Reuters UK Business

By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares reversed early declines to close higher on Thursday, with industrial stocks getting the biggest boost, while corporate earnings remained in the spotlight. The continent-wide STOXX 600 index was up 0.6%. Most major regional indexes were higher, with Germany’s up 0.7%. Russian President Vladimir Putin spurned a …

Europe’s STOXX 600 recovers declines; defence stocks gain after Russia-Ukraine meet Read More »

By Helen Reid and Anuja Bharat Mistry (Reuters) -Birkenstock, the German maker of sandals and clogs favoured by several Hollywood celebrities, plans to raise prices globally and look for production efficiencies to offset the impact of a 10% tariff that President Donald Trump has imposed on imports to the U.S. Birkenstock sandals, worn by Margot …

Birkenstock hikes price of celebrity-loved sandals to help offset tariffs Read More »

By Shashwat Awasthi (Reuters) -National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track to invest 60 billion pounds ($79.74 billion) in energy networks through March 2029 and its results beat estimates. Its shares rose 2% to 1,038 pence by 0725 GMT, outperforming the …

National Grid takes $402 million hit on paused New York wind project Read More »

By Forrest Crellin PARIS (Reuters) -Engie is slowing new U.S. renewable energy projects due to uncertainty over tariffs on imported materials for solar installations and batteries, the French utility said on Thursday. U.S. President Donald Trump has imposed tariffs on top trade partners, including China, the world’s top solar panels and batteries producer, and he …

France’s Engie slows US renewable projects on tariff uncertainty Read More »

By Lawrence White LONDON (Reuters) -Standard Chartered has created a dedicated team covering private equity firms, hedge funds and sovereign wealth funds, as part of a wider drive in its investment bank to win more business from financial clients, the bank said on Thursday. The bank will appoint a global head of financial sponsors in …

Stanchart builds US-based private equity team amid investment bank push Read More »

ROME (Reuters) – Stellantis Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault. “We are not discussing any merger,” Elkann said at the FT Future of the Car Summit in London, speaking in a panel discussion with Renault CEO Luca …

Stellantis chairman denies merger talks with Renault Read More »

(Reuters) -Phillips 66 said on Thursday it will sell a 65% stake in its German and Austrian fuel retail business to a private equity-led consortium, valuing the unit at $2.8 billion, as the U.S. refiner moves to streamline its portfolio amid pressure from activist investor Elliott Investment Management. Elliott, which holds a $2.5 billion stake …

Phillips 66 trims portfolio with German and Austria retail sale amid Elliott pressure Read More »