Reuters UK Business

By Michael Kahn, Christoph Steitz, Dominique Patton VELKA BITES, Czech Republic/FRANKFURT/PARIS (Reuters) -Pavel Cechal reckons the Czech company he works for could easily generate more business for its missile and drone engines to double its workforce, if only he could find the staff. His dilemma is shared by many defence companies in Europe, where governments …

Analysis-Europe’s defence companies scramble for workers as business booms Read More »

MILAN (Reuters) – Credit Agricole Italy won’t play a leading role in the current M&A wave sweeping the country’s financial sector, its chairman said, adding the bank retained the very long term approach that had guided its steady expansion in Italy. Credit Agricole Italy is the main investor in Banco BPM, a key commercial partner …

Credit Agricole not a protagonist of Italy’s bank M&A wave, country chairman says Read More »

By Gwladys Fouche OSLO (Reuters) – Norway’s parliament is poised to reject campaigners’ calls to instruct its $1.8 trillion wealth fund to boycott any company selling products and services in the occupied Palestinian territories, according to a person familiar with the process. A majority in the Norwegian parliament’s finance committee has decided that only companies …

Norway set to reject calls for blanket ban by wealth fund on companies in Israeli-occupied areas, source says Read More »

BRUSSELS (Reuters) -Italian bank UniCredit has offered concessions in an attempt to secure EU antitrust approval for its acquisition of Banco BPM, according to an updated filing on the European Commission website. UniCredit put in its offer on Monday, the filing showed, without providing details in line with the EU competition enforcer’s policy. The EU …

UniCredit offers concessions in bid for EU nod for Banco BPM deal Read More »

By Francesca Landini MILAN (Reuters) -Eni has entered exclusive talks to sell a 49.99% stake in its carbon capture, utilisation and storage (CCUS) business to BlackRock’s infrastructure fund GIP, the Italian energy group said on Tuesday. The move is part of Eni’s broader strategy to develop dedicated units – or satellites – and sell minority …

Eni in talks with GIP for sale of 49.99% of carbon capture unit Read More »

By Arsheeya Bajwa and Casey Hall (Reuters) -Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47% to 14.74 billion yuan ($2.05 billion) as its domestic platform suffered from intense local competition and its international business was hit by global trade uncertainty. U.S.-listed shares of the company fell more than 17%. “[PDD’s] massive bottom …

Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad Read More »

By David Milliken LONDON (Reuters) -The International Monetary Fund nudged up its growth forecast for Britain this year in a regular assessment of the country’s economy, and it urged finance minister Rachel Reeves to stick to her plans to lower public borrowing. Growth this year is now forecast to be 1.2%, marginally higher than the …

IMF nudges up UK’s 2025 growth forecast, sees ‘significant risks’ to deficit goals Read More »