Reuters UK Business

Exclusive-Telecoms among targets in investor PPF’s European expansion drive

8 Nov 2024

By Jan Lopatka and Michael Kahn PRAGUE (Reuters) – PPF Group, the investment vehicle owned by central Europe’s richest family, will seek more acquisitions across its portfolio including potentially some United Group assets in south-east Europe and other telecom firms, its CEO Jiri Smejc told Reuters. Billionaire investor Smejc took over managing PPF in 2022 …

Exclusive-Telecoms among targets in investor PPF’s European expansion drive Read More »

BoE’s Bailey says will monitor for Trump trade impacts on UK economy

8 Nov 2024

LONDON (Reuters) – The Bank of England will monitor the trade policies of U.S. President-elect Donald Trump for their impact on the UK economy once they are announced, BoE Governor Andrew Bailey said, adding he did not want to speculate on what the policies might be. “We’ll watch it very closely… I’m not going to …

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Delivery Hero’s Talabat to launch over $1 billion Dubai IPO next week, sources say

8 Nov 2024

By Hadeel Al Sayegh and Federico Maccioni DUBAI (Reuters) -Talabat, the Middle East business of Delivery Hero, plans to launch its Dubai initial public offering next week, three people familiar with the plans told Reuters, in one of the UAE’s biggest IPOs this year. The deal, set by the German parent for the fourth quarter, …

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Bank of England must look past budget’s temporary inflation hit, Pill says

8 Nov 2024

By Andy Bruce LONDON (Reuters) – The Bank of England will need to look beyond the temporary inflation boost from last week’s budget but must keep a close eye on anything that might add to longer-term price pressures, BoE Chief Economist Huw Pill said on Friday. The BoE estimated on Thursday that budget measures including …

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Italian payments group Nexi confirms guidance despite economic headwinds

8 Nov 2024

By Alberto Chiumento (Reuters) -Italian payments group Nexi on Friday reported third-quarter revenue above expectations and confirmed its guidance despite a softer than expected macroeconomic environment, Chief Executive Paolo Bertoluzzo said. “Summer was a bit softer than what we were anticipating, what has been missing a little bit was the strong contribution that we saw …

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UniCredit set to free up capital with potential SRT deal, Bloomberg News reports

8 Nov 2024

(Reuters) – UniCredit is selling a significant risk transfer (SRT) linked to a 1.5 billion euro ($1.62 billion) credit portfolio to free up capital, Bloomberg News reported on Friday. The Italian lender is marketing an SRT worth 144 million euros which is linked to domestic residential mortgages, the report said, citing people familiar with the …

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IKEA reports higher profit despite revenue hit from price cuts

8 Nov 2024

(Corrects paragraph 8 to show new factory was opened in Slovakia, not Slovenia) By Helen Reid LONDON (Reuters) – Inter IKEA, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its range of products like …

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Helios Towers looks to digitalisation to drive growth in Africa and Middle East

8 Nov 2024

By Alessandro Parodi (Reuters) – British telecoms infrastructure group Helios Towers said on Thursday it expects continued growth in 2025 as digitalisation drives demand in Africa and the Middle East. Increasing data consumption and cellphone users in the region, which Helios Towers says has the highest penetration growth worldwide, have contributed to earnings beats and …

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Cartier owner Richemont cautious on hiking jewellery prices despite high gold prices

8 Nov 2024

PARIS (Reuters) -Cartier owner Richemont plans to stick to its cautious approach to raising prices of jewellery despite the soaring price of gold in recent months, and has no plans yet for price increases in the upcoming months, executives said on Friday. “We’ve been extremely cautious at maintaining the actual activity of our retail pricing …

Cartier owner Richemont cautious on hiking jewellery prices despite high gold prices Read More »

Stellantis set to again halt production at Italy’s Mirafiori plant

8 Nov 2024

By Alvise Armellini and Giulio Piovaccari MILAN (Reuters) -Automaker Stellantis will once again halt car production at its historic Mirafiori plant in Italy, which makes the electric Fiat 500 and two Maserati models, a trade union source said on Friday, confirming press reports. Auto production at the site, which had been suspended from mid-September until …

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