Reuters UK Business

By Lawrence White and Sinead Cruise LONDON (Reuters) – Barclays faced ill-tempered questions from investors about its share price performance and branch closures at its annual meeting on Wednesday, which also drew fresh protests from activists opposed to its alleged provision of financial services to Israeli defence firms. Dozens of protesters gathered outside the event …

Barclays attracts fresh anti-Israel protests at shareholder meeting Read More »

STOCKHOLM (Reuters) -Volvo Cars said on Wednesday it would make production changes and cut 5% of the workforce at its Charleston plant in the United States due to changing market conditions and evolving trade policies, including tariffs. A spokesperson for Volvo Cars said the changes would affect about 125 of the 2,500 employees at its …

Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite Read More »

By Dimitri Rhodes and Etienne Breban (Reuters) -French group Veolia said on Wednesday it will buy the 30% of shares in Water Technologies and Solutions (WT&S) that it does not already own from Quebec Deposit and Investment Fund (CDPQ) for $1.75 billion. The waste and water management company also announced $750 million in three new …

Veolia to take full ownership of water management unit in $1.75 billion deal, gets $750 million in new contracts Read More »

By Shivansh Tiwary and Tim Hepher (Reuters) -Aerospace companies are preparing for the next chapter in a new trade war as the European Union draws up expected counter-measures against Boeing jets in retaliation for 10% U.S. tariffs on European goods such as Airbus planes, industry sources said. The tariffs would mark the first time since …

Aerospace faces wider tariffs as Europe draws up retaliation Read More »

By Akash Sriram (Reuters) -Uber’s core ride-hailing business posted its slowest revenue growth since the pandemic in the first quarter due to sluggish U.S. travel demand, but executives signaled confidence in navigating the economic uncertainty with an upbeat forecast. The company has been leaning on international markets and partnerships with autonomous taxi operators to sustain …

Uber’s quarterly revenue miss turns spotlight on slowing ride-hailing growth Read More »

By Stine Jacobsen and Louise Rasmussen COPENHAGEN (Reuters) -Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow to UK ambitions to decarbonise its energy supplies. The Danish company’s market value has fallen by around 80% from …

Orsted cancels major UK wind project as economics worsen Read More »

(Reuters) -Mining major Rio Tinto said on Wednesday it had extracted its first primary gallium as part of a collaboration with U.S.-based Indium Corp that aims to eventually produce commercial quantities of the critical, rare-earth metal. The development comes amid restrictions from China on exports of metals such as gallium, germanium and antimony to the …

Rio Tinto extracts first gallium under collaboration with Indium Read More »