Reuters UK Business

Aviva CEO says government investment mandates a “red line” for sector

15 May 2025

By Sinead Cruise LONDON (Reuters) -A sector-wide push into private assets should help millions of pension savers achieve higher returns and avoid old age poverty as long as the government doesn’t seek to dictate how providers invest that cash, Aviva CEO Amanda Blanc told Reuters. Seventeen investment firms running trillions of pounds in insurance and …

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Kodal says Mali lithium exports blocked due to permit delays

15 May 2025

By Maxwell Akalaare Adombila DAKAR (Reuters) -Regulatory hurdles in Mali have left British miner Kodal Minerals unable to export more than 20,000 metric tons of lithium concentrate, its chief executive Bernard Aylward told Reuters. Kodal’s blocked shipments come as global lithium production is already expected to drop this year – potentially by 228,000 tons – …

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Eni in talks with Ares fund over Plenitude stake sale, valuing unit at $13 billion

15 May 2025

By Francesca Landini MILAN (Reuters) -Italian energy group Eni said it had entered exclusive talks with investment firm Ares Alternative Credit Management to sell a 20% stake in its renewable and retail business Plenitude. The deal is part of Eni’s efforts to develop greener businesses and signals the growing interest of Los Angeles-based Ares , …

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ASM to pass on tariff costs to buyers, says no disadvantage against peers

15 May 2025

By Nathan Vifflin AMSTERDAM (Reuters) -Dutch chip-making equipment supplier ASM International plans to pass on any cost increases related to tariffs to its value chain, including customers, its CEO and finance chief told Bank of America in a meeting, a report on the analysts’ takeaways showed on Thursday. Europe’s second-largest supplier of semiconductor equipment said …

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Suedzucker confirms forecast for lower earnings on weak sugar market

15 May 2025

HAMBURG (Reuters) – Europe’s largest sugar producer Suedzucker on Thursday confirmed it expected a decline in earnings this financial year, with the EU sugar market remaining weak in coming months. It said that it hoped, however, for a sugar market improvement from October 2025. The company confirmed its previous forecast for full-year group operating profit …

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Exclusive-Musk took leased cars back so Tesla could use them as “robotaxis.” Instead, Tesla sold them

15 May 2025

By Chris Kirkham and Abhirup Roy (REUTERS) -Tesla last November ended an unusual policy that prohibited U.S. leasing customers from buying their cars at lease-end. The policy started in 2019, when Tesla announced that customers could lease its mass-market Model 3 sedans but would have to return them, at the end of the lease, for …

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Trade war, high debt, market volatility among top risks for euro zone, ECB says

15 May 2025

FRANKFURT (Reuters) -A global trade war, financial market volatility and high debt levels are the three key risks facing the euro zone economy, ECB Vice President Luis de Guindos said on Thursday, previewing the bank’s upcoming report on financial stability. The euro zone economy appears to be holding up well despite a raft of U.S. …

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Weak EU gas prices, Chinese demand to encourage storage refill, Uniper executive says

15 May 2025

By Marwa Rashad AMSTERDAM (Reuters) – Current low European gas prices, supported by weak Chinese demand, will encourage the refilling of EU gas storage sites this summer, a senior executive at German utility Uniper told Reuters. EU inventories were left two-thirds empty by the end of the winter season and the continent is estimated to …

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Sterling rises after upbeat UK GDP data

15 May 2025

By Medha Singh (Reuters) -The pound climbed against the U.S. dollar on Thursday after data showed the British economy grew faster than expected, further making the case for fewer interest rate cuts from the Bank of England. Sterling rose 0.2% to $1.327 against a sluggish dollar as excitement faded over the U.S.-China trade deal announced …

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UK productivity growth slowed in the first quarter, ONS data shows

15 May 2025

LONDON (Reuters) -Productivity growth in Britain’s economy weakened in the first quarter of this year compared to the final three months of 2024 and was down compared with a year previously, official data showed on Thursday. The Office for National Statistics said output per hour worked increased by 0.2% in the January-to-March period, weaker than …

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