Reuters UK Business

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers do not expect to change their message on the need for high interest rates before their March meeting, making any rate cut before June difficult, seven people familiar with the matter told Reuters. The ECB left borrowing costs at record highs on …

Exclusive-ECB governors see no dovish pivot before March, cut before June – sources Read More »

By Gabriel Araujo BARUERI, Brazil (Reuters) -Brazilian airline Azul said on Friday it had bought seven Airbus A330neo wide-body aircraft to significantly expand international flights, with deliveries scheduled to start in 2026. Azul, which currently flies to Paris, Lisbon, Curacao, a number of Uruguayan cities and Fort Lauderdale and Orlando, Florida, said the fleet renewal …

Brazil’s Azul buys Airbus A330neos to expand overseas flights Read More »

By Elisa Anzolin and Valentina Za MILAN (Reuters) -Campari shares fell as much as 6% early Friday on news it will spend $1.2 billion to buy French cognac brand Courvoisier – the Italian spirits group’s biggest deal yet, but one that will hurt its profit margin in the short term. Campari has a track record …

Courvoisier deal leaves bitter taste as Campari shares slip Read More »

LONDON (Reuters) – The downturn in euro zone business activity surprisingly deepened in December, according to a closely watched survey which indicated the bloc’s economy is almost certainly in recession. Last quarter the euro zone economy contracted 0.1%, official data has shown, and December’s Purchasing Managers’ Index (PMI) – seen as a good gauge of …

Euro zone business activity declines further in Dec -PMI Read More »

LONDON (Reuters) – Britain could look at further measures to protect young teenagers from the risks of social media in the new year following the introduction of new online safety laws focused on children and the removal of illegal content, a minister said. The Online Safety Act, which became law in October, requires platforms like …

Britain weighs new consultation on social media impact on teens Read More »

By Helen Reid and Anna Ringstrom STOCKHOLM (Reuters) -H&M’s local-currency sales fell in the fourth quarter as the Swedish fashion retailer loses ground against Zara owner Inditex, which reported a sales boost earlier this week. H&M’s sales fell 4%, against analysts’ expectations for a 3% decline. It was the biggest drop since the third quarter …

H&M’s Q4 sales slow more than expected Read More »

By Nell Mackenzie LONDON (Reuters) – The best performing hedge funds are falling victim to their own success as institutional investors such as pension funds and university endowments cut back their most profitable positions to make up for pain elsewhere. Investors yanked $38 billion from top performing hedge funds in the 12 months to end-October, …

Hedge funds fall victim to success in dash for cash Read More »

PARIS (Reuters) – The European Central Bank’s next move should be a lowering of interest rates from record highs but first the ECB should “enjoy the view” for a while, French central bank chief Francois Villeroy de Galhau said on Friday, implying a rate cut was not imminent. “The next move should, barring surprises, be …

Villeroy: Next ECB move should be a cut, but first ‘enjoy’ the plateau Read More »