Reuters UK Business

By Yadarisa Shabong (Reuters) -Aston Martin’s annual losses more than halved in 2023, coming in smaller than market expectations, after selling prices reached record levels as the British luxury carmaker delivered its Valkyrie models and other special edition cars. Shares in the London-listed company opened higher on Wednesday, but reversed gains to fall about 2.8% …

Aston Martin annual losses narrow as prices hit record levels Read More »

MOSCOW (Reuters) – Russia’s largest lender Sberbank reported a record annual profit of 1.5 trillion roubles ($16.3 billion) for 2023, a more than five-fold increase on the previous year as Russia’s banking sector recovered from the impact of financial sanctions. Last year, Russian banks collectively made record profits of 3.3 trillion roubles, driven by sharp …

Russia’s Sberbank reports record annual profit of $16 billion Read More »

By Suban Abdulla and Aby Jose Koilparambil (Reuters) -Taylor Wimpey said it will build fewer homes this year, only days after Britain’s competition watchdog concluded that the sector limited supply to maintain its prices. The British housebuilder said its first-half operating profit margin would reflect slightly lower pricing in the homes it has coming through, …

Britain’s Taylor Wimpey to build fewer houses this year Read More »

MOSCOW (Reuters) – Russia’s sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles ($925.2 million) on revenue of 322.6 billion roubles. ($1 = 92.0625 roubles) (Reporting by Reuters)

PARIS(Reuters) -French retailer Casino’s full-year losses deepened sharply as it felt the impact of restructuring and stiff competition for its large hypermarkets, the company said on Wednesday, sending its shares plunging by as much as 15%. Casino suffered a consolidated net loss of 5.7 billion euros ($6.2 billion) last year, widening from 316 million euros …

French retailer Casino’s losses widen to 5.7 billion euros Read More »

By Sarah Young LONDON (Reuters) -Britain’s Halfords Group cut its annual profit forecast on Wednesday, and warned there could be no profit growth next year as a result of weakening demand for bicycles, car products and tyres, sending its shares plunging. The company said it was seeing “very challenging and exceptional short-term market conditions”, and …

UK retailer Halfords stocks plunge after profit warning Read More »

(Reuters) – Aston Martin on Wednesday pushed back plans to launch the British luxury carmaker’s first battery electric vehicle by a year. The London-listed company said it now expects to launch the battery electric car in 2026, from earlier plans to launch next year. Last June, the British firm signed a supply agreement with Saudi …

Aston Martin delays launch of its first battery EV by a year Read More »

(Reuters) -Just Eat Takeaway forecast a nearly 40% jump in 2024 core earnings on Wednesday, banking on strong growth in its key British and Irish markets that is being driven by simpler and more efficient delivery operations and higher food prices. The company’s shares rose briefly in early trading before falling more than 4%, with …

Just Eat Takeaway expects nearly 40% jump in 2024 core profit Read More »