Reuters UK Business

By Alistair Smout and Sarah Young LONDON (Reuters) -British finance minister Rachel Reeves paved the way for broad tax rises to avoid a return to “austerity” on Tuesday, framing her second annual budget as one of “hard choices” to protect public spending while reducing Britain’s debt. Just three weeks before delivering the budget, Reeves set …

UK’s Reeves paves way for tax rises in her next budget Read More »

(Reuters) -SSAB aims to boost its core earnings over the next five years and beyond through strategic investments and by increasing the share of premium steels in its product mix, the Swedish group said ahead of its investor day on Tuesday. The company, whose specialized high-strength steels are used in cars and heavy machinery, expects …

SSAB targets profit growth driven by premium steels, investments through 2030 Read More »

(Refiles NOV 3 story to add attribution to headline, no change to story text) By Pratima Desai LONDON (Reuters) -Glencore is planning to close its Horne smelter, Canada’s largest copper metal-producing operation, due to environmental issues and the millions of dollars needed to upgrade the facility, two sources with knowledge of the matter said. The …

Glencore plans to shut Canada’s largest copper metal operation over costs, sources say Read More »

By Jesús Aguado MADRID (Reuters) -Santander’s executive chair Ana Botin warned on Tuesday against overregulation of Europe’s banking sector, saying it would hurt economic growth, and urged European governments to allow companies to invest and be more innovative. Governments in Europe are debating whether to follow the Trump administration’s efforts to roll back rules put …

Santander’s Botin warns against overregulation, calls for EU policies to spur innovation Read More »

By Tim Hepher PARIS (Reuters) -Airbus delivered 585 airplanes in the first 10 months of the year, industry sources said, leaving a record 235 left to deliver to reach a target of around 820 for the full year. The cumulative deliveries include 78 jets handed over to airlines in October, they added. Airbus declined to …

Airbus needs 235 deliveries to reach year-end goal, sources say Read More »

By Linda Pasquini (Reuters) -German fashion group Hugo Boss on Tuesday reported quarterly sales below expectations, citing softer demand in Britain and China and a weaker dollar. The group’s sales fell 4% to 989 million euros ($1.15 billion) in the third quarter, hit by a weaker U.S. dollar. That was below analysts’ forecast of 1.01 …

Hugo Boss misses quarterly sales forecast, sees soft China, UK demand Read More »

(Corrects paragraph 3 to say Stellantis, not Renault is asking for a 10-year delay) PARIS (Reuters) -Renault boss Francois Provost said on Tuesday no carmaker in Europe can meet emission targets on vans or cars by 2030, calling for flexibility on the European Union’s CO2 targets. Speaking at an event organised by French car body …

Renault CEO calls for flexibility on EU CO2 targets Read More »

By Maria Rugamer, Patricia Weiss and Bartosz Dabrowski (Reuters) -Fresenius Medical Care posted a stronger-than-expected quarterly operating income on Tuesday, helped by cost savings and portfolio measures, but kept its outlook unchanged amid lingering effects from elevated flu mortality among patients. The dialysis specialist, which makes a bulk of its revenue in the United States, reported …

Dialysis firm FMC delivers profit beat on cost cuts, even as flu mortality effects linger Read More »