Reuters UK Business

Nestle beats quarterly sales estimates, says indirect tariff impact ‘unclear’

24 Apr 2025

By Richa Naidu LONDON (Reuters) – Nestle on Thursday said the indirect impact of U.S. tariffs was “unclear” and posted better-than-expected first-quarter organic sales growth, as the world’s biggest packaged food company hiked prices for its Kit-Kat chocolate bars and Nescafe coffee. The Swiss company maintained its 2025 outlook, saying it still expects organic sales …

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ECB eyeing more nimble policy moves amid price shocks, Bloomberg News reports

24 Apr 2025

(Reuters) -The European Central Bank is set to consider changing its monetary-policy strategy to enable more nimble responses to price shocks as the global environment becomes increasingly volatile, Bloomberg News reported on Thursday. ECB Governing Council members will discuss the case for such a shift at an informal retreat on May 6-7 in Porto, Portugal, …

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UK, Eni agree to go ahead with Liverpool Bay carbon capture project

24 Apr 2025

MILAN/LONDON (Reuters) -The British government and Italian energy group Eni have reached an agreement for the launch of the Liverpool Bay carbon capture (CCS) project, they said on Thursday, opening the way to the construction phase for the initiative. The government said last year it would provide funding of up to 21.7 billion pounds ($28.76 …

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Explainer-What are Ukraine’s GDP warrants and why are they creating problems for Kyiv?

24 Apr 2025

By Libby George and Marc Jones LONDON (Reuters) -Ukraine on Thursday said talks with holders of its $3.2 billion worth of GDP-linked debt had concluded without an agreement. Here is a look at what the so-called ‘Warrants’ are, how they differ from Ukraine’s other debt, and why Kyiv wants to restructure them.    WHAT IS …

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Ukrainian railways expects freight tariff increase soon

24 Apr 2025

KYIV (Reuters) – Ukraine’s state rail company expects the government to increase freight transport tariffs soon, despite opposition from farmers and steelmakers, a senior company official said on Thursday. Ukrzaliznytsia said last year it wanted to raise freight tariffs by 37% to meet significant price rises for fuel, electricity and equipment repairs as it tries …

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Volvo Cars appoints new CFO in latest management change

24 Apr 2025

STOCKHOLM (Reuters) -Sweden-based Volvo Cars has appointed Fredrik Hansson as its new chief financial officer (CFO) effective immediately, it said on Thursday in the latest change to the auto maker’s management. Last month, Volvo Cars unexpectedly brought back former CEO Hakan Samuelsson to head the group for the next two years at a turbulent time …

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EU to present roadmap in May to phase out all imports of Russian fossil fuels

24 Apr 2025

LONDON (Reuters) – The European Commission will in the next two weeks present a roadmap on how it intends to phase out all imports of Russian fossil fuels, its President Ursula von der Leyen said at an energy event in London on Thursday. The European Commission has pledged to quit Russian fossil fuels by 2027 …

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BNP Paribas CFO: Two elements to AXA IM deal explain capital hit

24 Apr 2025

By Mathieu Rosemain PARIS (Reuters) -The European Central Bank sees two elements to BNP Paribas’ 5.1-billion-euro ($5.8 billion) acquisition of AXA’s asset management arm, BNP’s finance chief said on Thursday, explaining the capital requirements made by the central bank. “The AXA deal that we have signed consists actually of two different items,” Lars Machenil told …

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