Reuters UK Business

(Reuters) -Swedish industrial group Trelleborg sees a limited direct impact from U.S tariffs, which it expects to manage through production adjustments and price hikes, it said on Thursday. Trelleborg, which has more than 100 manufacturing facilities around the world, including in the U.S., will address tariff challenges through optimising and localising its production, price management …

Trelleborg to adjust prices and production to offset ‘limited’ tariff impact Read More »

MOSCOW (Reuters) – Armenian investment fund Balchug Capital has completed an acquisition of the Russian subsidiary of U.S. bank Goldman Sachs, the firm said in a statement. Russian President Vladimir Putin gave the green light for Balchug Capital to purchase Goldman Sachs’ subsidiary in January, paving the way for the U.S. bank to withdraw from …

Armenian fund completes acquisition of Goldman Sachs’ Russian unit Read More »

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 …

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

By Elena Fabrichnaya MOSCOW (Reuters) – Raiffeisen Bank International (RBI) said it plans another appeal after a Russian court on Thursday upheld an earlier ruling that it must pay over 2 billion euros ($2.28 billion) in damages over a collapsed investment deal. Austria’s RBI was ordered to pay the money to Russian investment company Rasperia …

RBI vows to fight Russian court ruling upholding 2 billion euros in damages Read More »

By Mimosa Spencer PARIS (Reuters) -Shares of Kering traded down 5% in European morning trade on Thursday, after the group reported a first-quarter sales drop that was worse than analysts’ expectations. Kering after the market close on Wednesday posted a 14% decline in sales, with a 25% drop at flagship label Gucci, the latest signal …

Gucci-owner Kering’s shares down 5% after Q1 sales disappoint Read More »

By Chandini Monnappa (Reuters) -Unilever beat estimates for first-quarter underlying sales growth on Thursday, helped by price increases and strong demand for its premium products, and said it expected the direct impact of tariffs to be limited. Consumer goods companies, already struggling to regain customer loyalty after years of sharp price increases, have in recent …

Unilever beats quarterly sales estimate driven by price hikes and demand Read More »

By Anastasiia Kozlova and SimonFerdinand Eibach (Reuters) – Swiss logistics group Kuehne+Nagel posted higher first-quarter profitability and maintained its 2025 outlook on Thursday, helped by market share gains and effective cost management. Analysts predict a volatile year for the shipping and logistics sectors, however, as U.S. President Donald Trump’s tariff offensive and the resulting trade …

K+N posts jump in operating profit, confirms outlook despite tariff turbulence Read More »