Reuters UK Business

By Marc Jones LONDON (Reuters) -The United States and China are unlikely to see a rapid hit to their credit ratings from a trade war, S&P Global’s top sovereign analyst has said, with damage more likely concentrated on poorer countries and those already on downgrade warnings. S&P reaffirmed its “stable” outlook on its AA+ U.S. …

S&P Global sees credit rating breathing room for trade war rivals US and China Read More »

(Reuters) – French sporting goods retailer Decathlon has started a process to sell about 30% stake in its China business, with a deal potentially valuing the unit at about $1 billion or more, Bloomberg News reported on Tuesday. The company is working with an adviser and has attracted initial interest from potential investors, the report …

Decathlon plans to sell 30% stake in China business, Bloomberg News reports Read More »

By Helen Reid and Linda Pasquini (Reuters) -German sportswear maker Adidas held back on Tuesday from raising its 2025 financial forecasts despite strong first-quarter results, saying the uncertainty around U.S. import tariffs was making it difficult to make predictions and plan. CEO Bjorn Gulden said that “in a normal world” the company would have hiked …

Adidas holds back on profit upgrade due to tariff uncertainty Read More »

(Reuters) -Finnish biofuel maker and oil refiner Neste expects U.S. tariffs will have only a limited direct impact on its business, it said on Tuesday, but warned of continuous oversupply in renewable fuel and market volatility. “We expect the European policymakers to safeguard a level playing field and competitiveness of European industrial companies,” Neste Chief …

Biofuel maker Neste expects limited impact from tariffs, but supply glut still weighs Read More »

STOCKHOLM (Reuters) -Shares in appliances maker Electrolux plunged after it lowered its North America market outlook on Tuesday and missed first-quarter profit expectations, saying U.S. President Trump’s import tariff plans hit consumer sentiment. The Swedish company said that although overall market demand was largely unchanged in North America and Europe in the first quarter, increased …

Sweden’s Electrolux braces for more tariff turmoil after Q1 profit lags, shares slump Read More »