Reuters UK Business

By Pete Schroeder WASHINGTON (Reuters) -Global financial stability risks have increased significantly since the fall, driven largely by heightened economic uncertainty around trade policy and other geopolitical factors, the International Monetary Fund cautioned Tuesday. In its semiannual Global Financial Stability Report, the IMF cautioned tightening financial conditions, coupled with heightened uncertainty, is driving up financial …

IMF says financial stability risks increased significantly amid trade turmoil Read More »

By Giuseppe Fonte ROME (Reuters) -Italy deemed it necessary to set binding conditions before clearing UniCredit’s proposed bid for Banco BPM to avoid “even the slightest risk” of aiding Russia’s economy where UniCredit operates, a decree seen by Reuters showed. UniCredit said on Tuesday the prescriptions could impair its ability to act “prudently” in the …

Italy says terms for UniCredit-BPM tie-up avoid helping Russia Read More »

(Reuters) -British sales and marketing services provider DCC on Tuesday said it will sell its healthcare division to private equity firm Investindustrial Advisors’ investment unit for a total enterprise value of 1.05 billion pounds ($1.41 billion). In November 2024, DCC had said it would exit its healthcare division and also look at options for its …

UK’s DCC to sell its healthcare division for $1.41 billion Read More »

(Reuters) -Britain’s FTSE 100 index edged higher on Tuesday, extending its winning streak to seven consecutive sessions after the long Easter weekend, led by consumer staples and financial shares. The blue-chip FTSE 100 index rose 0.6% to its highest level since April 4 as consumer staples advanced 1.2%. The midcap index was little changed. J …

UK’s FTSE 100 extends gains as consumer staples rally Read More »

By Sukriti Gupta, Medha Singh and Nikhil Sharma (Reuters) -European shares ended slightly higher on Tuesday on the back of rising financials and post-earnings gains in L’Oreal, though sentiment remained shaky after U.S. President Donald Trump’s critique of Federal Reserve Chair Jerome Powell. The pan-European STOXX 600 index ended 0.2% higher, well off session lows, …

European shares close higher as financials, L’Oreal rise; Fed spat still a worry Read More »

By Javi West Larrañaga (Reuters) -The outlook for European corporate health continues to deteriorate, according to analyst forecasts published on Tuesday, as economic uncertainty persists around U.S. tariffs and other policies. European companies are expected to report a drop of 3.5% in first-quarter earnings, according to LSEG I/B/E/S data, worse than the 3% drop analysts …

European first-quarter corporate profits seen down 3.5% as uncertainty weighs Read More »

By Utkarsh Shetti and Mike Stone (Reuters) -Northrop Grumman cut its annual profit forecast after it posted a 49% slump in first-quarter earnings on Tuesday, as it booked losses on its B-21 stealth bomber program due to higher costs, sending its shares down 12%. The company also missed Street estimates for quarterly sales but reaffirmed …

Northrop Grumman cuts 2025 profit forecast on B-21 headwinds, shares slump Read More »

By John Revill ZURICH (Reuters) -Helvetia and Baloise plan to merge to create Switzerland’s second-largest insurance group with a combined business volume of 20 billion Swiss francs ($24.69 billion), the pair said on Tuesday. The new group, to be called Helvetia Baloise Holding, will become one of the ten largest insurers in Europe, under what …

Swiss insurers Helvetia and Baloise to merge to create top 10 company Read More »