Reuters UK Business

UK fraud office encourages firms to self-report wrongdoing

By William James and Sinead Cruise LONDON (Reuters) -Firms that self-report suspected wrongdoing to Britain’s Serious Fraud Office (SFO) and co-operate with investigators will get a chance to avoid prosecution, according to guidance published by the SFO on Thursday. The SFO, which has a remit covering complex financial crimes, fraud and corruption, said companies that …

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UK’s St James’s Place reports $1.9 billion dip in assets on tariff woes

(Reuters) -British money manager St James’s Place on Thursday said its first-quarter managed assets fell by 1.41 billion pounds ($1.87 billion) from the prior quarter amid volatility sparked by U.S. President Donald Trump’s trade tariffs. ($1 = 0.7537 pounds) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Janane Venkatraman)

Sanofi’s quarterly profit boosted by Dupixent and newer drugs; forecast unchanged

By Manas Mishra (Reuters) -France’s Sanofi reported first-quarter profit that beat analysts’ expectations on Thursday, boosted by strong demand for its anti-inflammatory drug Dupixent, as well as newer treatments and vaccines. However, the company left its full-year profit and sales forecasts unchanged, with Chief Financial Officer François-Xavier Roger flagging a “a volatile world where a …

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Air Liquide posts slight Q1 beat, confirms margin guidance

(Reuters) – French industrial gases supplier Air Liquide confirmed its margin outlook and reported slightly higher-than-expected revenue for the first quarter on Thursday, driven by solid performances in its healthcare and electronics divisions. The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, said its revenue rose 1.7% on a …

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Thales posts higher quarterly revenue, maintains 2025 targets

By Tim Hepher PARIS (Reuters) -French defence, aerospace and cyber group Thales reaffirmed full-year forecasts on Thursday after posting stronger-than-expected first-quarter revenue, though new orders dropped compared with major arms deals recorded a year earlier. The company, whose portfolio spans fighter radars to seat-back screens for airlines, said it was looking at ways of softening …

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Husqvarna CEO to step down this year

COPENHAGEN (Reuters) -Husqvarna CEO Pavel Hajman has decided to step down from his position as soon as a new permanent successor is appointed, likely by the end of this year, the Swedish garden equipment and tools maker said on Thursday. “As we approach the end of the group’s current 2025 strategy period, The board and …

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Roche Q1 sales up 7% on drugs Phesgo, Vabysmo

FRANKFURT (Reuters) -Swiss drugmaker Roche said on Thursday its first-quarter sales rose a forecast-beating 7% driven by breast cancer drug Phesgo, eye drug Vabysmo and allergy treatment Xolair. Quarterly group revenues came in at 15.44 billion Swiss francs ($18.64 billion), slightly above average market expectations of about 15.4 billion cited by analysts. Roche said it …

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Toyota’s March overseas sales hit record peak as US buyers rush ahead of tariffs

TOKYO (Reuters) -Toyota Motor said on Thursday that its overseas sales in March touched a record high for the month, fuelled by a surge in North American purchases ahead of U.S. import tariffs that came into effect in early April. The Japanese automaker sold 814,105 vehicles outside its home market in March, a 6.7% increase …

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