Reuters UK Business

Credit Agricole Q2 earnings beat estimates on U.S. capital gain

31 Jul 2025

By Mathieu Rosemain PARIS (Reuters) -Credit Agricole SA, France’s second-largest listed bank, reported higher than expected quarterly earnings on Thursday, boosted by a one-time capital gain and stronger results at its insurance and investment banking units. Net income over the three months to June advanced 31% from a year earlier to 2.39 billion euros ($2.73 …

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SocGen lifts targets after French retail rebounds sharply

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 said it raised its 2025 return on tangible equity target, a key profitability measure, to around 9% from a …

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China’s JD.com to buy Germany’s Ceconomy in deal valuing it at $2.5 billion

31 Jul 2025

By Matthias Inverardi and Matthias Williams DUESSELDORF, Germany (Reuters) -JD.com is acquiring Germany’s Ceconomy in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing one of China’s largest online retailers to expand outside of its home market. Ceconomy’s MediaMarkt and Saturn brands will give JD.com, which competes with Alibaba and Amazon, …

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Porsche, Aston Martin hike US prices as hopes for tariff sweeteners fade

31 Jul 2025

By Rachel More, Alessandro Parodi and Shashwat Awasthi BERLIN (Reuters) -European luxury carmakers including Porsche and Aston Martin have surged ahead with U.S. price hikes, which could point the way for bigger brands to follow in their wake as companies pass on the cost of tariffs. The United States and Europe reached a trade deal …

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Meta shares jump as AI fuels ad sales, outweighing big capital costs

31 Jul 2025

By Echo Wang and Jaspreet Singh (Reuters) -Meta Platforms forecast third-quarter revenue well above analysts’ estimates on Wednesday, as artificial intelligence once more powered its core advertising business, sending its shares soaring 11% in extended trading. The bumper results could ease investor worries about the social media giant’s frenzied pace of spending, at least for …

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Arm shares drop as outlook disappoints; company looks to invest to make own chips

31 Jul 2025

By Max A. Cherney and Arsheeya Bajwa (Reuters) -Arm Holdings shares tumbled 8% in extended trading on Wednesday, after the chip tech provider issued quarterly forecasts that disappointed investors, in part because of its plans to invest a portion of its profit into building its own chips and other components. The company forecast fiscal second-quarter profit …

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UK retailers warn of more price hikes as tax costs bite, survey shows

31 Jul 2025

LONDON (Reuters) -Two-thirds of British retailers expect to raise prices further over the next year as April’s employer tax increases continue to drive up costs, a survey of finance chiefs showed on Thursday. Trade body the British Retail Consortium said its survey of finance leaders at retailers together representing over 9,000 stores found 85% raised …

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Microsoft to spend record $30 billion this quarter as AI investments pay off

31 Jul 2025

By Deborah Mary Sophia, Stephen Nellis and Aditya Soni (Reuters) -Microsoft forecast on Wednesday a record $30 billion in capital spending for the current fiscal first quarter, after booming sales in its Azure cloud computing business showcased the growing returns on its massive bets on artificial intelligence. Shares of the software company rose 9% in …

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JD.Com to acquire Ceconomy

30 Jul 2025

(Reuters) -China’s JD.Com said on Wednesday it will acquire German electronics retailer Ceconomy at 4.60 euros per share. Reuters reported the deal earlier on Wednesday. (Reporting by Angela Christy in Bengaluru; Editing by Chris Reese)

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