Reuters UK Business Archives - Page 613 of 3179

UK interior designer Colefax posts higher profit as US buyers rush to beat tariffs

29 Jul 2025 29 Jul 2025

(Reuters) -International interior designer Colefax Group reported a 15% rise in annual pre-tax profit on Tuesday, mainly boosted by U.S. customers rushing to place fabric orders ahead of tariffs. “Whilst our core Fabric Division business continues to perform well, we remain cautious about prospects and in particular the impact of higher tariff costs, a weaker …

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Spain retail sales rise 6.2% year-on-year in June

29 Jul 2025 29 Jul 2025

(Reuters) -Spanish retail sales rose 6.2% in June from a year earlier on a calendar-adjusted basis and excluding the effects of inflation, after rising by a revised 5.0% in May, the National Statistics Institute (INE) said on Tuesday. May’s figure was revised up from a preliminary increase of 4.8%, INE said. (Reporting by Mireia Merino; …

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EU’s $250 billion-per-year spending on US energy is unrealistic

29 Jul 2025 29 Jul 2025

By Kate Abnett and Arathy Somasekhar BRUSSELS/HOUSTON (Reuters) -The European Union’s pledge to buy $250 billion of U.S. energy supplies per year is unrealistic because it would require the redirection of most U.S. energy exports towards Europe and the EU has little control over the energy its companies import. The U.S. and EU struck a …

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Unicaja sees gradual recovery lending income as profit beats forecasts

29 Jul 2025 29 Jul 2025

By Jesús Aguado MADRID (Reuters) -Spain’s Unicaja on Tuesday forecast a gradual recovery in lending income in 2025 after a rise in fees also helped the lender beat profit forecasts in the second quarter. The country’s sixth-biggest bank said it expected net interest income — a measure of earnings on loans minus deposit costs –, …

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Heidelberger Druck enters defence sector with Vincorion partnership

29 Jul 2025 29 Jul 2025

(Reuters) -German offset printing presses maker Heidelberger Druckmaschinen will enter the defence sector through a cooperation deal with defence tech specialist Vincorion, it said in a statement on Tuesday. Vincorion, headquartered near Hamburg, develops, among other things, an emergency power generator for the Eurofighter, Europe’s flagship fighter jet. Heidelberger said it will be “developing, industrialising, …

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Endesa reports 30% profit rise but warns Spain’s grid plan lacks incentives

29 Jul 2025 29 Jul 2025

MADRID (Reuters) -Spanish power utility Endesa reported on Tuesday a 30% rise in first-half net profit to 1.04 billion euros ($1.20 billion), while warning that a proposed remuneration framework for power grid investments in Spain fails to offer adequate incentives. The company, majority-owned by Italy’s Enel, has shifted its focus to expanding and upgrading power …

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Investment fund EQT aims to acquire Japan’s Fujitec for $2.6 billion, Nikkei says

29 Jul 2025 29 Jul 2025

TOKYO (Reuters) -European investment fund EQT has decided to acquire Japanese elevator maker Fujitec through a tender offer worth more than 400 billion yen ($2.6 billion), the Nikkei business daily reported on Tuesday. Fujitec has been the target of activist investors, notably Hong Kong-based Oasis Management, which is currently its top shareholder with a stake …

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Russia’s Yandex rebounds from loss to post Q2 profit growth

29 Jul 2025 29 Jul 2025

(Reuters) -Russian internet giant Yandex bounced back from a first-quarter net loss to report a 34% year-on-year rise in second-quarter adjusted net profit to 30.4 billion roubles ($374.61 million), the company said on Tuesday. Following a lengthy split from its Nasdaq-listed Dutch parent company in 2024, Yandex, which had always prioritised growth over dividends, announced …

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Sika first half results hit by dollar weakness

29 Jul 2025 29 Jul 2025

By John Revill ZURICH (Reuters) -Sika gave a more cautious full-year sales guidance on Tuesday after a weaker dollar weighed on the Swiss construction chemical maker’s first-half sales and profit. The company, which makes products used to strengthen and waterproof walls and floors, became the latest firm to flag the dollar’s impact on results, following …

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UK regulator proposes $84 million penalty against Anglian Water

29 Jul 2025 29 Jul 2025

(Reuters) -British water regulator Ofwat proposed on Tuesday a 62.8 million pound ($83.9 million) enforcement package on water utility Anglian Water, to be paid by the company and its shareholders, over failures to maintain its wastewater treatment network. “Our investigation has found failures in how Anglian Water has operated and maintained its sewage works and …

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