Reuters UK Business Archives - Page 713 of 3179

France joins European push for satellite internet on trains

4 Jul 2025 4 Jul 2025

By Gianluca Lo Nostro (Reuters) -France’s state-owned rail company SNCF will launch a tender soon to add satellite internet to its trains, becoming the latest European rail operator to explore space-based systems for onboard connectivity. In a statement to Reuters, SNCF said on Friday it was pursuing an “innovative approach to strengthen connectivity and resilience” …

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European shares fall as banks, mining stocks losses weigh

4 Jul 2025 4 Jul 2025

By Sukriti Gupta and Shashwat Chauhan (Reuters) -European shares ended lower on Friday as losses in banks and mining-related stocks weighed, with focus now shifting to the July 9 deadline for trading partners to reach a deal with the United States. The pan-European STOXX 600 index closed 0.5% lower, clocking a marginal weekly fall. Other …

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UK shares mixed as investors assess fiscal worries, rate cut path

4 Jul 2025 4 Jul 2025

(Reuters) -London’s main stock indexes closed mixed on Friday, with investors assessing domestic fiscal worries and the rate cut path, while weak global investor sentiment persisted ahead of a U.S. tariff deadline. The blue-chip FTSE 100 was unchanged on the day but notched up a second weekly gain, while the domestically-focussed FTSE 250 lost 0.7% …

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Stellantis bets on 17,000 euro hybrid Fiat 500 to revive ailing Italian output

4 Jul 2025 4 Jul 2025

By Giulio Piovaccari TURIN, Italy (Reuters) -Fiat aims to manufacture over 100,000 units per year of its new hybrid 500 small car, a model parent Stellantis bets on to revive its ailing production in Italy, the brand’s head Olivier Francois said on Friday. Stellantis, which was created in 2021 from the merger of Fiat Chrysler …

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Welfare cuts U-turn shows extent of UK’s fiscal challenges, S&P says

4 Jul 2025 4 Jul 2025

By Marc Jones LONDON (Reuters) -The inability of Britain’s government to make cuts to welfare spending this week underscores the extent of the challenges it faces in repairing its finances, credit rating agency S&P Global said on Friday. UK Prime Minister Keir Starmer was forced to scrap 5 billion pounds ($6.83 billion) worth of benefits …

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Germany’s Merz spoke with Trump about buying Patriots for Ukraine

4 Jul 2025 4 Jul 2025

By Miranda Murray and Andreas Rinke BERLIN (Reuters) -German Chancellor Friedrich Merz discussed his country’s offer to buy Patriot air defence systems for Ukraine with U.S. President Donald Trump by phone on Thursday, according to a government spokesperson. Merz initiated the call with Trump to promote arms deliveries to Ukraine, particularly Patriots, after the Pentagon …

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Italy’s Agnelli family approached by suitors for La Repubblica’s publisher

4 Jul 2025 4 Jul 2025

TURIN (Reuters) -Italy’s Agnelli family received several expressions of interest for GEDI, the publisher of Italian dailies La Repubblica and La Stampa, but no deal has been reached, a spokesperson for the family’s holding company EXOR said on Thursday. Italian newspaper Il Foglio reported that EXOR, which also is the single largest shareholder in carmaker …

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Exclusive-Russia’s VTB to gain billions of roubles if interest rates come down, CFO says

4 Jul 2025 4 Jul 2025

By Elena Fabrichnaya ST PETERSBURG, Russia (Reuters) -Every 1% cut in central bank interest rates gives Russia’s VTB Bank an extra 20 billion roubles ($250 million) in net profit, CFO Dmitry Pyanov told Reuters, which benefits the government as the state-owned lender plans to distribute 50% of its profits via dividends – half of it …

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Italy’s Credem bank chief Angelo Campani dies suddenly aged 62

4 Jul 2025 4 Jul 2025

MILAN (Reuters) -The head of Italian regional bank Credem, Angelo Campani, died on Friday aged 62, the bank said, adding that it had convened a board meeting for July 9. The country’s sixth-largest listed bank, worth 4.2 billion euros ($4.95 billion), said that in the meantime its operational continuity would be ensured by assigning Campani’s …

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France’s Avril signs deal to buy rapeseed plant from Valtris

4 Jul 2025 4 Jul 2025

PARIS -French agrifood group Avril said on Friday it had signed an exclusivity agreement with U.S.-based Valtris Specialty Chemicals to acquire a rapeseed processing plant in eastern France, amid growing consolidation among European rivals. The facility processes around 400,000 metric tons of rapeseed annually, focusing on crushing, refining, and biodiesel production, Avril said in a …

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