Reuters UK Business

BERLIN (Reuters) -German state-owned utility Uniper expects an 80% drop in nine-month adjusted net profit, it said on Friday, citing reduced hedging gains and the loss of Russian gas supplies. Nine-month adjusted net profit is seen at 268 million euros ($312 million), down from 1.3 billion in the same period last year, the company, which …

Uniper nine-month profit plunges on hedging decline, Russian gas loss Read More »

(Reuters) -Australia’s Federal Court imposed a A$20 million ($13 million) penalty on a Westpac unit over widespread financial misconduct in arranging home loans, including using falsified payslips, the country’s corporate regulator said on Friday. Australia’s credit sector has been under intense scrutiny since a 2019 Royal Commission report revealed widespread governance issues and misconduct in …

Australia’s Westpac unit fined $13 million for home loans misconduct Read More »

PRAGUE (Reuters) -Czech populist party ANO, on track to form the next government after winning an election this month, said on Friday it could keep the outgoing cabinet’s proposed 2026 deficit target in order to pass a budget before year-end. The outgoing centre-right government of Prime Minister Petr Fiala has brought public finances back within …

Czech 2026 deficit target can stay unchanged to pass budget quickly, poll winner says Read More »

By Samuel Indyk LONDON (Reuters) -The British pound was steady on Friday but still headed for a weekly loss against the dollar and the euro as softer-than-forecast inflation data offset Friday’s upbeat retail sales, consumer confidence and business activity figures.  While another rate cut from the Bank of England in 2025 is not a foregone …

Sterling steady after upbeat data, still set for weekly loss Read More »

MOSCOW (Reuters) -Russia is analysing the latest Western sanctions, and will act according to its interests, Kremlin spokesman Dmitry Peskov said on Friday. “At the moment, we are analysing the sanctions that have been defined and announced, and, of course, we will do what best suits our interests,” Peskov told reporters. “That’s the main thing …

Kremlin says Russia is analysing latest sanctions, will act in its own interests Read More »

(Reuters) -Pension talks for Lufthansa pilots have so far failed to produce results and the union’s collective bargaining commission will consider further steps next week, the pilot union Vereinigung Cockpit said in a statement on Friday. (Writing by Matthias WilliamsEditing by Ludwig Burger)

By John Revill ZURICH (Reuters) -The Swiss National Bank has sold its stake in Anglo-Australian miner Rio Tinto, adding to a series of recent divestments from companies in extractive industries, LSEG data shows. Unsere (Our) SNB, a collection of environmental groups which includes 200 SNB shareholders, said the Rio Tinto divestment was the SNB’s entire …

SNB sells Rio Tinto stake in new divestment from extractive industries Read More »