Reuters UK Business

UBS had ‘okay-ish’ start to Q2 but uncertainty could impact client activity- CFO says

30 Apr 2025

By Stefania Spezzati and Ariane Luthi LONDON (Reuters) -Swiss bank UBS had an “okay-ish” start to the second quarter due partly to market volatility induced by U.S. tariffs, but if increased uncertainty persists it “will have an impact on our activity levels with our clients,” UBS Chief Financial Officer Todd Tuckner told reporters on Wednesday. …

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Barclays beats first-quarter forecasts as Trump turmoil supercharges trading

30 Apr 2025

By Lawrence White and Sinead Cruise LONDON (Reuters) -Barclays booked a stronger than expected 19% increase in first-quarter profit on Wednesday, as trading activity surged in the early months of U.S. President Donald Trump’s tenure and the bank made progress on boosting its share of the lucrative UK lending market. The British bank’s profit before …

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Sweden’s Hexagon says tariff uncertainty hit its volumes, margins in March

30 Apr 2025

(Reuters) -Swedish industrial technology group Hexagon said on Wednesday the uncertainty caused by tariffs had impacted demand in key countries, hitting its volumes and operating margins in mid-March. Interim CEO Norbert Hanke told a conference call with analysts that the company saw significant organic growth declines in March in Canada and Mexico — the first …

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Lift maker Schindler will pass on some tariff costs to customers

30 Apr 2025

By Bernadette Hogg (Reuters) -Swiss lift and escalator maker Schindler will pass on some tariff costs to customers while also working to improve efficiency in its supply chain, CEO Paolo Compagna told Reuters on Wednesday. The company estimates an annualised gross cost impact of 33 million Swiss francs ($40.01 million) from tariffs, with a gross …

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Industry groups, business call on Britain and the EU to link carbon markets

30 Apr 2025

By Susanna Twidale LONDON (Reuters) -More than 50 companies and business groups across Europe have called on Britain and the EU to start talks at an upcoming summit on linking their carbon markets which they say will help curb costs for consumers. Britain is seeking enhanced cooperation on security, law enforcement and on removing trade …

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Repsol confirms shareholder payouts after first quarter beats expectations

30 Apr 2025

By Pietro Lombardi MADRID (Reuters) -Spanish energy company Repsol pledged on Wednesday to maintain its dividend payout policy and planned buyback for the year, even if market conditions deteriorate in coming quarters, after it reported better-than-expected first-quarter results. Adjusted net profit in the quarter dropped 48% from a year earlier to 651 million euros ($741 …

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Chemicals maker dsm-firmenich well-placed to mitigate tariff impact

30 Apr 2025

By Alberto Chiumento and Dimitri Rhodes (Reuters) -Dsm-firmenich said on Wednesday it is working with customers and suppliers to mitigate the impact of U.S. tariffs on its business as the chemicals company reported lower than expected adjusted first-quarter core profit. Dsm-firmenich, whose products are used in perfumes made by French luxury groups LVMH and Kering, …

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Coca-Cola HBC beats revenue growth estimates, shares soar to record high

30 Apr 2025

By Chandini Monnappa and Simone Lobo (Reuters) -Bottler Coca-Cola HBC AG reported first-quarter organic revenue growth above market expectations on Wednesday, supported by strong demand in its key emerging markets, sending shares to a record high. The company, which packages drinks such as Fanta, Sprite and Monster, reiterated its guidance for 2025 but cautioned that …

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Hungary’s economy falls back in first quarter, Czech growth maintained

30 Apr 2025

PRAGUE/BUDAPEST (Reuters) -Hungary’s economy shrank at the start of 2025 for the fourth time in the past six quarters, while household consumption continued to buoy the Czech economy. Central Europe’s economies are counting on rising household spending to drive recovery this year, compensating for firms that are facing rising risks and uncertainty as U.S. tariffs …

Hungary’s economy falls back in first quarter, Czech growth maintained Read More »

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