Reuters UK Business Archives - Page 1285 of 3179

Grid firm TenneT open to German state involvement with $216 billion spending plan

6 Mar 2025 6 Mar 2025

By Toby Sterling and Christoph Steitz AMSTERDAM (Reuters) -The door remains open for the German state to take a stake in Netherlands-owned grid firm TenneT, company executives said on Thursday, as it seeks fresh equity to support an estimated 200 billion euro ($216 billion) investment program through 2034. Talks for the German state to buy …

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Sterling extends drop versus euro after German fiscal boost

6 Mar 2025 6 Mar 2025

By Samuel Indyk LONDON (Reuters) – The pound extended a slide against the euro on Thursday, dropping to its weakest level since January as the single currency benefited from an improving growth outlook after Germany announced plans to massively boost fiscal spending. Sterling was last at 83.85 pence per euro, down about 0.2% on the …

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Two hurt in blast at Continental site in Hanover, says German fire brigade

6 Mar 2025 6 Mar 2025

BERLIN (Reuters) – Two people were slightly injured in an explosion at a site in Hanover belonging to German car parts maker Continental, a spokesperson for the fire brigade said on Thursday. A further five people were being examined after several windows were shattered on the top floor of a building in the blast, said …

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Galderma to discuss U.S. tariffs with retailers, sees “moving target”

6 Mar 2025 6 Mar 2025

ZURICH (Reuters) – Swiss skincare company Galderma will talk to major American retailers about trade tariffs imposed by the U.S. government in order to manage their impact, CEO Flemming Ornskov said on Thursday. U.S. President Donald Trump this week slapped tariffs of 25% on Canada and Mexico, though his administration later said it would temporarily …

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Ladbrokes owner Entain profit jumps, 2025 view upbeat

6 Mar 2025 6 Mar 2025

By Shashwat Awasthi (Reuters) -British bookmaker Entain reported a 12% rise in annual adjusted core profit on Thursday and said it was comfortable with market expectations for 2025, sending its shares up as much as 7% to their highest in more than two months. Executives at the Ladbrokes, Coral and Eurobet owner, however, remained tight-lipped …

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Harbour Energy reports annual loss, urges reform of UK windfall tax before 2030

6 Mar 2025 6 Mar 2025

By Arunima Kumar (Reuters) -Harbour Energy CEO Linda Cook warned on Thursday that waiting until 2030 for the UK government’s windfall tax to expire would do irreversible damage to Britain’s oil and gas sector, after a surge in the company’s taxes hit 2024 earnings. Harbour, the largest British North Sea oil and gas producer, reported …

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Lufthansa regains ground in ‘year of two halves’, promises restructuring savings

6 Mar 2025 6 Mar 2025

By Rachel More and Joanna Plucinska BERLIN (Reuters) -Lufthansa bounced back with a recovery in the second half of 2024 thanks to strong demand and lower fuel costs that lifted its shares on Thursday following a difficult year impacted by costly strikes and industry-wide delivery delays. Despite falling by over a third on the previous …

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Geberit says Germany infrastructure fund will boost construction sentiment

6 Mar 2025 6 Mar 2025

ZURICH (Reuters) – Germany’s planned 500 billion euro ($539.90 billion)infrastructure fund will boost sentiment in the construction industry in the country, Geberit Chief Executive Christian Buhl said on Thursday. Geberit, which makes pipes and bathroom ceramics, would benefit directly from increased work in public buildings, but get a bigger benefit also from a broader improvement …

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Poor retail sales data highlight euro zone’s consumption slump

6 Mar 2025 6 Mar 2025

FRANKFURT (Reuters) – Euro zone retail sales unexpectedly dipped in January, adding to signs that a long-predicted consumption-led recovery is not yet on the horizon, fresh data from Eurostat showed on Thursday. Retail sales in the 20 nations sharing the euro currency dipped by 0.3% on the month, confounding expectations for a 0.1% rise, as …

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UK firms see faster price rises and smaller pay increases, BoE survey shows

6 Mar 2025 6 Mar 2025

LONDON (Reuters) – British companies expect to raise prices faster in the coming 12 months, and their expectations for staffing numbers eased due to a rise in employment costs in April, a Bank of England survey showed on Thursday. The BoE’s monthly Decision Maker Panel showed businesses expected employment to grow by just 0.1 percentage …

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