Reuters UK Business Archives - Page 67 of 3179

BT launches sovereign data platform for business and public sector

4 Dec 2025 4 Dec 2025

LONDON, Dec 4 (Reuters) – Britain’s BT launched a sovereign data platform for its public-sector and business customers on Thursday to store and process their data in the country, responding to increasing demand for higher levels of resilience. Data sovereignty is a growing issue for companies and governments as the threat of cyberattacks escalates, regulation …

BT launches sovereign data platform for business and public sector Read More »

Balfour Beatty sees 20% order book jump in 2025 on UK power generation demand

4 Dec 2025 4 Dec 2025

Dec 4 (Reuters) – British construction and infrastructure group Balfour Beatty said on Thursday its order book would grow by around 20% in 2025, boosted by more than 3.5 billion pounds ($4.67 billion) of new power generation orders in the year. The company said it is on track to meet its full-year expectations with underlying …

Balfour Beatty sees 20% order book jump in 2025 on UK power generation demand Read More »

ECB will stick to G7 stance on FX, Cipollone says on chance of Japan intervention

4 Dec 2025 4 Dec 2025

TOKYO, Dec 4 (Reuters) – The European Central Bank will stick to the G7 communique’s language on exchange rates, Piero Cipollone, a member of its executive board, told the Nikkei newspaper when asked whether it would accept any decision by Japan to conduct currency intervention. “The G7 communique on exchange rates uses very clear language. …

ECB will stick to G7 stance on FX, Cipollone says on chance of Japan intervention Read More »

Codelco and Glencore agree to partner on Chilean smelter project

4 Dec 2025 4 Dec 2025

SANTIAGO, Dec 3 (Reuters) – Chile’s state-run copper producer Codelco and Glencore, a Swiss trader and miner, have signed an initial agreement to collaborate on a smelter project in Chile, the companies said on Wednesday. The deal calls for Codelco to provide copper concentrate and for Glencore to build the smelter in the key mining …

Codelco and Glencore agree to partner on Chilean smelter project Read More »

Glencore to restart production at Alumbrera copper mine in Argentina

4 Dec 2025 4 Dec 2025

BUENOS AIRES, Dec 3 (Reuters) – Glencore plans to restart operations at its Alumbrera copper mine in Argentina by the end of next year, it said on Wednesday, after it became the last to produce the red metal in the country before shuttering the site in 2018. Alumbrera, in the northern province of Catamarca, will …

Glencore to restart production at Alumbrera copper mine in Argentina Read More »

Billionaires are inheriting record levels of wealth, UBS report finds

4 Dec 2025 4 Dec 2025

ZURICH, Dec 4 (Reuters) – The spouses and children of billionaires inherited more wealth in 2025 than in any previous year since reporting began in 2015, according to UBS’s Billionaire Ambitions Report published on Thursday. In the 12 months to April, 91 people became billionaires through inheritance, collectively receiving $298 billion, up more than a …

Billionaires are inheriting record levels of wealth, UBS report finds Read More »

UK investors’ stock selling spree extends to nearly $14 billion, data shows

4 Dec 2025 4 Dec 2025

By Iain Withers LONDON, Dec 4 (Reuters) – British investors were net sellers of stocks for a record-extending sixth consecutive month in November, data from funds network Calastone showed on Thursday, as fears the government would cut tax advantages for investments in its closely-watched budget contributed to the cash-out. Net outflows from equity funds in …

UK investors’ stock selling spree extends to nearly $14 billion, data shows Read More »

Eramet eyes manganese, lithium growth in turnaround plan

4 Dec 2025 4 Dec 2025

PARIS, Dec 4 (Reuters) – Eramet aims to deliver more manganese from Gabon and lithium from Argentina as part of efforts to strengthen its finances, which have been hit by falling profits and rising debt, the French mining group said on Thursday. The company, pressured by weak metal prices, production setbacks and the buyout of …

Eramet eyes manganese, lithium growth in turnaround plan Read More »

UK’s Frasers says market conditions tough but keeps profit outlook

4 Dec 2025 4 Dec 2025

LONDON, Dec 4 (Reuters) – Frasers, the British sportswear and fashion retailer that is majority owned by Mike Ashley, reaffirmed its full-year profit forecast despite what it called tough market conditions. Profit for the six months to October 26 fell by 2.8% to 291 million pounds ($388 million) said Frasers, which owns Flannels and Sports …

UK’s Frasers says market conditions tough but keeps profit outlook Read More »

Japanese investors sue Switzerland over Credit Suisse’s AT1 write-down, law firm says

4 Dec 2025 4 Dec 2025

ZURICH, Dec 4 (Reuters) – A group of Japanese investors has sued Switzerland over write-downs of Additional Tier 1 (AT1) hybrid bonds of fallen lender Credit Suisse, law firm Drew & Napier, which represents them said on Thursday. The 184 investors filed an arbitration request with the International Centre for Settlement of Investment Disputes, or …

Japanese investors sue Switzerland over Credit Suisse’s AT1 write-down, law firm says Read More »