Reuters UK Business

Italy’s Webuild secures 9.3 billion euros in orders for first 9 months of 2025

14 Nov 2025

(Reuters) -Italy’s largest construction company Webuild said on Friday it had secured 9.3 billion euros ($10.9 billion) worth of new orders so far in 2025, and confirmed its financial guidance for the full year. The group has already crossed the order intake target under its 2023–2025 plan by nearly 10 billion euros, with the intake …

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GKN Aerospace owner Melrose posts four-month revenue rise on aftermarket strength

14 Nov 2025

(Reuters) -GKN Aerospace owner Melrose Industries reported a 14% rise in revenue for the four months to October 31, lifted by robust demand in aftermarket services and continued strength in its engines division. Geopolitical tensions have spurred higher defence spending, bolstering demand for suppliers like Melrose, while production delays at major customers have kept older aircraft …

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Allianz posts 15% rise in Q3 net profit after lifting outlook

14 Nov 2025

FRANKFURT (Reuters) -Germany’s Allianz on Friday posted a better-than-expected 15% rise in third-quarter net profit, figures that came a day after the insurer gave a rosier outlook for the full year.  Profit was helped by strength in the insurer’s property and casualty business and low losses from natural catastrophes. Net profit attributable to shareholders of …

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Stellantis-backed ACC to scrap plans for Termoli gigafactory, newspaper reports

14 Nov 2025

MILAN (Reuters) -The Stellantis-backed ACC joint venture is close to “definitely giving up” plans for a gigafactory plant in eastern Italy, newspaper MF reported on Friday. A decision for the plant in Termoli, which was earmarked by ACC as one of three European electric vehicle battery-making hubs, is expected by the end of the year …

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German lawmakers back measures to lower electricity costs

14 Nov 2025

BERLIN (Reuters) -Germany’s lower house of parliament passed two bills late on Thursday aimed at lowering electricity prices, which are among the highest in Europe and are a burden on industry and the wider economy. The costs are inflated by transmission fees, levies and taxes. * Lawmakers in the Bundestag voted to reduce network usagefees, …

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European officials consider pooling dollars to lessen Fed reliance after Trump shocks

14 Nov 2025

By Elisa Martinuzzi, Balazs Koranyi, Stefania Spezzati, Mathieu Rosemain and Giuseppe Fonte (Reuters) -European financial stability officials are debating whether to create an alternative to Federal Reserve funding backstops by pooling dollars held by non-U.S. central banks in a bid to reduce their reliance on the U.S. under the Trump administration, five officials familiar with …

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UK’s jobs downturn abates slightly ahead of budget, survey shows

14 Nov 2025

MANCHESTER, England (Reuters) -The downturn in Britain’s labour market abated slightly last month as recruiters reported the first increase in demand for temporary staff in over a year, a survey showed on Friday. The monthly Report on Jobs from accountants KPMG and the Recruitment and Employment Confederation (REC), a trade body, showed permanent job placements …

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Saab in talks with Canada, Bombardier to build Gripen fighter jets, Globe and Mail reports

14 Nov 2025

(Reuters) -Swedish defense company Saab is in talks with the Canadian government and Bombardier to build its Gripen fighter jet under license in Canada, which is expected to create 10,000 jobs in the country, CEO Micael Johansson told the Globe and Mail on Thursday. Sweden’s King Carl XVI Gustaf and Queen Silvia will visit Canada …

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US, Switzerland close in on deal to ease Trump’s crippling tariffs

14 Nov 2025

By David Lawder and John Revill WASHINGTON/ZURICH (Reuters) -The U.S. and Switzerland edged closer to a trade deal on Thursday to reduce President Donald Trump’s crippling 39% tariffs on Swiss imports and shrink Switzerland’s trade surplus with the U.S. after talks in Washington on Thursday, officials from the two countries said. Swiss Economy Minister Guy …

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