Reuters UK Business

UK’s Next lifts profit outlook again after quarterly sales beat expectations

29 Oct 2025

By James Davey LONDON (Reuters) -British fashion retailer Next notched up its full-year profit guidance for the fourth time in eight months as it reported a stronger-than-expected 10.5% rise in full-price sales for its third quarter to October 25. Shares in the FTSE 100 company were up 5% on Wednesday, extending gains this year to …

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Chip shortage intensifies in German industry, says Ifo

29 Oct 2025

BERLIN (Reuters) -Shortages of materials for German manufacturers of electronic and optical products became more acute in October, driven by a tightening of global controls on rare earth components, the Ifo economic institute said on Wednesday. Rare earths, essential for producing semiconductors, sensors and other advanced components, have become increasingly subject to trade restrictions, particularly …

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Dental implants maker Straumann’s organic sales rises in third quarter

29 Oct 2025

By Cian Muenster and Bartosz Dabrowski (Reuters) -Swiss dental implant maker Straumann reported an 8.3% rise in third-quarter organic sales on Wednesday, slightly above market expectations, as growth in most Asia-Pacific markets and North America outweighed muted demand in China. Revenue climbed to 602.2 million Swiss francs ($759.3 million) in the July-September period, compared with …

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Aston Martin cuts development spend as tariffs, weak China hit earnings

29 Oct 2025

By Raechel Thankam Job (Reuters) -Aston Martin will cut its spending on developing new cars by 300 million pounds ($402 million) after uncertainty from U.S. tariffs and “extremely subdued” Chinese demand led to another wider-than-expected quarterly loss on Wednesday. Only weeks after warning of a deepening annual loss, the British luxury carmaker said it is …

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Phoenix Group explores partnership to expand UK pension-risk business

29 Oct 2025

(Reuters) -British insurer Phoenix Group said on Wednesday that it is in talks for a potential third-party partnership to scale up its pension-risk transfer (PRT) operations, as it seeks to capitalise on growing demand in the sector. The PRT business takes on pension liabilities from companies looking to offload their retirement schemes. It has become …

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Equinor profit lags forecast, lowers oil price outlook

29 Oct 2025

By Nerijus Adomaitis and Nora Buli OSLO (Reuters) -Equinor posted a bigger than expected drop in third-quarter profit on Wednesday as oil and gas prices fell, and booked asset impairments on a weaker long-term outlook for crude prices. The Norwegian energy group’s adjusted earnings before tax for July-September fell 9.9% to $6.21 billion from $6.89 …

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Glencore reports lower copper production in first nine months

29 Oct 2025

LONDON (Reuters) -Glencore (GLEN.L) on Wednesday reported a 17% decline in copper production for the first nine months of the year and tightened its 2025 guidance due to lower ore grades at some of its mines, although third-quarter output rose. The miner and trader’s own-sourced copper production in the January to September period fell 17% …

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Deutsche Bank posts surprise rise in quarterly profit

29 Oct 2025

By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Deutsche Bank on Wednesday posted a 7% increase in third-quarter profit, defying expectations for a drop after its global investment banking division generated a chunky increase in revenue. The investment bank was again Deutsche’s biggest driver of income, lifted in the quarter by bond trading and debt …

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Lufthansa looks to shed reputation as Europe’s airline laggard

29 Oct 2025

By Ilona Wissenbach and Joanna Plucinska FRANKFURT/LONDON (Reuters) -Lufthansa’s CEO last year described the German airline group’s flagship carrier as a “problem child”. Now, despite a turnaround plan, that label is proving hard to remove. Although Carsten Spohr is trying to change things with cost-cutting, centralising operations and streamlining a complex fleet, the group, which …

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