Reuters UK Business

Italy April EU-harmonised CPI stable at 2.1% y/y, but ‘core’ accelerates

30 Apr 2025

ROME (Reuters) -Italian EU-harmonised consumer prices (HICP) rose 0.5% month-on-month in April and the annual inflation rate was stable at 2.1%, preliminary figures from official statistics agency ISTAT showed on Wednesday. A Reuters survey of 21 analysts had pointed to a 0.6% month-on-month increase and a 2.3% year-on-year rise. Core inflation (net of fresh food …

Italy April EU-harmonised CPI stable at 2.1% y/y, but ‘core’ accelerates Read More »

Aston Martin limits US exports, mulls pricing adjustment to offset tariff hit

30 Apr 2025

By Shashwat Awasthi (Reuters) -Aston Martin will split the costs resulting from U.S. tariffs between the company and its customers, and will sell down its U.S. inventory while limiting shipments there, the luxury carmaker’s chief executive said on Wednesday. CEO Adrian Hallmark told analysts and reporters the company was considering further steps to navigate the …

Aston Martin limits US exports, mulls pricing adjustment to offset tariff hit Read More »

Glanbia shares jump after ‘better than feared’ first quarter

30 Apr 2025

DUBLIN (Reuters) -Shares in nutrition supplement maker Glanbia jumped 10% on Wednesday after analysts pointed to a “better than feared” first quarter performance that allowed the Irish group to maintain its full year earnings guidance. Glanbia shares plummeted to a near two-year low in February when it forecast that earnings could fall by up to …

Glanbia shares jump after ‘better than feared’ first quarter Read More »

Remy Cointreau says US cognac sales are rebounding, China weak

30 Apr 2025

By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) -French spirits group Remy Cointreau on Wednesday flagged a “steep recovery” in the critical U.S. market that has dragged on performance for over a year, sending its shares up more than 5% even as its fourth-quarter sales missed forecasts. The maker of Remy Martin cognac and Cointreau …

Remy Cointreau says US cognac sales are rebounding, China weak Read More »

ArcelorMittal shares fall as it warns of trade risks to 2025 steel demand

30 Apr 2025

By Anna Peverieri (Reuters) -Steelmaker ArcelorMittal warned on Wednesday that delays in resolving global trade disruptions due to tariffs could impact its initial steel consumption forecasts for this year, particularly in the United States and China. Its shares fell 4% to the bottom of France’s CAC 40 blue-chip index by 0809 GMT as the comments …

ArcelorMittal shares fall as it warns of trade risks to 2025 steel demand Read More »

Siltronic cuts margin guidance but holds sales outlook, still weighing US tariffs

30 Apr 2025

By Ozan Ergenay (Reuters) -German semiconductor materials supplier Siltronic on Wednesday cut its 2025 core profit margin forecast but confirmed full-year sales guidance, saying it is not yet possible to estimate the impact of U.S. tariffs. The company, whose customers include Infineon, Intel, Samsung and TSMC, now expects a margin of 21% to 25% on …

Siltronic cuts margin guidance but holds sales outlook, still weighing US tariffs Read More »

Italy’s economy holds up in first quarter thanks to domestic demand

30 Apr 2025

By Gavin Jones ROME (Reuters) -The Italian economy grew by 0.3% in the first quarter from the previous three months, preliminary data showed on Wednesday, a slightly stronger reading than expected thanks to positive domestic demand which offset a negative impact from trade flows. On a year-on-year basis, first quarter gross domestic product in the …

Italy’s economy holds up in first quarter thanks to domestic demand Read More »

Wacker Chemie’s quarterly profit slumps on weak solar-grade polysilicon volumes

30 Apr 2025

(Reuters) -German chemical company Wacker Chemie on Wednesday reported a 26% fall in its first-quarter core profit, missing analysts’ expectations, due to reduced volumes of solar-grade polysilicon. The specialty chemicals maker reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of 127 million euros ($144.42 million), falling short of the 135.2 million euros expected by …

Wacker Chemie’s quarterly profit slumps on weak solar-grade polysilicon volumes Read More »

SocGen’s strong first quarter bolsters CEO’s turnaround plan

30 Apr 2025

By Mathieu Rosemain PARIS -Societe Generale beat first-quarter expectations, lifted by retail banking and equities trading, in a boost for CEO Slawomir Krupa’s turnaround drive as the French bank navigates turbulent market conditions. Krupa has embarked the lender on a cost-cutting and asset disposal plan that, after initially failing to restore investor confidence following years …

SocGen’s strong first quarter bolsters CEO’s turnaround plan Read More »

Santander monitors market uncertainty but sticks to higher profits in 2025

30 Apr 2025

By Jesús Aguado MADRID (Reuters) -Santander said on Wednesday it was monitoring market uncertainty very closely, though it stuck to higher profit goals in 2025 after first quarter net profit topped forecasts as robustness in Spain and the U.S. offset weaknesses in Brazil and Mexico. The bank has benefited in the past from higher interest …

Santander monitors market uncertainty but sticks to higher profits in 2025 Read More »

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