Reuters UK Business

Ferrovial posts $3.3 billion profit in 2024 after selling Heathrow stake

28 Feb 2025

MADRID (Reuters) – Spanish construction giant Ferrovial posted a 2024 net profit of 3.23 billion euros ($3.35 billion) on Friday after completing some divestments such as shedding its stake in Britain’s Heathrow airport. In December, Ferrovial sold its stake in Britain’s busiest airport for $2 billion euros, and also agreed in November to sell AGS …

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UK house prices rise by more than expected, Nationwide says

28 Feb 2025

LONDON (Reuters) – British house prices rose by a stronger-than-expected 0.4% in February compared with January, according to data published by mortgage lender Nationwide on Friday, adding to signs of buyers rushing to beat the expiry of a tax break next month. The increase was stronger than all forecasts in a Reuters poll of economists …

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Belgium’s Proximus to consider internal, external candidates for new CEO

28 Feb 2025

By Gianluca Lo Nostro (Reuters) -Belgium’s Proximus will consider internal and external candidates for its next CEO after current head Guillaume Boutin announced his unexpected departure to join Vodafone, the telecoms group said on Friday. It is unlikely that the nomination process will end before Boutin leaves on May 15, the company said, adding that …

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Cement maker Holcim moves closer to North American spin-off after SEC filing

28 Feb 2025

By John Revill ZURICH (Reuters) -Holcim gave more details of its plan to spin off its North American business on Friday as the building materials company reported better-than-expected earnings for its fourth quarter. Holcim has made a filing to the United States securities regulator about the divestment to shareholders, likely to be one of the …

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German import prices up 3.1% y/y in January

28 Feb 2025

(Reuters) – German import prices increased by 3.1% year on year in January, the statistics office said on Friday. Analysts polled by Reuters had predicted a 2.7% increase. The statistics office offers more detailed economic data on its website. (Reporting by Daria Bogdanska in Gdansk, editing by Rachel More)

Analysis-Romania’s budget cuts spark backlash ahead of sensitive election

28 Feb 2025

By Luiza Ilie, Gergely Szakacs and Libby George BUCHAREST (Reuters) – Government cost cuts to curb Romania’s chronic budget deficit and avert a ratings downgrade are causing a social backlash that risks boosting support for the far-right pro-Moscow candidate in May’s presidential rerun. Romania’s pro-European ruling coalition is scaling back years of spending that has …

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UK firms turn more hopeful on economy, plan to hire more, Lloyds says

28 Feb 2025

LONDON (Reuters) – British businesses turned more optimistic for the first time in seven months in February as they took a brighter view on the economy and ramped up their hiring plans, according to a survey published on Friday. Striking a more upbeat note than other recent gauges of sentiment among employers, the Lloyds Bank …

UK firms turn more hopeful on economy, plan to hire more, Lloyds says Read More »

Former Stellantis CEO Tavares’ pay package fell 37% to $24 million in 2024

28 Feb 2025

By Nora Eckert and David Shepardson DETROIT (Reuters) -Carlos Tavares, the former CEO of global automaker Stellantis saw his total pay fall 37% last year to 23 million euros ($23.91 million) before he unexpectedly resigned in December. Tavares clashed with the Chrysler and Fiat owner’s board over his near-term focus on cutting costs, rather than …

Former Stellantis CEO Tavares’ pay package fell 37% to $24 million in 2024 Read More »

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