Reuters UK Business

By Amir Orusov (Reuters) -Continental reported a weaker second-quarter operating profit for its core tyres business on Tuesday, citing headwinds related to unfavourable foreign exchange rates, U.S. import tariffs and muted demand in Europe. Adjusted operating profit was 401 million euros ($462.59 million) at the German car parts supplier’s core unit, below analysts’ consensus of …

Continental’s tyre margins hit by Trump’s tariffs, weak dollar Read More »

LONDON (Reuters) -British scientific instruments maker Spectris has agreed to a sweetened offer from U.S. private equity firm KKR valuing it at 4.8 billion pounds ($6.4 billion), it said on Tuesday, withdrawing its backing for a lower offer from rival suitor Advent. The London-headquartered company said it had agreed to a 41.75 pound per share …

UK’s Spectris agrees sweetened KKR offer as takeover battle heats up Read More »

By Yamini Kalia (Reuters) -Britain’s Domino’s Pizza Group cut its forecast for annual core profit on Tuesday as higher labour costs exacerbated pain from weak customer demand, prompting its shares to slide 20%. Increases to employers’ social security contributions went into effect in April. “There’s no doubt that through National Insurance and all the costs, …

Domino’s UK cuts profit forecast as labour costs climb, shares plunge 20% Read More »

By Simon Ferdinand Eibach and Paolo Laudani (Reuters) -Frankfurt Airport operator Fraport beat analyst expectations for second-quarter profit on Tuesday on higher passenger traffic and prices and confirmed its full-year earnings forecast, sending shares surging 6% in early trading. Still, net profit in the first half fell to 98.6 million euros, from 160.8 million euros …

Fraport profit beats expectations in second quarter, shares jump Read More »

By John Revill ZURICH (Reuters) -Adecco reported better-than-expected second-quarter earnings on Tuesday, and said it was seeing increased hiring activity by defence companies as government military spending rises in response to Russia’s invasion of Ukraine and NATO spending targets. The Swiss staffing firm said operating income rose 6% year-on-year to 115 million euros ($132.93 million) …

Staffing company Adecco sees more hiring increases at defence firms Read More »

By Bernadette Hogg (Reuters) -Aurubis on Tuesday reported higher-than-expected core profit for the first nine months of its 2024-2025 financial year, helped by higher contributions from sulfuric acid, copper products and precious metals. Europe’s largest copper producer said operating earnings before tax fell to 286 million euros ($330.44 million) in the first nine months of …

Aurubis earnings beat forecasts as copper supply remains tight Read More »