Reuters UK Business

By Gianluca Lo Nostro (Reuters) -Nokia reported third-quarter profit which was ahead of market expectations on Thursday, driven by strong optical and cloud demand, including AI-focused data centre sales following its Infinera acquisition. The company’s shares were up 10.6% to 5.2 euros by 0717GMT, their highest in over three years, adding 3 billion euros to …

Nokia posts profit beat as AI, cloud demand boost optical sales Read More »

By Vera Dvorakova (Reuters) -Essity reported third-quarter earnings above market expectations on Thursday, citing organic growth driven by higher prices, and said it was launching a cost-cutting programme that would include splitting up its consumer goods business. The Swedish hygiene products maker is targeting 1 billion Swedish crowns ($106.2 million) in annual savings by the end …

Essity launches savings plan as price hikes help it beat earnings forecast Read More »

By Olivier Cherfan (Reuters) -French software maker Dassault Systemes cut its full-year revenue growth outlook on Thursday and posted third-quarter results below estimates, pressured by lower-than-anticipated performance in its Life Sciences and CENTRIC PLM divisions. The firm adjusted its annual revenue growth outlook to 4%-6% from 6%-8%, while confirming a 7%-10% increase in diluted earnings …

Dassault Systemes cuts annual revenue outlook, sees AI boost from 2026 Read More »

By Timothy Gardner and Julia Payne WASHINGTON/BRUSSELS (Reuters) -U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war. The move came after EU countries on Wednesday approved a …

US hits top Russian oil companies with sanctions, EU bans Russian LNG Read More »

(Fixes garbled 4th paragraph) By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Kering’s overall group sales fell less than analysts expected in the third quarter thanks to the performance of its smaller brands and some encouraging signs at ailing flagship brand Gucci, the group said on Wednesday.  The trading update, the first under the leadership of …

Kering beats third-quarter forecasts as smaller brands cushion Gucci decline Read More »

-German consumer goods maker Beiersdorf on Thursday trimmed its outlook for 2025 for a second time, saying the market for skincare had slowed in the third quarter, especially in emerging markets. It lowered its outlook for organic sales growth to around 2.5%, from a previous target of around 3%, with around 2.5% growth expected in …

Nivea maker Beiersdorf cuts 2025 forecast as skincare sales slow Read More »