Reuters UK Business

By Jesus Calero and Elviira Luoma (Reuters) – Nordea has seen aggressive pricing behaviour among Nordic banks, especially in Sweden, as they compete for customers amid softening loan demand, the CEO of the region’s biggest lender said on Thursday. Competition in Nordea’s key markets is intensifying, with lenders chasing market share in both retail and …

Nordea CEO flags price war in Sweden as lenders battle for market share Read More »

By Bartosz Dabrowski and Bernadette Hogg (Reuters) -Swiss lift- and escalator maker Schindler said on Thursday it was more confident of securing increased orders in North America, as it reaffirmed its full-year guidance of low single-digit revenue growth in local currencies. “We have accelerated our modernisation business and enhanced our offering,” CEO Silvio Napoli told …

Schindler upbeat on North America business as it confirms 2024 guidance Read More »

(Reuters) – Schneider Electric will pay about $850 million for a controlling stake in Motivair Corp, a specialist in liquid cooling for high-performance computing, the French firm said on Thursday, beefing up offerings for rapidly-growing data centres. The all-cash deal, expected to close in the coming quarters, will give Schneider a stake of 75% in …

Schneider Electric to buy data centre cooling firm Motivair for $850 million Read More »

(Reuters) – The pound drifted near two-month lows against the U.S. dollar on Thursday, after sliding a day earlier when a tame inflation report boosted Bank of England rate cut bets. Sterling was last down 0.1% at $1.29815 after breaching the key $1.30 mark on Wednesday when data showed British inflation dropped to the lowest …

Sterling drifts near two-month lows versus dollar Read More »

BELGRADE (Reuters) – Economic growth in the six Western Balkans countries is projected to moderately grow through 2025, thanks to increased consumption, investments and purchasing power, the World Bank said in a bi-annual report made public on Thursday. Albania, Bosnia, Kosovo, Montenegro, North Macedonia and Serbia will collectively grow 3.7% in 2025, 0.2 percentage point …

Western Balkan countries to grow 3.7% collectively in 2025, World Bank says Read More »

(Corrects reference in 2nd paragraph to company valuation (not the value of offering), changes the figures to 23 billion zlotys from 21.5 billion zlotys) GDANSK (Reuters) – Shares in Polish convenience store group Zabka rose 7% on their stock market debut in Warsaw on Thursday. The company priced its initial public offering (IPO) at 21.50 …

Poland’s Zabka debuts 7% higher in Warsaw IPO Read More »

PRAGUE (Reuters) – Czech interest rates in the coming years will be higher than in the past and cuts will be done with caution, central bank Governor Ales Michl said on Thursday. “We will cut (rates) but very carefully. But in any case, on average, interest rates should be higher than we were used to,” …

Czech rates to be cut with caution, central bank chief says Read More »

ANKARA (Reuters) – Turkey has been conducting technical works aimed at accelerating its planned purchase of Eurofighter Typhoon fighter jets, a defence ministry official said on Thursday. Ankara said last year it was in talks with Eurofighter consortium members Britain and Spain to buy Typhoons, though Germany objected the idea. Since then, it has complained …

Turkey working to accelerate Eurofighter jets buy, official says Read More »