Reuters UK Business Archives - Page 1014 of 3179

Ukraine cuts power imports by 31% in April vs March, consultancy says

1 May 2025 1 May 2025

KYIV (Reuters) -Ukraine, whose power system has been under constant Russian missile and drone attacks, reduced electricity imports by 31% in April after an 11% increase in March thanks to warm weather, Ukrainian ExPro consultancy said on Thursday. The consultancy said Ukraine imported 187 gigawatt hours in April against 272 GWh in March. ExPro said …

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Aptiv forecasts second-quarter profit above estimate

1 May 2025 1 May 2025

(Reuters) -Auto parts supplier Aptiv forecast its second-quarter profit above analysts’ estimate on Thursday, betting on benefits from its previously implemented cost-saving measures. The Dublin-based company had said last year it would implement steps to improve profitability after large automakers tempered their ambitious electrification efforts to adjust to a bumpy market. Aptiv kept its annual …

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UK net mortgage lending surged by most since 2021 ahead of tax break expiry

1 May 2025 1 May 2025

LONDON (Reuters) -British homebuyers increased their mortgage borrowing by the most in nearly four years in March as they rushed to beat the end of a tax break but Bank of England data published on Thursday also showed signs of caution among consumers. Net mortgage borrowing rose by 12.963 billion pounds ($17.27 billion), the biggest …

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Bank of England could signal faster rate cuts after Trump tariffs

1 May 2025 1 May 2025

By David Milliken LONDON (Reuters) – The Bank of England is expected to lower interest rates by a quarter point on May 8 as U.S. President Donald Trump’s tariffs darken the global growth outlook, and some economists think the BoE will soon need to speed up its gradual approach to rate cuts. BoE Governor Andrew …

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European real estate recovery thrown off course by Trump uncertainty, says MSCI

1 May 2025 1 May 2025

By Iain Withers LONDON (Reuters) -A nascent recovery in Europe’s real estate market has been derailed by global economic uncertainty in the early months of U.S. President Donald Trump’s second term, leading deal volumes to shrink after a positive run last year, MSCI data shows. Property sales in Europe totalled 41 billion euros ($47 billion) …

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Bio-polymer maker Itaconix to hike some prices, cut costs to mitigate tariff hit

1 May 2025 1 May 2025

(Reuters) -Specialty chemicals company Itaconix said on Thursday it would implement selective price increases and look at cutting supply chain costs to offset the impacts of proposed U.S. tariffs, which are expected to raise production expenses. The developer of sustainable, bio-based polymers also said euro currency swings from the ongoing trade war and production shifts …

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Unilever to shut down REN skincare business

1 May 2025 1 May 2025

(Reuters) – Unilever on Thursday said that it was taking steps to close its skincare business REN, citing internal challenges that were made worse by market conditions and “left the brand unable to sustain success in the long term.” The consumer goods company, which makes Dove soap and Vaseline, said there was no fixed date …

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Former HBSC investment bank chief joins EBRD as head of client services

1 May 2025 1 May 2025

LONDON (Reuters) -Former top HSBC investment banker Greg Guyett has joined the European Bank for Reconstruction and Development as its head of client services, the EBRD said on Friday. Guyett will join the EBRD on September 1 and lead teams responsible for banking, advising and policy activities, the development lender said. Guyett was head of …

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Berkshire outguns market as Buffett reaches 60 years in charge

1 May 2025 1 May 2025

By Jonathan Stempel OMAHA, Nebraska (Reuters) – Berkshire Hathaway has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America. At Saturday’s annual meeting in Omaha, Nebraska, the 94-year-old billionaire will mark 60 …

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Sterling steady against dollar and euro, manufacturing activity shrinks

1 May 2025 1 May 2025

By Samuel Indyk LONDON (Reuters) -Britain’s pound was steady against the dollar on Thursday but remained close to a three-year high reached earlier in the week as investors shunned the U.S. currency in the wake of U.S. President Donald Trump’s tariffs. A survey on Thursday confirmed that British manufacturing activity shrank for the seventh month …

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