the United States and the whole world. Zakharova was commenting on U.S. trade policy under President Donald Trump, who has aggressively raised tariffs on countries exporting to the U.S. Trump last week also threatened …

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Sterling poised to end 3-day rally vs dollar on economic, tax concerns

24 Jul 2025

By Stefano Rebaudo (Reuters) -Sterling was set to snap a three-day winning streak against the dollar on Thursday, pressured by concerns over the UK economy and potential tax hikes. Progress in U.S. trade talks with key partners eased investor worries about a global trade war, sparking a rally in risk assets and lifting the pound …

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Wizz Air to resume Israeli flights next month as it quits Abu Dhabi

24 Jul 2025

By Joanna Plucinska LONDON (Reuters) -Budget carrier Wizz Air plans to return to full-capacity in Israel by September as it positions itself as the largest inbound carrier into the country, Chief Executive Jozsef Varadi told Reuters on Thursday. The Hungary-founded airline earlier announced first quarter profit below expectations as a result of plane groundings, and …

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Reckitt lifts revenue outlook on strong Asia growth, shares surge

24 Jul 2025

By Yadarisa Shabong (Reuters) -Consumer goods company Reckitt raised its annual revenue forecast on Thursday after second-quarter net sales growth topped expectations, sending shares soaring, as strength in China and India offset weakness in North America and Europe. Shares jumped as much as 11% to their highest level since early 2024 and were among the …

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