Reuters UK Business

By Elviira Luoma (Reuters) -Norwegian telecom operator Telenor posted quarterly core earnings below market expectations on Wednesday and flagged a negative adjustment of 500 million Norwegian crowns ($49.8 million) related to rising 5G costs in Malaysia. Overall, third-quarter results were in line or a touch lower than analysts’ consensus, with stronger growth in Telenor’s core …

Telenor slightly lags earnings forecast, takes $50 million hit in Malaysia Read More »

By Ariane Luthi ZURICH (Reuters) -UBS reported a surge in third-quarter profit on Wednesday, but investors’ focus quickly turned to billions of liabilities Switzerland’s top bank could face from the disputed write-down of bonds during its takeover of rival Credit Suisse. UBS said it intended to appeal a Swiss court decision, already challenged by national …

Bond write-down concerns take shine off UBS profit beat Read More »

(Reuters) -Santander UK criticised Britain’s motor finance redress scheme and said on Wednesday it decided not to publish its third-quarter results as it seeks clarity on the financial regulator’s proposals related to the mis-selling scandal. The UK unit of Spain’s Santander said that it did not expect a material impact on its capital or liquidity …

Santander UK criticises motor finance scheme as it withholds third-quarter results Read More »

(Reuters) -Adidas expects U.S. import tariffs to have a direct impact of 120 million euros ($140 million) on its operating profit in 2025, with the largest hit coming in the fourth quarter, its CEO said on Wednesday. “The indirect impact of the tariffs, we don’t know. We do not know how the consumer will react …

Adidas sees $140 million hit on operating profit from US tariffs Read More »

LONDON (Reuters) -London Stock Exchange Group said on Wednesday it was expanding its partnership with BlackRock to give its clients more private markets’ data.    Under the agreement, LSEG customers will get access to Preqin data feeds. BlackRock bought private markets data company Preqin last year.     LSEG CEO David Schwimmer has played down the threat of …

LSEG expands BlackRock partnership for private markets data Read More »