Reuters UK Business Archives - Page 214 of 3179

Goldman-backed T. Rowe’s profit jumps as rallying markets boost fees

31 Oct 2025 31 Oct 2025

(Reuters) -Asset manager T. Rowe Price’s third-quarter profit rose on Friday, as soaring markets boosted its assets under management and the corresponding fees, cushioning a hit from outflows. Shares of the company rose 2.2% in premarket trading. Major indices and asset classes extended their rallies through the quarter, hitting consecutive record highs as AI vigor …

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Audi cuts 2025 outlook again as tariffs, EV shift dent margins

31 Oct 2025 31 Oct 2025

By Amir Orusov (Reuters) -Volkswagen’s premium brand Audi cut its 2025 profitability guidance on Friday for a second time, as it grapples with U.S. import tariffs and a costly transition to electric vehicles weighing on its margins. Audi now expects an operating margin of between 4% and 6%, compared with its earlier range of 5% …

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AI turned Google Cloud from also-ran into Alphabet’s growth driver

31 Oct 2025 31 Oct 2025

By Kenrick Cai NEW YORK, NY (Reuters) -Once a money-losing backwater, Google Cloud has become one of Alphabet’s fastest-growing businesses, powered by massive bets on AI and years of costly investment in datacenters, custom chips, and networking gear. Alphabet’s cloud revenue topped $15 billion in the third quarter, a 34% increase reflecting strong demand for …

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Barclays, BofA sees no further ECB easing in 2025

31 Oct 2025 31 Oct 2025

(Reuters) -Barclays and BofA Global Research have revised their forecast and no longer expect the European Central Bank to cut interest rates in its December meeting, after the ECB kept rates unchanged on Thursday. The ECB kept interest rates steady at 2% for the third meeting in a row and said that policy was in …

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Insurance broker Aon profit beats estimates on strong demand for risk management

31 Oct 2025 31 Oct 2025

(Reuters) -Insurance brokerage firm Aon beat Wall Street estimates for third-quarter profit on Friday, amid robust demand for its risk-management solutions. WHY IT’S IMPORTANT Despite mounting concerns over the macroeconomic uncertainty, spending on insurance has remained resilient. Businesses and individuals are prioritizing risk-management products, fueling revenue for Aon and peers, as they work with several …

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Erste Group lifts targets after profit beat, shares hit record high

31 Oct 2025 31 Oct 2025

By Mateusz Rabiega (Reuters) -Erste Group Bank on Friday raised its annual targets after its third-quarter results beat expectations, supported by loan growth and lower customer deposit costs, sending its shares to a record high. The Vienna-based bank’s quarterly net profit climbed to 901 million euros ($1.05 billion), exceeding a median forecast of 836 million …

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Acerinox reports quarterly earnings miss, warns of short-term uncertainty

31 Oct 2025 31 Oct 2025

By Javi West Larrañaga (Reuters) -Spanish steelmaker Acerinox reported weaker than expected third-quarter earnings on Friday and flagged an uncertain short-term future amid low demand for stainless steel in the U.S. and Europe. The company pointed to a slower-than-expected recovery in demand and said it expects its sales in the U.S. to “undoubtedly” fall in …

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Euro zone inflation eases a touch in October but core steady

31 Oct 2025 31 Oct 2025

FRANKFURT (Reuters) -Euro zone inflation slowed a touch in October and continued to hover near the European Central Bank’s 2% target, confirming the bank’s message that the economy remains on the relatively benign path it projected earlier. Inflation in the 20 nations sharing the euro currency slowed to 2.1% from 2.2% in September, in line …

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Analysis-Pfizer could hold a Trump card in its bid for Metsera

31 Oct 2025 31 Oct 2025

By Michael Erman and Sabrina Valle (Reuters) -U.S. drugmaker Pfizer could work its connections within President Donald Trump’s administration to try to thwart Novo Nordisk’s surprise rival bid to acquire U.S. obesity biotech firm Metsera, analysts, investors and lawyers said on Thursday. Danish obesity and diabetes drug giant Novo said on Thursday it had bested …

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Record gold profit adds shine to Swiss National Bank’s results

31 Oct 2025 31 Oct 2025

By John Revill ZURICH (Reuters) -The Swiss National Bank reported on Friday a third-quarter profit of 27.93 billion Swiss francs ($35 billion), helped by the booming value of its gold reserves. The central bank posted a valuation gain of 14.33 billion francs on its gold holdings between June and September, up from the 4.41 billion …

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