Reuters UK Business

By Giulio Piovaccari MILAN (Reuters) -Italian truck and bus maker Iveco Group on Wednesday raised its 2023 guidance for the third time this year but said it burnt cash in the third quarter despite a strong operating-profit result, hitting its shares. The manufacturer said its adjusted earnings before interest and tax (EBIT) from industrial activities …

Italy’s Iveco Group raises 2023 forecasts but burns cash in Q3 Read More »

(Reuters) – European shares rose to a near two-week high on Wednesday, boosted by healthcare stocks, with investors gearing up for the U.S. Federal Reserve’s to hold interest rates, as is widely expected, later in the day. The pan-European STOXX 600 was up 0.1% by 0825 GMT, set for its third straight day of gains. …

European shares hit two-week high on healthcare boost; Fed rate verdict eyed Read More »

By James Davey LONDON (Reuters) – British clothing retailer Next on Wednesday raised its full-year profit outlook for the fourth time in six months as it reported better-than-expected sales in a third quarter heavily impacted by variable weather. The group, which trades from about 460 stores in the UK and Ireland and has an online …

UK clothing retailer Next raises profit outlook again Read More »

By Sarah Young LONDON (Reuters) -British online fashion retailer ASOS warned sales would fall again in 2024, hitting its shares, although the company said its turnaround plan was starting to take shape and growth would return the following year. ASOS said sales would fall between 5% and 15% for the current 2024 financial year, missing …

ASOS fashion retailer falls after warning on 2024 sales Read More »

(Reuters) -British luxury carmaker Aston Martin posted a bigger than expected quarterly loss on Wednesday and lowered its 2023 volume outlook due to production issues for its new DB12 sports car. Shares in the Gaydon-based company were down more than 7% in early trading. Aston Martin started delivery of its first next-generation sports car, DB12, …

Aston Martin cuts volume target as new sports car hits production snag Read More »

By Eva Mathews (Reuters) – GSK on Wednesday raised its full-year profit and sales forecasts for a second time, after better-than-expected quarterly sales of its newly-launched respiratory syncytial virus (RSV) vaccine. The London-listed drugmaker’s shares rose around 3% in early trade. GSK is betting on RSV vaccine Arexvy to be its next blockbuster medicine as …

GSK lifts annual forecasts on strong launch of RSV vaccine Read More »

LONDON (Reuters) – The number of companies in England and Wales declared insolvent during the three months to the end of September remained close to levels seen after the 2008 financial crisis and was down only slightly from the previous quarter’s 14-year high. The Insolvency Service, a government agency, said the number of insolvencies fell …

England and Wales insolvencies hold near 14-year high Read More »

By Dan Levine and Hyunjoo Jin (Reuters) – Tesla on Tuesday won the first U.S. trial over allegations that its Autopilot driver assistant feature led to a death, a major victory for the automaker as it faces several other lawsuits and federal investigations related to the same technology. The verdict represents Tesla’s second big win …

Tesla wins first US Autopilot trial involving fatal crash Read More »

By Sergio Goncalves LISBON (Reuters) – Portugal’s parliament on Tuesday approved on the first reading the majority Socialist government’s 2024 budget bill, projecting a surplus for the second year in a row and further debt reduction, despite further economic slowdown. Only the 120 Socialist lawmakers backed the bill in the 230-seat house. Except for two …

Portugal’s parliament approves 2024 budget bill on first reading Read More »