Reuters UK Business

EU to subsidise high volume of greener aviation fuel to boost airline demand

12 Jun 2025

(Corrects typographical error in headline) BRUSSELS (Reuters) -The European Union has offered to subsidise airline purchases of more than 200 million litres of sustainable aviation fuels to encourage carriers to swap kerosene for cleaner alternatives, Reuters calculations show. The calculations, based on European Commission data, suggest that the subsidies could trigger a significant boost to …

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German medical tech firm Brainlab plans Frankfurt IPO in coming weeks

12 Jun 2025

BERLIN (Reuters) -German medical technology firm Brainlab is planning an initial public offering on the Frankfurt Stock Exchange in the coming weeks, the company said on Thursday. The Munich-based company said it will list on the regulated market and aims to raise up to 200 million euros ($230 million) through the issuance of new shares. …

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UK accounting watchdog fines KPMG $1.7 million for Carr’s Group audit breaches

12 Jun 2025

(Reuters) -The British accounting watchdog imposed a penalty of 1.25 million pounds ($1.7 million) on audit firm KPMG LLP on Thursday as a result of an investigation into the financial audit of UK manufacturing firm Carr’s Group. KPMG and audit engagement partner Nick Plumb failed to ensure compliance with applicable independence requirements, the Financial Reporting …

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Crest Nicholson’s half-year profit soars as domestic housing demand firms

12 Jun 2025

(Reuters) -UK Housebuilder Crest Nicholson’s adjusted pre-tax profit more than tripled in the first half of the year, it reported on Thursday, as rising consumer confidence and declining mortgage rates boosted demand in the domestic housing market. Britain’s near four-year high unemployment rate in the three months to April has raised hopes for another round …

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UK’s Segro names Susanne Schroeter-Crossan as its new CFO

12 Jun 2025

(Reuters) -Warehouse landlord Segro on Thursday named Susanne Schroeter-Crossan as its new chief financial officer to succeed Soumen Das, who will step down from the role at the end of the year. Schroeter-Crossan, currently the CFO of Germany-based freight and logistics provider Sennder Technologies GmbH, is set to join Segro’s board as an executive director …

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Analysis-As global tumult grows, UK Plc’s stability and bargains appeal to dealmakers

12 Jun 2025

By Amy-Jo Crowley, Yadarisa Shabong and Purvi Agarwal LONDON (Reuters) -More than $10 billion in bids for British companies announced on Monday, this year’s busiest day according to Dealogic data, showed how low valuations and the market’s relative stability were attracting rivals and funds after a volatility-induced pause. Companies may also be using the opportunity …

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Airbus can hit delivery goal despite delays, jetmaking CEO says

12 Jun 2025

By Tim Hepher PARIS (Reuters) -Airbus is “cautiously hopeful” that it can meet a 2025 target of 820 deliveries despite bottlenecks that have left nearly 40 completed airframes parked at its factories waiting for engines, the CEO of its core planemaking business said. While overall supply chains have “improved significantly,” bottlenecks remain in the supply …

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Airbus revises up 20-year jet demand forecast despite trade tensions

12 Jun 2025

By Tim Hepher PARIS (Reuters) -Airbus revised up its forecast for airplane demand over the next 20 years on Thursday, telling investors and suppliers the air transport industry was expected to ride out the current wave of trade tensions. The European planemaker said it expected the industry it and its U.S. rival Boeing dominate to …

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Trump says willing to extend trade talks deadline, but says that won’t be necessary

12 Jun 2025

By Jeff Mason, David Lawder and Dan Burns WASHINGTON (Reuters) -U.S. President Donald Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs take effect, but did not believe that would be necessary. Trump told reporters before a performance at the …

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