Reuters UK Business News

Subscribe to Reuters UK Business News feed Reuters UK Business News is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 15 hours 41 min ago

Apple unveils watch, larger iPhones in bid to retake innovation crown

Wed, 10/09/2014 - 11:19
CUPERTINO Calif. (Reuters) - Apple Inc unveiled a watch, two larger iPhones and a mobile payments service on Tuesday as Chief Executive Officer Tim Cook seeks to revive the technology company's reputation as a wellspring of innovation.

Santander patriarch Emilio Botin dies aged 79

Wed, 10/09/2014 - 11:14
MADRID (Reuters) - Emilio Botin, one of Spain's most powerful men who transformed Santander from a small domestic lender into the euro zone's biggest bank, has died of a heart attack, aged 79.

China's economy can avoid hard landing - Premier Li

Wed, 10/09/2014 - 11:11
TIANJIN China (Reuters) - China's economy can avoid an sharp drop in growth, Premier Li Keqiang said on Wednesday as he promised to accelerate China's switch to an economic model driven by science and innovation.

EU approves Huntsman's $1.1 billion buy of Rockwood unit, with conditions

Wed, 10/09/2014 - 11:01
BRUSSELS (Reuters) - U.S. chemical maker Huntsman Corp gained European Union regulatory approval on Wednesday for its proposed $1.1 billion (£683.57 million) takeover of Rockwood Holdings Inc's titanium dioxide pigment business after agreeing to sell an asset.

FTSE falls for fourth day; Sports Direct weighs, Scotland vote looms

Wed, 10/09/2014 - 10:12
LONDON (Reuters) - Britain's top share index fell for a fourth straight session on Wednesday, with Sports Direct shedding part of recent sharp gains after a trading update, leading declines on a market gripped by unease as Scotland's independence vote nears.

Margin dip takes shine off Sports Direct sales rise

Wed, 10/09/2014 - 10:03
LONDON (Reuters) - Britain's biggest sporting goods retailer Sports Direct posted a 12 percent rise in quarterly sales, with growing demand at its sports stores tempered by a drop in its profitability and falling sales at its fashion and brands businesses.

Optimal Payments rides high on growing e-wallet business

Wed, 10/09/2014 - 09:57
(Reuters) - Online money transfer company Optimal Payments Plc said it expects to beat its forecast for the full-year after robust sales at its high-margin Neteller e-wallet business drove first-half pretax profit up 78 percent.

Global shares fall, yields rise as Fed, Scotland dominate

Wed, 10/09/2014 - 09:44
LONDON (Reuters) - Global shares fell on Wednesday as markets strengthened bets on an early U.S. rate hike while persistent concerns over Scotland's future unnerved investors in Europe, helping a high-flying dollar hold on to recent gains.

Rocket Internet joins rush of e-commerce listings

Wed, 10/09/2014 - 09:23
BERLIN (Reuters) - German venture capital group Rocket Internet, which has launched dozens of online start-ups in recent years, announced plans on Wednesday to raise about 750 million euros (602.17 million pounds) by listing a stake as it rides a wave of e-commerce flotations.

Fiat's Marchionne to become new Ferrari chairman after Montezemolo quits

Wed, 10/09/2014 - 09:20
MILAN (Reuters) - Luca Cordero di Montezemolo will step down as chairman of Ferrari as of Oct. 13 and will be replaced by Sergio Marchionne, who also serves as the chief executive of parent group Fiat .

Geopolitical conflicts weighing on German economy

Wed, 10/09/2014 - 09:04
BERLIN (Reuters) - The German economy remains on track for expansion but geopolitical conflicts and weakness elsewhere in the euro zone are weighing on growth, the economy ministry said in its monthly report on Wednesday.

France concedes will not hit 2015 deficit-cutting target

Wed, 10/09/2014 - 08:29
PARIS (Reuters) - French Finance Minister Michel Sapin announced on Wednesday that France will need until 2017 to bring its public deficit down to three percent of output, breaking its promise to EU partners to reach that goal by 2015.

Kingfisher names head of French unit as new CEO

Wed, 10/09/2014 - 08:24
LONDON (Reuters) - Kingfisher , Europe's largest home improvements retailer, said on Wednesday Ian Cheshire, its chief executive for nearly seven years, would step down before next January and be succeeded by Veronique Laury, the boss of French unit Castorama.

All available tools must be used to support euro zone - ECB's Coeure

Wed, 10/09/2014 - 08:06
MADRID (Reuters) - Euro zone policymakers need to use all available tools to support the bloc's economy, European Central Bank Executive Board member Benoit Coeure said in a Spanish newspaper interview published on Wednesday.

Fiat's Marchionne to become new Ferrari chairman as Montezemolo quits

Wed, 10/09/2014 - 07:59
MILAN (Reuters) - Luca Cordero di Montezemolo will step down as chairman of Ferrari as of Oct. 13 and will be replaced by Sergio Marchionne, who also serves as the chief executive of parent group Fiat , Fiat said in a statement on Wednesday.

BOJ's Iwata upbeat on economy, unfazed by post-tax hike slump

Wed, 10/09/2014 - 07:43
KANAZAWA Japan (Reuters) - Bank of Japan Deputy Governor Kikuo Iwata on Wednesday reiterated policymakers' conviction that the economy can recover from a deep slump, saying that households and companies will boost spending as the pain from an April sales tax hike eases.

Ajinomoto to buy U.S. frozen food maker Windsor Quality for $800 million

Wed, 10/09/2014 - 07:21
TOKYO (Reuters) - Japan's Ajinomoto Co Inc said on Wednesday it would buy unlisted U.S. frozen foods maker Windsor Quality Holdings for around $800 million (496 million pounds) as it seeks to expand in North America to offset slowing growth at home.

EU bank tests may miss trillion dollar risk - study

Wed, 10/09/2014 - 07:09
LONDON (Reuters) - Some European banks being checked by regulators for signs of capital weakness may be sitting on up to a trillion dollars of potentially unsafe assets because their holdings of sovereign bonds are not being fully risk assessed, a new study has found.

Alibaba's record IPO covered after first few roadshow meetings - sources

Wed, 10/09/2014 - 07:00
(Reuters) - Alibaba Group Holding Ltd has received enough orders for its record-breaking initial public offering to cover the entire deal within just two days of its launch, people familiar with the IPO process said on Wednesday.

Air France-KLM to invest 1 billion euros into low-cost brand

Wed, 10/09/2014 - 06:52
PARIS (Reuters) - Franco-Dutch airline Air France-KLM plans to invest 1 billion euros (800 million pounds) in growing its Transavia low-cost unit in Europe, the company said.