Reuters UK Business

By Agnieszka Olenska and Tomasz Kanik (Reuters) -Sweden’s Securitas, one of the world’s largest security services providers, reported slightly better than expected quarterly core earnings on Wednesday, as profit margins improved in both its business areas aided by cost savings. Operating earnings before amortization (EBITA) fell marginally to 2.8 billion Swedish crowns ($290.26 million) in …

Securitas’ cost cuts help it beat core profit expectations in Q2 Read More »

By Sudip Kar-Gupta PARIS (Reuters) -The French economy grew 0.3% in the second quarter, beating forecasts, as a rebound in household spending boosted the euro zone’s second-biggest economy, according to official data published on Wednesday. Analysts polled by Reuters had forecast 0.1% growth for the preliminary Q2 GDP. The growth of 0.3% also showed an …

French economy grew 0.3% in Q2, beating forecasts Read More »

By Jesús Aguado MADRID (Reuters) -Lending income at Spain’s Caixabank remained under pressure in the second quarter due to lower interest rates, though the lender managed to partially offset the impact on its net profit with a rise in net fees and commissions. While interest rates were rising until late 2023, Spanish banks benefited from …

Caixabank’s Q2 lending income squeezed by lower rates Read More »

By Romolo Tosiani (Reuters) -Dutch tank storage company Vopak raised its 2025 core profit forecast on Wednesday, citing strong first-half results and the resilience of its terminal network. The firm now expects core profit (proportional EBITDA) for the year to be between 1.17 billion euros ($1.35 billion) and 1.20 billion euros, slightly up from its …

Vopak raises 2025 core profit outlook after solid first-half Read More »

MADRID (Reuters) -Spanish telecom giant Telefonica booked a net loss of 51 million euros ($58.93 million) in the second quarter due to currency swings and capital impairments on assets sold in Latin America. The company’s net loss during the quarter compared with a 417 million euro net profit in the same period a year ago. …

Telefonica books $59 million net loss in second quarter on currency swings Read More »

By Savyata Mishra (Reuters) -Starbucks reported a higher than expected revenue rise for the third quarter, with improved demand in China, menu changes and investments in labor and store operations helping to offset slowing consumer spending in its domestic market. The Seattle-based company’s shares rose 4.1% in early European trading on Wednesday, tracking gains in …

Starbucks CEO details brand reset plan as turnaround efforts drive sales beat Read More »