Reuters UK Business

UK’s Wood Group to miss deadline to file 2024 results; faces listing suspension

30 Apr 2025

(Reuters) -Wood Group, a British oilfield services firm that is Dubai-based Sidara’s takeover target, said on Wednesday it would not publish its annual results by the April 30 deadline since it has not completed its audit. The company started an independent review in November last year into its accounting for certain exceptional charges in its …

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Dutch payments firm Adyen misses first-quarter sales forecasts but confirms 2025-2026 outlook

30 Apr 2025

By Alessandro Parodi and Gianluca Lo Nostro (Reuters) -Adyen, one of the world’s largest payment companies, reported quarterly revenue below market forecasts on Wednesday, but maintained its sales outlook for this year and next, saying so far global trade tensions have not affected its business. Adyen Chief Financial Officer Ethan Tandowsky told Reuters that while …

Dutch payments firm Adyen misses first-quarter sales forecasts but confirms 2025-2026 outlook Read More »

Cheap fuel, strong revenues: Air France-KLM dodges Q1 tariff uncertainty

30 Apr 2025

By Joanna Plucinska LONDON (Reuters) -Airline group Air France-KLM reported better than expected results on Wednesday, helped by strong revenues and a drop in jet fuel costs, despite worries about the knock-on effects of U.S. President Donald Trump’s tariff policies.  Shares in the Franco-Dutch group were up 4.3% at 1008 GMT. European airlines have been …

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Austria’s ams OSRAM in talks to sell part of its business, shares jump

30 Apr 2025

By Nathan Vifflin (Reuters) -Austria’s ams OSRAM is planning to sell part of its business in order to reduce its debt, it said on Wednesday after reporting first-quarter core earnings ahead of market expectations. The Switzerland-listed shares leapt 13% by 0908 GMT, leading gains on the Swiss mid-cap index. Aldo Kamper, ams’ Chief Executive, said …

Austria’s ams OSRAM in talks to sell part of its business, shares jump Read More »

UK’s Smith+Nephew backs 2025 outlook despite likely tariff impact

30 Apr 2025

By Yamini Kalia (Reuters) -UK medical products maker Smith+Nephew beat first-quarter revenue growth expectations and maintained its full-year sales and profit margin forecasts on Wednesday, despite the potential impact of U.S. tariffs, driving shares up over 7%. The company, which makes orthopaedic implants, wound dressings and other surgical aids, said it will likely take a …

UK’s Smith+Nephew backs 2025 outlook despite likely tariff impact Read More »

Volkswagen reins in margin hopes as tariffs cloud prospects

30 Apr 2025

By Victoria Waldersee STUTTGART, Germany (Reuters) -Volkswagen said on Wednesday that profit margins this year were likely to be towards the bottom of its guidance range and joined a chorus of automakers warning that U.S. trade policy was making it almost impossible to make financial predictions. The German group said it now expected an operating …

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Tarnished Magnificent 7 stocks rebound faces test with earnings

30 Apr 2025

By Lewis Krauskopf NEW YORK (Reuters) -The U.S. technology and growth stocks known as the “Magnificent Seven” have regained their footing somewhat after a steep slide, but a few weeks of growing valuations and a dimming earnings edge could make it harder for them to push Wall Street higher. The stocks — Apple, Microsoft, Nvidia, …

Tarnished Magnificent 7 stocks rebound faces test with earnings Read More »

Hapag-Lloyd CEO warns of ‘particularly tough’ tariffs due to U.S. exposure

30 Apr 2025

BERLIN (Reuters) – The trade policy of U.S. President Donald Trump is particularly tough on German shipping company Hapag-Lloyd because of the high proportion of volumes related to the United States in global freight, the chief executive said on Wednesday. Rolf Habben Jansen said 22% of global container freight and around 27% of Hapag’s own …

Hapag-Lloyd CEO warns of ‘particularly tough’ tariffs due to U.S. exposure Read More »

Hedge fund European stock selling hits decade peak in March and April, says Goldman

30 Apr 2025

By Nell Mackenzie LONDON (Reuters) -Hedge funds sold European stock during March and April in the largest amount in 10 years, said a report by Goldman Sachs. Investors in European equities have been spooked by a “double whammy” in Europe: Trump’s proposed tariffs coupled with the strength of the euro which would hamper the bloc’s …

Hedge fund European stock selling hits decade peak in March and April, says Goldman Read More »

Aixtron first-quarter orders beat expectations, says US tariff risk ‘insignificant’

30 Apr 2025

By Ozan Ergenay (Reuters) – German chip systems manufacturer Aixtron on Wednesday reported a 10% jump in quarterly orders and stood by its full-year guidance, saying the risks associated with U.S. tariffs policy were “currently insignificant for the sector”. The company posted a first-quarter order intake of 132.2 million euros ($150.5 million), helped by high …

Aixtron first-quarter orders beat expectations, says US tariff risk ‘insignificant’ Read More »

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