Reuters UK Business

MILAN (Reuters) -Europe must avoid excessive regulation and could also consider simplifying existing rules, European Central Bank Governing Council member Fabio Panetta said on Wednesday. Addressing the steering committee of Italian Banking Association ABI, Panetta said it was important to see the first actual steps the U.S. administration would take after it called for de-regulation …

ECB’s Panetta says Europe should consider simpler banking rules Read More »

MILAN (Reuters) -Milan prosecutors plan to drop a case brought against the European division of Google after the company agreed to pay 326 million euros ($340 million) to settle a tax claim, they said on Wednesday. The agreement covers the period between 2015 and 2019 and the covers sanctions, penalties and interest, prosecutors said in …

Google to pay $340 million to settle Italian tax case Read More »

(Reuters) – Britain’s Jet2 said on Wednesday that profit margins were likely to come under pressure this year as high inflation is increasing costs and causing consumers to rein in their spending on holidays. Its shares tumbled about 10%. The company, which offers scheduled flights and package holidays, said visibility for demand ahead was “limited”, …

Jet2 warns high inflation to undermine profit margins, shares plunge Read More »

ANKARA (Reuters) -President Volodymyr Zelenskiy was quoted on Wednesday as saying a U.S. proposal for a critical minerals deal was unfair as it did not include security guarantees, and he did not want Ukraine to become a hub for raw materials. Last week Kyiv sent Washington a revised draft of an accord that could open …

Zelenskiy says US minerals proposal needs work, Turkish media report Read More »

By Alban Kacher and Anna Peverieri (Reuters) – Dutch tank storage company Vopak said on Wednesday it expected its 2025 core profit to remain broadly at last year’s level, supported by strong demand for infrastructure services across most of its business areas. Vopak, which operates terminals and storage facilities for fuels and chemicals worldwide, expects …

Vopak sees stable 2025 profit on strong demand for storage infrastructure Read More »

OSLO (Reuters) – Swedish real estate group SBB reported on Wednesday a smaller pretax loss for the fourth quarter compared to a year earlier and said it would continue to cut costs and divest assets in order to boost its finances. The company was one of several European real estate groups forced to trim debt …

SBB reports smaller Q4 loss, will continue to cut cost and sell assets Read More »

(Reuters) -German engine manufacturer MTU Aero Engines on Wednesday raised its guidance for 2025 based on a lower assumed exchange rate of the euro versus the U.S. dollar, as it topped market expectations for 2024 revenue. Stronger U.S. dollar benefits the Airbus and Boeing supplier as it books most of its orders in dollars. MTU, …

MTU Aero Engines hikes 2025 outlook on stronger US dollar after sales beat Read More »