Reuters UK Business

FRANKFURT (Reuters) -Siemens Energy is banking on further cost cuts and an ongoing ramp-up of offshore wind activities to meet its goal of breaking even at its loss-making Siemens Gamesa unit, executives told analysts on Wednesday after presenting quarterly results. Siemens Gamesa, the company’s wind turbine division, is expected to incur a loss before special …

Siemens Energy plans cost cuts, offshore ramp-up to break even wind unit Read More »

By Linda Pasquini and Ozan Ergenay (Reuters) -German online fashion marketplace Zalando adjusted its 2025 guidance to include newly acquired About You, but signs of higher inventories and discounting amid sluggish consumer sentiment fuelled concern for second-half growth. Shares reversed course to trade down 5.6% at their lowest in almost a year, giving up gains …

Zalando adjusts 2025 guidance as concerns for H2 growth arise Read More »

BERLIN (Reuters) – German media company ProSiebenSat.1 recommended its shareholders accept the latest public takeover offer from MFE-MediaForEurope, abandoning its resistance to the Italian group controlled by the Berlusconi family. ProSieben said its executive and supervisory boards welcomed the higher bid from MFE, which values the company at some 1.8 billion euros, saying it showed …

ProSieben tells shareholders to accept MFE’s higher takeover bid Read More »

By Aatrayee Chatterjee (Reuters) -London-listed shares of bottlers Coca-Cola HBC and Coca-Cola Europacific Partners dropped sharply on Wednesday, as weak consumer sentiment and concerns over the impact of trade tensions weighed on their annual revenue forecasts. Coca-Cola HBC, which bottles drinks in 29 counties including Italy, Russia and Nigeria, forecast annual organic or self-generated revenue …

Shares in Coca-Cola bottlers drop sharply on weak outlook Read More »

By Mateusz Rabiega and Jakob Van Calster (Reuters) -Dutch bank ABN Amro reported a mixed set of results and announced a share buyback of up to 250 million euros ($289 million) on Wednesday, clearly lower than what analysts had forecasted for 2025, sending its shares falling 7%. ABN will assess in the fourth quarter if …

ABN Amro’s $290 million buyback plan lags market view, knocking shares Read More »