Reuters UK Business

By Anuja Bharat Mistry (Reuters) -Yum Brands missed analysts’ estimates for the second quarter on Tuesday, hit by higher ingredient costs and muted demand that weighed on its businesses, including Taco Bell, sending its shares down 4%. Concerns over the impact of steep tariffs and economic growth have dented U.S. consumer spending on eating out, …

Taco Bell parent Yum Brands misses estimates as spending slows, costs rise Read More »

By Andrea Mandala MILAN (Reuters) -Banco BPM on Tuesday beat profit expectations helped by fees earned through newly acquired fund manager Anima Holding, and confirmed the full-year outlook after staving off a takeover by larger peer UniCredit. Banco BPM became a takeover target for UniCredit in November, soon after acquiring a stake in Monte dei …

Banco BPM profit beats forecasts with Anima boost after UniCredit walks away Read More »

By Twesha Dikshit and Ragini Mathur (Reuters) -European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut interest rates next month. The pan-European STOXX 600 index edged up 0.15%, with most regional bourses also trading in the green. Earnings season, in full swing, offered some …

European shares end higher on earnings optimism, US rate cut hopes Read More »

By Andrea Shalal and Aftab Ahmed WASHINGTON/NEW DELHI (Reuters) -U.S. President Donald Trump said on Tuesday he would increase the tariff charged on imports from India from the current rate of 25% “very substantially” over the next 24 hours, in view of New Delhi’s continued purchases of Russian oil. He also said a “zero tariff” …

Trump again threatens ‘very substantial’ tariff hikes for India over Russian oil Read More »