Reuters UK Business

By Marleen Kaesebier and Javi West Larrañaga (Reuters) -The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday, amid optimism over potential U.S. trading deals with key partners, especially China. European companies are expected to report a drop of 1.7% in first-quarter earnings, on average, according to LSEG I/B/E/S data, …

European first-quarter corporate profits seen falling 1.7% as trade war tensions abate Read More »

WASHINGTON (Reuters) – President Donald Trump will sign an executive order on auto tariffs on Tuesday, White House Press Secretary Karoline Leavitt said at a news briefing. (Reporting by Andrea Shalal and Doina Chiacu)

By Joanna Plucinska and Rachel More BERLIN (Reuters) -German airline Lufthansa stuck to its 2025 financial guidance on Tuesday and said it was optimistic about the key summer season, striking a more upbeat tone than some rivals while cautioning it was monitoring the impact of trade tensions. European airlines are entering the first-quarter earnings season …

Lufthansa strikes upbeat tone, but monitoring for US demand weakness Read More »

By Robert Harvey LONDON (Reuters) -Scotland’s only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said in a statement, as the site transitions to an import terminal. Petroineos – a joint venture between Ineos, founded by British billionaire Jim Ratcliffe, and Chinese state-owned PetroChina – confirmed in September that the Grangemouth refinery …

Crude processing ends at Scotland’s Grangemouth oil refinery, redundancies start Read More »

By Ananya Mariam Rajesh (Reuters) – Coca-Cola’s quarterly revenue and profit beat estimates on Tuesday thanks to price hikes and strong demand for its sodas, but the beverage giant warned U.S. tariffs could impact costs and hurt consumer sentiment going ahead. It also maintained full-year forecasts for organic revenue and comparable profit, unlike PepsiCo and …

Coca-Cola beats results estimates, warns tariffs could hurt sentiment Read More »

By Marie Mannes STOCKHOLM (Reuters) -Volvo Cars announced 18 billion Swedish crowns ($1.87 billion) in cost cuts and a restructuring of its U.S. operations on Tuesday and withdrew its earnings forecast for the next two years, sending shares down 10%.  The group, one of the most exposed European automakers to U.S. tariffs as most of …

Trump tariffs force Volvo Cars to drop guidance, launch cost cuts Read More »

By Helen Reid LONDON (Reuters) – Fees should be charged on low-value e-commerce packages coming into the European Union from next year, France said on Tuesday, as it seeks greater controls on online platforms such as Shein and Temu that ship cheap items to European consumers duty-free. The EU plans to scrap its duty-free treatment …

France urges fees on cheap e-commerce parcels in EU Read More »