Reuters UK Business

Britain’s PRA stops short of daily liquidity monitoring amid Trump tariff turmoil

29 Apr 2025

By Sinead Cruise and Lawrence White LONDON (Reuters) -Britain’s banking stability watchdog has not yet seen reason to require banks to report daily liquidity levels despite the market chaos unleashed by U.S. President Donald Trump’s tariffs, Prudential Regulation Authority CEO Sam Woods told a hearing of lawmakers on Tuesday. “What we’ve done is step up …

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Atlas Copco posts quarterly earnings miss, expects weaker customer activity

29 Apr 2025

(Reuters) -Swedish industrial group Atlas Copco on Tuesday reported a first-quarter operating profit below market expectations and said it expects customer activity to weaken somewhat in the short term. The maker of air treatment systems, construction gear and power tools had previously said in January that it expected customer activity in the near term would …

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Spain’s Petronor gradually restarting Bilbao oil refinery after power blackout

29 Apr 2025

LONDON (Reuters) -Spain’s Petronor is gradually restarting its Bilbao oil refinery after shut down caused by a widespread power blackout that affected Spain and Portugal, a spokesperson said on Tuesday. Petronor, a majority owned subsidiary of Repsol, said on Monday it had shut all units at the refinery due to the power blackout in the …

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Rising tariffs could curb European power demand, Vattenfall CEO says

29 Apr 2025

By Nora Buli OSLO (Reuters) -Turbulence caused by international trade tariffs could curb growth in energy demand in Europe as companies pause investments in new factories, the CEO of Swedish utility Vattenfall told Reuters on Tuesday. The company, with operations across northern Europe including Britain and Germany, said large industrial clients that are active in …

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Sweden’s Epiroc sees limited impact from tariffs, CEO says

29 Apr 2025

By Elviira Luoma (Reuters) -Swedish mining and construction equipment maker Epiroc is expecting “limited impact” from tariffs, its CEO said on Tuesday, after the company reported first-quarter operating profit slightly below market expectations. CEO Helena Hedblom told Reuters that Epiroc will have to take more actions if the situation escalates, adding that the company is …

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UK’s THG reports lower first-quarter revenue; issues tariff warning

29 Apr 2025

(Reuters) -British e-commerce firm THG reported a drop in first-quarter revenue on Tuesday and warned that U.S. tariffs will indirectly affect its performance in the second half of the year. While the impact is expected to be less than 1 million pounds ($1.34 million) before any mitigating actions, it is compounded by the higher operating …

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France’s Schneider slides after Q1 sales miss, margin outlook cut

29 Apr 2025

(Reuters) – Shares in Schneider Electric fell as much as 8.2% on Tuesday after the electrical equipment maker on Monday reported first-quarter revenue below market expectations and cut its annual core profit margin outlook.  The group’s first quarter revenue rose 7.4% organically to 9.33 billion euros ($10.67 billion), missing analysts’ consensus of 9.47 billion euros …

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Ladbrokes owner Entain’s shares rise as Stella David named CEO

29 Apr 2025

By Shashwat Awasthi and Simone Lobo (Reuters) -Ladbrokes owner Entain named Stella David as its permanent CEO on Tuesday, sending the British bookmaker’s shares higher as her appointment had been backed by shareholders and investors favoured her stable corporate strategy. David had been interim CEO since Gavin Issacs resigned in February after just five months in …

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