Reuters UK Business

By Allison Lampert and Utkarsh Shetti (Reuters) -Howmet Aerospace raised its 2025 profit forecast on Thursday, despite impacts from U.S. tariffs, sending shares up 7.8% as the maker of castings and fasteners expects to pass on higher costs and sees strong demand from increased jet production. The U.S. aerospace industry is seeking a tariff exemption …

Howmet Aerospace lifts 2025 profit forecast on strong demand, shares rise Read More »

By Mike Scarcella (Reuters) – Apple faces a possible criminal contempt probe after a U.S. judge said it violated an order to open its lucrative App Store to more competition and misled the court. Here is a look at how Apple got here and what comes next in the blockbuster lawsuit brought by “Fortnite” maker …

Explainer-What’s next for Apple after US court’s contempt order in Epic Games case? Read More »

By Iain Withers LONDON (Reuters) – British fund manager Schroders reported 7.4 billion pounds ($9.8 billion) of net outflows in the first quarter on Thursday, as customers withdrew cash from its joint venture funds in China. Schroders said its flows were impacted by 8.5 billion pounds cashed out from its joint ventures in the three …

Schroders hit by client withdrawals from China Read More »

By Arasu Kannagi Basil (Reuters) -Mastercard beat Wall Street estimates for first-quarter profit on Thursday as customers kept up spending on its card network despite the economic uncertainty sparked by U.S. President Donald Trump’s sweeping tariffs. Executives said the fundamentals supporting consumer and business spending remained solid despite sentiment taking a hit from tariff-driven turmoil …

Mastercard profit beats expectations on resilient consumer spending Read More »

By Jesús Aguado MADRID (Reuters) -Spain’s competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell by its larger rival BBVA, though the combined lender will have to accept several remedies in its retail banking arm if the long-running hostile takeover bid clears the remaining hurdles. The deal, valued at around 12 billion …

Spain’s antitrust body clears BBVA-Sabadell takeover, awaits government Read More »

By Ananya Mariam Rajesh (Reuters) -Cosmetics giant Estee Lauder forecast a bigger-than-expected drop in fiscal 2025 sales on Thursday, signaling a slowdown in demand for beauty products in the American market and a longer road to recovery in the key China region. Estee has been struggling to revive sales at airports and tourist hubs in …

Estee Lauder sees bigger sales fall in 2025 on US slowdown, sputtering China recovery Read More »

By Kenneth Li NEW YORK (Reuters) -Thomson Reuters on Thursday confirmed 2025 financial guidance amid tariff-induced global economic turmoil that has led some companies to revise or scrap forecasts altogether. The Toronto-based content and technology company reported quarterly revenue rising 1% to $1.9 billion, slightly below analyst expectations of $1.93 billion, according to LSEG data. …

Thomson Reuters maintains 2025 financial forecasts amid economic turmoil Read More »