Reuters UK Business

By Elizaveta Gladun and Linda Pasquini (Reuters) – Nivea maker Beiersdorf reported on Thursday a rise in group sales for the first nine months of 2024, and said it expected a strong fourth quarter, despite persisting challenges in the Chinese luxury market. Shares in the company rose 3.9%, to 132 euros in early trade, with …

Beiersdorf optimistic on future despite China challenges Read More »

By Dagmarah Mackos (Reuters) -BE Semiconductor Industries (Besi) expects a rise in demand for its hybrid bonding systems in 2025 following shipment delays in the fourth quarter, the chipmaking parts supplier said on Thursday, after third-quarter new orders missed estimates. Besi’s stock, down about 26% this year, was up around 4% at 0825 GMT, recovering …

Besi eyes 2025 surge in hybrid bonding demand after Q3 orders miss estimate Read More »

BRUSSELS (Reuters) – The EU Court of Justice, Europe’s top court, ruled on Thursday in favour of Intel, ending a nearly two-decade-long fight between the U.S. chipmaker and EU regulators who had said it had tried to thwart a rival. “The Court of Justice dismisses the Commission’s appeal, thereby upholding the judgment of the General …

Europe’s top court rules for Intel to end long-running antitrust case Read More »

(Corrects paragraph 7 to show sales volume as 482,468 vehicles, not 482,468 million) PARIS (Reuters) – French carmaker Renault reported an unexpected rise in quarterly revenues on Thursday, as strong demand for its pricier new models helped it offset lower total volumes. Revenues came in at 10.7 billion euros ($11.55 billion), up 1.8% from a …

Renault beats Q3 forecasts as new launches lift sales Read More »

By Lawrence White and Sinead Cruise LONDON (Reuters) -Barclays reported a forecast-beating 18% rise in third-quarter profit on Thursday, as slower than expected interest rate cuts and upbeat investment banking prospects helped it raise its income outlook for the year. The buoyant earnings performance shows early promise for Barclays in its challenge, along with European …

Barclays boosts profit, ups income outlook as investment bank delivers Read More »

By Jesús Aguado MADRID (Reuters) -Lending income at Spain’s Bankinter fell in the third quarter compared to the previous quarter as the impact of lower interest rates began to squeeze margins. Spanish banks have benefited from the higher cost of loans tied mostly to variable rates that have been passed onto customers, while savers have …

Bankinter’s Q3 lending income squeezed by lower rates Read More »

(Reuters) -Neste has withdrawn from an investment into renewable hydrogen production at its plant in Porvoo, Finland, the oil refiner and biofuel maker said after its third-quarter core earnings missed expectations on Thursday. The Helsinki-listed group said it would need to re-evaluate any new investments due to the challenging market conditions, and added it was …

Finland’s Neste scraps investment in renewable hydrogen in tough biofuel market Read More »

By Tim Hepher and Joey Roulette PARIS/WASHINGTON (Reuters) – The European Space Agency is in talks with SpaceX about the possibility of Elon Musk’s space venture joining an international charter designed to reduce a growing swarm of debris in space, Director General Josef Aschbacher told Reuters. The 22-nation agency is spearheading one of several efforts …

Exclusive-Europe agency says it is in talks with SpaceX on tackling space junk Read More »