Reuters UK Business

By Yadarisa Shabong (Reuters) -Caterer Compass raised its annual profit and revenue forecasts for the second time this year on Tuesday, after third-quarter revenue beat expectations as more people eat in office canteens rather than in pricier high-street restaurants. Shares in the FTSE 100-listed company rose nearly 5% to the top of the London blue-chip …

British caterer Compass serves up second annual forecast upgrade this year Read More »

By Pranav Kashyap and Shristi Achar A (Reuters) – European shares edged higher on Tuesday as a rally in technology-related shares following robust earnings from SAP and Logitech offset losses in miners. The pan-European STOXX 600 index was up 0.1%, as of 0842 GMT, after posting its best day in more than a month on …

European stocks inch up as tech shares rally, miners limit gains Read More »

By Harry Robertson LONDON (Reuters) – The pound fell slightly on Tuesday, slipping further from last week’s one-year high, as investors waited for U.S. inflation data on Friday to shake up subdued currency markets. Sterling was last 0.1% lower against the dollar at $1.2924, after hitting its highest level last week since July 2023 at …

Sterling dips after strong rally as traders await fresh impetus Read More »

By Francesca Landini MILAN (Reuters) -Italy’s Eni is in exclusive talks, it said on Tuesday, with investment company KKR over the sale of a minority stake in Enilive, a deal that could value the biofuel unit at 11.5-12.5 billion euros ($12.5-$13.6 billion) including debt. KKR’s potential purchase of between 20% and 25% of Enilive would …

Eni’s biofuel unit could have 12.5 billion euro valuation in KKR deal Read More »

(Reuters) -Porsche AG cut its sales and profit outlook on Tuesday due to an unexpected aluminium alloy supply shortage, sending shares in the German luxury sports car maker to the bottom of Frankfurt’s blue-chip index. Flooding at an unnamed European contractor has hurt supply of aluminium alloy, Porsche AG said, affecting production of all its …

Porsche cuts sales forecast due to alloy shortage; shares tank Read More »

By Enrico Sciacovelli (Reuters) -Randstad, the world’s largest employment agency, reported second-quarter core earnings slightly below expectations on Tuesday reflecting weak hiring activity across many of its markets. The Dutch company’s underlying earnings before interest, tax and amortisation (EBITA) fell 34% to 181 million euros ($197 million), below the 187 million euros expected by analysts …

Dutch recruiter Randstad’s Q2 earnings fall slightly below estimates Read More »

By Prerna Bedi (Reuters) -British recruiter SThree Plc said on Tuesday it expects its annual performance to be in line with market expectations buoyed by contract hiring and cost controls, even as tough hiring market conditions prevail in the second half. Shares in the firm, which hires employees for the finance, energy, banking, pharmaceutical, engineering …

UK’s SThree sees steady FY performance despite hiring market woes Read More »

By Matteo Allievi and Jagoda Darlak (Reuters) -Shares in Swiss fragrance and flavour maker Givaudan fell as much as 6% on Tuesday as its second-quarter sales growth showed signs of stabilisation after a strong start to the year. From January to June, its sales rose 12.5% to 3.74 billion Swiss francs ($4.20 billion) on a …

Givaudan shares fall as sales growth stabilises in Q2 Read More »

By Rajesh Kumar Singh and Joanna Plucinska CHICAGO/LONDON (Reuters) – Record summer travel demand was tipped to translate into bumper earnings for airlines – but quarterly reports are looking less than stellar. While plenty of customers are flocking to travel destinations worldwide, airlines are finding an excess supply of seats in the price-sensitive end of …

Summer travel boom not enough to fire up airline earnings Read More »

(Reuters) -Europe’s largest software maker SAP reported a 25% jump in its cloud business and beat analysts’ estimates for total revenue for the second quarter on Monday. The company’s total revenue rose 10% to 8.29 billion euros ($9.02 billion), edging past analysts’ consensus of 8.25 billion euros, helped by demand for its business planning software. …

German software maker SAP’s quarterly cloud revenue leaps 25% Read More »