Reuters UK Business

Moonpig forecasts revenue dip as consumers cut back spending

3 Apr 2025

(Reuters) -British greeting card retailer Moonpig on Thursday said annual revenue would lag market expectations as consumers rethink their gifting choices in a tough economic environment. In the UK, which accounts for more than 80% of Moonpig’s revenue, consumers have been cutting back on discretionary spending including holiday gifting amid rising living costs and an …

Moonpig forecasts revenue dip as consumers cut back spending Read More »

French services sector contracts again in March, PMI shows

3 Apr 2025

PARIS (Reuters) – France’s dominant services sector contracted for the seventh consecutive month in March, marking its weakest quarterly performance since the fourth quarter of 2023, S&P Global reported on Thursday. The HCOB France services PMI rose to 47.9 in March from 45.3 in February, indicating a slowdown in the contraction rate. Readings above 50.0 …

French services sector contracts again in March, PMI shows Read More »

Wise targets double-digit pretax profit margin by 2026

3 Apr 2025

LONDON (Reuters) -Wise plc expects to deliver underlying income growth of 15-20% and underlying pretax profit margin at the upper end of its target range in its 2026 financial year, citing strong progress on its “money without borders” vision. The British money transfer firm, which is hosting a London-based capital markets event on Thursday, said …

Wise targets double-digit pretax profit margin by 2026 Read More »

Investors add to Bank of England rate cut bets as Trump hikes tariffs

3 Apr 2025

LONDON (Reuters) – Investors added to bets on Bank of England interest rate cuts and government bond yields fell sharply as global markets braced for a hit to trade and growth from U.S. President Donald Trump’s import tariffs on dozens of countries including Britain. Interest rate futures on Thursday pointed to about 62 basis points …

Investors add to Bank of England rate cut bets as Trump hikes tariffs Read More »

Kering buys stakes in Italian eyewear manufacturers Visard, Mistral

3 Apr 2025

PARIS (Reuters) – Gucci owner Kering said on Thursday its high-end eyewear division had signed an agreement to acquire the entire share capital of Italian manufacturer Visard and a minority stake in another Italian company Mistral. The transaction is expected to go through in the third quarter of 2025, Kering said, without giving any financial …

Kering buys stakes in Italian eyewear manufacturers Visard, Mistral Read More »

Swiss tech faces severe blow from Trump tariffs, industry group says

3 Apr 2025

ZURICH (Reuters) – Swiss tech companies are facing a serious setback from trade tariffs imposed by the United States on Switzerland, industry association Swissmem said on Thursday. “The new tariffs are a severe blow to companies in the Swiss tech industry, which are in a difficult situation after many months of declining sales,” Swissmem said …

Swiss tech faces severe blow from Trump tariffs, industry group says Read More »

Luxury, Swiss watchmaker shares take a hit from new U.S. tariffs

3 Apr 2025

(Reuters) – Shares in European luxury companies dropped on Thursday after U.S. President Donald Trump announced new tariffs, including on goods from the European Union and Switzerland. The European Union was targeted with a 20% rate, while Switzerland with a 31% rate – both important markets for luxury. JPMorgan analysts said in a note they …

Luxury, Swiss watchmaker shares take a hit from new U.S. tariffs Read More »

Billionaire Kretinsky secures regulatory approval for Royal Mail takeover bid

3 Apr 2025

(Reuters) – Czech billionaire Daniel Kretinsky’s takeover of Royal Mail-owner International Distribution Services has cleared all regulatory conditions, his company EP Group said on Thursday. The offer may become or be declared unconditional by April 30. The British government approved the 3.57-billion-pound ($4.58 billion) deal in December 2024, and it was expected to close in …

Billionaire Kretinsky secures regulatory approval for Royal Mail takeover bid Read More »

With cellars overflowing, wine makers in Spain’s Rioja fret over US tariffs

3 Apr 2025

By Vincent West FUENMAYOR, Spain (Reuters) – Stockpiles of wine in Spain’s Rioja region have swelled since the pandemic, but producers’ hopes of offloading tannic reds into the U.S. market were dimming ahead of what President Donald Trump is calling his “liberation day” tariffs announcement. Adding to their worries, Trump’s threat of slapping 200% tariffs …

With cellars overflowing, wine makers in Spain’s Rioja fret over US tariffs Read More »

Close Bitnami banner
Bitnami