Reuters UK Business

By Foo Yun Chee BRUSSELS (Reuters) -Credit Suisse, now part of UBS, and Credit Agricole on Wednesday lost their first challenges against million-euro fines issued by EU antitrust regulators in 2021 for taking part in a bond cartel. The European Commission handed out a 11.9 million-euro($12.75 million) fine to Credit Suisse and a 3.9 million-euro …

Credit Agricole, Credit Suisse lose challenges against EU cartel fines Read More »

By James Davey LONDON (Reuters) -British retailer Marks & Spencer forecast strong Christmas trading after reporting a better-than-expected 17% rise in first-half profit, adding to evidence its latest turnaround plan is working and sending its shares to an over eight-year high. After over a decade of failed revival efforts, M&S under CEO Stuart Machin is …

M&S turnaround gathers traction with first-half profit beat Read More »

MILAN (Reuters) -Italian postal service operator Poste Italiane on Wednesday reported better-than-expected operating profit in its third quarter, helped by a positive performance by all its diversified businesses and cost control. Poste, which has insurance, financial and digital payment divisions besides the traditional mail and parcels segment, said adjusted earnings before interest and tax (EBIT) …

Italy’s Poste operating profit beats forecast in Q3 Read More »

LONDON (Reuters) – A leading British think tank said on Wednesday that the country’s already slow economic growth rate could be more than halved if Donald Trump wins the U.S. presidential election and imposes sweeping import tariffs. In its latest report, the National Institute of Economic and Social Research painted a bleak picture for Britain’s …

UK economy risks big hit under Trump tariffs plan, think tank says Read More »

(Reuters) – Supermarket group Ahold Delhaize sees improving momentum in the busy end-of-year holiday quarter, it said on Wednesday, after its third-quarter results beat market expectations aided by faster recovery in Europe. Ahold’s shares rose as much as 8% to 33.30 euros per share, their highest intraday price ever, boosted by a potential Donald Trump …

Ahold Delhaize upbeat on Q4 outlook, shares boosted by US elections Read More »

FRANKFURT (Reuters) – Workers at Volkswagen’s Osnabrueck plant, considered a possible target for closure under the German automaker’s restructuring plans, are holding fresh warning strikes on Wednesday as part of regional protests over pay, the IG Metall union said. It is the second time in as many weeks that workers at the site are on …

VW workers at Osnabrueck plant hold fresh warning strike Read More »