Reuters UK Business

ArcelorMittal posts third-quarter profit beat, flags optimism for 2026

6 Nov 2025

(Reuters) -ArcelorMittal, the world’s second largest steelmaker, reported a better-than-expected third quarter profit on Thursday helped by a strong performance in Europe and gave a positive outlook for 2026. The Luxembourg-based company booked a $1.51 billion core profit in the quarter, 3% above the $1.46 billion seen in company-provided consensus. Shares in the company were …

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UK construction activity falls to lowest since 2020 as civil work plummets, PMI shows

6 Nov 2025

LONDON (Reuters) -Britain’s construction sector contracted in October at the fastest pace in over five years, with civil engineering activity declining at the fastest pace since the pandemic, due to weak demand and uncertainty ahead of finance minister Rachel Reeves’ budget, a survey showed on Thursday. S&P Global’s monthly purchasing managers’ index for the construction …

UK construction activity falls to lowest since 2020 as civil work plummets, PMI shows Read More »

ECB comfortable with rates; sees only temporary inflation undershoot, VP says

6 Nov 2025

FRANKFURT (Reuters) -The European Central Bank is comfortable with the current level of interest rates and considers any inflation dip below 2% to be temporary, Luis de Guindos, the bank’s Vice President said on Thursday. Inflation, hovering just above the ECB’s 2% target for most of this year, is projected to dip below that level …

ECB comfortable with rates; sees only temporary inflation undershoot, VP says Read More »

Germany facing rising financial stability risk, Bundesbank warns

6 Nov 2025

FRANKFURT (Reuters) -Germany is facing rising risks to its financial stability from erratic U.S. economic policy, overvalued equity markets, excessive debt levels around the world and souring bank credit, the Bundesbank warned on Thursday. The German economy, Europe’s largest, has been stagnant for the past three years and deeply rooted structural rigidities are holding back …

Germany facing rising financial stability risk, Bundesbank warns Read More »

Solvay confirms guidance, says tariff concerns in Brazil are ‘not forever’

6 Nov 2025

By Olivier Cherfan (Reuters) -Belgium’s Solvay reported a quarterly profit beat on Thursday, helped by a sale of surplus CO2 emission rights, and confirmed 2025 outlook as the chemicals group revamps its portfolio amid energy-transition projects and weak European production. Solvay, which produces a range of essential chemicals from soda ash to peroxides used in …

Solvay confirms guidance, says tariff concerns in Brazil are ‘not forever’ Read More »

German businesses see economic stagnation this year, 0.7% growth next

6 Nov 2025

By Maria Martinez BERLIN (Reuters) -The German economy is expected to stagnate this year after two years of contraction, with tepid growth of 0.7% forecast in 2026, the German Chamber of Commerce (DIHK) said on Thursday.  Its projections were more pessimistic than those of the government, which foresees 0.2% this year and 1.3% next.  German …

German businesses see economic stagnation this year, 0.7% growth next Read More »

German industrial output rises less than expected in September

6 Nov 2025

By Ludwig Burger FRANKFURT (Reuters) -German industrial production rose less than expected in September, increasing 1.3% over the previous month amid gains in the car and electronics industries but tempered by a decline in mechanical engineering, the statistics office said on Thursday. The data came below a 3% consensus forecast in a Reuters poll of …

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Investor Attestor reviews strategic options for Condor, airline’s CEO says

6 Nov 2025

By Ilona Wissenbach FRANKFURT (Reuters) -Investment firm Attestor is reviewing strategic options, including a partial sale, of German charter airline Condor and has hired Barclays to that effect, the carrier’s CEO Peter Gerber said. “Attestor recently initiated a process to identify strategic options for Condor,” Gerber told Reuters. Attestor declined to comment. In 2021, Attestor …

Investor Attestor reviews strategic options for Condor, airline’s CEO says Read More »

Commerzbank profit unexpectedly falls 8% as higher tax rates, costs weigh

6 Nov 2025

By Tom Sims and Alexander Hübner FRANKFURT (Reuters) – Germany’s Commerzbank, fending off a possible takeover by Italy’s UniCredit, reported an unexpected 7.9% drop in third-quarter net profit on Thursday as higher tax rates and costs weighed on earnings. The bank reported a net profit of 591 million euros ($689.22 million) in the quarter ended …

Commerzbank profit unexpectedly falls 8% as higher tax rates, costs weigh Read More »

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