Reuters UK Business

By William Schomberg LONDON (Reuters) -The Bank of England is expected to cut interest rates next week but the likelihood of a fresh three-way split among policymakers underscores the conflicting risks posed by rising inflation and a weakening job market to Britain’s economy. The BoE’s Monetary Policy Committee still appears divided between those who want …

Bank of England set to split again in face of inflation, job risks Read More »

By John Revill ZURICH (Reuters) -The Swiss National Bank on Thursday reported a loss of 15.3 billion Swiss francs ($18.83 billion) for the first half of the year as the weakening dollar took a big bite out of the value of the central bank’s U.S investments. The SNB made a loss of 22.7 billion francs …

Swiss National Bank posts H1 loss of 15.3 billion francs as dollar weakness weighs Read More »

(Reuters) -German chip systems manufacturer Aixtron reported a better than expected quarterly revenue on Thursday, citing increasing demand for datacom lasers particularly for AI centers. The group’s sales rose 4% to 137.4 million euros ($156.9 million) in the second quarter of 2025, at the upper end of its guided range of 120-140 million euros and …

Aixtron posts Q2 sales above market expectations Read More »

COPENHAGEN (Reuters) -Global freight company DSV reported second-quarter operating profit before special items slightly below expectations on Thursday and maintained its outlook for the year. DSV, the world’s largest logistics firm, posted a second-quarter operating profit before special items of 4.73 billion Danish crowns ($724.76 million) compared to the 4.85 billion crowns expected by 19 …

Logistics group DSV’s operating profit slightly below forecast Read More »

(Reuters) -Austrian oil and gas company OMV reported second-quarter results in line with expectations on Thursday, as lower contributions from its energy and fuels and feedstock divisions were compensated by higher results at the chemicals business. The Vienna-based firm posted a clean operating result of 1.03 billion euros ($1.18 billion) for the second quarter, in …

Austria’s OMV second-quarter results meet forecasts as chemicals division surges Read More »

(Reuters) -German defence electronics maker Hensoldt reported higher half-year sales on Thursday, as orders were boosted by increased European military spending amid conflicts in Ukraine and the Middle East. The company said its sales grew 11% from a year earlier to 944 million euros ($1.08 billion) in the first six months of 2025, underpinned by …

Hensoldt H1 sales boosted by higher military spending in Europe Read More »

(Reuters) -German chemicals maker Covestro missed second-quarter sales expectations on Thursday, citing a global price decline as U.S. import tariffs led to noticeable strains on supply chains. The group, whose main products include foam chemicals used in mattresses, car seats and insulation for buildings, said hurdles in export to the U.S. resulted in a significant …

Covestro reports second-quarter sales miss on weaker pricing Read More »