Reuters UK Business

UK baker Greggs warns of profit dip as heatwave deters customers

2 Jul 2025

(Reuters) -British baker Greggs warned on Wednesday that its annual operating profit could dip below last year’s levels as unusually high temperatures in the UK discourage customers from eating out, sending its shares sinking nearly 15%. An early European heatwave limited outdoor work, shut schools and spurred health alerts across the region on Tuesday, while …

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Cirsa’s Spanish IPO open to investors until July 7 in deal valuing it at nearly $3 billion

2 Jul 2025

MADRID (Reuters) -Blackstone’s Spanish gambling company Cirsa opened its initial public offering to investors on Wednesday and will close it on July 7, a bookrunner said in a document seen by Reuters. The new shares in the company would be allocated to investors on July 7 and would start trading on the Spanish stock market …

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Domino’s Australia franchise CEO steps down, shares hit over 11-year low

2 Jul 2025

By Rajasik Mukherjee and Sameer Manekar (Reuters) -Domino’s Pizza Enterprises said on Wednesday its CEO and managing director, Mark van Dyck, would step down before Christmas this year, sending the Australian franchise operator’s shares plummeting about 16% to their weakest in over 11 years. Van Dyck, a former Coca-Cola executive, took over from the franchise …

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UK’s Secure Trust Bank to stop new lending in vehicle finance

2 Jul 2025

(Reuters) -Britain’s Secure Trust Bank said on Wednesday it would stop new lending in vehicle finance, signalling a strategic shift as the bank withdraws from an underperforming segment amid industry-wide uncertainty after a court ruling on motor finance. London’s Court of Appeal ruled in October that motor finance brokers must fully inform customers about commissions …

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Spain’s Zelestra gains an extra $280 million in financing for renewable energy projects

2 Jul 2025

MADRID (Reuters) -Spain’s Zelestra has secured a 235 million euro ($277 million) increase to an existing loan scheme which will help it develop renewable energy projects in Europe, the U.S and elsewhere, Chief Executive Leo Moreno told Reuters. Owned by Swedish investment firm EQT and previously known as Solarpack, Zelestra has been expanding beyond solar …

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UK pay awards rise to 3.4% in three months to May, IDR survey shows

2 Jul 2025

LONDON (Reuters) -Average annual pay awards offered by British employers rose in the three months to May, after an increase in the minimum wage boosted pay significantly for some lower-paid workers, a survey showed on Wednesday. Incomes Data Research said the median pay settlement awarded by major British employers had increased to 3.4% in the …

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Jeff Bezos sold Amazon shares worth about $737 million in June

2 Jul 2025

(Reuters) -Amazon founder and executive chair Jeff Bezos sold shares worth almost $737 million in the e-commerce giant in late June, according to a regulatory filing on Tuesday. Bezos, who founded Amazon in 1994, sold 3.3 million shares for $736.7 million, after adopting a 10b5-1 trading plan in March, showed the filing, made after the …

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Spain and World Bank in push for wider use of ‘debt swaps’

1 Jul 2025

By David Latona and Virginia Furness SEVILLE/LONDON (Reuters) -Spain has partnered with the World Bank to help poorer countries free up money to spend on development and conservation via debt “swaps,” the country’s Ministry of Economy said on Tuesday.  With rich governments cutting official development aid and many countries struggling with their debts, nations are …

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