Reuters UK Business

By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) -Pernod Ricard missed third-quarter sales forecasts on Thursday as its big U.S. and Chinese businesses remained under heavy pressure, and the spirits group will need an uptick in demand over the next few months to meet its full-year target. Consumers have been cutting back on expensive spirits …

Pernod Ricard banks on ‘dynamic’ 4th quarter as US, China drag on sales Read More »

By Prerna Bedi (Reuters) -Shares of WH Smith fell as much as 10.8% on Thursday, after the British airport retailer flagged lower growth at start of the second-half after a strong travel boom last year. CEO Carl Cowling, however, remained optimistic about a strong summer season buoyed by a robust demand for its meal deals …

WH Smith shares fall on lower growth after travel boom Read More »

By Johann M Cherian (Reuters) -European stocks edged lower on Thursday as traders gauged mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain’s FTSE 100 to fresh peaks. The pan-European STOXX 600 index was down 0.1%, as of 0857 GMT, dented by losses …

European stocks slip as mixed earnings offset M&A cheer Read More »

By John Revill ZURICH (Reuters) -Holcim expects strong demand in North America to continue this year, the building materials and cement maker said on Thursday, after beating first-quarter profit forecasts. “In North America we had a few less invoicing days and we had some strong winter effects, so nothing to worry about,” CEO Jan Jenisch …

Holcim positive on U.S. demand after Q1 profit beat Read More »

(Reuters) – British multinational miner Anglo American on Thursday said it had received an all-share takeover proposal from the world’s largest listed miner, BHP Group. The deal, if agreed, would give BHP access to more copper, one of the most sought after metals for the clean energy transition, and potash, which are its key strategic …

Factbox-Anglo American, BHP mining operations around the world Read More »

By Paul Sandle LONDON (Reuters) -Britain’s WPP became a clear laggard among global ad companies with a drop in organic revenue drop in the first quarter, hurt by less spending from tech clients, a downturn in China and the loss of business from Pfizer. Chief Executive Mark Read said the 1.6% decline was in line …

Ad group WPP trails rivals with decline in organic revenue Read More »

MELBOURNE (Reuters) – London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would make the world’s biggest listed miner also the largest producer of copper globally. The deal, if agreed, would also trigger further transactions in the global mining industry, which has seen a …

BHP to reshape copper market with Anglo bid Read More »

By Melanie Burton, Scott Murdoch and Anousha Sakoui MELBOURNE/LONDON (Reuters) -BHP Group said on Thursday it had made a $38.8 billion bid for Anglo American, proposing a deal that would create the world’s biggest copper miner and sending its smaller rival’s shares sharply higher. BHP said it will offer Anglo’s shareholders 25.08 pounds per share, …

BHP makes $39 billion bid for Anglo American in mining shake-up Read More »

By Siyi Liu and Mai Nguyen BEIJING/HANOI (Reuters) – BHP Group’s proposed $39 billion buyout of Anglo American is a big bet on copper that could spark a scramble for mining assets as a bullish demand outlook and tight supply for a mineral crucial to the energy transition sends prices to multi-year highs. Combined, the …

Analysis-BHP’s proposed bid for Anglo American is a big bet on copper Read More »

By Louise Rasmussen COPENHAGEN (Reuters) -Budget carrier Norwegian Air reported a wider-than-expected operating loss in the first quarter on Thursday, partly due to a weak Norwegian krone, sending its shares lower, but repeated its 2024 guidance on the back of strong summer demand. The carrier once flew transatlantic but straining under heavy debts and hit …

Norwegian Air shares fall after bigger-than-expected Q1 loss Read More »