Reuters UK Business

By Inti Landauro MADRID (Reuters) -A Basque consortium comprising shareholders of steelmaker Sidenor, together with the regional government and local bank Kutxabank, on Thursday made an offer for a 29.8% stake in Spanish train maker Talgo. The consortium, said it is offering to buy the stake from investment fund Trilantic, at up to 4.80 euros …

Basque consortium makes offer for 29.8% stake in Spanish train maker Talgo Read More »

By Anuja Bharat Mistry (Reuters) -Under Armour on Thursday raised its annual profit forecast again after topping quarterly results, as the sportswear maker reaps the benefits of dialing down on discounts and a recovery in demand in North America and Asia. Since returning as CEO in April, founder Kevin Plank has kept a tight leash …

Under Armour gets a lift from CEO Plank’s full price focus, North America recovery Read More »

By Vallari Srivastava (Reuters) -Air Products forecast second-quarter profit below Wall Street’s expectations on Thursday, as the industrial gases manufacturer expects challenging conditions in key regions such as China. The company, which recently emerged from an expensive boardroom battle, told analysts on a post-earnings call that tariffs could also impact its projects, sending shares down …

Air Products forecasts dour Q2 profit, sees challenges in China Read More »

LONDON (Reuters) -British retailer Marks & Spencer said on Thursday that Richard Price, the boss of its clothing division and a key player in the group’s recent revival, is leaving to pursue a portfolio career, which involves several roles. M&S said Price would be succeeded by John Lyttle, the former boss of online fashion retailer …

Britain’s M&S says clothing boss Richard Price to leave business Read More »

(Reuters) – Siemens Healthineers’ CEO said on Thursday that the medical-technology company had a “very positive” view on considerations by parent Siemens to reduce its stake. A higher free float would be “very good for the company in the long term as well as for the share price,” Healthineers CEO Bernd Montag said in a …

Siemens Healthineers says it would welcome stake reduction by Siemens Read More »

By Toby Sterling ROTTERDAM, Netherlands (Reuters) -An ex-employee of major Dutch computer chip equipment maker ASML held on suspicion of stealing and selling corporate secrets to a Russian buyer also had contact with Russia’s FSB intelligence service, prosecutors said on Thursday. The Russian suspect, German Aksenov, has denied any wrongdoing. ASML and Dutch chip maker …

Ex-ASML employee in Dutch custody had contact with Russian intelligence, prosecutors say Read More »

(Reuters) -BP plans to sell its BP Gelsenkirchen refining site in Germany, it announced on Thursday, as CEO Murray Auchincloss pushes on with plans to cut costs by at least $2 billion. “BP needs to continually manage its global portfolio as we position to grow as a simpler, more focused, higher-value company,” Emma Delaney, BP’s …

BP puts German refinery up for sale Read More »