Reuters UK Business

By Christian Kraemer and Maria Martinez BERLIN (Reuters) -Germany’s long-awaited economic recovery has been postponed once again, as the government cut its forecasts for this year amid trade tensions and growing domestic uncertainty over the upcoming election. The annual government report presented on Wednesday said the economy – still Europe’s largest – is expected to …

Hopes for German economic recovery vanish as election nears Read More »

By Joanna Plucinska LONDON (Reuters) -Ryanair is confident that Boeing will ramp up its production of 737 MAX jets to 38 per month this summer and will be allowed by U.S. President Donald Trump’s administration to then increase that to 42, the airline’s CEO said on Wednesday. Michael O’Leary, whose airline is one of the …

Ryanair CEO O’Leary confident of Boeing’s 737 ramp-up, sees Trump support Read More »

LONDON (Reuters) -Britain’s biggest supermarket group Tesco plans to cut about 400 jobs from stores and its head office, seeking efficiency savings so it can invest in the business, it said on Wednesday. The move follows that of Sainsbury’s, the No. 2 player, which said last week it planned to reduce its headcount by over …

UK’s Tesco to cut 400 jobs across stores and head office Read More »

By Inti Landauro and Marta Serafinko MADRID (Reuters) -Spain’s economy expanded by 3.2% in 2024, outstripping official forecasts and far outperforming its euro zone peers, preliminary data from the National Statistics Institute showed on Wednesday. The Spanish government expects to raise its forecast for this year from 2.4% following the stronger-than-expected performance, which was buoyed …

Spain’s economy outperforms euro zone in 2024 with 3.2% growth Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Daniel Loeb, who runs hedge fund Third Point, on Wednesday urged SoHo House directors to run a “fair” sales process and consider other potential bidders after the hospitality group received a take-private offer late last year. The billionaire investor called the $9 a share offer made last year a …

Third Point’s Loeb pushes for ‘fair’ sales process at SoHo House Read More »

By Harshita Mary Varghese (Reuters) -T-Mobile said on Wednesday it expected its wireless subscriber growth this year to exceed Wall Street estimates by more than double, due to strong demand for its premium 5G plans, sending its shares up more than 7% in early trading. The forecast followed a strong fourth quarter in which the …

T-Mobile forecasts robust 2025 subscriber growth on strong premium plan demand Read More »

By Julia Payne and Lili Bayer BRUSSELS (Reuters) -The European Commission proposed banning imports of Russian primary aluminium imports and restricting sales of video game consoles to Russia in a 16th package of sanctions over its invasion of Ukraine, a document seen by Reuters showed. The proposal was circulated to member states on Tuesday with …

EU proposes bans on aluminium, video game consoles in new Russia sanctions Read More »