Reuters UK Business

By Sarah Young LONDON (Reuters) – Britain’s Heathrow Airport forecast slower passenger growth in 2025, highlighting the need for a new runway weeks after the government threw its weight behind expansion at the hub as it seeks to boost trade and economic growth. Chief Executive Thomas Woldbye said Heathrow also needed government backing in terms …

UK’s Heathrow Airport says slowing growth shows need for new runway Read More »

By Shashwat Awasthi (Reuters) – Britain’s Aston Martin will cut 5% of its workforce to save 25 million pounds ($31.61 million), its chief executive said on Wednesday, after a sharp rise in the luxury carmaker’s losses and debt and as sales volumes forecast missed expectations. Shares in the company famous for being fictional secret agent James …

Aston Martin cuts 170 jobs as losses, debt balloon Read More »

By John Revill ZURICH (Reuters) -Adecco is seeing the beginning of a recovery in the United States’ staffing market, the hiring company said on Wednesday, as technology and defence companies take on more temporary workers. Many companies are still holding back on permanent hires, however, as they weigh the flood of policies announced by President …

Adecco notes early recovery in US hiring as firms await economic impact of Trump Read More »

(Reuters) – British energy regulator Ofgem said on Wednesday it is inviting bids from investors to own and operate electricity transmission links worth 4 billion pounds ($5.06 billion), connecting Great Britain to homegrown North Sea power. The assets, being tendered under the regulator’s offshore transmission owner (OFTO) regime, will connect energy company RWE’s Sofia wind …

UK energy regulator opens bidding for electricity transmission links worth $5 billion Read More »

By Gianluca Lo Nostro, Alessandro Parodi and Florence Loeve PARIS/GDANSK (Reuters) – Shares in Worldline fell 15% after the French digital payments company reported on Wednesday yearly revenues slightly below analysts’ estimates and said its newly appointed CEO would issue a more detailed outlook later in the year. Pierre-Antoine Vacheron was named CEO, effective March …

Worldline slumps after revenue miss, new CEO to give update in April Read More »

By Emma Rumney LONDON (Reuters) – Anheuser-Busch InBev on Wednesday reported forecast-beating fourth-quarter profits and progress in cutting debts that have hung over the company for a decade, sending its shares up 8% even as China weakness dragged on sales. Pricier labels like Corona and Michelob Ultra helped AB InBev to push revenues to an …

Brewer AB InBev’s shares surge as profits rise, debts fall Read More »

By Mathias de Rozario and Mateusz Rabiega (Reuters) – Coffee and tea company JDE Peet’s on Wednesday beat market expectations for 2024 operating profit and forecast a largely expected small decline in the 2025 figure driven by soaring prices of coffee beans. Its shares rose by more than 8% in early trading, touching their highest …

JDE Peet’s tops estimates even as coffee prices bite into profits Read More »

PRAGUE (Reuters) – Czech utility CEZ said on Wednesday it won an arbitration case against Russia’s Gazprom in which it had sought damages exceeding 1 billion crowns ($42.16 million). Damages were caused by Gazprom’s significant reduction of gas supplies during 2022, after the Russian invasion of Ukraine, and CEZ had to cover this shortfall with …

CEZ wins arbitration against Gazprom Read More »