Reuters UK Business

Italian renewables company ERG scales back investments on cautious outlook

12 Mar 2025

By Alberto Chiumento (Reuters) -Renewable energy company ERG lowered its outlook for asset growth and investment to 2026, citing market volatility, and will instead focus on existing investments until conditions are more stable. The company is also taking a more cautious approach towards the U.S. market amid uncertainty over President Donald Trump’s green energy policies, …

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Mondadori sees small rise in 2025 revenue and earnings, with stable margins

12 Mar 2025

(Reuters) – Italian publisher Mondadori on Wednesday forecast low single-digit percentage growth in its adjusted core profit and revenue in 2025, translating into a stable margin of around 17%. The group, owned by the Berlusconi family’s holding company Fininvest, reported a 3.6% rise in its 2024 adjusted core profit, or earnings before interest, tax, depreciation …

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Roche secures Zealand obesity drug candidate for up to $5.3 billion

12 Mar 2025

By Maggie Fick and Ludwig Burger ZURICH (Reuters) -Roche has acquired rights to an obesity therapy by Denmark’s Zealand Pharma in a collaboration deal worth up to $5.3 billion, as the Swiss drugmaker seeks to boost its prospects in the booming weight-loss market. The agreement covering Zealand’s compound petrelintide, signals renewed efforts by Roche to …

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Rheinmetall expects robust 2025 sales amid Europe’s defence push

12 Mar 2025

By Miranda Murray and Matthias Inverardi BERLIN (Reuters) – Rheinmetall, a major beneficiary of Europe’s big push to invest in defence, said on Wednesday it expects significant sales growth in 2025 and that it would update its outlook to take into account recent developments in the war in Ukraine. “An era of rearmament has begun …

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Oil supplies to Slovakia via Druzhba pipeline have resumed

12 Mar 2025

MOSCOW (Reuters) – Oil supplies to Slovakia via Russia’s Druzhba pipeline have resumed and oil is expected to arrive to the country later on Wednesday, Slovak pipeline operator Transpetrol said. Shipment of crude oil via the Soviet-built Druzhba pipeline Hungary, Slovakia and the Czech Republic have been interrupted over the past days. Hungarian foreign minister …

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Brenntag sees another tough year, but with little impact from US tariffs

12 Mar 2025

By Ozan Ergenay (Reuters) -German chemicals distributor Brenntag expects 2025 to be another challenging year shaped by economic and political uncertainty and subdued global economic growth, though it sees little impact from implemented and upcoming U.S. tariffs. “The situation in the U.S. is what it is, confusing, inscrutable and full of surprises,” CEO Christian Kohlpaintner …

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Sterling little changed against dollar despite US tariff woes

12 Mar 2025

By Yadarisa Shabong (Reuters) – Sterling steadied against the dollar on Wednesday, holding below four-month highs hit in the previous session, as Britain held back from retaliating against U.S. tariffs on steel and aluminium imports, avoiding tit-for-tat moves. The pound was little changed at $1.2943 after hitting $1.29655 on Tuesday, its highest since November 8. …

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French publishers and authors file lawsuit against Meta in AI case

12 Mar 2025

PARIS (Reuters) – France’s leading publishing and authors’ associations have filed a lawsuit against U.S. tech giant Meta for allegedly using copyright-protected content on a massive scale without authorisation to train its artificial intelligence (AI) systems. Representatives for Meta did not immediately respond to a request for comment. The National Publishing Union (SNE), the leading …

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