Reuters UK Business

By Gilles Guillaume PARIS (Reuters) – Stellantis, the world’s fourth-largest carmaker, and French technology and artificial intelligence (AI) firm Mistral have decided to expand their strategic partnership in a move which Stellantis said will speed up its industry-data analysis. Many carmakers are increasingly using AI to analyse customer feedback, manufacturing quality and to speed up …

Carmaker Stellantis and Mistral AI expand their AI strategic partnership Read More »

PARIS (Reuters) – French cosmetics giant L’Oreal has struck a partnership deal with Jacquemus that includes L’Oreal taking a minority stake in the independent fashion label, L’Oreal said on Friday. “Jacquemus will now write its beauty chapter with L’Oréal Luxe,” the company said. (Reporting by Tassilo Hummel; Editing by Mark Potter)

(Reuters) – German consumer goods maker Henkel said on Friday it would sell its retailer brands business in North America to an affiliate of First Quality Enterprises, LLC. The companies agreed not to disclose financial details of the deal, which concludes Henkel’s portfolio optimization in the consumer brands business, announced in February 2022, the company …

Henkel to sell retailer brands business in North America Read More »

ZURICH (Reuters) – Vontobel Holding on Friday reported 2.6 billion Swiss francs ($2.87 billion) in net new money for full-year 2024, falling short of a forecast for 4.1 billion francs in a company-provided consensus. The Swiss private bank and asset manager said outflows from institutional clients slowed to 2.9 billion francs in 2024 from 7.6 …

Vontobel reports $2.9 billion in net new money for 2024, missing forecasts Read More »

MOSCOW (Reuters) – Russia’s oil transit through Ukraine’s pipeline system declined by 15% in 2024 to 11.5 million metric tons (230,300 barrels per day), the Vedomosti newspaper said on Friday, citing two sources familiar with Russian energy ministry data. Hungary accounted for 42% of supplies, which were steady last year, at 4.8 million tons. Exports …

Russia’s oil transit via Ukraine down 15% in 2024, Vedomosti says Read More »

(Reuters) – Saab expects organic sales growth of between 12% and 16% in 2025, the Swedish defence equipment maker said on Friday, as it also updated its medium-term targets for 2023-2027. It said it expects an organic sales growth of around 18% (CAGR) for the 2023-2027 period, against a previously expected level around 15% CAGR. …

Saab expects organic sales growth between 12%-16% in 2025 Read More »

ZURICH (Reuters) – ABB will launch its new share buyback program of up to $1.5 billion on February 10, which would be up to around 27.6 million shares based on the current share price, the Swiss engineering company said on Friday. Since July 2020, ABB has repurchased about 324 million shares for capital reduction purposes for a …

ABB to launch share buyback program on February 10 Read More »

PARIS (Reuters) – French healthcare company Sanofi announced on Friday a share buyback plan worth up to 2 billion euros ($2.1 billion), which would be done between now and the end of December. ($1 = 0.9640 euros) (Reporting by Sudip Kar-Gupta; Editing by Jamie Freed)

By Anastasia Lyrchikova, Olga Popova, Gleb Stolyarov and Darya Korsunskaya MOSCOW (Reuters) – Russia is quickening the pace of domestic asset seizures this year after courts ruled last week that a leading grain trader, Moscow’s sprawling Domodedovo airport and strategic warehouse assets be handed over to the state. Foreign companies have grappled with the risk …

Analysis-Russia raises domestic asset seizure stakes with grain trader, Moscow airport grab Read More »

A look at the day ahead in European and global markets from Ankur Banejee An action-packed week in the markets is heading for a more subdued finish as traders await U.S. payrolls data, although the lingering threat of a trade war kept investors hesitant about placing major bets. Stock trading in Asia was mostly directionless …

Morning Bid: China AI rally rouses trade war-weary markets Read More »