Reuters UK Business Archives - Page 1153 of 3179

doValue on track to hit 2025 target for new business, could top it, CEO says

1 Apr 2025 1 Apr 2025

MILAN (Reuters) – Italian bad loan manager doValue has reached 80% of its targeted increase in gross loan portfolio for the current year, and it may be able to surpass it, CEO Manuela Franchi said on Tuesday. The Milan-listed company, whose shareholders include U.S. funds Elliott Investment Management, Fortress and Bain Capital Credit, said earlier …

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Looming trade tariffs have yet to hit demand for flights, Walsh says

1 Apr 2025 1 Apr 2025

LONDON (Reuters) – The head of global airlines body IATA said threatened U.S. trade tariffs were unlikely to halt a post-COVID surge in travel demand, and that President Donald Trump’s approach could ultimately be positive for the industry. “It’s additional uncertainty which we never welcome but we’ve always been able to manage,” IATA’s Willie Walsh …

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Factbox-Tesla targeted by vandalism over Musk’s right-wing activism

1 Apr 2025 1 Apr 2025

(Reuters) – Tesla cars, infrastructures and offices have become targets of vandalism in several countries in response to CEO Elon Musk’s right-wing activism. Musk, a close ally of U.S. President Donald Trump and head of the U.S. Department of Government Efficiency, has stirred controversy by courting far-right parties in Europe. In recent weeks, people have …

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Analysis-German fiscal bonanza adds to European debt strains and defence challenge

1 Apr 2025 1 Apr 2025

By Yoruk Bahceli LONDON (Reuters) – Germany’s fiscal bonanza may boost European economic growth, but for its debt-laden neighbours the accompanying higher borrowing costs are eating into their already limited ability to ramp up defence spending. Borrowing costs in Italy, France and Spain have mostly matched the 20 basis-point rise in benchmark Germany, the bloc’s …

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Aurubis CEO remains upbeat on new year

1 Apr 2025 1 Apr 2025

HAMBURG (Reuters) – The CEO of Aurubis AG, Europe’s largest copper producer, remains optimistic for its new financial year, with a strong performance expected partly due to robust demand for metals despite the uncertain economic environment. “For the current financial year we expect continued strong demand for our multi-metal and copper production,” Aurubis CEO Toralf …

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Trump tariffs triggered big Q1 plunge in market values for top global firms

1 Apr 2025 1 Apr 2025

(Reuters) – Top global corporations experienced the largest quarterly erosion of market values in nearly three years in the first quarter of 2025, hit by tariffs imposed by U.S. President Donald Trump, which are fuelling heightened concerns of a U.S. recession. According to LSEG data, the top 10 global companies saw a 13.2% decrease in …

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Ukraine power imports rise 11% in March, consultancy says

1 Apr 2025 1 Apr 2025

KYIV (Reuters) – Ukraine, whose power system has been under constant Russian missile and drone attacks, increased electricity imports by 11% to 272 Gigawatt hours in March from February, Ukrainian ExPro consultancy said on Tuesday. ExPro said in a report that 42% of the volume was imported from Hungary, 19% from Slovakia, 18% from Poland …

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EasyJet CEO strikes positive note on early summer demand

1 Apr 2025 1 Apr 2025

By Angelo Amante ROME (Reuters) – Budget airline easyJet is seeing good momentum on bookings going into the summer season, its chief executive said on Tuesday, with the late timing of Easter this year having affected travel patterns. CEO Kenton Jarvis said March had been a challenging month but that the outlook was brighter for …

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EasyJet expands presence at Rome’s Fiumicino airport

1 Apr 2025 1 Apr 2025

By Angelo Amante ROME (Reuters) – British airline easyJet on Tuesday said it was launching five additional routes from Rome’s main airport of Fiumicino, as part of a broader strategy to expand its presence in Italy, which has become the carrier’s second largest market. The low-cost company said new flights to Frankfurt, Hamburg, Munich, Zurich …

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UK launches probe into data issues at statistics office

1 Apr 2025 1 Apr 2025

LONDON (Reuters) – Britain’s government on Tuesday launched an investigation into the effectiveness and delivery of official economic data published by the Office for National Statistics, which has come under fire for its unreliable labour market figures. The probe, commissioned by the Cabinet Office and the UK’s Statistics Authority regulator, will start this week and …

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