Reuters UK Business

KYIV (Reuters) -Ukraine’s allies voiced willingness to pay for defence manufacturing by Ukrainian companies in allied countries, Defence Minister Rustem Umerov said on Wednesday after meeting Western counterparts at the Ukraine Defence Contact Group. Umerov did not specify the potential value of such an offer. Ukrainian President Volodymyr Zelenskiy has previously said he would like …

Ukraine’s allies offer to pay for its defence manufacturing, Kyiv says Read More »

(Reuters) -British equities closed higher on Wednesday, with healthcare and mining shares leading gains as global investors added risk and watched global trade developments. The blue-chip FTSE 100 closed 0.2% higher, while the midcap index added 0.5%. Healthcare stocks were among the biggest boost, with index heavyweight AstraZeneca rising more than 1%. Industrial metal miners …

Healthcare, mining shares boost UK stocks; focus on global trade deals Read More »

By Anshuman Tripathy (Reuters) -U.S.-based equipment manufacturer Chart Industries and flow control systems maker Flowserve Corp agreed to merge in an all-stock deal, valuing the combined company at about $19 billion. The deal is expected to help the combined entity take advantage of strong demand for industrial equipment and aftermarket services. The demand stems from …

Chart Industries, Flowserve to merge in about $19 billion deal Read More »

By Nathan Vifflin (Reuters) -STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier this year, its chief executive said on Wednesday. Around 2,000 employees will leave the Franco-Italian chipmaker due to attrition, bringing the total count with voluntary departures to 5,000, Jean-Marc Chery said at …

STMicro to cut 5,000 jobs in next 3 years, says CEO Read More »

By Stoyan Nenov BANSKO, Bulgaria (Reuters) -Igor Ruge, a hotel manager at a ski resort in southern Bulgaria, welcomed news on Wednesday that the European Commission had given his country the green light to join the euro zone next year. The approval could mean more foreign tourists and investment for the EU’s poorest country.  “It …

Bulgarians divided on euro after approval to join currency Read More »

(Reuters) -UK’s Warehouse REIT has agreed to sell itself to Blackstone for 470 million pounds ($635.35 million), days after the investment firm lowered its bid for the company due to valuation-related issues uncovered during due diligence. The 110.6 pence per share offer price agreed on Wednesday represents a 34.2% premium to Warehouse REIT’s closing stock …

UK’s Warehouse REIT agrees to Blackstone’s $635.35 million bid Read More »

LONDON (Reuters) -Euro zone business activity barely expanded in May as the dominant services industry contracted for the first time since November, weighed down by falling demand that has plagued the bloc for a year, a survey showed on Wednesday. The HCOB Eurozone Composite Purchasing Managers’ Index, compiled by S&P Global, fell to 50.2 in …

Euro zone business growth stalls in May as services stumble, PMI shows Read More »