Reuters UK Business

By Amir Orusov and Anastasiia Kozlova (Reuters) -European shipping and logistics firms are under pressure heading into third-quarter earnings season, as analysts trim profit forecasts to reflect falling freight rates and weaker demand. Ocean container rates have plunged to their lowest since January 2024, hit by industry oversupply and weaker demand following new U.S. tariffs, …

European logistics firms face impact from falling freight rates Read More »

By Anita Komuves and Krisztina Than BUDAPEST (Reuters) -Hungarian oil and gas company MOL was gradually restarting units at its Danube refinery following a late Monday fire at one of the plant’s crude units, the company said on Tuesday. By midday, the fire was contained and largely put out and there were no injuries, MOL …

MOL says restarting units of Danube refinery not affected by fire; probe ongoing Read More »

By Utkarsh Shetti and Mike Stone (Reuters) -Aerospace and defense giant RTX raised its full-year profit and revenue forecast on Tuesday, as rising demand for its missiles and aftermarket services bolstered its ability to weather negative fallout from tariffs. Shares of the company rose 6.3% before the bell, as it also beat Wall Street expectations …

RTX raises 2025 forecast as strong demand offsets tariff worries Read More »

(In September 23 story, corrects headline and first paragraph to say … at least 15 years …not… 20 years. Adds note in paragraph 4 to show that comparable unemployment data series only goes back as far as 2010.) HELSINKI (Reuters) -Finland’s monthly unemployment rate rose to 10% in August, the highest level in at least …

Finland’s unemployment rate rises in August to highest level in at least 15 years Read More »

PARIS (Reuters) -Birkin bag maker Hermes has named Grace Wales Bonner as its menswear creative director, replacing veteran Veronique Nichanian, who spent nearly four decades at the brand. Wales Bonner, 35, who will show her first collection for the brand in January 2027, is part of a new generation taking the creative reins of some …

Hermes names Grace Wales Bonner as menswear creative director Read More »

By Paul Sandle LONDON (Reuters) -Britain’s Thames Water said on Tuesday it had agreed to defer its appeal of the regulator’s decision on how much it can raise customer bills while it races to secure a rescue plan funded by its creditors in the coming weeks. The water utility and its lenders are trying to …

Thames Water defers bill challenge to pursue last-ditch rescue Read More »

By Greta Rosen Fondahn STOCKHOLM (Reuters) -Assa Abloy, the world’s largest lockmaker, reported third-quarter operating profit above market expectations on Tuesday, as overall sales rose despite continued weakness in the North American residential market.  Shares in the company, which competes with Allegion and Dormakaba, rose by around 3.5% by 1000 GMT, hitting an all-time high …

Assa Abloy’s profit ahead of expectations despite slow US residential sales Read More »