Reuters UK Business

UK homebuilder Vistry warns on profit again amid cost troubles; shares tumble

8 Nov 2024

By Aby Jose Koilparambil (Reuters) -British homebuilder Vistry on Friday forecast further cost pressures in 2025 after issuing its second annual profit warning in a month, sending shares up to 21% lower. Shares of Britain’s largest homebuilder by yearly output slumped to a near 13-month low of 691 pence to be the top percentage loser …

UK homebuilder Vistry warns on profit again amid cost troubles; shares tumble Read More »

CNH Industrial shares fall after third-quarter profit miss, forecast cut

8 Nov 2024

(Reuters) – Shares of CNH Industrial fell more than 10% premarket on Friday, after the farm and construction equipment maker missed third-quarter profit estimates and cut its 2024 profit forecast due to weak demand and reduced dealer inventory requirements. The company trimmed its annual adjusted profit view to the range of $1.05 to $1.15 per …

CNH Industrial shares fall after third-quarter profit miss, forecast cut Read More »

French wine output seen falling by a quarter due to adverse weather

8 Nov 2024

By Sybille de La Hamaide PARIS (Reuters) – France’s wine output is expected to fall by nearly a quarter this year after adverse weather hurt vineyards throughout the cycle with the Champagne region most hit, the French farm ministry said on Friday. In a monthly report, the ministry projected wine output this year at 36.9 …

French wine output seen falling by a quarter due to adverse weather Read More »

Bolt drivers win UK tribunal claim over ‘workers’ employment status

8 Nov 2024

LONDON (Reuters) -Drivers for ride-hailing and food delivery startup Bolt in Britain on Friday won a case to be legally recognised as “workers”, entitling them to holiday pay and the minimum wage. Around 10,000 current and former Bolt drivers took legal action against Bolt at a London employment tribunal, arguing that they were formally workers …

Bolt drivers win UK tribunal claim over ‘workers’ employment status Read More »

UK supermarket Asda ‘lost the plot’ but is fixable, says chairman

8 Nov 2024

By James Davey LONDON (Reuters) – Asda, Britain’s third largest supermarket, “lost the plot” but can be fixed, its chairman said on Friday as it reported another slide in sales and warned measures in last week’s budget would cost the company 100 million pounds ($130 million). The group, majority owned by private equity firm TDR …

UK supermarket Asda ‘lost the plot’ but is fixable, says chairman Read More »

Italy’s Monte dei Paschi hikes 2024 profit goal after strong quarter

8 Nov 2024

By Valentina Za MILAN (Reuters) -Italian state-controlled bank Monte dei Paschi di Siena on Friday hiked its profit goal for the year after reporting a larger than expected 31% yearly rise in third quarter income. Like other Italian lenders, whose profits have been boosted by higher interest rates, Monte dei Paschi has been consistently topping …

Italy’s Monte dei Paschi hikes 2024 profit goal after strong quarter Read More »

Italy’s central bank governor urges world to avoid protectionism

8 Nov 2024

ROME (Reuters) – The international community must avoid exacerbating existing protectionist sentiment, Italy’s central bank governor said on Friday, after Donald Trump’s election stoked fears of hefty tariffs and trade wars. In his campaign Trump has said he would impose 60% tariffs on U.S. imports of Chinese goods and a tax of around 10% on …

Italy’s central bank governor urges world to avoid protectionism Read More »

BA owner IAG’s transatlantic advantage helps boost third-quarter profit

8 Nov 2024

By Sarah Young LONDON (Reuters) – British Airways owner IAG’s third-quarter operating profit jumped 15%, beating forecasts, as growth on its lucrative transatlantic routes helped it outperform rival airlines. IAG’s shares were up 5% after the Anglo-Spanish group’s strong summer performance, which eclipsed European competitors Air France-KLM and Lufthansa, both of which posted profit declines …

BA owner IAG’s transatlantic advantage helps boost third-quarter profit Read More »

Hobbs and Whistles owner TFG says UK budget to cost it up to 2 million pounds

8 Nov 2024

JOHANNESBURG (Reuters) – The boss of South Africa’s TFG, owner of British fashion retailers Hobbs and Whistles, said tax changes made by the UK government in last week’s budget would cost it an estimated 1 million to 2 million pounds ($2.59 million) annually. Britain said last month it would raise employers’ National Insurance, or social …

Hobbs and Whistles owner TFG says UK budget to cost it up to 2 million pounds Read More »

Close Bitnami banner
Bitnami