Reuters UK Business Archives - Page 255 of 3179

Sweden’s Telia posts slight profit beat helped by lower costs

23 Oct 2025 23 Oct 2025

(Reuters) -Swedish telecom operator Telia reported third-quarter core earnings slightly above market expectations on Thursday, driven by profitable service revenue growth and lower operational expenses across most of its markets. Shares of the company rose more than 4% by 0910 GMT, leading gains on the Stockholm blue-chip index. Telia’s quarterly adjusted operating profit before depreciation …

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Google plans multimillion pound investment in e-commerce firm THG Ingenuity, Sky News reports

23 Oct 2025 23 Oct 2025

(Reuters) -Alphabet’s Google has agreed to invest in an instrument that could convert into an equity stake in THG Ingenuity, the demerged arm of British e-commerce firm THG, at a valuation of 750 million pounds ($1.01 billion) or more, Sky News reported on Thursday citing sources. Reuters could not immediately verify the report. ($1 = 0.7451 pounds) …

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Norway’s wealth fund maintains net zero emission pressure amid US climate rollback

23 Oct 2025 23 Oct 2025

By Gwladys Fouche OSLO (Reuters) -Norway’s $2 trillion wealth fund is maintaining pressure on companies it invests in to cut their greenhouse gas emissions to net zero by 2050, it said on Wednesday, despite the growing U.S. backlash against climate-friendly policies. The world’s largest sovereign wealth fund first formulated the goal of bringing all 8,500 companies …

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STMicro names new Italian board members, defusing tension with Rome

23 Oct 2025 23 Oct 2025

ROME (Reuters) -STMicroelectronics announced on Thursday the appointment of two new Italian members of its supervisory board, signalling that Italy and France were moving to settle their differences over the chip maker’s governance. The group, in which the French and Italian governments indirectly own a combined 27.5% stake, has battled an industry-wide sales slump since …

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UK lawyers attack reported budget tax hike proposal

23 Oct 2025 23 Oct 2025

LONDON (Reuters) -British lawyers have hit out at a reported proposal that finance minister Rachel Reeves could increase taxes on partnerships typically used by lawyers, accountants and family doctors, saying it would set back her plan to speed up economic growth. The Times newspaper said this week that Reeves was considering a new tax on …

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Kering FOMO share price rally continues as de Meo’s turnaround gathers speed

23 Oct 2025 23 Oct 2025

PARIS (Reuters) -Shares in Gucci owner Kering rose by as much as 9% in early Paris stock market trade on Thursday after the company reported sales in the last quarter had declined less than analysts had expected, extending a rally that started when Luca de Meo was hired to restructure the group. The trading update …

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Nokia CEO compares AI surge to 1990s internet boom, but plays down bubble fears

23 Oct 2025 23 Oct 2025

By Gianluca Lo Nostro -Nokia’s CEO Justin Hotard said artificial intelligence is driving a long-term growth trend that resembles the internet boom of the 1990s, but downplayed concerns about a potential bubble. Hotard’s remarks come amid growing debate over whether the surge in AI investment is sustainable. “I fundamentally think we’re at the front end …

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Wizz Air looks to delay 100 Airbus aircraft deliveries, Bloomberg News reports

23 Oct 2025 23 Oct 2025

(Reuters) -Hungary-based Wizz Air is in talks to defer about 100 Airbus SE aircraft deliveries into the next decade, Bloomberg News reported on Thursday, citing people familiar with the matter. The aircraft were originally slated for delivery between now and 2030, the report said. Wizz Air declined to comment. Airbus did not immediately respond to …

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Heineken lays out plan to grow beer sales, cut costs

23 Oct 2025 23 Oct 2025

By Emma Rumney SEVILLE, Spain -Dutch brewer Heineken said on Thursday it aims to deliver mid-single-digit organic net revenue growth each year until 2030, with profit growth ahead of that, as it laid out an updated strategy for the next five years. Under the plan, unveiled ahead of a capital markets day in Seville, Spain, …

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Lloyds downgrades guidance as motor finance scandal bites

23 Oct 2025 23 Oct 2025

By Lawrence White LONDON (Reuters) -Lloyds Banking Group’s third-quarter profit fell by 36%, it said on Thursday, and it downgraded its performance guidance for the year to reflect an 800-million-pound ($1 billion) charge it had announced after a motor finance scandal. The bank reported pretax profit for the July-September period of 1.17 billion pounds, broadly …

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