Reuters UK Business

Schneider Electric confirms 2025 outlook as data centres drive growth

31 Jul 2025

(Reuters) -French electrical equipment maker Schneider Electric confirmed its 2025 outlook on Thursday after reporting second-quarter revenue growth, buoyed by continued strong demand for its data centre offering. Revenues were up 8.3% organically to 10.01 billion euros ($11.43 billion). That compared with estimates of 9.99 billion and 7.5% organic growth in a company-compiled consensus. Revenues …

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Hungary plans to bring in US small modular reactor tech with Polish partner

31 Jul 2025

BUDAPEST (Reuters) -Hungary has taken a key step towards importing small modular nuclear reactor technology by partnering with Poland’s Synthos Green Energy, which holds the rights to GE Vernova Hitachi’s technology in central Europe. Hungarian nuclear energy development firm Hunatom signed a letter of intent with Synthos, which serves as project developer for building BWRX-300 …

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Microsoft, Meta surge after blowout results

31 Jul 2025

LONDON (Reuters) -Shares in artificial intelligence heavyweights Microsoft and Meta Platforms both surged in European trading on Thursday, after blowout quarterly results after-market on Wednesday. Meta shares surged 12.2% in Frankfurt after it forecast quarterly revenue well ahead of Wall Street expectations. Microsoft shares jumped 9%, as surging Azure cloud computing revenue above analysts’ expectations, …

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SocGen lifts annual targets after French retail rebounds

31 Jul 2025

By Mathieu Rosemain PARIS (Reuters) -Societe Generale, France’s third-largest listed bank, raised its annual profit target on Thursday after a strong rebound in its French retail business lifted second quarter results above expectations. The French lender raised its 2025 return on tangible equity target, a key profitability measure, to around 9% from a previous goal …

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Italy’s Prysmian raises full-year outlook on Channell acquisition

31 Jul 2025

(Reuters) -Italy’s Prysmian on Thursday increased its full-year core profit and cash generation forecasts following its acquisition of U.S. connectivity device manufacturer Channell, after beating expectations for second-quarter results. Prysmian, the world’s largest cable maker, announced the Channell acquisition in March, in a deal worth up to $1.15 billion, aiming to expand its footprint in …

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Accor posts better-than-expected first half earnings

31 Jul 2025

(Reuters) -Accor, Europe’s biggest hotel group, reported a larger-than-expected rise in first half earnings on Thursday, citing higher prices and the benefits of a diverse portfolio. The French-based company reported a 9.4% rise in earnings before interest, taxes, depreciation and amortisation (EBITDA) to €552 million ($631 million), beating analysts’ consensus estimate of €544 million. Accor’s …

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Analysis-Ukraine’s huge financing gap set to widen as war heats up and reforms stall

31 Jul 2025

By Olena Harmash KYIV (Reuters) -Ukraine’s financing gap will widen significantly next year if Russia keeps up its intense attacks across the country and the government fails to act on demands for reform from foreign lenders, analysts say. The government spends most state revenues on the army and finances social and humanitarian spending with foreign …

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Global gold demand up 3% in second quarter as investment jumps, WGC says

31 Jul 2025

LONDON (Reuters) -Global gold demand including over-the-counter (OTC) trading rose by 3% year-on-year to 1,248.8 metric tons in the second quarter of 2025 as investment jumped 78%, the World Gold Council said on Thursday. Spot gold prices are up 26% so far this year after hitting a record $3,500 per troy ounce in April as …

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StanChart sets $1.3 billion buyback as first-half profit outstrips forecasts

31 Jul 2025

By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered (StanChart) reported on Thursday a higher-than-expected 26% jump in first-half pretax profit, as a strong performance in the wealth and markets businesses boosted its revenue. Emerging markets-focused StanChart also announced a further $1.3 billion share buyback, and an interim dividend of 12.3 cents a …

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Advertising slump hits Germany’s ProSiebenSat.1 with revenue decline

31 Jul 2025

-German broadcasting and media group ProSiebenSat.1 announced a bigger-than-expected drop in quarterly revenue on Thursday, dampened by weak advertising sales and the impact of the sale of comparison website Verivox. The group’s revenue decreased 7% year-on-year to 840 million euros ($959 million) in the quarter ended June 30 from 907 million euros in the year-ago …

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