(Reuters) -Tesla sales fell in France for a fourth straight month in April and also dropped in Denmark, data showed on Thursday, the latest sign Elon Musk’s EV brand continues to struggle as Europeans buy more Chinese cars and some protest against his political views. In France, Tesla sales tumbled 59.4% year-on-year to 863 vehicles …
Tesla sales sink again in France, Denmark amid anti-Musk protests Read More »
LONDON (Reuters) -Britain’s Serious Fraud Office has arrested three people as part of an international bribery investigation into British infrastructure provider Blu-3 and “former associates” of the global construction firm Mace Group. The SFO said in a statement on Wednesday that more than 70 of its staff had searched four homes and one commercial property …
UK fraud office makes arrests in Blu-3 and Mace Group bribery investigation Read More »
By Shashwat Awasthi (Reuters) -Lloyds Banking Group’s profits fell 7% in the first-quarter, hit by higher costs and impairment charges, and it set aside 100 million pounds ($133 million) for the impact of trade tariffs imposed by U.S. President Donald Trump. The broad economic outlook has become much more unpredictable as a result of the …
Lloyds first-quarter profit drops, sets aside $133 million for tariff impact Read More »
(Corrects paragraph 3 to say “four-month” period ended April 27, not “three-month”) (Reuters) – UK homebuilder Persimmon said on Thursday it was currently on track to deliver its annual target for home completions, but was cautious of how widespread economic uncertainty could affect affordability and demand. The company said ongoing geopolitical uncertainty had not yet …
UK’s Persimmon says ‘mindful’ of economic woes, home completions on track Read More »
LONDON (Reuters) -British factory exports shrank at their sharpest pace in almost five years and cost pressures intensified in April, according to a survey that showed the impact of U.S. President Donald Trump’s trade war and a UK tax hike for employers. Foreign demand for British manufactured goods fell in the United States, Europe and …
US tariff fears hit UK factory exports in April, PMI shows Read More »
By Chandini Monnappa (Reuters) -The London Stock Exchange Group on Thursday reported stronger than expected first-quarter income, driven by robust growth in its markets division, and a strong performance across its other businesses. LSEG, which runs the London Stock Exchange and provides data and analytics to banks and other institutions, said total income, excluding recoveries, …
LSEG first-quarter income beats estimates on strong growth in markets business Read More »
(Reuters) -Science Group on Thursday said that it has requisitioned a general meeting of shareholders at Ricardo to propose the removal of its Chairman Mark Clare, ramping up calls for change at the British consulting firm. The UK-based science and technology consultancy firm, which holds about 20% of Ricardo, has sought changes at Ricardo, citing …
Science Group calls meeting of Ricardo investors to oust chairman Read More »
(Reuters) -British power company Drax Group on Thursday said it expects its annual adjusted core profit to be at the top end of analyst consensus estimates, helped by sturdy pellet production and biomass generation. Drax said its pellet production business is performing effectively, with output ahead of last year, with operations at Drax Power Station, …
UK’s Drax flags 2025 core profit at top end of consensus Read More »
COPENHAGEN (Reuters) -Orsted has sold a 24.5% stake in a UK offshore wind farm for around 456 million pounds ($606 million) to funds managed by Schroders Greencoat, it said on Thursday. The world’s biggest offshore wind power developer will retain a 25.5% stake and remain the operator of the West of Duddon Sands project located …
Orsted sells stake in UK offshore wind farm for $606 million Read More »
By Darya Korsunskaya, Gleb Bryanski MOSCOW (Reuters) -Russia’s finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product (GDP) on Wednesday from 0.5% after reducing the energy revenues forecast by 24% due to expectations of a prolonged period of low oil prices. The ministry lowered the 2025 oil and gas revenues …
Russia hikes 2025 deficit forecast threefold due to low oil price risks Read More »
