Reuters UK Business

By Kirstin Ridley and Sinead Cruise LONDON (Reuters) – Barclays, NatWest and Lloyds are among seven banks to share customer data with the National Crime Agency (NCA) in the largest project of its kind worldwide to tackle criminal gangs, money laundering and “dirty money” flowing through the country. Reuters revealed one year ago that more …

Seven banks share data with UK law enforcement in ‘dirty money’ crackdown Read More »

(Reuters) -Germany’s Merck on Friday raised its forecast for the group, mainly driven by a strong operating performance at its healthcare and electronics units. The maker of pharmaceuticals, lab gear and specialty chemicals now expects net sales to be between 20.7 billion euros ($22.49 billion) and 22.1 billion euros for 2024. The healthcare unit’s performance …

Germany’s Merck raises 2024 forecast on healthcare, electronics units’ performance Read More »

FRANKFURT (Reuters) -The European Central Bank still faces a tough “last mile” in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member Isabel Schnabel said in an interview published on Friday. Schnabel, the most influential among the hawkish policymakers who drove the ECB’s steepest ever …

ECB’s Schnabel still sees tough ‘last mile’ in inflation fight Read More »

By Mathieu Rosemain LONDON (Reuters) – When acquisitive Czech billionaire Daniel Kretinsky set his eyes earlier this year on one of Britain’s most iconic companies, the Royal Mail, he chose BNP Paribas along with two Wall Street giants to advise him. The 3.57 billion pound ($4.63 billion) takeover of Royal Mail’s owner still needs UK …

Analysis-BNP Paribas aims at ‘usual suspect’ status in hard-to-crack UK market Read More »

MILAN (Reuters) – An Italian unit of Amazon is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million euro seizure from another of the group’s Italian units this week. Italy’s tax police on Tuesday seized some 121 million euros ($131 million) …

Amazon under second investigation in Milan for tax evasion, sources say Read More »

By John Revill ZURICH (Reuters) -Holcim cut its guidance for full-year sales growth on Friday after a downturn in Europe and North America hit second-quarter sales at the cement and building materials maker. In the first results under new CEO Miljan Gutovic, Holcim reduced its outlook for sales growth to the low single-digit percentage range …

Holcim cuts full-year sales outlook after U.S. downturn Read More »

By Louis van Boxel-Woolf and Eva Orsolya Papp (Reuters) – German truckmaker Traton, majority-owned by Volkswagen, on Friday posted a 7% rise in first-half operating profit buoyed by higher prices, even as demand remained lacklustre in Europe. Operating profit rose to 2.1 billion euros ($2.3 billion) on sales revenue up 2% to 23.4 billion euros, …

German truckmaker Traton posts profit rise on higher prices Read More »

By Aby Jose Koilparambil (Reuters) – Rightmove, Britain’s largest property portal, reported a 1% rise in interim profit on Friday but warned of a decline in new homes revenue due to falling development numbers, with no recovery expected in the second half of the year. The British housing market has been betting on a near-term …

UK property portal Rightmove flags revenue hit from new home sales Read More »