Reuters UK Business Archives - Page 1060 of 3179

French pen maker BIC cuts 2025 targets on worsening macro environment

23 Apr 2025 23 Apr 2025

(Reuters) -French stationery maker Societe BIC on Wednesday cut its annual guidance for 2025 as first-quarter results missed market expectations, hit by a deteriorating trade environment, notably in the United States. OUTLOOK The producer of the famous Bic Cristal pen cut its yearly guidance for 2025, lowering its expected net sales growth to between 0% …

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UK stocks climb with banks leading after Trump’s Powell U-turn

23 Apr 2025 23 Apr 2025

(Reuters) -Britain’s main stocks indexes rose on Wednesday, led by gains in banks and metal mining companies, while markets also found relief in U.S. President Donald Trump’s reversal of his threats to fire Federal Reserve Chair Jerome Powell. The blue-chip FTSE 100 index was up 0.9%, marking its eighth straight day of gains, while the …

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China says it will handle EU’s WTO appeal according to rules

23 Apr 2025 23 Apr 2025

BEIJING (Reuters) -China confirmed it has received an appeal from the European Union on an intellectual property rights arbitration case at the WTO against it, and will handle the matter according to relevant rules, its commerce ministry said. China will work with other participants under the arbitration arrangement to firmly uphold the rules-based multilateral trading …

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UK’s THG rejects unsolicited bid for sports nutrition brand Myprotein

23 Apr 2025 23 Apr 2025

(Reuters) -British e-commerce firm THG said on Wednesday it had rejected an unsolicited proposal from acquisition vehicle Selkirk to buy its sports nutrition brand Myprotein. The company called the proposal, which valued Myprotein between 400 million pounds and 600 million pounds ($532-$799 million), “largely unfunded, highly conditional and non-binding.” WHY IT MATTERS THG has been …

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Argentex seeks emergency cash and takeover after liquidity crunch

23 Apr 2025 23 Apr 2025

By Sinead Cruise, Chandini Monnappa LONDON (Reuters) -British currency risk management company Argentex is in advanced talks with IFX Payments about a possible offer and emergency funding as it battles to defend the business from whipsawing currency markets. Argentex on Wednesday said liquidity had deteriorated following margin calls, forcing the firm to step up talks …

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Meta opens Threads to advertisers globally

23 Apr 2025 23 Apr 2025

(Reuters) -Meta Platforms said on Wednesday it is expanding advertising on its social network Threads to all eligible advertisers globally, as it looks to generate new revenue streams amid brand uncertainty over tariffs. Launched in July 2023, the Threads app was positioned as a challenger to Elon Musk-owned X, in a bid to win users …

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ECB’s Knot sees inflation falling faster in near term

23 Apr 2025 23 Apr 2025

WASHINGTON (Reuters) – Inflation in the euro zone may fall faster than anticipated in the near term, dragged down by a stronger euro, cheaper fuel and a hit from the United States’ tariffs announcement, European Central Bank policymaker Klaas Knot said on Wednesday. The Dutch central bank governor cautioned, however, that the medium term outlook …

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French media companies sue Meta over business practices

23 Apr 2025 23 Apr 2025

By Sudip Kar-Gupta PARIS (Reuters) -French media companies, including TF1, France TV and BFM TV, are suing Facebook owner Meta over what they say are unlawful business practices, law firms representing them said. In the latest in a series of European legal actions against Meta, the lawsuit was filed on Wednesday before the Paris business …

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Worldline postpones earnings guidance as CEO works on new strategy

23 Apr 2025 23 Apr 2025

By Gianluca Lo Nostro (Reuters) -French digital payments company Worldline will postpone its annual financial outlook update until July, it said on Wednesday, citing its new management and increased global economic volatility. The Paris-based company, which appointed Pierre-Antoine Vacheron as chief executive in March, had said in February that it would issue a more detailed …

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Exclusive-OPEC+ to consider another accelerated oil output increase for June

23 Apr 2025 23 Apr 2025

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) -Several OPEC+ members will suggest the group accelerates oil output hikes in June for a second consecutive month, three sources familiar with OPEC+ talks told Reuters, as a dispute worsens between members over compliance with production quotas. Oil prices hit a four-year low in April, …

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