Reuters UK Business

By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Philips reported second-quarter results that exceeded analysts’ expectations on Monday, boosted by savings from job cuts, and flagged a big insurance payout linked to its Respironics product liability claims, sending its shares more than 10% higher. The Dutch medical device maker said its adjusted earnings before …

Cost savings drive Philips’ Q2 profit beat, flags insurance payout Read More »

(Reuters) -British meat producer Cranswick reported higher first-quarter revenue on Monday as strong demand for its premium ranges offset lower meat prices in Asia and Europe. Cranswick, which produces fresh pork, bacon, gourmet sausages, poultry items and continental foods and supplies to supermarkets, said its revenue growth was led by strong volumes. “Export sales volumes …

Meat producer Cranswick’s quarterly revenue grows on strong demand Read More »

LONDON (Reuters) -Dutch brewer Heineken reported a 12.5% rise in half-year operating profit on Monday after an anticipated boost from sporting events in June and July did not materialise, missing analyst estimates and sending its shares down 7%. The results and an 874-million euro ($948 million) impairment related to its Chinese partner China Resources Beer …

Heineken’s shares slide as first-half results miss forecasts Read More »

(Reuters) – London’s FTSE 100 inched higher on Monday, boosted by energy shares as well as investor optimism around interest rate cuts in the U.S. and the UK, while weakness in Pearson limited gains. The blue-chip FTSE 100 index was up 0.5%, hitting its highest since early June. The mid-cap FTSE 250 was flat at …

London’s FTSE 100 boosted by energy stocks; US, UK rate decisions in focus Read More »

(Reuters) -Apple’s upcoming artificial intelligence features will arrive later than anticipated and will miss the initial launch of upcoming iPhone and iPad software overhauls, Bloomberg News reported on Sunday. The iPhone maker is planning to begin rolling out Apple Intelligence to customers as part of software updates coming by October, the report added, citing people …

Apple’s artificial intelligence features to be delayed, Bloomberg News reports Read More »

By Nelson Acosta HAVANA (Reuters) -Havana residents watched from shore on Saturday as Russian warships arrived for the second time in as many months, in a visit that Cuba called routine. Cuban authorities fired shots into the air to signal their welcome, while curious fishermen watched from Havana’s waterside promenade as the ships advanced up …

Russian warships make routine visit to Cuba Read More »

ZURICH (Reuters) – Central banking is not boring, although being prepared to carry the label is perhaps the key to success, departing Swiss National Bank Chairman Thomas Jordan said on Saturday. Jordan, who is due to step down at the end of September, defended his record steering the central bank through a raft of crises …

Being boring key to central bank success says SNB’s Jordan Read More »

By Jonathan Stempel NEW YORK (Reuters) – Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds. A preliminary settlement with Bank of America, Citigroup, Jefferies, NatWest, Nomura and UBS was filed late Friday …

Six banks settle European bond price fixing litigation in New York Read More »