Reuters UK Business

UK’s Inchcape maintains annual outlook, including impact of tariffs

26 Jun 2025

(Corrects to say Inchcape is an auto distributor, not retailer, in paragraph 6) (Reuters) -British car distributor Inchcape reiterated its full-year financial outlook on Thursday, banking on a resilient performance driven by steps to manage costs and inventory to offset the impact of U.S. tariffs and higher competition. Inchcape, which exports cars for global manufacturers …

UK’s Inchcape maintains annual outlook, including impact of tariffs Read More »

Equinor and partners to invest $2.1 billion in Norway oil, gas field

26 Jun 2025

STOCKHOLM (Reuters) -Equinor and its partners Vaar Energi and Inpex Idemitsu will invest more than 21 billion Norwegian crowns ($2.08 billion) to develop Norway’s Fram South oil and gas field, the companies said on Thursday. Production is scheduled to start at the end of 2029, field operator Equinor said in a statement. “Fram South will …

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European defence stocks tick up on NATO spending pledge

26 Jun 2025

(Reuters) -Shares in European defence firms edged up on Thursday after NATO leaders on Wednesday backed the increase in defence spending demanded by U.S. President Donald Trump. As of 0814 GMT, German contractor Rheinmetall and Italy’s Fincantieri, which on Thursday said it received an order worth 700 million euros ($820.89 million), were the top gainers, …

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UK’s Next 15 warns on profit, shares dive 21%

26 Jun 2025

(Reuters) -Consultancy and marketing services provider Next 15 Group warned on Thursday that its fiscal 2026 profit would likely fall materially below market expectations, a day after it disclosed ‘potential serious misconduct’ at its California-based venture-building firm Mach49. Shares of the firm tumbled as much as 21% to 228.5 pence, their lowest since April 22. …

UK’s Next 15 warns on profit, shares dive 21% Read More »

German parliament passes 46-billion-euro corporate tax relief package

26 Jun 2025

BERLIN (Reuters) -German lawmakers on Thursday passed a multi-billion-euro package of fiscal relief measures to support companies and boost investment, part of the new government’s plans to put Europe’s largest economy back on track for growth after two years of decline. The package, dubbed by the government as an “investment booster”, contains corporate tax breaks …

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Poland updates green bond framework ahead of possible first issuance in six years

26 Jun 2025

WARSAW (Reuters) -Poland has updated its green bond framework, the finance ministry said late on Wednesday, as one of the European Union’s most coal-reliant economies gears up for its possible first green bond issuance in six years. In January, finance ministry debt chief Karol Czarnecki said that “it’s a high probability” Poland would issue green …

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UK’s Balfour Beatty wins $1.14 billion contract for new gas power plant

26 Jun 2025

(Reuters) -Britain’s Balfour Beatty said on Thursday it won an 833 million pound ($1.14 billion) contract from French energy firm Technip Energies to help build a gas-fired electricity power plant in the UK. The construction of the plant, which will employ about 1,500 people, will start later this year with completion scheduled for 2028, Balfour …

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UK’s Moonpig forecasts slower annual earnings growth, announces CEO departure

26 Jun 2025

(Reuters) -British greeting card and gifting retailer Moonpig on Thursday projected slower earnings growth for the year ending April 2026 and announced the departure of its longtime CEO Nickyl Raithatha, sending shares down more than 10%. Consumer spending in the UK has remained volatile this year as households scaled back discretionary purchases, including holiday gifting, …

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Polish parliament approves liberalisation of wind farm rules

26 Jun 2025

WARSAW (Reuters) -The Polish parliament approved legislation easing rules to build onshore wind farms, which the government says is a key step to boost renewable energy output and lower electricity prices. The rules, passed in a vote late on Wednesday, cut the distance required between planned installations and residential locations, while keeping permitting more restrictive …

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