By Yoruk Bahceli LONDON (Reuters) -Deutsche Boerse’s derivatives arm Eurex said on Wednesday it will launch futures contracts on the European Union’s joint bonds, marking a key step in boosting the bloc’s profile as a borrower just as it eyes more debt to raise defence spending. Trading will start on September 10, Eurex said in …
-Croda International said on Wednesday it plans to pass on any additional costs from the U.S. tariffs to its customers, as the chemical company looks to shore up its profit amid a high-inflation environment. “Although our well-balanced local manufacturing and procurement model helps to mitigate our direct exposure to tariffs, we are assessing the likely …
UK’s Croda to pass on tariff-related costs to customers through surcharge Read More »
By Alban Kacher and Anna Peverieri (Reuters) -Dutch tank storage group Vopak reported first-quarter earnings slightly below analyst expectations on Wednesday, sending its stock down in early trade. The company reported consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) of 236 million euros ($268.59 million) in the three-month period to March 31. Analysts had …
Dutch firm Vopak posts marginal first-quarter profit miss; stock tumbles Read More »
By Agata Rybska and Jesus Calero (Reuters) -Truck maker Volvo lowered its North America market outlook on Wednesday, pointing to increased uncertainty around tariffs and their impact on global trade, as it reported a bigger-than-expected fall in first-quarter profit. The Swedish group said it now sees the North American heavy truck market at 275,000 new vehicles …
Truck maker Volvo cuts North America truck market outlook amid tariff uncertainty Read More »
By Andy Bruce LONDON (Reuters) -Britain’s government borrowed almost 15 billion pounds more in the financial year that just ended than official budget forecasters had estimated a month ago, according to data that heaped more pressure on the public finances. Public sector net borrowing for the 2024/25 financial year was 151.9 billion pounds ($202.1 billion), …
Britain posts much bigger budget deficit for 2024/25 than expected Read More »
By Dominique Vidalon PARIS (Reuters) -Danone said it was confident about its prospects for 2025 after it beat first-quarter sales expectations on Wednesday, as strong demand in China for infant milk formula and medical nutrition products outpaced weakness in coffee creamers in a competitive U.S. market. The French consumer goods group, whose brands include Evian …
Strong Chinese demand helps Danone to beat sales forecasts Read More »
By Richa Naidu LONDON (Reuters) – Reckitt, the maker of Dettol and Lysol cleaning products, on Wednesday missed first-quarter like-for-like net sales growth estimates as volumes in its top European and North American markets fell, sending its shares down. The company also said that while it was “continuing to progress” the sale of its Essential …
Reckitt misses first-quarter sales estimates, shares slide Read More »
By Giulio Piovaccari and Nick Carey MILAN/SHANGHAI (Reuters) -China’s leading EV maker BYD is overhauling its European operations after strategic missteps including failures to sign up enough dealers and hire executives with local-market knowledge and to offer hybrids in markets resistant to fully electric vehicles, six current and former BYD executives said. BYD has moved …
(Reuters) -Swedish miner Boliden reported first-quarter earnings above market estimates on Wednesday, helped by higher metal prices and stronger U.S. dollar, but warned that trend had reversed since the start of April. The company, which operates seven mines and five smelters in the Nordic region, Ireland and Portugal, said its operating profit nearly doubled to …
Boliden gains from higher metal prices, says it can handle tougher times Read More »
(Reuters) -British wealth manager Quilter exceeded net-inflow expectations for the first quarter on Wednesday, but said its assets in the first few weeks of April trailed quarter-end levels by about 3%, a consequence of market volatility sparked by U.S. President Donald Trump’s volley of tariffs. Quilter’s net inflows rose to 2.18 billion pounds ($2.90 billion) …
Quilter beats inflow forecasts but assets drop amid tariff troubles Read More »
