Reuters UK Business

By Kate Abnett BRUSSELS (Reuters) -European Union countries bracing for further cuts in Russian gas supply on Tuesday approved a weakened emergency plan to curb demand, after striking compromise deals to limit reductions for some countries. Europe faces a tighter gas squeeze from Wednesday, when Russia’s Gazprom has said it would cut flows through the …

Europe agrees emergency gas curbs, Kyiv says Russia supply curbs are ‘price terror’ Read More »

By Karin Strohecker and Natalia Zinets LONDON/KYIV (Reuters) -Ukraine’s Naftogaz has become the first Ukrainian government entity to default since the start of the Russian invasion, after the state energy firm said it would not make payments on international bonds before the Tuesday expiry of a grace period. The default may accelerate repayments on the …

Ukraine’s Naftogaz stumbles into default amid new debt overhaul push Read More »

By Jesús Aguado and Corina Pons MADRID (Reuters) -The European Central Bank (ECB) could potentially issue a negative opinion toward a recently proposed tax on banks in Spain though details were still missing, Bank of Spain Governor Pablo Hernandez de Cos said on Tuesday. The Spanish government announced the creation of the tax earlier this …

ECB could issue negative opinion on Spanish banks’ tax, De Cos says Read More »

(Reuters) -Credit Suisse Group AG is set to announce the departure of Chief Executive Officer Thomas Gottstein, the Wall Street Journal reported on Tuesday, citing people familiar with the bank. The timing of Gottstein’s exit could not be determined but an announcement could come as soon as Wednesday, when the bank reports its quarterly results, …

Credit Suisse CEO Thomas Gottstein set to depart -WSJ Read More »

By Eva Mathews (Reuters) – Compass Group, the world’s largest caterer, raised its revenue growth forecast for the second time this year on the back of new business wins, helping push its shares to their highest in more than two years. Compass, which feeds office workers, the armed forces and school children in 44 countries, …

Caterer Compass raises growth forecast in post-pandemic recovery Read More »

By Dominique Vidalon PARIS (Reuters) – Remy Cointreau said it was confident over prospects for its current financial year, after first-quarter sales beat expectations and cognac sales strongly recovered in the key Chinese market in June. The maker of Remy Martin cognac and Cointreau liqueur said its China business saw a double-digit sales rebound last …

Remy confident after China sales rebound in June Read More »

By Richa Naidu LONDON (Reuters) – Unilever Plc raised its full-year sales guidance after beating first-half underlying sales forecasts as the maker of Dove soap and Knorr stock cubes hiked prices to counter soaring costs, sending its shares up 2.9% on Tuesday. One of the biggest consumer companies in the world, with more than 400 …

Unilever ups sales guidance after price hikes help it beat forecast Read More »