Reuters UK Business

Stellantis expects gradual recovery in H2 and more ‘tough decisions’

29 Jul 2025

MILAN (Reuters) -Stellantis guided on Tuesday for increased net revenues and a low-single digit operating income margin in the second half despite increasing headwinds, as the automaker aims for a gradual recovery after a tough first half. The group also forecast an improved industrial free cash flow performance in the second half compared with the …

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Spain’s GDP growth speeds up in second quarter, beats forecast

29 Jul 2025

By Inti Landauro MADRID (Reuters) -Spain’s economic growth accelerated in the second quarter, slightly exceeding expectations and further widening the gap with euro zone peers whose growth remains sluggish at best. Gross domestic product expanded 0.7% in the second quarter from the previous three-month period, when it grew 0.6%, preliminary data from the National Statistics …

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Rating firms say US tariffs alone will not trigger EU sovereign downgrades

29 Jul 2025

By Marc Jones LONDON (Reuters) -The sharp increase in U.S. trade tariffs on the European Union will not trigger immediate sovereign rating cuts, but could compound existing pressures, Fitch and other agencies said on Tuesday, while Moody’s warned of the effect on exporting firms. One of Fitch’s top sovereign analysts, Ed Parker, said the United …

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Deutsche Bank pulls ECB rate cut forecast for 2025, eyes hike as next move

29 Jul 2025

(Corrects traders’ rate cut expectation in paragraph 8) (Reuters) -Deutsche Bank on Tuesday became the latest brokerage to withdraw its forecast for further interest rate cuts by the European Central Bank, while betting the next policy move to be a hike at the end of 2026 following a tariff deal between the U.S. and EU. …

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Air Liquide confirms guidance as energy transition, chip sector boost results

29 Jul 2025

By Olivier Cherfan (Reuters) -French industrial gases group Air Liquide confirmed its margin outlook until 2026 and posted half-year revenue in line with market expectations on Tuesday, reassuring investors after weaker results from other chemical sector players. “The group relies more than ever on diversified growth engines, particularly in the electronics and energy transition sectors,” …

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Siltronic cuts annual revenue guidance, shares fall

29 Jul 2025

By Ozan Ergenay (Reuters) -German semiconductor materials supplier Siltronic on Tuesday lowered its full-year sales guidance and warned on sales in the next quarter, amidst continued weakness in its semiconductor business and high customer inventories. The group now expects sales to be in the mid-single-digit percentage range below the previous year, having previously guided towards …

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Tariffs hit Inchcape’s Asia-Pacific sales, shares drop 10%

29 Jul 2025

(Reuters) -British car distributor Inchcape reported weaker first-half results on Tuesday as U.S. tariffs dampened demand for high-end vehicles in the Asia-Pacific region, hitting sales and sending its shares down almost 10%. The company, which exports cars for global manufacturers across 40 countries, reported a 15% drop in organic revenue at constant currency from the …

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Poland could lose over $2 billion due to US tariffs, PM says

29 Jul 2025

WARSAW (Reuters) -The new U.S. tariffs on European products could cost Poland around 8 billion zlotys ($2.16 billion), according to preliminary estimates, Polish Prime Minister Donald Tusk said on Tuesday.  “The losses will be significant on both sides of the Atlantic, but a tough trade agreement is better than a senseless tariff war between allies,” …

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