Reuters UK Business

By Aatreyee Dasgupta (Reuters) -Shares of Expedia fell 7.5% on Friday, after the online travel-booking platform missed Wall Street estimates for quarterly revenue due to weak demand in the United States. Expedia joins its peers as the travel industry braces for a slowdown ahead of the peak summer season, with economic uncertainty — driven by …

Expedia shares fall after soft US travel demand leads to revenue miss Read More »

LONDON (Reuters) -The British government has given consent for the development of a 400-megawatt solar photovolatic (PV) project in East Yorkshire, the Planning Inspectorate said on Friday. The East Yorkshire Solar Farm will generate enough electricity to power around 100,000 homes, according to developer East Yorkshire Solar Farm Limited’s website. The project includes connecting to …

UK government okays solar PV farm in East Yorkshire Read More »

By David Milliken LONDON (Reuters) – Bank of England Governor Andrew Bailey said the trade deal concluded between the United States and Britain was a good thing but still left tariffs on most British goods exports to the U.S. higher than they were before last month. Before details of the deal were announced on Thursday, …

US-UK deal ‘good news’ but tariffs still higher, Bank of England governor says Read More »

MILAN (Reuters) -Italy’s Moltiply Group said on Friday it was suing Alphabet’s Google and seeking damages of 2.97 billion euros ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Trovaprezzi.it. Its claim argues that Google’s actions hindered the …

Italy’s Moltiply sues Google in 3 billion euro lawsuit over market dominance Read More »

By Elvira Pollina and Valentina Za MILAN (Reuters) -Some UniCredit board members are seeking greater clarity from CEO Andrea Orcel on his M&A plans and have asked him to explain the way forward, two sources said, after a spat with Rome delivered another setback to his ambition to grow. Months into a multi-strand acquisitions strategy, …

UniCredit board members seek M&A clarity after setbacks, sources say Read More »

By David Shepardson and Kalea Hall WASHINGTON/DETROIT (Reuters) -A group representing General Motors, Ford and Stellantis blasted President Donald Trump’s trade deal announced with the United Kingdom, saying it would harm the U.S. auto sector. British carmakers will be given a quota of 100,000 cars a year that can be sent to the United States …

Detroit Three automakers blast Trump UK trade deal Read More »

By Sanchayaita Roy and Ragini Mathur (Reuters) -British equities closed higher on Friday, as investors assessed fresh comments from U.S. President Donald Trump regarding tariffs on China ahead of a key weekend meeting between the two countries, with energy and mining stock providing further boost. The blue-chip FTSE 100 rose 0.3%. The index completed 16 …

UK stocks rise on US-China trade talk hopes, commodity gains support Read More »

By Medha Singh and Nikhil Sharma (Reuters) -European shares extended gains on Friday, with Germany’s DAX index closing at an all-time high, as signs of easing global trade war relieved investors as they looked ahead to discussions between the U.S. and China over the weekend. The pan-European STOXX 600 index ended 0.4% higher. Frankfurt’s DAX …

Europe’s STOXX 600 up, Germany’s DAX at record peak on trade deal optimism Read More »

LONDON (Reuters) -Britain has more than doubled funding available under a scheme seeking to spur investment in offshore wind projects to 544 million pounds ($721.78 million), after higher than expected demand, the government said on Friday. The country has put offshore wind at the heart of its 2030 clean energy plan and hopes to boost …

Britain increases wind farm incentives funding to $720 million Read More »