Reuters UK Business

Russia plans rail transport discounts to support coal industry, letter shows

13 May 2025

By Gleb Stolyarov and Anastasia Lyrchikova MOSCOW (Reuters) -Russia plans to support its coal industry with big discounts on rail transportation rates and guaranteed exports, according to a government letter seen by Reuters and reports from coal-producing regions. Russia’s coal exports fell by 6% last year under pressure from Western sanctions, infrastructure disruptions and profitability …

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UK’s Thames Water says fines need to be deferred to avoid state rescue

13 May 2025

LONDON (Reuters) -The bosses of Britain’s Thames Water said the company needed relief from fines to help it avoid nationalisation when they were questioned by lawmakers on Tuesday. Thames Water has been battling against financial collapse since last year. It is at the centre of a public backlash against the water sector which is blamed …

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US-UK trade deal probably not a template for EU-US agreement, says Lithuania

13 May 2025

By Jan Strupczewski BRUSSELS (Reuters) -The trade deal struck last week between the United States and Britain is probably not going to serve as a template for a trade agreement between the U.S. and the European Union, Lithuania’s Finance Minister Rimantas Sadzius said on Tuesday. In an interview with Reuters on the sidelines of an …

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Coinbase shares jump on addition to S&P 500 index in watershed for crypto market

13 May 2025

By Pritam Biswas (Reuters) – Coinbase Global’s shares jumped nearly 15% on Tuesday after the cryptocurrency exchange became the first digital asset player to be included in the benchmark S&P 500 index. It will replace credit card issuer Discover Financial, which is being acquired by Capital One. The move will be effective before trading begins …

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UK chips supplier IQE could move some production to US on tariff concerns

13 May 2025

By Yadarisa Shabong (Reuters) – Apple supplier IQE is looking at moving some production to the United States, expanding its supplier base, and sharing tariff costs with customers as it guards against potential U.S. duties on the chips sector, its new CEO told Reuters on Tuesday. U.S. President Donald Trump said last month he was …

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BNP shareholders approve age limit increase for CEO Bonnafe

13 May 2025

By Mathieu Rosemain PARIS (Reuters) – BNP Paribas shareholders voted on Tuesday to raise the age limit for the role of CEO, effectively enabling Jean-Laurent Bonnafe to remain at the helm of the euro zone’s largest bank by assets into the start of next decade.    Shareholders overwhelmingly approved the BNP resolution, which raises the …

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British pension funds pledge $66 billion boost for private assets

13 May 2025

By Iain Withers and Sinead Cruise LONDON (Reuters) -Major British pension funds pledged on Tuesday to pump up to 50 billion pounds ($66 billion) of additional investment into UK businesses and infrastructure, as the government leans on private capital to fund public projects and boost growth. Seventeen investment firms, including Aviva, Legal & General and …

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Roger Federer-backed On raises annual sales forecast as promotions, new launches fuel demand

13 May 2025

By Ananya Mariam Rajesh and Neil J Kanatt (Reuters) – Roger Federer-backed On Holding raised its annual sales forecast on Tuesday and said it would have to undertake selective pricing to mitigate impacts from U.S. President Donald Trump’s tariffs. Shares of the sportswear company rose 9% in early trading, as On reported a quarterly sales …

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Hungary submits bill expanding central bank panel, cutting disputed non-core activities

13 May 2025

BUDAPEST (Reuters) – Hungary’s ruling Fidesz party on Tuesday unveiled legislation to enlarge the central bank’s rate-setting Monetary Council, a move that could boost Prime Minister Viktor Orban’s sway over policymakers beyond a 2026 election likely to be closely fought. The legislation was woven into a reform bill stripping the bank of non-core activities that …

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MFE board to discuss PPF’s move for ProSieben on Tuesday, sources say

13 May 2025

MILAN (Reuters) -MFE-MediaForEurope, the leading shareholder in ProsiebenSat.1, will discuss at a board meeting on Tuesday a move by Czech investment group PPF to raise its stake in the German broadcaster, two sources said. MFE, which is owned by the Berlusconi family and has commercial TV operations in Italy and Spain, made a low-ball bid …

MFE board to discuss PPF’s move for ProSieben on Tuesday, sources say Read More »

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