Reuters UK Business

European Commission plans InvestEU guarantee boost, draft document shows

20 Feb 2025

By Kate Abnett, Virginia Furness and Simon Jessop LONDON (Reuters) – The European Commission is proposing to provide more support to companies to invest sustainably and make it easier for them to access the money, a draft document seen by Reuters showed. The proposal is part of broader plans to simplify the bloc’s sustainability reporting …

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Germany’s antitrust watchdog wants more regulation of oil market pricing

20 Feb 2025

By Riham Alkousaa and Matthias Inverardi BERLIN (Reuters) -Germany’s antitrust authority urged stronger regulation of price quotations used in the oil market on Wednesday after an examination showed pricing based on limited data which was vulnerable to manipulation, it said. Price quotations are usually linked to wholesale procurement contracts and can indirectly influence retail prices. …

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Italian power company A2A posts 18% jump in annual core profit

20 Feb 2025

(Reuters) – Italy’s A2A posted an 18% jump in full-year core profit (EBITDA) to 2.33 billion euros ($2.43 billion) on Thursday thanks to lower energy price volatility compared to last year, slightly beating the upper-end of guidance. The country’s biggest regional utility’s net financial debt stood at 5.84 billion euros at end-December, up from 4.68 …

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German office market outlook remains vulnerable, PBB index shows 

20 Feb 2025

By Tom Sims FRANKFURT (Reuters) – Germany’s office market remains depressed, with any recovery in the coming months seen as vulnerable to further economic weakness, according to an index by the property lender Deutsche Pfandbriefbank (PBB) released on Thursday. The bank’s quarterly index tracking the office market rose to minus 1.86 in the fourth quarter …

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UK factories expect gentle pickup over next three months, CBI says

20 Feb 2025

By David Milliken LONDON (Reuters) – British factories expect a modest upturn in output over the next three months despite a weak backdrop due to higher taxes and energy costs and a difficult export environment, the Confederation of British Industry said on Thursday. The CBI’s monthly balance for manufacturers’ output expectations over the next three …

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French investor Tikehau eyes ‘commercial collaboration’ with Schroders

20 Feb 2025

By Stefania Spezzati and Iain Withers LONDON (Reuters) -Tikehau Capital , a French fund with 49 billion euros ($51 billion) under management, said there could be a “commercial collaboration in the future” with Schroders after it acquired a 4% stake in the asset management firm. The Paris-based firm, which mainly invests in private credit, disclosed …

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SBM Offshore beats growth estimates, shares at 14-year-high

20 Feb 2025

By Dimitri Rhodes and Johan BODINIER (Reuters) – Dutch oil and gas services firm SBM Offshore beat 2025 guidance expectations on Thursday, citing three new awards boosting its contract backlog. The group’s shares rose 11.8% to 20.50 euros at 1108 GMT, their highest in 14 years. The Amsterdam-based company’s backlog, or contracts it expects to …

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UK energy regulator plans to introduce zero standing charge tariffs

20 Feb 2025

(Reuters) – British energy regulator Ofgem on Thursday proposed that all energy suppliers offer tariffs with low or no standing charges, allowing consumers to pay these costs as part of their unit rate, to give them more flexibility in managing energy bills. Ofgem, which is seeking feedback on the proposed price cap option, is aiming …

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ECB reports another record annual loss, says it may suffer more losses

20 Feb 2025

FRANKFURT (Reuters) – The European Central Bank reported another record annual loss on Thursday and said further, though somewhat smaller, losses were still possible as it pays out billions of euros to banks. The ECB, which raised interest rates at an unprecedented pace in 2022 and 2023, still has a bloated balance sheet from long-concluded …

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