Reuters UK Business

Stellantis charges slam shares as Jeep maker talks up turnaround

30 Oct 2025

By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Stellantis shares slid as much as 11% on Thursday as the maker of Fiat, Peugeot and Jeep flagged one-off charges related to changes in regulation, strategy and products, adding to underlying investor concerns over a sector chip shortage. The Franco-Italian group reported a 13% rise in third-quarter revenue, …

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TotalEnergies results dip, but CEO bullish on oil price and refining margins

30 Oct 2025

By America Hernandez PARIS -TotalEnergies reported a 2.4% drop in third-quarter earnings on Thursday, meeting expectations as the French oil major raised upstream production and achieved improved crude refining margins to help offset lower oil prices.  Adjusted net income slipped to $4.0 billion from $4.1 billion a year earlier, in line with an analysts’ consensus compiled …

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Mercuria ships LME aluminium from Malaysia to New Orleans

30 Oct 2025

By Pratima Desai LONDON (Reuters) -Mercuria is shipping more than 30,000 metric tons of aluminium from Port Klang in Malaysia to New Orleans, three sources familiar with the matter said, adding that the commodity trader probably needed the metal for its U.S. customers. The metal is coming from London Metal Exchange approved warehouses in Port …

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Truckmakers ask EU for looser emissions targets, letter shows

30 Oct 2025

By Kate Abnett and Marie Mannes BRUSSELS/STOCKHOLM (Reuters) -European truck manufacturers including Traton’s Scania, Volvo and Daimler Truck have urged the European Union to soften its CO2 emissions rules for the sector, a letter seen by Reuters showed. The industry is under pressure to cut its planet-warming emissions. But electric trucks still make up a …

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AI boom drives trillion-dollar tech valuations and record bets on chipmakers

30 Oct 2025

(Reuters) -Top technology companies hit fresh valuation milestones in October, as their shares climbed on expectations of robust demand for AI chips and computing infrastructure driven by the artificial intelligence boom. Nvidia’s shares jumped nearly 11% over the past month, adding about $500 billion in market value as it became the first company to reach …

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UK watchdog settles antitrust probe with housebuilders

30 Oct 2025

(Reuters) -Britain’s competition watchdog on Thursday said it had accepted binding commitments from seven housebuilders, including Barratt Redrow, Persimmon and Taylor Wimpey to settle an investigation into potential anticompetitive behavior. The housebuilders – along with Bellway, Berkeley Group, Bloor Homes and Vistry – had committed to a combined 100-million-pound ($134.21 million) payment to affordable housing programs …

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Kellanova beats quarterly estimates on resilient demand for breakfast items

30 Oct 2025

(Reuters) -Kellanova beat Wall Street estimates for third-quarter sales and profit on Thursday, driven by resilient demand for its ready-to-eat breakfast items and snacks, including Pringles and Pop-Tarts, even as macroeconomic uncertainty looms. WHY IS IT IMPORTANT Kellanova has capitalized on the strength of its brands to steadily raise prices, especially in international markets, helping …

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Booze makers cut costs to brew profits and defy alcohol sector gloom

30 Oct 2025

By Emma Rumney, Jacob Gronholt-Pedersen and Dominique Vidalon LONDON/COPENHAGEN/PARIS (Reuters) -Big beer and spirits makers are cutting costs to help burnish margins in a tough consumer market, with Stella Artois owner Anheuser-Busch InBev, Carlsberg, and Aperol-maker Campari all reporting higher profits. AB InBev, the world’s top brewer behind Budweiser and Corona, said on Thursday cost-cutting …

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