Reuters UK Business

By Hugo Lhomedet, Alban Kacher and Helen Reid (Reuters) -Dutch supermarket group Ahold Delhaize reported fourth-quarter sales in line with market expectations on Wednesday, but its performance in the key U.S. market and its 2025 operating margin forecast disappointed, sending its shares lower. The group said it sees an operating margin of around 4% in …

Ahold Delhaize sees 4% operating margin in 2025, plans cost savings Read More »

By Alban Kacher and Helen Reid (Reuters) – Supermarket group Ahold Delhaize expects potential U.S. tariffs on Mexico and Canada could lead to price increases for American consumers on products from those countries, group CEO Frans Muller told Reuters on Wednesday. “If there would be tariffs on Mexican fruit and vegetables or Canadian paper products, …

Ahold Delhaize CEO says US tariffs on Canada, Mexico could drive prices up Read More »

MILAN (Reuters) -Global demand for liquefied natural gas will see a robust rise in the next few years, while gas will likely see a more gradual dynamic and oil may peak at the beginning of the next decade, scenarios published by Shell showed on Wednesday. The British energy company has created three different scenarios for …

Shell sees significant LNG growth in near term under its scenarios Read More »

By Bartosz Dabrowski and Bernadette Hogg (Reuters) -Swiss lift maker Schindler is confident it can secure increased orders in North America and said it would not be immediately affected by steel tariffs as it sources most of the raw materials for its U.S. plants within the country. “We are a fully U.S.-based company in the …

Schindler upbeat on North America, says local sourcing means no US tariff hit Read More »

By Aby Jose Koilparambil (Reuters) -British homebuilder Barratt Redrow said it would buy back shares worth 100 million pounds ($124 million) per year and predicted annual earnings would land at the upper end of analysts’ expectations, sending its shares surging. Shares in the FTSE 100 company jumped 9% in early trade to their highest levels …

UK’s Barratt Redrow shares jump on share buyback, upbeat outlook Read More »

(Reuters) – Close Brothers has set aside up to 165 million pounds ($205 million) to cover costs related to motor finance claims, the British lender said on Wednesday, the first time it has estimated the potential impact of a ruling on unlawful commissions. In what could become one of the UK’s costliest consumer banking scandals, …

UK’s Close Brothers reserves $205 million for motor finance claims Read More »

By Sergio Goncalves LISBON (Reuters) – Portugal’s banking resolution fund aims to sell its 13.54% stake in Novo Banco at the best possible price to maximise revenues, the fund’s chief Luis Maximo dos Santos said late on Tuesday. Novo Banco, Portugal’s fourth largest bank, was created in 2014 from the collapsed BES after a state …

Portuguese banking fund seeks best price for 13.54% stake in Novo Banco Read More »