Reuters UK Business

UK’s TP ICAP half-year profit falls short, shares decline

6 Aug 2025

(Reuters) -British inter-dealer broker TP ICAP posted weaker-than-expected half-year operating profit on Wednesday, after delivering robust performance in recent months, sending its shares down nearly 9%. TP ICAP saw soaring trading volumes after U.S. President Donald Trump’s tariffs threw global market into a frenzy. Clients rushed to reshape their portfolios and take advantage of the …

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Musk says xAI will open source Grok 2 chatbot

6 Aug 2025

(Reuters) -Billionaire Elon Musk said on Wednesday that his artificial intelligence startup xAI will open source its chatbot Grok 2 next week. (Reporting by Gursimran Kaur in Bengaluru; Editing by Nivedita Bhattacharjee)

European airports’ passenger traffic rose 4.5% in H1, says trade body

6 Aug 2025

(Reuters) -Passenger traffic across the European airport network rose 4.5% in the first half compared with the same period last year, said Brussels-based European airport trade body ACI Europe on Wednesday. WHY IT’S IMPORTANT: Tourism remains key for many European economies, and the higher passenger numbers at European airports signal a resilience for the sector …

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British lender Metro Bank triples half-year profit on lending pivot, cost cuts

6 Aug 2025

(Reuters) -Britain’s Metro Bank posted a more than threefold rise in underlying pre-tax profit for the first half of 2025 compared to the second half of 2024, driven by the lender’s cost control measures and renewed focus on corporate and commercial lending. The bank, launched in 2010 as a challenger to Britain’s incumbent lenders, has …

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Fresenius lifts revenue guidance, to sell FMC shares to maintain stake

6 Aug 2025

(Reuters) -German healthcare group Fresenius raised its revenue guidance for 2025 on Wednesday, citing consistent growth seen in the first half of the year, and said it would sell some shares of its former dialysis unit to maintain the size of its stake. The Hessian-based company now targets 5-7% organic revenue growth, after previously guiding …

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Tele2 to form telecoms tower company in Baltic countries

6 Aug 2025

COPENHAGEN (Reuters) -Sweden’s Tele2 said on Wednesday it would form a telecoms tower company with Global Communications Infrastructure (GCI), backed by Manulife Investment Management, to roll out mobile and 5G services across the Baltic countries. Tele2 said in a statement the transaction valued the tower company at 560 million euros ($648.59 million) on a debt …

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UK’s THG to sell flavouring maker Claremont for $137 million

6 Aug 2025

(Reuters) -British e-commerce firm THG on Wednesday said it would sell food and beverage flavouring manufacturer Claremont Ingredients for 103 million pounds ($137 million) to European flavour and colouring maker Nactarome Group. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Rashmi Aich)

UK’s Reeves heading for ‘impossible’ choices in this year’s budget, think tank says

6 Aug 2025

By William Schomberg LONDON (Reuters) -British finance minister Rachel Reeves faces an “impossible trilemma” of big tax hikes, spending cuts or a change to fiscal rules that she has said are non-negotiable, a leading think tank said on Wednesday. Reeves looks on course for a projected 41 billion-pound ($54 billion) overshoot later this year of …

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Medical products maker Smith+Nephew soars as turnaround plan boosts profit

6 Aug 2025

By Unnamalai L (Reuters) -Smith+Nephew’s turnaround efforts helped the medical products maker beat first-half profit expectations on Tuesday, prompting the launch of a $500 million share buyback programme for the second half, sending its shares up more than 15%. The British group, which makes orthopaedic implants, wound dressings and other surgical aids, has been cutting …

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