Reuters UK Business

(Reuters) -Europe’s biggest gas distributor Italgas on Thursday reported 10.9% growth in third-quarter adjusted core earnings, citing higher gas distribution turnover and cost cuts, as it prepares to reap the benefits from its consolidation efforts. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were 1.01 billion euros ($1.09 billion), with gas distribution revenue up …

Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition Read More »

(Reuters) -UK’s Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectations, after posting a 32% jump in first-half revenue, driven by another round of blockbuster performance of Sarah J Maas’s fantasy fiction titles. The publisher, best known for picking up J.K. Rowling’s Harry Potter series in 1997, has …

Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand Read More »

By Nerijus Adomaitis and Nora Buli OSLO (Reuters) -Equinor said on Thursday it may invest less in renewable energy towards 2030 following its acquisition this month of a stake in wind power group Orsted, while reporting weaker-than-expected third-quarter profits. Equinor on Oct. 7 announced a $2.5 billion purchase of a 9.8% stake in Orsted, surprising …

Equinor eyes lower spending on renewables after Orsted transaction Read More »

LONDON (Reuters) – Sentiment among British manufacturing companies fell at the fastest pace in two years ahead of finance minister Rachel Reeves’ first budget next week, a survey showed on Thursday. The Confederation of British Industry’s measure of business sentiment dropped in the three months to October to -24% from -9% in the three months …

UK business sentiment weakest in two years before budget, CBI says Read More »

By Yamini Kalia and Anousha Sakoui (Reuters) -Applied Nutrition’s shares opened 7% above its initial public offering (IPO) price on Thursday, giving the British supplements maker a valuation of 375 million pounds ($486.11 million) in one of the largest London IPOs this year. The IPO provides a boost for Britain’s financial markets, which have fallen …

Applied Nutrition jumps 7% on debut, among this year’s largest London IPOs Read More »