Reuters UK Business

By Mimosa Spencer and Dominique Patton PARIS (Reuters) -Shares in LVMH fell as much as 6.5% in early Wednesday trade and were on track for their biggest one-day drop since October 2023 after second-quarter sales growth at the French luxury goods giant missed analysts’ consensus estimate. The world’s biggest luxury group said late Tuesday its …

LVMH shares drop after missing second-quarter estimates Read More »

MADRID (Reuters) – Spanish utility Iberdrola is interested in British power network Electricity North West (ENWL) and plans to bid for it, Executive Chairman Ignacio Sanchez Galan told analysts and investors on Wednesday. “Of course, the company is interesting for us,” he said in a call held to discuss the company’s second quarter earnings. “I …

Spain’s Iberdrola to bid for UK’s Electricity North West, chairman says Read More »

(Reuters) -British luxury carmaker Aston Martin reported forecast-beating second-quarter profits on Wednesday, powered by stronger sales to dealers of some exclusive models, as it reiterated guidance for hefty profit growth later this year. Shares in Aston Martin, which have fallen about 30% so far this year, were up about 11% at 166.40 pence by 0822 …

Aston Martin’s Q2 profit beats market view on special model sales Read More »

By Olivier Sorgho and Leo Marchandon (Reuters) -French telecom services provider Orange reported a rise in second-quarter core profit on Wednesday, boosted by strong sales in Africa and the Middle East, and price increases in Europe. Core profit after leases, excluding the company’s Spanish operations, rose 2.6% year-on-year to 3.11 billion euros ($3.37 billion), in …

Orange weathers pricing competition as Q2 earnings rise Read More »

By Victoria Waldersee BERLIN (Reuters) -Porsche said it was fighting to restore production volumes and to re-prioritise spending after supply chain snags, slow EV demand and a sales slump in China weighed on results in the first half. The luxury sportscar maker was hit harder than rivals by recent aluminium supply shortages in Europe because …

Porsche bids to restore production, boost margins after weak first half Read More »

By Jesús Aguado MADRID (Reuters) – Spain’s Santander hiked its profitability goals after strong growth at its main retail business, especially in Spain and Brazil which offset some weakness in Britain and a hit from hyperinflation in Argentina. The euro zone’s second-biggest bank by market value has relied in the past on Latin America for …

Santander raises profitability goals after record quarter Read More »

By Paul Sandle LONDON (Reuters) -Britain’s Informa said on Wednesday it had reached a deal to buy Cannes Lions Festival owner Ascential for 1.2 billion pounds ($1.6 billion), adding the flagship ad industry conference to its portfolio of events. Shares in Ascential, which also owns the Money20/20 fintech events, jumped 26% to 565 pence in …

Informa to buy Cannes Lions owner Ascential for $1.6 billion Read More »

By Nina Chestney LONDON (Reuters) – Britain’s national gas network is ready to accommodate hydrogen as a fuel to power homes and industry, a report based on a trial carried out by National Gas showed on Wednesday, which owns and operates the gas transmission network. Replacing natural gas with hydrogen is viewed as a way …

Britain’s gas network ready for hydrogen fuel, report says Read More »