Reuters UK Business

By John Revill ZURICH (Reuters) -Holcim cut its guidance for full-year sales growth on Friday after a downturn in Europe and North America hit second-quarter sales at the cement and building materials maker. In the first results under new CEO Miljan Gutovic, Holcim reduced its outlook for sales growth to the low single-digit percentage range …

Holcim cuts full-year sales outlook after U.S. downturn Read More »

By Louis van Boxel-Woolf and Eva Orsolya Papp (Reuters) – German truckmaker Traton, majority-owned by Volkswagen, on Friday posted a 7% rise in first-half operating profit buoyed by higher prices, even as demand remained lacklustre in Europe. Operating profit rose to 2.1 billion euros ($2.3 billion) on sales revenue up 2% to 23.4 billion euros, …

German truckmaker Traton posts profit rise on higher prices Read More »

By Aby Jose Koilparambil (Reuters) – Rightmove, Britain’s largest property portal, reported a 1% rise in interim profit on Friday but warned of a decline in new homes revenue due to falling development numbers, with no recovery expected in the second half of the year. The British housing market has been betting on a near-term …

UK property portal Rightmove flags revenue hit from new home sales Read More »

By Francesca Landini MILAN (Reuters) -After reporting a smaller than expected drop in second-quarter net profit, Italian energy group Eni promised to accelerate its share buyback and hinted at the possibility of nudging it up in the coming months. A stronger than anticipated performance at the group’s upstream and Gas & LNG divisions supported results, …

Eni accelerates buyback after Q2 net profit beats expectations Read More »

PARIS (Reuters) -Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly inflows on Friday, driven by its Asian joint ventures amid sustained demand for risk-averse products. Amundi’s total assets under management (AUM) rose by 15.5 billion euros ($16.8 billion) in the second quarter to 2.16 trillion euros at end of June, a record high and up …

Amundi’s Q2 net inflows beat estimates on Asian contributions Read More »

By Ludwig Burger FRANKFURT (Reuters) -BASF is banking on regaining pricing power to speed up earnings growth in the second half after the German chemicals group’s adjusted profit edged 0.6% higher in the second quarter, with China playing a key role. BASF CEO Markus Kamieth, who took the helm in April, said much depended on …

BASF hopes pricing power will boost profit growth later in the year Read More »

By Huw Jones LONDON (Reuters) -Britain’s markets watchdog set out proposals on Friday to make it cheaper for companies that are already listed to raise more cash, part of a package of measures to boost London’s post-Brexit wholesale financial sector. Britain has already begun reforming its financial rules in a bid to compete better with …

Britain proposes cheaper secondary capital raising for listed firms Read More »