Reuters UK Business

By Anastasiia Kozlova and Matthias Inverardi (Reuters) -German logistics giant DHL topped market expectations for third-quarter operating profit and reaffirmed its 2025 targets on Thursday, helped by price adjustments and swifter than anticipated gains from a cost-cutting plan. Shares of the company jumped nearly 7% by 1122 GMT, among top performers on Europe’s benchmark STOXX …

DHL beats profit forecast helped by early grains from cost-cutting plan Read More »

By Edward McAllister and Lefteris Papadimas ATHENS (Reuters) -Exxon Mobil has signed a deal to explore for natural gas offshore Greece, increasing the U.S. presence in the eastern Mediterranean just as the Trump administration seeks to replace Russian energy flows into Europe.  The United States, which holds vast reserves of domestic natural gas, wants to …

Exxon enters Greece with gas deal that expands US footprint in eastern Med Read More »

By America Hernandez PARIS (Reuters) -Engie on Thursday reported an 18% tumble in its third-quarter earnings, missing forecasts, as lower hydropower output and a drop in gas prices took their toll on the French utility. Although Engie sold more gas, the benchmark European price for the third quarter was 9% lower than the same period in …

Engie earnings hit by lower gas prices, renewables drop Read More »

By Yoruk Bahceli and David Milliken LONDON (Reuters) -Investors overseeing more than $5 trillion in assets are urging British finance minister Rachel Reeves to double the size of the country’s financial buffer against economic shocks in her November 26 budget. Amundi, Europe’s largest asset manager, AXA Investment Managers, Allianz Global Investors and Franklin Templeton want …

Analysis-Major investors call on Britain’s Reeves to double fiscal buffer Read More »

By Nerijus Adomaitis and Terje Solsvik OSLO (Reuters) -Norway’s central bank kept its policy interest rate on hold at 4.0% on Thursday to combat inflation, as unanimously predicted by a Reuters poll, and said it was in no hurry to cut even if further easing was likely in the year ahead. “Inflation has come down …

Norway central bank keeps rates on hold, plans cut next year Read More »

By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second-largest supermarket group, raised its full-year profit outlook after a stronger-than-expected first half, saying it was entering the key Christmas trading period with momentum. Shares in the group were up 2% on Thursday, extending 2025 gains to 26%, after CEO Simon Roberts also said Sainsbury’s offer had “never …

Sainsbury’s upbeat on Christmas prospects as it raises profit outlook Read More »