Reuters UK Business Archives - Page 546 of 3179

Tour operator TUI beats quarterly forecasts, boosts outlook

13 Aug 2025 13 Aug 2025

By Ilona Wissenbach and Joanna Plucinska FRANKFURT/LONDON (Reuters) -Europe’s largest tour operator TUI beat quarterly earnings and revenue forecasts on Wednesday as summer travel proved more resilient and investments and bookings ahead of the winter season allowed it to raise its full-year outlook. TUI raised its full-year profit guidance on Tuesday, after strong hotel and …

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Sterling edges up to highest level since July on rate outlook

13 Aug 2025 13 Aug 2025

LONDON (Reuters) -The pound rose to three-week highs against the dollar on Wednesday, as investors grew increasingly convinced that U.S. interest rates are likely to fall more quickly than British ones, following a benign reading of U.S. inflation. Data on Tuesday showed U.S. consumer prices rose by an annual 2.7% in July, compared with expectations …

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E.ON calls for higher grid returns in Germany as core profit jumps

13 Aug 2025 13 Aug 2025

By Vera Eckert and Christoph Steitz FRANKFURT (Reuters) -E.ON on Wednesday called on Germany’s energy regulator to raise future returns on grid investments, warning Europe’s top economy risked falling behind in its efforts to build out power infrastructure. Europe’s largest grid operator posted a 13% rise in first-half adjusted core profit to 5.5 billion euros …

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Plane imports discussed as part of Swiss-US tariff impasse, airline says

13 Aug 2025 13 Aug 2025

ZURICH (Reuters) -Discussions on how to lower Switzerland’s tariff burden with the United States have broached importing aeroplanes, Swiss International Air Lines said on Wednesday, as the country seeks to reduce its trade surplus with the U.S.. Swiss officials and business leaders are trying to craft a plan that will persuade the U.S. to reduce …

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Standard Chartered lifts year-end ether forecast to $7,500

13 Aug 2025 13 Aug 2025

By Kanchana Chakravarty (Reuters) -Standard Chartered raised its year-end target for ether to $7,500 from $4,000 on Wednesday, citing improvement in industry engagement and uptick in holdings of the cryptocurrency in recent months. The brokerage’s new year-end target represents a premium of near 60% from ether’s more than 3-1/2 year high of $4,700 on Wednesday. …

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GE Appliances to invest over $3 billion in US manufacturing push

13 Aug 2025 13 Aug 2025

(Reuters) -Haier-owned GE Appliances said on Wednesday it plans to invest more than $3 billion over five years in its U.S. operations and workforce following the Trump administration’s tariff policies aimed at boosting domestic manufacturing. Global firms have been increasing their investments and presence in the United States after President Donald Trump pushed companies across …

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France recalls soft cheeses after two suspected deaths from listeriosis

13 Aug 2025 13 Aug 2025

PARIS (Reuters) -France has recalled several kinds of camembert, brie and other soft cheeses after two people died from listeriosis infection and several fell ill after eating cheeses sold in supermarkets nationwide. The health ministry said dairy firm Chavegrand is recalling dozens of batches of soft-rind cheeses after a possible link was established between the …

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Vestas swings to second-quarter profit, keeps outlook

13 Aug 2025 13 Aug 2025

By Nora Buli COPENHAGEN (Reuters) -Danish wind turbine maker Vestas swung to a profit in the second quarter from a loss a year before, maintaining its financial outlook for 2025 on expectations it could overcome the impact of U.S. policy uncertainty. Vestas reported an April-June operating profit before one-off items of 57 million euros ($66.56 …

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Mercedes in talks to sell leasing subsidiary to BNP, reports Bloomberg

13 Aug 2025 13 Aug 2025

FRANKFURT (Reuters) -Mercedes-Benz is in advanced talks with France’s BNP Paribas about the sale of the German carmaker’s leasing subsidiary Athlon, Bloomberg News reported on Wednesday. The sale is not yet certain as there are other interested parties, Bloomberg reported, citing several people familiar with the matter. The subsidiary is valued at about 1 billion …

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Europeans pile into local ETFs at record rate, at expense of US stocks

13 Aug 2025 13 Aug 2025

By Iain Withers LONDON (Reuters) -European investors have put more money into local stock index-trackers so far in 2025 than in any full-year on record, with demand for defence funds booming, data shows, as President Donald Trump’s erratic trade policy hits their appetite for U.S. shares. Investors had ploughed a net 39.4 billion euros ($46.2 …

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