Reuters UK Business

Euro zone wage growth slowing as expected, ECB data shows

30 Jul 2025

FRANKFURT (Reuters) -Euro zone wage growth will slow sharply this year, as predicted by economists, the European Central Bank’s wage-tracker showed on Wednesday, supporting the bank’s argument that excessive inflation has now been defeated. The ECB’s wage tracker, which covers active collective bargaining agreements, indicates that negotiated wage growth, with smoothed one-off payments, was 4.6% …

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Belgium’s Solvay sees tariff uncertainties, negative currency moves

30 Jul 2025

(Reuters) -Belgian chemicals group Solvay said on Wednesday its markets had been affected in the first half by tariff-related uncertainties and said its results had also been affected by negative foreign exchange movements. “The level of business activity in the first half of 2025 has been impacted by the uncertainty around the tariff discussions and …

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Siemens Healthineers expects up to $580 million tariff impact in 2026

30 Jul 2025

By Marleen Kaesebier (Reuters) -Siemens Healthineers expects U.S. tariffs to have an impact of up to 500 million euros ($578 million) on 2026 results, its finance chief said on Wednesday, after the European Union and U.S. reached a framework trade agreement on Sunday. The German medical technology company estimates a 400-500 million euro hit in …

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Nasdaq Nordic resumes trading after glitch prompts order cancellations

30 Jul 2025

MILAN (Reuters) -Trading on the Nasdaq Nordic platform resumed as normal on Wednesday, a day after a technical glitch disrupted equity order data and led to the cancellation of trades. The issue began at 1500 GMT on Tuesday and affected cash equities, ETPs and equity derivatives on Nasdaq Stockholm, Helsinki and Iceland, according to a …

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Glencore targets $1 billion savings by 2026 after copper output dips

30 Jul 2025

LONDON (Reuters) -Glencore reported lower copper production in the first half on Wednesday, and said it aims to save $1 billion in costs by the end of 2026, as part of a review of its industrial assets.  “A comprehensive review of our industrial asset portfolio…recognised opportunities to streamline our industrial operating structure,” Chief Executive Officer …

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UK’s Taylor Wimpey warns of lower annual profit due to one-off charge

30 Jul 2025

(Reuters) -UK homebuilder Taylor Wimpey cut its annual operating profit forecast on Wednesday, citing a 20 million pound ($26.7 million) charge tied to remediation works at a London site, and plunged to a first-half pretax loss. Its shares were down 7% in early trade. Affordability pressures have resurfaced in the UK housing market as persistent …

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Aberdeen profit beats forecasts, flags margin pressure ahead

30 Jul 2025

By Iain Withers LONDON (Reuters) -British money manager Aberdeen reported a forecast-beating first-half profit on Wednesday, but flagged that price cuts at its adviser arm designed to compete with lower-fee rivals would eat into its margins. Aberdeen, which rebranded from its widely-mocked truncated name “abrdn” earlier this year, reported outflows of client cash over the …

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