Reuters UK Business

(Reuters) -Potential U.S. tariffs on products from Mexico and Europe could curb sales volumes at Brembo, its chairman said on Tuesday, as the Italian brake maker forecast a revenue drop of about 5% this year. U.S. President Donald Trump agreed at the beginning of March a one month exemption to certain automotive products from his …

Brembo sees lower revenues and risk of volume hit from US tariffs Read More »

By Darya Korsunskaya and Gleb Bryanski MOSCOW (Reuters) – Russian President Vladimir Putin urged his economic officials on Tuesday not to freeze the Russian economy as if it were in a “cryotherapy chamber” with their tight monetary policy ahead of Friday’s rate decision. All 29 economists in a Reuters poll predict that the central bank …

Putin urges officials not to freeze Russian economy in ‘cryotherapy chamber’ Read More »

By Emma-Victoria Farr FRANKFURT (Reuters) -German pharmaceuticals company Stada has postponed a planned initial public offering (IPO) in Frankfurt because of market volatility, two people familiar with the matter told Reuters on Tuesday. Bankers preparing the potential offering for Stada’s shareholders Bain Capital and Cinven advised against going ahead with the listing this week, citing …

Stada reschedules IPO due to market volatility, sources say Read More »

(Reuters) -British stocks closed higher on Tuesday, boosted by miners and bank stocks ahead of a rate decision by the Bank of England (BoE) later this week. The blue-chip FTSE 100 gained 0.3%, continuing gains for a fifth straight day. The banks index was up 2.2%, leading sectoral gains. Heavyweight HSBC was among the biggest …

Banks, mining stocks lift FTSE 100 ahead of BoE rate call this week Read More »

By Nikhil Sharma and Purvi Agarwal (Reuters) – German equities closed higher on Tuesday, after the parliament approved plans for a massive spending surge, while investors awaited details from a call between U.S. and Russian leaders with a potential Ukraine peace deal on the line. The blue-chip index closed up 1% after hitting an intraday …

European shares climb after German lower house passes fiscal reform bill Read More »

(Reuters) – German sugar producer Suedzucker’s core earnings (EBITDA) came in ahead of the firm’s guidance, the company said on Tuesday as it released preliminary full-year results. Europe’s largest sugar producer said it achieved earnings before interests, taxes, depreciation and amortization of 715 million euros ($782.42 million), ahead of the company’s guidance for the upper …

Suedzucker beats full-year core earnings guidance Read More »

By Maggie Fick LONDON (Reuters) -Drugmakers are urging the Trump administration and European Union officials to exclude medical goods from expanding tariff wars, hoping to avert price spikes on top-selling medicines made in Europe from Novo Nordisk’s Wegovy for weight loss to Merck’s cancer immunotherapy Keytruda. In conversations with U.S. officials, the pharmaceutical industry argued …

Big pharma fears best-selling drugs in crosshairs of US-EU tariff spat Read More »

COPENHAGEN (Reuters) -Maersk on Tuesday denied shipping arms or ammunition to Israel during its war in Gaza in response to a shareholder proposal at its annual general meeting (AGM) but acknowledged shipping military-related cargo. “Maersk has a strict policy of not shipping weapons or ammunitions into any active conflict zone,” CEO Vincent Clerc told shareholders. …

Maersk denies shipping arms to Israel during Gaza conflict Read More »