Reuters UK Business

By Suban Abdulla LONDON (Reuters) -Britain’s largest housebuilder Barratt Developments said on Wednesday an improving rate of sales would help it to meet annual profit forecasts and, like rivals, retain its target for new build completions this year. Britain’s housing market has shown signs of recovery in recent weeks, helped by an easing in fixed …

Barratt on track for full-year profits, sees early signs of recovery Read More »

By Helen Coster and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp on Tuesday reported higher-than-expected sales and operating profit in the first quarter, helped by divestitures and high customer retention rates, as it plans a deeper investment in artificial intelligence. The news and information company reported adjusted earnings of 82 cents per share, beating analyst …

Thomson Reuters profit tops estimates as it plans AI push Read More »

By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders. CEO Debra Perelman said in a statement that Revlon is stronger after bankruptcy and well positioned for long-term growth. “We look …

Revlon emerges from bankruptcy after lender takeover Read More »

By Hardik Vyas and Sheila Dang (Reuters) – Twitter’s attempt to implement a paid account verification service has attracted imposters spreading misinformation, which experts said could lead major brands to further pull back from the social media platform owned by billionaire Elon Musk. On April 20, Twitter moved to boost profits by removing the once-coveted …

Analysis-Companies wary as Twitter checkmark policy fuels imposter accounts Read More »

By Gertrude Chavez-Dreyfuss and John McCrank NEW YORK (Reuters) – A decade after a manipulation scandal turned global regulators and investors against the London Interbank Offered Rate (LIBOR) as the global interest rate benchmark, major clearing houses are in the final weeks of the nearly $50 trillion transition of the U.S. rate swaps market to …

LIBOR successor in home stretch for transition in giant US swaps market Read More »

MILAN (Reuters) – Italian drinks group Campari on Tuesday posted a 19.6% rise in like-for-like sales in the first quarter, thanks to the price increases put in place last year as well as some temporary effects such as an early Easter calendar. The maker of Aperol and Campari bitters said in a statement that January-to-March …

Campari posts 20% organic rise in Q1 sales as pricing gives boost Read More »

LONDON (Reuters) – BP expects to pay $1 billion under Britain’s windfall tax on the oil and gas sector between May 2022 and April 2023, the company said on Tuesday. BP paid a total of $650 million in tax in Britain in the first quarter of 2023, of which $300 million came under the Energy …

BP pays $1 billion under Britain’s windfall tax Read More »

(Corrects company description in 5th paragraph) (Reuters) – Dutch specialty chemicals maker DSM’s first-quarter profit and sales missed expectations on Tuesday, hit by weak volumes, persistently high inflation and low vitamin prices. DSM and Firmenich reported quarterly results separately for the last time ahead of the completion of their merger due next Monday. The merger, …

DSM misses Q1 forecasts due to weak volumes and high costs Read More »