Reuters UK Business

(Reuters) – Airport operator Aena said on Thursday it expects more than 300 million passengers through its terminals in Spain during 2025, a year earlier than it had forecast in 2022. Traffic at Spain’s airports, which are all operated by Aena, rose 16% to a record 283.2 million passengers last year, 3% more than in …

Aena expects 300 million passengers through Spanish airports in 2025 Read More »

By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) -Novo Nordisk, its fortunes soaring on sales of its obesity drug Wegovy, said on Thursday it was expanding its focus on diabetes and weight-loss therapies to include cardiovascular disease treatments. CEO Lars Fruergaard Jorgensen, speaking as the Danish company hosts investors and analysts at its headquarters near …

Novo Nordisk expands focus to cardiovascular disease as fortunes soar on Wegovy Read More »

By Shubham Batra (Reuters) -European shares were subdued on Thursday amid investor caution ahead of the European Central Bank’s interest rate decision, while British lender Virgin Money soared on a potential buyout offer. The pan-European STOXX 600 was flat and off its record highs hit in previous session, with more than half of the sectors …

European shares flat ahead of ECB rate decision; Virgin Money posts record gain Read More »

LONDON (Reuters) -British retailer Marks & Spencer’s said on Thursday co-chief executive Katie Bickerstaffe would leave the group this year to pursue a portfolio career on other company boards. Bickerstaffe has held the position since 2022, reporting into CEO Stuart Machin and playing a key role in the clothing and food group’s recent revival. She …

Britain’s M&S co-CEO Bickerstaffe to leave this year Read More »

By Maria Martinez BERLIN (Reuters) – The German economy is not picking up as quickly as expected, the economic institute DIW Berlin said on Thursday, forecasting a recession at the start of the year. Gross domestic product is expected to contract by 0.1% in the first quarter, according to DIW, after the economy shrank by …

Recovery of the German economy remains a test of patience – DIW Read More »

By Marie Mannes STOCKHOLM (Reuters) -High costs such as jet fuel remain a headwind for Scandinavian airline SAS, even as it sees leisure travel staying buoyant in 2024, its CEO told Reuters on Thursday, echoing the mixed picture painted by others in the sector. Anko van der Werff made the comments after SAS, which is …

Nordic airline SAS sees strong leisure travel, but cost headwinds Read More »

By Carolyn Cohn LONDON (Reuters) -Aviva announced a 300 million pound ($382 million) share buyback on Thursday after strong performance in general and health insurance helped the British insurer to a 9% rise in 2023 operating profit, sending its shares higher. Operating profit came in at 1.47 billion pounds, slightly above analysts’ forecasts of 1.43 …

Aviva announces $380 million buyback after 9% profit rise Read More »

By Joanna Plucinska and Ilona Wissenbach LONDON/FRANKFURT (Reuters) -Lufthansa warned on Thursday its operating losses in the first quarter will widen and gave a subdued outlook for 2024 as the German airline struggles with costly labour disputes, offsetting the travel boom. The airline said operating results this year would be on par with 2023, but …

Lufthansa gives subdued 2024 outlook as labour disputes weigh Read More »

By Sinead Cruise and Yadarisa Shabong LONDON (Reuters) – Nationwide Building Society has agreed to buy Virgin Money UK in a potential 2.9 billion-pound ($3.69 billion) all-cash deal that would create Britain’s second-largest savings and mortgage provider. The total value of 220 pence per Virgin Money share represents a premium of 38% as of March …

Nationwide offers to buy Virgin Money UK in 2.9 billion pound deal Read More »