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Morale among small German firms shifts positive for first time since 2022

7 Oct 2025

BERLIN (Reuters) -Sentiment among small- and medium-sized German businesses nudged into positive territory for the first time since 2022, as slightly more firms showed optimism, a survey found on Tuesday. An index measuring the morale of roughly 1,200 “Mittelstand” companies that form the backbone of the German economy rose to 0.1 points this year from …

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Sweden fails to secure strategic power reserve for this winter

7 Oct 2025

OSLO (Reuters) -A Swedish tender to reserve up to 800 megawatt (MW) of back-up electricity generation capacity for this winter has failed, leaving the country more exposed to potential power disruptions, transmission system operator Svenska kraftnat said on Tuesday. “This is worrying,” Pontus de Mare, operations manage at Svenska kraftnat said in a statement. The …

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Shell to take $600 million hit from scrapped Rotterdam biofuels project

7 Oct 2025

By Stephanie Kelly and Shadia Nasralla LONDON (Reuters) -Shell expects to report a $600 million hit in the third quarter after abandoning its biofuels project in Rotterdam, bringing total impairments and provisions related to the venture to $1.4 billion, it said on Tuesday. Shell had approved development of the 820,000 metric tons-per-year biofuels plant in …

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Dutch crypto firm Amdax’s AMBTS raises 30 million euros in funding

7 Oct 2025

By Sudip Kar-Gupta BRUSSELS (Reuters) -Dutch cryptocurrency company Amdax, which plans to launch a bitcoin treasury company called AMBTS on the Dutch exchange, has raised 30 million euros ($35 million) in financing, it said on Tuesday, highlighting the persistent appeal of Bitcoin. Amdax said the closing of its initial financing round for AMBTS meant it …

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Oil price fall turns up the heat on Big Oil’s bloated payouts

7 Oct 2025

(Corrects dateline to Oct 7, not Oct 6. No change to text) By America Hernandez and Stephanie Kelly PARIS/LONDON -The five biggest global oil majors are moving to cut costs, jobs and share buybacks as falling oil prices threaten to make shareholder payouts unsustainable without increasing debt, analysts said.  Chevron, ExxonMobil, BP, Shell and TotalEnergies …

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Germany’s industrial orders unexpectedly slip for 4th straight month

7 Oct 2025

FRANKFURT (Reuters) -German industrial orders fell for a fourth straight month in August, dragged lower mainly by a weak car industry and a decline in overseas demand, the federal statistics office said on Tuesday. The office reported that incoming orders in the manufacturing sector were down 0.8% on the previous month on a seasonally and …

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Winston cigarette maker Imperial Brands unveils $1.95 billion share buyback plan

7 Oct 2025

(Reuters) -Imperial Brands announced an additional 1.45 billion pound ($1.95 billion) share buyback plan on Tuesday and said it was on track to meet its annual targets on the back of strong pricing and growing demand for smoking alternatives products. The maker of Winston cigarettes and e-cigarette brand blu had expected low-single-digit growth in tobacco …

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UK house prices rise by least since April 2024, Halifax says

7 Oct 2025

LONDON (Reuters) -British house prices rose by a slower-than-expected 1.3% in the 12 months to September, the weakest annual increase since April 2024, as economic and tax uncertainty overshadowed the market, figures from mortgage lender Halifax showed on Tuesday. Prices unexpectedly fell in month-on-month terms, dropping by 0.3% from August. Economists polled by Reuters had …

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Retailer B&M warns of lower earnings on weak UK performance

7 Oct 2025

(Reuters) -Discount retailer B&M forecast a 28% plunge in first-half core earnings and lower annual profit on Tuesday, after its new chief executive admitted “weak” operational execution had hurt trading performance in its home market. CEO Tjeerd Jegen, who took charge in June, said B&M has launched a plan called “Back to B&M Basics”. It …

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New Zealand Q3 business confidence worsens, think tank says

7 Oct 2025

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s business confidence in the third quarter worsened as inflation pressures ticked up, a private think tank said on Tuesday. A net 18% of firms surveyed expected general business conditions to improve compared with 22% optimism in the previous quarter, the New Zealand Institute of Economic Research’s (NZIER) quarterly …

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