Reuters UK Business

By Neil J Kanatt (Reuters) -Norwegian Cruise Line Holdings forecast fourth-quarter profit below expectations on cost pressures and subdued appetite for sea-based vacations as travelers curb spending, sending its shares down about 15% on Tuesday. Persistent inflation, tariff-driven uncertainty, and the fallout of the prolonged U.S. government shutdown on port activity have clouded demand heading …

Norwegian Cruise forecasts quarterly profit below estimates, shares tumble Read More »

By Francesca Landini and Laura Contemori MILAN (Reuters) -Italy’s Industrie De Nora is exploring options to grow its water technology business and may announce an acquisition by year-end, its chief executive said on Tuesday after the electrochemical group reported nine-month results. “We have concrete (M&A) projects and hope to be able to announce something by …

De Nora eyes water tech deal, raises profit margin outlook Read More »

By Dmitry Zhdannikov, Ahmad Ghaddar and Robert Harvey LONDON (Reuters) -Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in Switzerland, sources said. The United States and the United Kingdom last month imposed sanctions on …

Lukoil’s overseas network buckles as Western sanctions bite Read More »

By America Hernandez PARIS -French oil major TotalEnergies expects global oil demand to rise until 2040 before declining gradually as energy security concerns and a lack of political coordination slow efforts to cut emissions, it said in its annual energy outlook report on Tuesday. The forecast is an upward revision from last year, reflecting U.S. …

TotalEnergies forecasts rising oil demand until 2040 as energy transition slows Read More »

By David Latona and Jesus Calero MADRID (Reuters) -Investors wiped some 3 billion euros ($3.5 billion) off Telefonica’s market value on Tuesday after the Spanish telecoms giant said it would halve its dividend next year as part of a new five-year strategic plan.  The strategy spearheaded by CEO Marc Murtra, who took over in January, …

Telefonica sheds $3.5 billion in value after launching new strategy Read More »

By Nathan Gomes (Reuters) -Harley-Davidson said on Tuesday it planned to tighten its inventory and shift focus to more affordable motorbikes to offset the cost of tariffs amid slowing demand. Harley, which continued to withhold its annual forecast due to tariff uncertainties, has traditionally leaned on its affluent customer base to drive sales of higher-margin …

Harley plans to drive profitability with affordable models, lean inventory Read More »

By Stephanie Kelly, Marwa Rashad, Curtis Williams and Francesca Landini LONDON (Reuters) -Oil major BP won its $1 billion-plus arbitration case against liquefied natural gas producer Venture Global with an argument of unfair behaviour by the U.S. company, said five sources close to the matter, shedding light on strategy that could be used by claimants …

Exclusive-How BP won its $1 billion-plus case against Venture Global Read More »