Reuters UK Business

LONDON/NEW YORK/WASHINGTON (Reuters) – With each day, evidence is mounting across the corporate world that the chaotic implementation of U.S. President Donald Trump’s tariffs is translating into caution on Main Street. The uncertainty brought by Trump’s threats of tariffs and his shape-shifting trade policies is starting to have a chilling effect across many industries, businesses …

Businesses sound alarm as Trump tariff chaos hits the economy Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines said on Tuesday it would start charging some customers for checked bags, ending a unique free policy, as the company’s lackluster earnings have fueled pressure to revamp its business model. The changes mark yet another departure for the Texas-based carrier’s passenger-friendly policies. Last year, Southwest announced plans …

Southwest Airlines shifts to paid baggage policy to lift earnings Read More »

(Reuters) -German sportswear Puma said on Tuesday it expects quarterly currency-adjusted sales growth to be in a low single-digit percentage, below the previous year’s level, due to a soft performance in the U.S. and China. The company expects to incur one-time costs of up to 75 million euros ($81.96 million) in 2025 as part of …

Puma sees quarterly sales drop on US, China performance Read More »

(Reuters) – British investment firm Rosebank Industries walked away from buying U.S.-based wire harness maker Electrical Components International (ECI) on Tuesday, citing political and equity markets volatility. “It disappointingly became clear that the current volatility in the political and equity markets meant it was not, at this moment, in our investors’ best interests to proceed,” …

UK’s investment firm Rosebank drops plans to buy US-based wire harness maker ECI Read More »

By Francesca Landini and Cristina Carlevaro MILAN (Reuters) -Italy’s antitrust has conditionally approved the acquisition of 2i Rete Gas by domestic rival Italgas, the largest gas distributor in Europe, the authority said on Tuesday. Italgas agreed in October to buy 2i Rete Gas for 5.3 billion euros ($5.8 billion), marking a significant move in the …

Italy clears Italgas’ deal for 2i Rete Gas with conditions Read More »

By Ludwig Burger FRANKFURT (Reuters) -Germany’s financial markets watchdog has started an initial probe to examine whether Bayer fairly disclosed plans to get shareholder approval for a potential capital increase, a regulatory source told Reuters on Tuesday. Under the “routine” investigation that was triggered by the strong decline in Bayer’s share price last Friday, watchdog …

Exclusive-Bayer share drop draws market regulator’s scrutiny, source says Read More »

By Amy-Jo Crowley and Alexander Hübner LONDON (Reuters) -Belgian insurer Ageas has retained advisors to explore a bid for British motor and home insurer esure, four people familiar with the matter told Reuters, as part of plans to consolidate the UK personal lines market. Germany’s Allianz has also been working on an offer for esure …

Ageas and Allianz explore bids for British insurance group esure, sources say Read More »

By Jan Strupczewski BRUSSELS (Reuters) – European Union finance ministers on Tuesday backed a proposal to use the flexibility in the bloc’s revised fiscal rules to spend more on defence without triggering disciplinary steps from Brussels for excessive borrowing, Poland said. The ministers’ talks follow an EU summit last week which agreed to boost defence …

EU ministers back proposal of temporary exemption on defence spending in EU rules Read More »