Reuters UK Business

By Javi West Larrañaga (Reuters) -The outlook for European corporate profitability has worsened, LSEG I/B/E/S forecasts showed on Tuesday, as the uncertainty caused by U.S. President Donald Trump’s tariffs persists. European companies are expected to report a 3% drop in first-quarter earnings, the forecasts showed, a deeper decline than the 2.2% drop analysts expected a …

European first-quarter corporate profits expected down 3% on tariff turmoil Read More »

VIENNA (Reuters) -The petrochemical plant at Austrian oil and gas company OMV’s Schwechat refinery near Vienna suffered an outage on Tuesday, causing it to switch to high-flare operations that alarmed passersby and prompted calls to the fire brigade. Schwechat is OMV’s biggest refinery, which the company describes as one of the biggest in Europe with …

OMV’s Schwechat petrochemical plant suffers ‘operational disruption’ Read More »

(Reuters) -British pharmaceutical giant GSK has not met required ethical and regulatory standards in the marketing and prescription information for its Omjjara drug, an industry self-regulatory body said on Tuesday. Omjjara is used to treat symptoms such as an enlarged spleen in adults with myelofibrosis – a rare bone marrow blood cancer – and moderate …

GSK in breach for misleading prescription information on Omjjara, industry body says Read More »

By Medha Singh, Sukriti Gupta and Shashwat Chauhan (Reuters) – European shares rose on Tuesday as investors weighed fast-changing U.S. tariff plans, while shares of LVMH slumped after the luxury sector bellwether missed first-quarter sales estimates due to weak sales in the United States and China. The pan-European STOXX 600 gained 1.6%, with most regional …

European shares advance as Trump hints at auto-related tariff relief; LVMH plunges Read More »

By Tim Hepher (Reuters) -Europe’s Airbus reaffirmed forecasts for the year but cautioned on Tuesday that it was still assessing the impact of trade tensions on its operations – simultaneously hit by an engine shortage that has forced it to store up undelivered jets. Guillaume Faury, CEO of the world’s largest planemaker, told shareholders Airbus …

Airbus affirms 2025 targets but is still assessing impact of trade tensions Read More »

(Reuters) -Britain’s main indexes surged on Tuesday, led by financial and defence stocks, after U.S. President Donald Trump signalled possible exemptions on auto-related levies and investors assessed job market data for monetary policy insights. The blue-chip FTSE 100 index was up 1.4% and the midcap index gained 1.5%. Trump on Monday indicated he was considering …

UK stocks gain on financial, defence boost amid tariff relief Read More »

LONDON (Reuters) – Britain’s energy regulator is expected to confirm major reforms to grid connections to boost investment in clean energy and infrastructure projects on Tuesday, the government said. Under the existing system, “zombie” projects can hold up the queue for connections, leaving promising businesses waiting up to 15 years to be connected, it said. …

UK’s energy regulator to confirm electricity grid reforms Read More »

By Alban Kacher and America Hernandez (Reuters) -TotalEnergies boosted production and benefited from better gas sales in the first three months of 2025, though its refining branch is still recovering from an industry-wide drop in profitability, it said in a trading update on Tuesday.  The French oil major’s shares were up 0.5% at 1035GMT. It …

TotalEnergies flags higher production, gas sales ahead of Q1 results Read More »

By John Revill ZURICH (Reuters) -Optimism in parts of the U.S. construction industry has fallen in the wake of President Donald Trump’s unpredictable trade policies, construction chemicals maker Sika’s Chief Executive Thomas Hasler said on Tuesday. “We had a very strong start to the year and people were very optimistic about infrastructure investments and reshoring,” …

US construction optimism hit by Trump trade policies, says Sika CEO Read More »