Reuters UK Business

Prysmian shares hit after cautious outlook while U.S. tariffs loom

MILAN (Reuters) – Italy’s Prysmian on Thursday guided for an increase of its core profit of as much as 22% this year, a forecast some analysts said was conservative while the industry faces potential U.S. tariffs on copper and aluminium. Shares in the world’s largest cablemaker were down 7.5% to 60.14 euros by 1040 GMT. …

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France’s Technip Energies proposes 49% dividend hike after Q4 revenue beat

By Anna Peverieri and Alban Kacher (Reuters) -French infrastructure and technology company Technip Energies proposed a 49% dividend increase on Thursday, as it reported fourth-quarter sales ahead of market expectations. Technip Energies will recommend a cash dividend of 0.85 euros per share for 2024 at its shareholder meeting on May 6, up from 0.57 euros …

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Standard Chartered lays out detailed net zero transition plan

(Reuters) – Standard Chartered on Thursday disclosed a detailed plan outlining its integration of climate considerations into its business operations, aiming for net zero targets across its financing activities by 2050 and its operations by 2025. The plan comes a few days after the bank pledged to continue its net-zero strategy and reduce emissions associated …

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Amazon unveils quantum chip, aiming to shave years off development time

By Stephen Nellis (Reuters) – Amazon Web Services on Thursday showed a quantum computing chip with new technology that it hopes will shave as much as five years off its effort to build a commercially useful quantum computer. The chip, named Ocelot, is a prototype that has only a tiny fraction of the computing power …

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Jupiter loses $13 billion in assets as client outflows accelerate

By Yamini Kalia (Reuters) – Britain’s Jupiter Fund Management lost more than a tenth of its assets in the fourth quarter after clients pulled 10.3 billion pounds ($13.04 billion), a bigger-than-expected exodus that sent the company’s shares down more than 5%. Jupiter has lost clients since star manager Ben Whitmore left the company in January …

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MediaForEurope profit up as it eyes potential ProSieben bid

By Elvira Pollina MILAN (Reuters) -MFE-MediaforEurope, the commercial TV group of Italy’s Berlusconi family, reported a 15% rise in its 2024 full-profit as it eyes a potential bid for German peer ProSiebenSat.1 later this year. The group, which owns TV operations in Italy and Spain, is the leading investor in ProSiebenSat and secured a 3.4 …

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UAE’s TAQA could invest in electricity project, Cyprus energy minister says

By Federico Maccioni and Abinaya V ABU DHABI (Reuters) -Cyprus Energy Minister, George Papanastasiou, said on Thursday that Abu Dhabi’s energy and water company TAQA is interested in investing in the delivery of an international electricity connection project. The Great Sea Interconnector (GSI) cable will link transmission networks of Europe to Cyprus in a project …

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