Reuters UK Business

By Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s second-quarter profit beat expectations on Tuesday, driven by a surge in investment banking and trading revenues that overcame muted results in wealth management. The bank joined other Wall Street lenders, including Bank of America and JPMorgan in reporting higher investment banking revenue, fueled by growing confidence …

Morgan Stanley profit surges on investment banking, trading, while wealth lags Read More »

By Yadarisa Shabong (Reuters) -British discount retailer B&M reported on Tuesday lower like-for-like revenue in its UK business in the first quarter of fiscal 2025, saying wet weather curbed demand for seasonal items such as its garden products. CEO Alex Russo, however, told analysts B&M had been “conservative” in its gardening inventory purchase in the …

Discounter B&M blames wet weather for drop in like-for-like UK sales Read More »

FRANKFURT (Reuters) -Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic about the economy and interest rates fall, a European Central Bank survey showed on Tuesday. The ECB began cutting interest rates in June but borrowing costs on financial markets started falling …

Euro zone households seek loans again after two years – ECB Read More »

(Reuters) – Medical device maker Masimo Corp on Tuesday said it has started litigation against Politan Capital in a California federal court, seeking to force the activist investor to correct “material misstatements and omissions” in its proxy materials. Masimo is locked in a proxy contest with Politan, which has long criticized the California-based company’s board …

Masimo initiates legal action against activist investor Politan Read More »

By Maria Martinez BERLIN (Reuters) -German investor morale worsened more than expected in July, falling for the first time in a year and showing that recovery in the euro zone’s largest economy will be bumpy. The economic sentiment index fell to 41.8 points from 47.5 points in June, the ZEW economic research institute said on …

German investor morale falls in July, ZEW says Read More »

By America Hernandez PARIS – French oil major TotalEnergies and UK power firm SSE are seeking to grab a 20% share of the electric vehicle (EV) fast-charging market in Britain and Ireland by launching a joint venture named Source, the companies said on Tuesday. Source, a 50/50 partnership, will deploy and operate up to 3,000 …

TotalEnergies, SSE to launch EV charging company in UK and Ireland Read More »

By Amanda Cooper LONDON (Reuters) -Expectations U.S. interest rates will fall, preventing a hard landing for the economy, has kept investors bullish, although geopolitics pose the biggest risk to that scenario, the Bank of America’s global fund manager survey showed on Tuesday. The survey polled 242 managers with $632 billion in assets under management in …

Investors are optimistic but wary of geopolitics, BofA says Read More »