Reuters UK Business

Amazon shares drop as cloud growth, sales forecast lag

7 Feb 2025

By Greg Bensinger, Deborah Mary Sophia (Reuters) -Amazon.com investors drove shares down sharply on Thursday due to weakness in the retailer’s cloud computing unit and lower-than-expected forecasts for first-quarter revenue and profit. Amazon’s shares fell as much as 5% in extended trade after the fourth-quarter earnings report, erasing about $90 billion worth of stock market …

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AI chip firm Cerebras partners with France’s Mistral, claims speed record

7 Feb 2025

By Stephen Nellis (Reuters) – Cerebras Systems, an artificial intelligence chip firm backed by UAE tech conglomerate G42, said on Thursday it has partnered with France’s Mistral and has helped the European AI player achieve a speed record. Mistral, a maker of open-source AI technology, is aiming to challenge fellow open-source contenders Meta Platforms and …

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IMF says too early for precise analysis on Trump tariff impact

7 Feb 2025

TOKYO (Reuters) – It is too early for any precise analysis of the consequences of higher U.S. tariffs against other countries, Gita Gopinath, the first deputy managing director of the International Monetary Fund, said on Friday. “It’s in the interest of all countries to work together, take care of disagreements and ensure there is an …

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Domino’s Australia franchise surges on store closures, upbeat start to second half of fiscal 2025

7 Feb 2025

By John Biju (Reuters) – Shares of Australia’s Domino’s Pizza Enterprises were heading for their biggest intraday jump ever on Friday, after the pizza chain operator flagged the closure of 205 loss-making stores and signalled a positive start to the second half of fiscal 2025. The company’s stock rose as much as 23.8% to A$36.68 …

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Porsche’s holding firm expects impairments to double on luxury carmaker stake

7 Feb 2025

By Urvi Dugar (Reuters) -Porsche SE, the holding firm of Porsche AG, said on Thursday it expects impairments on its stake in the carmaker to nearly double to a range of 2.5 billion euros to 3.5 billion euros ($3.63 billion). The holding firm also said it expects writedowns related to Volkswagen to tend towards 20 …

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Moldova PM says separatist region must take steps to avoid new gas crisis

7 Feb 2025

By Alexander Tanas CHISINAU (Reuters) – Moldova’s pro-European prime minister said on Thursday the ex-Soviet state’s separatist Transdniestria region had to fulfil several conditions or risk being plunged into a new energy crisis with power cuts and heating and water shortages. Prime Minister Dorin Recean was taking part in a public online discussion nearly a …

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France, UAE agree to develop 1 gigawatt AI data centre

7 Feb 2025

PARIS (Reuters) – France and the United Arab Emirates agreed on Thursday to a framework accord for a 1 gigawatt data centre dedicated to artificial intelligence that represents investments of between $30-$50 billion, the French presidency said. President Emmanuel Macron hosted his Emirati counterpart Sheikh Mohamed bin Zayed al-Nahyan on Thursday evening ahead of a …

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Norway wealth fund places Fincantieri under observation, takes Poland’s Orlen off list

7 Feb 2025

(Reuters) – Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, said on Thursday it had placed Italian shipbuilder Fincantieri under observation over alleged human rights violations. At the same time, Norges Bank Investment Management, the fund’s operator, it said it was taking Polish energy group Orlen off the observation list. Companies under observation are …

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Elf Beauty shares crater as weakening cosmetics demand dent annual forecasts

7 Feb 2025

By Ananya Mariam Rajesh and Arriana McLymore (Reuters) – Elf Beauty’s shares tumbled over 20% in extended trading on Thursday, after the cosmetics company cut its annual net sales and profit forecasts, citing weak demand in the mass beauty category at the start of the year. Elf Beauty is known for its vegan lip oils …

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Unipol-backed BPER joins Italy’s M&A frenzy with $4.5 billion Pop Sondrio bid

7 Feb 2025

By Andrea Mandala and Gursimran Mehar MILAN (Reuters) -Italy’s fourth-largest bank BPER on Thursday joined in a raft of takeover bids rocking the country’s financial sector, with a 4.3 billion euro ($4.46 billion) all-share bid for Banca Popolare di Sondrio. BPER and Popolare di Sondrio (BPSO) have in common their main shareholder, insurer Unipol, which …

Unipol-backed BPER joins Italy’s M&A frenzy with $4.5 billion Pop Sondrio bid Read More »

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