Reuters UK Business

By Pranav Kashyap (Reuters) -European shares stumbled on Thursday, weighed down by a string of disappointing corporate earnings, while a global tech stock rout sent jittery investors scrambling for safer havens. The pan-European STOXX 600 index fell 1.4% to a more-than-two-month low as of 0834 GMT, and was set for the worst day in over …

Europe’s STOXX 600 loses more than 1% amid corporate earnings slump, global tech rout Read More »

By America Hernandez PARIS -French oil major TotalEnergies reported a 6% fall in second-quarter earnings on Thursday, worse than analysts expected, hurt by lower refined product and gas sales and as European refining margins tumbled. Adjusted net income for the three months to June 30 was $4.7 billion, down from $4.96 billion a year earlier …

TotalEnergies Q2 earnings fall 6% on weak refined product and gas demand Read More »

By Maria Martinez BERLIN (Reuters) -German business morale unexpectedly fell in July amid increasing pessimism about the performance of Europe’s largest economy, a survey of around 9,000 managers showed on Thursday. The Ifo institute said its business climate index sank to 87.0 in July from 88.6 in June, compared with a reading of 88.9 forecast …

German business sentiment unexpectedly darkens in July, says Ifo Read More »

By Tom Wilson and Sinead Cruise LONDON (Reuters) -British financial technology firm Revolut has received a UK banking licence with restrictions from the sector’s regulator, it said on Thursday, making new strides towards the full authorisation it has sought for three years. The licence brings Revolut, a global firm with more than nine million UK …

Revolut gets UK banking licence, ending three-year wait Read More »

By Emma Rumney LONDON (Reuters) -British American Tobacco (BAT) shares rose almost 3% in early Thursday trade as it beat first-half profit forecasts and investors latched on to some positives at its key U.S. business. The maker of Lucky Strike and Dunhill cigarettes made over 40% of its revenues in the United States in 2023, …

BAT shares climb as first-half results fuel US optimism Read More »

(Reuters) -Unilever beat first-half profit expectations on Thursday boosted by resilient pricing even as sales growth disappointed. Shares in the maker of Dove soap and Hellmann’s condiments rose 6.8% in early trade to the top of London’s FTSE 100 index. Unilever posted a 3.9% rise in second-quarter underlying sales, below the 4.2% increase expected by …

Unilever delivers profit beat despite disappointing sales Read More »

By Marc Jones (Reuters) – Britain’s largest water provider Thames Water suffered a major blow in its battle to avoid renationalisation on Wednesday as credit rating firm Moody’s downgraded its corporate family rating (CFR) and its safest tranche of debt to junk. The heavily indebted utility is at the centre of a crisis in Britain’s …

UK’s Thames Water’s troubles mount as credit rating cut to junk Read More »

By Nora Eckert and Nathan Gomes (Reuters) -Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is weighing on its bottom line, sending shares tumbling 12% in after-hours trading. The Detroit automaker earned an adjusted profit of 47 cents …

Ford profit disappoints, stock falls 12% as quality issues dog automaker Read More »