Reuters UK Business

(Reuters) -NXP Semiconductors NV said on Monday CEO Kurt Sievers would retire by the end of the year, and insider Rafael Sotomayor would succeed him. Shares of the company fell more than 7% in extended trading following underwhelming forecast and beat. Sotomayor will take on the role of the president effective Monday, and will become …

NXP’s CEO to retire this year, insider Sotomayor to take over Read More »

By Anna Peverieri (Reuters) -Electrical equipment maker Schneider Electric cut its 2025 implied core profit margin outlook on Monday due to the impact of foreign exchange rates, after its sales missed market expectations in the first quarter. Schneider Electric, which develops AI-related data centre cooling systems, now sees 2025 adjusted earnings before interest, taxes and …

Schneider Electric confirms 2025 outlook implying a lower adjusted EBITA margin Read More »

BRUSSELS (Reuters) – The European Commission has approved €321.2 million in restructuring aid granted by Germany for Condor under EU State aid rules, it said on a statement on Monday. The decision follows a May 2024 court ruling that annulled the Commission’s earlier 2021 decision after Irish airline Ryanair challenged the 2019 government bailout of …

EU approves €321.2 million aid for German airline Condor Read More »

MADRID (Reuters) -Puig, the Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, reported an 8% rise in first-quarter sales on Monday, beating analysts’ expectations. The company reported 1.21 billion euros ($1.38 billion) in sales during the first three months of the year, beating a FactSet consensus of 1.19 billion euros cited …

Rabanne owner Puig posts 8% rise in first-quarter sales Read More »

LONDON (Reuters) – Retailers including grocery chain Lidl and furniture giant IKEA shut stores across Spain and Portugal as a huge power outage caused chaos across swathes of the two countries on Monday. Businesses were taking the measures “to prevent panic buying and ensure the safety of all,” retail industry association EuroCommerce said. Shops were …

Lidl, IKEA shut stores in Spain and Portugal amid power outage Read More »

By Aatreyee Dasgupta (Reuters) -Sabre Corp said on Monday it will sell its hospitality software platform to asset manager TPG for $1.1 billion and use the cash to pare its debt, lifting the travel technology provider’s shares nearly 26% in early trading. The stock is now up 13.5%. The company had a market capitalization of …

Sabre to cut debt with $1.1 billion sale of hospitality software to TPG, shares jump Read More »

(Reuters) – Europe’s top ammunition maker Rheinmetall on Monday posted a 46% rise in preliminary first-quarter sales due chiefly to strength in its defence business, beating market expectations. Group sales for the quarter came in at 2.31 billion euros ($2.63 billion), above analysts’ expectation of 1.95 billion euros, according to a consensus compiled by Vara …

Rheinmetall’s first-quarter sales beat expectations, boosted by defence business Read More »