Reuters UK Business

By Emma Rumney LONDON (Reuters) – U.S. importers, distributors and retailers selling French champagne and Italian wines told Reuters that U.S. President Donald Trump’s threatened 200% tariff on European alcoholic drinks would hit them hard. Trump said the tariffs would be “great for the Wine and Champagne businesses in the U.S.” However, wine importers and …

US importers and retailers of EU wine warn of closures, layoffs from tariffs Read More »

By Francesca Landini MILAN (Reuters) -Italy’s Enel may add a share buyback as a means of rewarding investors, the chief executive of one of Europe’s biggest utilities said on Thursday after presenting 2024 results. The group last year cut its net debt to 2.4 times its core earnings from a 2.7 ratio in 2023 thanks …

Italy’s Enel eyes share buyback to reward investors, CEO says Read More »

WARSAW (Reuters) – Polish central bank Governor Adam Glapinski said on Thursday there were no reasons for cutting interest rates at the moment due to the outlook for inflation and he did not think that the current level of rates was a barrier to economic growth. Poland’s central bank, or NBP, left its main interest …

No reasons for cutting Polish interest rates now, central bank chief says Read More »

PARIS (Reuters) – President Donald Trump’s administration is inflicting more damage on the U.S. economy with its policies than on the rest of the world, France’s central bank head said on Thursday. While disruption was expected after the U.S. presidential election, the shock was proving to be stronger than expected, Bank of France Governor Francois …

Trump policy ‘a tragedy for the American economy,’ French central banker says Read More »

By Stefania Spezzati and Amy-Jo Crowley LONDON (Reuters) -UBS is considering selling part of its asset management division that is largely focused on real estate investments, two people with knowledge of the matter told Reuters, as the bank looks to revamp the group’s smallest business unit. The business area under review includes mainly Swiss real …

Exclusive-UBS considers sale of some real estate assets in asset management unit, sources say Read More »

By Dominique Patton and Mimosa Spencer (Reuters) -Italian luxury brand Gucci has appointed Georgian designer Demna as its artistic director, owner Kering said on Thursday, as it tries to revitalise its struggling flagship label and stop a slide in sales. “His creative power is exactly what Gucci needs,” Kering CEO François-Henri Pinault said in a …

Kering appoints Demna as Gucci’s artistic director Read More »

By Gianluca Semeraro MILAN (Reuters) -Italy’s biggest insurer Generali reported on Thursday a record profit for 2024, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet. The insurer, historically a bulwark of Italy’s financial system, also said it could step up purchases of domestic government bonds, which may be …

Generali posts record profit as AGM tussle looms Read More »