Reuters UK Business

By Nathan Gomes (Reuters) -Deere & Co reported a drop in third-quarter profit on Thursday and warned of a bigger tariff hit than previously expected, sending shares of the farm-equipment maker down 7% in morning trade. U.S. President Donald Trump’s sweeping tariffs have impacted companies across sectors, especially the manufacturing and industrial firms that rely …

Deere warns of bigger tariff hit after quarterly profit declines Read More »

(Reuters) -Britain’s FTSE 100 hit a record closing high on Thursday, propelled by defence and financial sector gains, while investors assessed key economic data. The blue-chip index gained for a fourth consecutive day, ending up 0.1%. The midcap index declined 0.2%. Investors responded positively to UK second-quarter GDP figures, which showed that growth slowed less …

FTSE 100 hits record close as defence and financial stocks surge Read More »

By Twesha Dikshit and Sukriti Gupta (Reuters) -European shares closed at their highest level in more than two months on Thursday, with aerospace and defence stocks and financials providing the biggest boost as investors assessed a spate of corporate earnings. The pan-European STOXX 600 index closed 0.6% higher, after touching a two-week intraday high. Industrial …

European stocks close at two-month highs propelled by earnings, defence stocks Read More »

(Reuters) – London-based marketing agency MSQ Partners on Thursday ruled out a potential merger with Martin Sorrell’s advertising group S4 Capital. MSQ said in a statement that such discussions may have taken place between representatives of its majority shareholder One Equity Partners (OEP) and S4 Capital, but its board was not involved. Neither OEP nor …

Marketing agency MSQ rules out potential merger with Sorrell’s S4 Capital Read More »

By Manya Saini and Niket Nishant (Reuters) -After years of sitting on the sidelines, U.S. crypto companies are lining up to go public, buoyed by friendly policies under President Donald Trump’s second administration that have pushed the value of global cryptocurrencies to a record $4.2 trillion. Bullish, a cryptocurrency exchange operator that counts billionaire Peter …

Trump-fueled crypto frenzy sparks rush to Wall Street IPOs Read More »

(Reuters) -Valentino CEO Jacopo Venturini has stepped down, the Italian luxury house said on Thursday, leaving the Mayhoola- and Kering-backed business searching for a new leader to reboot sales and profit. Valentino reached a mutual agreement with Venturini to terminate his employment and board roles effective Wednesday as he “has decided to take a break …

Valentino CEO steps down for personal reasons Read More »

ZURICH (Reuters) -Swiss ministers have met with senior executives of pharmaceutical companies Roche and Novartis to discuss the outlook for the sector under current U.S. trade policy, the government said on Thursday. President Donald Trump has imposed U.S. import tariffs of 39% on Swiss goods, one of the highest rates worldwide, though pharmaceutical firms have …

Swiss ministers meet with pharma executives amid tariff uncertainty Read More »

MADRID (Reuters) -Spain’s BBVA filed an appeal with the Supreme Court on July 15 against government-imposed conditions on its proposed takeover of smaller rival Sabadell, a BBVA spokesperson said on Thursday, confirming a report in El Espanol newspaper. The appeal does not interfere with the around 15-billion-euro ($17.5 billion) hostile takeover approach first announced more …

BBVA challenged Madrid’s conditions on proposed Sabadell deal in court Read More »

MOSCOW (Reuters) -WhatsApp accused Moscow of trying to block millions of Russians from accessing secure communication after calls on the messaging app were restricted, as Russia promotes home-grown social media platforms and seeks greater control over the country’s internet space.  Russia said on Wednesday that it had started restricting some WhatsApp, owned by Meta Platforms, …

WhatsApp accuses Moscow of trying to block secure communication for millions of Russians Read More »

By Savyata Mishra (Reuters) -Birkenstock beat third-quarter profit expectations on Thursday on strong demand for its clogs and shoes at full price, and said it was well placed to manage the hit from a 15% U.S. tariff on European imports. Shares of the German sandal maker fell 2.7% in morning trading after company executives warned …

Birkenstock’s profit beats estimates on strong footwear demand at full price Read More »