Reuters UK Business

Shipping firm Maersk expects continued US growth but warns of rising uncertainty

2 Apr 2025

By Stine Jacobsen COPENHAGEN (Reuters) -Danish shipping company Maersk has benefited from robust U.S. demand so far this year and expects that to continue, though the outlook could be clouded by U.S. President Donald Trump’s tariff plans, it said on Wednesday. Maersk’s regular global market outlook was published before Trump is expected to announce fresh …

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Stellantis agrees 350 job cuts in southern Italy with unions

2 Apr 2025

MILAN (Reuters) -Carmaker Stellantis has signed a deal with trade unions for 350 voluntary exits from its Pomigliano and Pratola Serra plants in southern Italy, the Fiom union said on Wednesday. A spokesman for Stellantis said the layoffs involved employees close to retirement age and were in line with overall plans presented in December to …

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Trade fragmentation to curb global growth, raise inflation, ECB’s Schnabel says

2 Apr 2025

FRANKFURT (Reuters) – Global inflation could surge in case of trade fragmentation caused by a trade war and growth is likely to take a hit, European Central Bank Isabel Schnabel said in a presentation on Wednesday. A severe disruption in global trade could push up inflation by several percentage points in the initial years while …

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Novo Holdings nearly doubles earnings as Wegovy swells coffers

2 Apr 2025

By Maggie Fick and Stine Jacobsen LONDON/COPENHAGEN (Reuters) -Novo Holdings, the controlling shareholder of obesity drugmaker Novo Nordisk, nearly doubled annual income and investment returns to a record 8 billion euros ($8.66 billion) in 2024, it said on Wednesday. Fuelled by dividends from the company behind blockbuster weight-loss drug Wegovy and diabetes treatment Ozempic, Novo …

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Heathrow boss criticised over resilience as lawmakers probe shutdown

2 Apr 2025

LONDON (Reuters) – The boss of Heathrow came under fire for an 18-hour shutdown at the airport last month after an airline representative said he had raised concerns about the hub’s resilience days earlier, as lawmakers scrutinised the nationally embarrassing incident. A blaze at a substation near to the airport caused the closure on March …

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Italy’s Intesa plans SRT tied to $1.62 billion of ESG corporate loans, Bloomberg News reports

2 Apr 2025

(Reuters) – Italy’s Intesa Sanpaolo is planning to sell a significant risk transfer tied to a portfolio of corporate loans, Bloomberg News reported on Wednesday. The bank is discussing with investors an SRT deal tied to about 1.5 billion euros ($1.62 billion) of environmental, social and governance labeled loans, the report said, citing people familiar …

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Switzerland expands export controls on dual-use goods

2 Apr 2025

(Reuters) – Switzerland has expanded export controls on dual-use goods especially those in evolving technologies such as quantum computing, semiconductors, artificial intelligence and additive manufacturing, a government statement said on Wednesday. “This will ensure that Swiss export controls continue to be internationally harmonised, and that new technologies and future technological developments continue to be subject …

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Russia charges farming billionaire Moshkovich with embezzling 30 billion roubles, TASS reports

2 Apr 2025

MOSCOW (Reuters) -Prosecutors on Wednesday charged Vadim Moshkovich, the billionaire founder of Russia’s top agriculture company Rusagro, with embezzlement of 30 billion roubles ($357 million), state news agency TASS reported. Moshkovich, a former member of the upper house of Russia’s legislature who Forbes says has a fortune of $2.7 billion, was arrested last week alongside …

Russia charges farming billionaire Moshkovich with embezzling 30 billion roubles, TASS reports Read More »

UK’s Raspberry Pi sees demand building for its low-cost computers

2 Apr 2025

By Paul Sandle and Shashwat Awasthi LONDON (Reuters) -British single-board computer maker Raspberry Pi forecast a steady build-up in demand this year after it narrowly beat 2024 earnings expectations, helped by sales of its flagship Raspberry Pi5 as well as its semiconductor units. The group, which went public in June last year, produces low-cost SBCs, …

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US inflation swaps price in big short-term tariff impact, flag recession risk

2 Apr 2025

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Investors in financial derivatives called U.S. inflation swaps are betting that President Donald Trump’s tariffs will have a hefty short-term impact on consumer prices that will recede in the next few years as recession concerns escalate. Inflation swaps are used to hedge against a rise in prices. They have …

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