Reuters UK Business Archives - Page 1424 of 3179

Aurubis’ CFO sees uplift from sulphuric acid, AI industry demand amid earnings beat

6 Feb 2025 6 Feb 2025

By Bernadette Hogg and Isabel Demetz (Reuters) -Aurubis, Europe’s largest copper producer, reported a first-quarter earnings beat on Thursday, pushed up by higher metal prices, robust copper product sales, as well as increased sulphuric acid revenue and lower costs. In an interview with Reuters, CFO Steffen Hoffmann said Aurubis saw growing demand for sulphuric acid, …

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Pop-Tarts maker Kellanova beats quarterly sales, profit estimates on steady demand

6 Feb 2025 6 Feb 2025

(Reuters) – Packaged food company Kellanova beat Wall Street expectations for fourth-quarter earnings on Thursday, on the back of steady demand for its snacks and breakfast cereals such as Pringles and Cheez-It. While other packaged food companies such as Conagra and McCormick are facing a demand slowdown as customers cut back on ready-to-eat meals, Kellanova …

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Zimmer Biomet forecasts 2025 profit below estimates

6 Feb 2025 6 Feb 2025

(Reuters) – Medical device maker Zimmer Biomet Holdings forecast full-year adjusted profit below Wall Street estimates on Thursday, as it anticipates a hit from a strong dollar. The company expects 2025 adjusted profit to be in the range of $8.15 to $8.35 per share, compared with the average of analysts’ expectations of $8.56 per share, …

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Bank of England policymakers speak after rate cut, weaker growth forecast

6 Feb 2025 6 Feb 2025

LONDON (Reuters) -The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary. Here’s what Bank of England officials said in a press conference following that decision: BANK OF ENGLAND GOVERNOR ANDREW BAILEY On Inflation and future rate moves: …

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ArcelorMittal calls for stronger EU support for green steel

6 Feb 2025 6 Feb 2025

By Anna Peverieri and Johan BODINIER (Reuters) – ArcelorMittal on Thursday called on the European Union to tighten trade protections and increase support for green investments, as high costs and cheap Chinese imports threaten the bloc’s steel industry. “The European steel industry is under significant pressure,” CFO Genuino Christino told Reuters. “We face high costs, …

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Dutch bank ING’s profit fall disappoints investors

6 Feb 2025 6 Feb 2025

By Jakob Van Calster and Mateusz Rabiega (Reuters) -A lukewarm outlook from ING combined with a fall in profit hit the Dutch bank’s shares on Thursday, as its CEO reiterated his interest in buying European rivals. ING, one of Europe’s biggest online banks and mortgage lenders, reported annual net profit of 6.4 billion euros, a …

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Bank of England cut rates again, sterling falls

6 Feb 2025 6 Feb 2025

LONDON (Reuters) – The Bank of England cut interest rates by a quarter of a percentage point on Thursday, judging a sharp upward revision to its inflation forecasts for this year will prove temporary. The cut to 4.5% was in line with economists’ expectations in a Reuters poll, but two officials called for a bigger …

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AstraZeneca shares rise as China probe update reassures

6 Feb 2025 6 Feb 2025

By Pushkala Aripaka and Maggie Fick (Reuters) – AstraZeneca on Thursday said it could face a fine of up to $4.5 million in China over suspected unpaid import taxes, raising investor hopes that the impact of several probes in the country could be minor and leading its shares to rise about 5%. The stock was …

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Maersk eyes 4% market growth in 2025, uncertainty over tariffs and Red Sea

6 Feb 2025 6 Feb 2025

By Stine Jacobsen COPENHAGEN (Reuters) -Maersk on Thursday said it expects to grow its business to track an expected 4% growth in global container shipping this year, even as profits are set to decline and U.S. President Donald Trump’s tariff threats create uncertainty. Geopolitical developments including Trump’s threats to impose tariffs on the top U.S. …

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Global tariff threats could deal $207 million blow to Pernod Ricard

6 Feb 2025 6 Feb 2025

LONDON (Reuters) -Tariffs imposed by China and the United States could deal an estimated 200 million euro ($207 million) blow to Pernod Ricard’s business annually, finance chief Helene de Tissot said on Thursday. China has already imposed temporary tariffs on European brandy imports, hurting Pernod’s sales of its Martell cognac brand. The impact of tariffs, …

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