Reuters UK Business

Caltagirone has raised his stake in Generali to 8%, MF daily says

4 Mar 2025

ROME (Reuters) -Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate comment. According to MF, the businessman strengthened his position in Generali via put and call contracts underwritten with Banca Finnat. Caltagirone spent overall …

Caltagirone has raised his stake in Generali to 8%, MF daily says Read More »

Qatar Airways boosts Berlin flights but bides time on new German destinations, CCO says

4 Mar 2025

BERLIN (Reuters) – Qatar Airways is expanding in Berlin but will wait at least another year before adding further German destinations due to sluggish plane deliveries, the company’s chief commercial officer said on Tuesday. “A couple of destinations are on our radar,” CCO Thierry Antinori said in Berlin on the sidelines of the ITB travel …

Qatar Airways boosts Berlin flights but bides time on new German destinations, CCO says Read More »

Federer-backed On beats holiday-quarter sales, profit estimates on brand awareness push

4 Mar 2025

(Reuters) -On Holding reported fourth-quarter sales and profit above Wall Street estimates on Tuesday as its brand awareness initiatives helped drive strong holiday demand for its shoes and sportswear offerings. Its shares rose about 4% in premarket trading. The Roger Federer-backed Swiss company has been gaining market share rapidly, challenging bigger rivals Adidas and Nike …

Federer-backed On beats holiday-quarter sales, profit estimates on brand awareness push Read More »

Orban ally takes over at Hungary central bank amid inflation, growth risks

4 Mar 2025

By Gergely Szakacs BUDAPEST (Reuters) – Former Hungarian finance minister Mihaly Varga took over as central bank governor on Tuesday, pledging an independent policy course amid a strong rebound in inflation and growing threats to economic growth. In November, Prime Minister Viktor Orban nominated Varga to succeed outgoing Governor Gyorgy Matolcsy, turning to an ally …

Orban ally takes over at Hungary central bank amid inflation, growth risks Read More »

HSBC kicks off search for new UK CEO

4 Mar 2025

LONDON (Reuters) -HSBC has kicked off a process to find a new CEO for its UK business after appointing Ian Stuart to a newly created role in charge of customer engagement and culture, the bank said on Tuesday. The move is part of the lender’s transition to a “simpler, more dynamic, agile organisation” by operating …

HSBC kicks off search for new UK CEO Read More »

Beazley’s shares hit record after insurer’s profit beat, limited LA wildfire losses

4 Mar 2025

By Yamini Kalia (Reuters) – British insurer Beazley’s shares hit a record high on Tuesday after it beat annual pretax profit expectations and estimated its losses from the Los Angeles wildfires would be much lower than its peers. Lloyd’s of London insurer also launched a $500 million share buyback. Last year was tough for insurers …

Beazley’s shares hit record after insurer’s profit beat, limited LA wildfire losses Read More »

UK grocery inflation unchanged in February, says Kantar

4 Mar 2025

LONDON (Reuters) -British grocery inflation held steady last month, helped by supermarket promotions which shoppers are increasingly relying on to keep their bills low amid worries over the cost of living. Supermarkets have warned that tax rises in the new Labour government’s first budget in October, together with another hike in the national minimum wage, …

UK grocery inflation unchanged in February, says Kantar Read More »

Close Bitnami banner
Bitnami