Reuters UK Business

Satellite firm SES’s post-merger outlook disappoints investors, shares slump

6 Nov 2025

By Alban Kacher (Reuters) -SES raised its annual earnings and revenue forecasts less than the market had expected, triggering a sharp selloff in its shares on Thursday, as the satellite group grapples with mounting debt following its acquisition of Intelsat. While the company cited early gains from the $3.1 billion acquisition as a reason for …

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Smith & Nephew shares drop 9% as US knee implant sales lag

6 Nov 2025

(Reuters) -British medical products maker Smith & Nephew on Thursday missed market expectations for quarterly revenue due to weakness in its U.S. knee implants business, sending its shares 9% lower. The company, however, kept its annual revenue and profit expectations unchanged. Smith & Nephew, over the past three years, has been trying to turn around …

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Staffing company Adecco says AI impact on jobs limited so far

6 Nov 2025

By John Revill ZURICH (Reuters) -Adecco has so far seen only a limited impact from artificial intelligence technology on the jobs market, Chief Executive Denis Machuel said on Thursday, as the staffing company reported better-than-expected third-quarter results. Concerns are mounting that AI is rapidly displacing human workers – with the trend evident in recent corporate …

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Exclusive-Prosus shows early-stage interest in German auto marketplace Mobile.de, sources say

6 Nov 2025

By Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) -Dutch technology investment group Prosus has expressed early-stage interest in potentially bidding for Mobile.de as the owners prepare to sell shares in the German online auto marketplace group, according to three people familiar with the matter. While shareholders Permira and Blackstone are leaning towards an initial public …

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Germany financial watchdog slaps record fine on JPMorgan of $52 million

6 Nov 2025

By Tom Sims FRANKFURT (Reuters) -Germany’s financial watchdog BaFin has imposed its largest-ever fine of 45 million euros ($52.5 million) on Frankfurt-based JPMorgan SE for deficiencies in money-laundering prevention. BaFin said on Thursday that JPMorgan had “systematically” filed so-called suspicious activity reports late in the period from October 2021 though September 2022. JPMorgan has grown …

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Swisscom’s nine-month core profit rises on Vodafone Italia boost

6 Nov 2025

By Amir Orusov (Reuters) -Telecoms group Swisscom reported a rise in nine-month core profit on Thursday, boosted by the Vodafone Italia acquisition it closed in January. For the first nine months of the year, group core profit after lease expenses (EBITDAaL) rose 17.3% to 3.78 billion Swiss francs ($4.77 billion) from 3.22 billion francs a …

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Volvo Cars ramps up profit margin goal as pursues strategy reset

6 Nov 2025

By Marie Mannes STOCKHOLM (Reuters) -Volvo Cars said on Thursday it was targeting a long-term operating profit margin of more than 8% as part of its strategy overhaul, which includes reworking its electrification plans and making hybrid cars for longer. The Swedish automaker last year scrapped its target of going all-electric by 2030, saying it …

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