Reuters UK Business

ECB ready for ‘forceful’ action in world of inflation swings

30 Jun 2025

By Francesco Canepa SINTRA, Portugal (Reuters) -The European Central Bank said on Monday it was bracing for five more years of economic upheaval as disruptions from geopolitical rifts to artificial intelligence take their toll, potentially requiring “forceful” action to keep inflation in check. The ECB was updating its five-year strategy after a rollercoaster period in …

ECB ready for ‘forceful’ action in world of inflation swings Read More »

Renk eyes 500-million-euro investment in armoured vehicles, CEO says

30 Jun 2025

(Reuters) -German defence contractor Renk plans to invest about 500 million euros ($586 million) in armoured vehicles production capacity and development over the next few years to prepare for a boost in German government orders, its CEO told newspaper Handelsblatt. “We expect that the German armed forces will need up to 1,000 new wheeled armoured …

Renk eyes 500-million-euro investment in armoured vehicles, CEO says Read More »

German inflation eases to 2.0% in June, defying forecasts

30 Jun 2025

By Maria Martinez BERLIN (Reuters) -German inflation eased in June, preliminary data from the federal statistics office showed on Monday, despite forecasts suggesting a slight increase in price pressures in Europe’s largest economy. German inflation fell to 2.0% year on year. Analysts polled by Reuters had forecast EU-harmonised inflation increasing from the previous month to …

German inflation eases to 2.0% in June, defying forecasts Read More »

Blackstone’s Cirsa gambling company seeks $2.95 billion valuation in IPO

30 Jun 2025

MADRID (Reuters) -Blackstone’s gambling company Cirsa will seek a valuation of 2.52 billion euros ($2.95 billion) in an initial public offering of shares worth 400 million euros on the Spanish stock exchange this year, one of the bookrunners said on Monday. Cirsa operates casinos and gambling platforms in Spain, where it is the largest casino …

Blackstone’s Cirsa gambling company seeks $2.95 billion valuation in IPO Read More »

UK’s watered down welfare reforms will push 150,000 into poverty, modelling shows

30 Jun 2025

By Sarah Young LONDON (Reuters) -New British welfare reforms are still expected to push 150,000 people into poverty despite Prime Minister Keir Starmer’s government watering down the measures, according to fresh modelling ahead of a key parliamentary vote. Seeking to quell a rebellion threatened last week, Starmer revised his planned welfare cuts in an attempt …

UK’s watered down welfare reforms will push 150,000 into poverty, modelling shows Read More »

Elliott-backed Banca CF+ bids for Banca Sistema in latest Italian bank deal

30 Jun 2025

By Valentina Za and Alvise Armellini MILAN (Reuters) -Elliott-backed Italian speciality lender Banca CF+ on Monday announced a bid for rival Banca Sistema worth around 145 million euros ($170 million), saying the consolidation wave sweeping the sector made it imperative to build scale. Banca CF+ said it had struck an agreement with Gianluca Garbi, founder, …

Elliott-backed Banca CF+ bids for Banca Sistema in latest Italian bank deal Read More »

Russian government discusses tax relief for Gazprom, source says

30 Jun 2025

MOSCOW (Reuters) -Russia’s government has been considering some tax relief for energy giant Gazprom, offset by potentially higher taxes on other gas producers, a government source said on Monday. Novatek and Rosneft are also large gas producers in Russia. Moscow has to balance the need to boost military spending amid the conflict in Ukraine with …

Russian government discusses tax relief for Gazprom, source says Read More »

UK competition watchdog begins initial probe into Boeing-Spirit Aero deal

30 Jun 2025

(Reuters) -Britain’s competition regulator said on Monday it has started a Phase 1 investigation into Boeing’s planned acquisition of Spirit Aerosystems, setting a deadline of August 28 for a decision. The Competition and Markets Authority (CMA) had said last week that it was weighing a probe into whether the deal could affect competition in the …

UK competition watchdog begins initial probe into Boeing-Spirit Aero deal Read More »

Hyatt to sell Playa’s real estate portfolio for $2 billion

30 Jun 2025

By Aishwarya Jain (Reuters) -Hyatt Hotels said on Monday it has agreed to sell the real estate portfolio owned by Playa Hotels to Tortuga Resorts for $2 billion, as the U.S. hospitality chain seeks to strengthen its asset-light business. Hyatt had entered into a deal to buy Playa, which operates 24 high-end, all-inclusive resorts across …

Hyatt to sell Playa’s real estate portfolio for $2 billion Read More »

France’s Orange launches defence division to support European security sector

30 Jun 2025

(Reuters) -French telecoms operator Orange is establishing a new defence and homeland security division as it steps up efforts to support actors in these sectors in France and Europe, it said on Monday. The specialised division will be a part of Orange Business which serves businesses and organizations. It will deploy connectivity solutions, artificial intelligence …

France’s Orange launches defence division to support European security sector Read More »

Close Bitnami banner
Bitnami