Reuters UK Business Archives - Page 192 of 3179

Arm Holdings 3rd-quarter forecast tops expectations, shares rise

5 Nov 2025 6 Nov 2025

By Max A. Cherney and Juby Babu SAN FRANCISCO (Reuters) -Chip technology provider Arm Holdings gave a fiscal third-quarter forecast on Wednesday that topped Wall Street’s expectations, boosted by the boom in artificial intelligence computing. Shares of Arm rallied 5% immediately after the report but retraced gains within minutes and were up about 3%. For …

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UK’s Reeves set to spare banks from budget tax raid, FT reports

5 Nov 2025 6 Nov 2025

(Reuters) -British Finance Minister Rachel Reeves is set to spare banks from a punitive budget tax raid, after making it clear to colleagues she wants the sector to remain competitive and able to support the country’s growth, the Financial Times reported on Wednesday. Reuters could not immediately confirm the report. The Treasury declined to comment. …

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KPN to invest more than 5 billion euros in Netherlands by 2030, raise dividends

5 Nov 2025 5 Nov 2025

By Leo Marchandon and Jakob Van Calster (Reuters) -KPN plans to invest more than 5 billion euros ($5.83 billion) in the Netherlands through 2030, focusing on fibre-optic networks, 5G, artificial intelligence and cybersecurity, the Dutch telecoms group said on Wednesday. The company said it would raise dividend payouts to shareholders from 2026, distributing 80% of …

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Magnum Ice Cream says Ben & Jerry’s board chair not fit to serve

5 Nov 2025 5 Nov 2025

By Alexander Marrow LONDON (Reuters) -The Magnum Ice Cream Company has concluded that the chair of its Ben & Jerry’s independent board “no longer meets the criteria” to serve after internal investigations, according to a securities filing late on Tuesday, the latest twist in an internal feud. The spat between Magnum and the Vermont-based Ben …

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Italian banks BPER Banca and Popolare di Sondrio boards approve merger plan

5 Nov 2025 5 Nov 2025

(Reuters) -The boards of BPER Banca and Banca Popolare di Sondrio on Wednesday signed off on a merger plan between the two Italian lenders, the companies said in a statement. (Reporting by Mrinmay Dey in Bengaluru; Editing by Alan Barona)

M&S forecasts rebound after cyber hack halves first half profit

5 Nov 2025 5 Nov 2025

By James Davey LONDON (Reuters) -British retailer Marks & Spencer said it will have fully recovered from April’s cyber hack by March next year, forecasting second half profit “at least” in line with last year after it slumped 55.4% in the first half. The cyberattack meant the 141-year-old M&S, one of the biggest names on …

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Leonardo CEO confident group will exceed full-year financial goals

5 Nov 2025 5 Nov 2025

By Giulia Segreti ROME (Reuters) -Italy’s Leonardo will exceed the financial goals it has set itself for the full year given the strong results achieved so far in 2025, Chief Executive Roberto Cingolani said on Wednesday. Earlier, the aerospace and defence group reported year-on-year double-digit growth for orders, revenues and core profit in the first …

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UK’s FTSE 100 clinches new record close; focus on BoE, earnings

5 Nov 2025 5 Nov 2025

(Reuters) -UK’s FTSE 100 scaled a fresh record close on Wednesday after starting on a quiet note, while investors await the Bank of England’s interest rate decision and more corporate earnings later this week. The blue-chip index finished 0.6% higher at 9,777.08 points, surpassing its previous record close last Thursday. The midcap FTSE 250 rebounded 0.5%, …

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Portugal wants US, European fighter jet makers to compete for future deal

5 Nov 2025 5 Nov 2025

LISBON (Reuters) -Portugal wants to foster competition between makers of U.S.-made F-35s and European advanced fighter jets in the replacement of its ageing fleet of F-16s in order to maximise benefits, Defence Minister Nuno Melo said on Wednesday. His latest remarks appeared more open to a possible deal with the U.S. than comments in March, …

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Bunge profit tops estimates on strong processing margins, Viterra boost

5 Nov 2025 5 Nov 2025

By Karl Plume and Pooja Menon (Reuters) -Bunge Global topped Wall Street estimates for third-quarter adjusted profit on Wednesday with the closing of its acquisition of Viterra in July boosting volumes as oilseed processing margins improved, sending shares up 4.7%. Strong South American soybean exports lifted results in Bunge’s soybean processing and refining segment after …

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