Reuters UK Business

Randstad beats core profit estimates in tough market environment

12 Feb 2025

By Michal Aleksandrowicz and Johan BODINIER (Reuters) -Randstad reported a quarterly core profit above market expectations on Wednesday and said its resilient business model and robust underlying performance would help it weather the tough market conditions also in the first quarter of 2025. However, shares of the world’s largest employment agency fell 3.4% by 0937 …

Randstad beats core profit estimates in tough market environment Read More »

Spain’s Mapfre books higher profit in 2024 despite cost of floods

12 Feb 2025

By Marta Serafinko and Natalia Siniawski (Reuters) -Spanish insurer Mapfre said on Wednesday its net profit rose around 30% in 2024, slightly beating forecasts, thanks to its non-life business despite the cost of weather-linked disasters in Europe and Brazil. The company’s net profit surged to 902 million euros ($935 million) from 692 million euros recorded …

Spain’s Mapfre books higher profit in 2024 despite cost of floods Read More »

EEX gets new members as more over-the-counter trading comes on board

12 Feb 2025

By Vera Eckert ESSEN, Germany (Reuters) – European energy exchange EEX expects strong volume growth in 2025 as more market participants join to hedge renewables and tap into the exchange’s clearing functions, its chief executive said during the E-World trade fair. The exchange recorded 37% year-on-year growth in volumes of its flagship European power futures …

EEX gets new members as more over-the-counter trading comes on board Read More »

European LNG prices are reaching levels that will hit demand, says Vitol CEO

12 Feb 2025

By Shariq Khan NEW DELHI (Reuters) – European prices of liquefied natural gas (LNG), which are currently trading at a premium to Asia, are reaching levels that will start hurting demand, the chief executive of global energy and commodities trading firm Vitol said on Wednesday. “Europe is attracting much more LNG and the European price …

European LNG prices are reaching levels that will hit demand, says Vitol CEO Read More »

United Group sells Serbia Broadband to e& PPF Telecom Group, disposes other assets

12 Feb 2025

PRAGUE (Reuters) – Balkan telecoms and media company United Group has agreed to sell its broadband provider Serbia Broadband to e& PPF Telecoms Group and other assets to Telekom Srbija in a deal with an enterprise value of 1.5 billion euros, United said on Wednesday. e& PPF Telecom Group, a joint venture of UAE’s e& …

United Group sells Serbia Broadband to e& PPF Telecom Group, disposes other assets Read More »

Voestalpine cuts profit outlook, hit by weak automotive market in Europe

12 Feb 2025

By Marleen Kaesebier (Reuters) – Austrian steelmaker voestalpine cut its core profit outlook on Wednesday after the metric slumped by nearly a third in its fiscal third quarter largely due to weakness in Europe, especially in the automotive and construction sectors. “Europe remained the most difficult market for voestalpine in the current business year,” said …

Voestalpine cuts profit outlook, hit by weak automotive market in Europe Read More »

UK energy firm EnQuest forecasts higher production in 2025

12 Feb 2025

(Reuters) – British energy group EnQuest forecast higher annual production on Wednesday, helped by its recently announced deal to buy Vietnamese assets from London-listed Harbour Energy. The group’s net production from its existing portfolio averaged 44,200 barrels of oil equivalent per day in January, and it expects pro forma 2025 production to be between 40,000 …

UK energy firm EnQuest forecasts higher production in 2025 Read More »

Russia’s Novatek says 2024 net profit rises to $5.2 billion

12 Feb 2025

MOSCOW (Reuters) -Russia’s largest liquefied natural gas producer (LNG) Novatek said on Wednesday its 2024 net profit increased by 6.5% to 493.5 billion roubles ($5.18 billion), as production rose. Novatek has been a focal point of the Western sanctions against Russia over the conflict in Ukraine. Its new project Arctic LNG 2 tentatively began production …

Russia’s Novatek says 2024 net profit rises to $5.2 billion Read More »

German TeamViewer posts mid-term targets after completing 1E acquisition

12 Feb 2025

(Reuters) – German software developer TeamViewer posted on Wednesday mid-term revenue growth targets after it closed its acquisition of IT firm 1E. TeamViewer forecasts revenue in 2028 to be between 1.03 billion and 1.06 billion euros ($1.07-$1.10 billion) with an adjusted EBITDA margin forecast of 44%-45%. The company generated revenue of 671 million euros in …

German TeamViewer posts mid-term targets after completing 1E acquisition Read More »

Close Bitnami banner
Bitnami