Reuters UK Business

By Jan Strupczewski and Marcela Ayres RIO DE JANEIRO (Reuters) – Brazil’s idea to tax the world’s super-rich to reduce inequality was well received at a meeting of G20 finance ministers this week, but will be very challenging to implement, top European and U.S. officials said on Thursday. With its presidency of the Group of …

Brazil’s “billionaire tax” idea well received at G20, but seen as difficult to implement Read More »

By Francesca Landini MILAN (Reuters) -Italian utility Enel said on Thursday it would pay a dividend on its 2024 results above the group’s planned floor, after reporting a 9% rise in its first-half core profit. “Results registered and the visibility on the second half of the year position us in the high end of the …

Enel pledges higher dividend after 9% rise in H1 core profit Read More »

By Paul Sandle LONDON (Reuters) -Vodafone reported a slow down in top-line growth on Thursday, ending four quarters of accelerating improvement, after law changes related to selling TV services in Germany caused its largest market to go into reverse. The European and African mobile operator said the decline in Germany was expected and it was …

Vodafone’s growth slows as Germany goes into reverse Read More »

By Ludwig Burger FRANKFURT (Reuters) -Roche on Thursday raised its full-year earnings forecast after exceeding expectations for the first half, driven by strong demand for newer drugs such as eye medicine Vabysmo. The Swiss drugmaker said it expects growth in adjusted earnings in the “high single-digit range”, excluding the effect of currency swings and resolution …

Roche lifts 2024 profit guidance on strong drug sales Read More »

By Stephanie Hamel (Reuters) -Airline group Air France-KLM reported a worse-than-expected 30% drop in quarterly operating profit on Thursday, as higher labour and fuel costs erode margins even as revenues are boosted by higher fares. Second-quarter operating profit fell to 513 million euros ($557 million), below the 547 million euros expected in a company-provided consensus …

Air France-KLM misses profit forecast on higher costs Read More »

By Clara Denina and Felix Njini LONDON (Reuters) -Anglo American took a further $1.6 billion writedown on its British fertiliser project on Thursday but said it expects to reach a deal to sell its coal assets by early 2025 despite a fire at one of its mines. CEO Duncan Wanblad is under pressure to boost …

Anglo takes further fertiliser writedown, sees coal deal by early 2025 Read More »

FRANKFURT (Reuters) – Turbine and engine maker Siemens Energy will build a 280-megawatt (MW) green hydrogen electrolysis system for Northern German utility EWE which is expected to begin operating in 2027, the two companies said on Thursday. The awarding of the contract is one of a flurry of deals after Germany last week handed 4.6 …

EWE, Siemens Energy to build 280 MW green hydrogen electrolysis plant Read More »

ZURICH (Reuters) -Switzerland’s Galderma reported a 10.8% rise in net sales on a constant currency basis in the first half of 2024, driven by growth in all product categories, and prompting an upbeat outlook from the skin care company on Thursday. Net sales were $2.2 billion in the six months through June, and Core EBITDA …

Swiss skin care firm Galderma upbeat on prospects after robust sales growth Read More »

By Pranav Kashyap (Reuters) -European shares stumbled on Thursday, weighed down by a string of disappointing corporate earnings, while a global tech stock rout sent jittery investors scrambling for safer havens. The pan-European STOXX 600 index fell 1.4% to a more-than-two-month low as of 0834 GMT, and was set for the worst day in over …

Europe’s STOXX 600 loses more than 1% amid corporate earnings slump, global tech rout Read More »