Reuters UK Business

Deutsche Telekom partnering with Nvida, Brookfield on AI data centre -CEO

7 Aug 2025

(Reuters) -Deutsche Telekom is partnering with Nvidia and Canadian private equity fund Brookfield in a bid to build one of the EU’s AI “gigafactories” in North Rhine-Westphalia, Germany, its chief executive said on Thursday. “We have partnerships with Brookfield and also with Nvidia – these are our big partners for this gigabit factory,” CEO Tim …

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BoE’s Bailey says consumers have been more cautious than expected

7 Aug 2025

LONDON (Reuters) -Bank of England Governor Andrew Bailey said consumers have been more cautious than policymakers had expected, speaking after the bank cut interest rates to 4% from 4.25% on Thursday. “Consumers appear to remain more cautious than we have expected, perhaps exacerbated by broader downside risks to activity and the risk of more sudden …

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Maersk boosts profit outlook as container demand defies trade fears

7 Aug 2025

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group Maersk raised its full-year profit forecast on Thursday as robust global container demand defied fears that tariffs would hit trade, although the company predicted a slowdown later this year. Maersk, viewed as a barometer of world trade, said it now expected global container volumes to increase by 2% …

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Hikma outlook cut for unit’s margins clouds confidence in overall forecasts

7 Aug 2025

By Unnamalai L (Reuters) -Hikma shares fell on Thursday as the drugmaker cut the margin forecast for its largest unit due to a strong euro and rising costs, overshadowing a profit beat and reaffirmed annual outlook. The generic drugmaker now expects full-year core operating margin between 32% to 33% for its injectables business, which accounted …

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Swisscom says 2025 revenue will be at low end of guidance, flags soft B2B demand

7 Aug 2025

By Anastasiia Kozlova (Reuters) -Swisscom expects its annual revenue to land at the lower end of its confirmed guidance range, it said on Thursday, as corporate customers, awaiting clarity on the economic situation, delay investments and purchase decisions. The situation remains stable, albeit less favourable than the telecoms operator had anticipated, as U.S. President Donald …

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Ad group WPP slashes dividend on tariffs and client losses to Publicis

7 Aug 2025

By Sarah Young LONDON (Reuters) -Clients are spending less on advertising due to tariffs, WPP warned on Thursday, as it halved its interim dividend following big client losses to rival Publicis, showing the scale of the challenge faced by incoming CEO Cindy Rose. The British ad group, whose agencies include Ogilvy, VML and WPP Media, …

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KBC soars to pre-2008 level as income forecast hike sweetens quarterly beat

7 Aug 2025

By Jakob Van Calster and Mateusz Rabiega (Reuters) -Belgian bank KBC lifted its annual net interest and total income forecasts on strong organic loan growth after beating quarterly earnings estimates on Thursday, sending its shares to levels seen before the global financial crisis. The shares rose as much as 6.1% in early trading to their …

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Harbour Energy lifts 2025 free cash flow forecast after Wintershall Dea deal

7 Aug 2025

By Ankita Bora (Reuters) -North Sea-focused Harbour Energy raised its annual free cash flow and production forecast on Thursday, bolstered by robust production as it integrates Wintershall Dea assets, sending its shares sharply higher. Harbour Energy, the largest British North Sea oil and gas producer, completed its acquisition of the Wintershall Dea assets last year …

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