Reuters UK Business

Del Vecchio family holding Delfin considers UniCredit sale, Corriere says

11 Feb 2025

ROME (Reuters) -The holding of the Del Vecchio family, Delfin, is exploring the possibility of selling its 2.7% stake in UniCredit, the Corriere della Sera newspaper reported on Tuesday, citing banking sources. According to the daily, an assessment on the possible operation, which could be carried out via an accelerated book building and would be …

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Australia’s Macquarie joins major banks in exiting global climate coalition

11 Feb 2025

By Adwitiya Srivastava and Byron Kaye (Reuters) -Australia’s Macquarie Group said on Tuesday it would leave a global banking sector climate coalition, joining a host of North American banks that have quit the alliance since Donald Trump returned as U.S. President in early November. The Net-Zero Banking Alliance (NZBA) is a UN-sponsored initiative set up …

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US tariffs are lose-lose scenario and will fuel inflation, says EU trade commissioner

11 Feb 2025

BRUSSELS (Reuters) – The United States will be fuelling inflation with its move to resume tariffs on aluminium and steel imports, European Union trade commissioner Maros Sefcovic told the European Parliament on Tuesday. U.S. President Donald Trump raised tariffs on aluminium and steel to 25% on Monday without exemptions in a bid to revive the …

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Climate-focused venture capital firm Junction Growth Investors raises 115 million euros

11 Feb 2025

By Sudip Kar-Gupta BRUSSELS (Reuters) – Junction Growth Investors, an investment firm that finances companies involved in tackling climate change, said on Tuesday it had raised 115 million euros ($119.8 million), highlighting resilient investor appetite in the sector. Even as President Donald Trump ordered the United States to withdraw from the Paris climate agreement, many …

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UK fibre company CityFibre delivers first year of profitability

11 Feb 2025

LONDON (Reuters) – British fibre broadband company CityFibre reported its first full year of profit in 2024 as connected customers on its network passed 500,000, a total that is set to jump this year when major provider Sky joins its platform. The company, backed by Antin Infrastructure Partners and Goldman Sachs, on Tuesday reported adjusted …

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Vaar Energi increases dividend, Q4 profit in line

11 Feb 2025

OSLO (Reuters) -Oslo-listed Vaar Energi, majority-owned by Italy’s Eni, raised its dividend on Tuesday as the oil and gas exploration and production company reported a fourth-quarter operating profit in line with expectations. Vaar’s earnings before interest and tax (EBIT) for the October-December quarter rose to $1 billion from $399 million a year earlier, in line …

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Hotelbeds owner HBX valued at $2.9 billion in one of the first IPOs of 2025

11 Feb 2025

MADRID (Reuters) – Spanish travel tech company HBX Group, owner of the Hotelbeds brand, has priced its initial public offer at 11.5 euros ($11.85) a share, for a total valuation of up to 2.84 billion euros ($2.93 billion) in one of the year’s first euro zone IPOs. After a successful bookbuilding process that ended on …

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Europe should respond to US tariffs in firm and united way, says French industry minister

11 Feb 2025

PARIS (Reuters) – Europe should respond in a firm and united manner to U.S. President Donald Trump’s latest tariffs, French industry minister Marc Ferracci said on Tuesday. Trump substantially raised tariffs on steel and aluminium imports on Monday to a flat 25% “without exceptions or exemptions”, in a move he hopes will aid struggling industries …

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ArcelorMittal sees rising steel demand after strong 4th quarter (Feb. 6)

11 Feb 2025

(This Feb. 6 story has been refiled to add the company’s name in paragraph 1) By Johan BODINIER and Anna Peverieri (Reuters) – ArcelorMittal on Thursday forecast improving steel demand for 2025 and said its annual investment budget would be similar to last year’s, after its fourth quarter earnings exceeded market expectations. Shares of the …

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Italy’s Unipol considering selling hotels for 1 billion euro – Il Sole 24 Ore

11 Feb 2025

ROME (Reuters) – Italian insurance group Unipol is considering selling its hotels chain Una Hotels, expecting to raise about 1 billion euros ($1.03 billion) from the deal, Il Sole 24 Ore daily reported on Tuesday. Unipol has picked Goldman Sachs as an adviser to sound out market interest in the potential sale, which would be …

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