Reuters UK Business

Euro zone business activity growth hits 11-month high in July, PMI shows

24 Jul 2025

LONDON (Reuters) -Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc’s dominant services industry and with manufacturing showing further signs of recovery, a survey showed on Thursday.   HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global and seen as a good guide to …

Euro zone business activity growth hits 11-month high in July, PMI shows Read More »

Centrica’s first-half profit falls due to mild weather, lower energy prices

24 Jul 2025

By Nina Chestney LONDON (Reuters) -British Gas owner Centrica said on Thursday its adjusted operating profit halved in the first half of this year, due to mild weather, falling wholesale energy prices and weaker returns from gas storage. The company said its operating profit for the six months ended June 30 fell to 500 million …

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Acerinox books loss in Q2 as trade war hurts European steel market

24 Jul 2025

(Reuters) -Acerinox booked a surprise loss in the second quarter as uncertainty related to U.S. President Donald Trump’s trade war hurt the Spanish steelmaker’s ability to meet forecasts and benefit from planned tax credits in Europe. Although its U.S.-based business gives Acerinox an edge over other European steelmakers coping with the wave of protectionism and …

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Swiss skin care firm Galderma raises sales outlook for 2025, shares jump

24 Jul 2025

ZURICH (Reuters) -Swiss skin care company Galderma on Thursday raised its outlook for 2025 after posting net sales growth of 12.2% during the first six months, driven by double-digit growth in the United States and international markets. Galderma said it expected net sales growth at constant currency to be between 12% and 14% this year, …

Swiss skin care firm Galderma raises sales outlook for 2025, shares jump Read More »

German private sector growth remains tepid in July, PMI shows

24 Jul 2025

By Miranda Murray BERLIN (Reuters) -German business activity continued to grow marginally in July, though at a slightly slower pace than in June, as manufacturing output expanded for a fifth consecutive month and services activity stabilised, a survey showed on Thursday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, fell to …

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Repsol keeps payout target after April blackout hits quarterly profit

24 Jul 2025

By Pietro Lombardi MADRID (Reuters) -Spain’s Repsol confirmed its shareholder payout target on Thursday after second-quarter adjusted profit fell less than expected, despite a 175 million euro ($206 million) hit from a massive blackout in April and other smaller power-supply issues. The April 28 blackout that caused traffic chaos in cities, and left thousands stranded …

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Deutsche Bank beats profit expectations despite deal slump, strong euro

24 Jul 2025

By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Deutsche Bank returned to a better-than-expected profit in the second quarter from a loss a year ago as trading earnings helped offset mixed results at its global investment banking division and a hit from the jump in the euro’s value. The figures on Thursday come midway through …

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German consumer sentiment falls in August as households opt to save, finds GfK

24 Jul 2025

By Miranda Murray BERLIN (Reuters) -German consumer sentiment is set to decline heading into August, marking the second consecutive drop as households increasingly hold back on spending amid persistent economic uncertainty, a survey showed on Thursday The consumer sentiment index, published by the GfK market research institute and the Nuremberg Institute for Market Decisions (NIM), …

German consumer sentiment falls in August as households opt to save, finds GfK Read More »

UK’s Wickes sales jump 7% as design and installation business rebounds

24 Jul 2025

(Reuters) -British home improvement retailer Wickes on Thursday reported a 6.9% rise in second-quarter like-for-like sales that outpaced the previous quarter, as its design and installation business returned to growth and retail revenues grew. The company said it was comfortable with consensus expectations for annual adjusted pre-tax profit of 46.7 million pounds to 51.5 million …

UK’s Wickes sales jump 7% as design and installation business rebounds Read More »

Edison expects to reach upper end of profit guidance in 2025

24 Jul 2025

(Reuters) -Italy’s energy company Edison on Thursday forecast it will achieve the upper end of its 2025 core profit (EBITDA) target at 1.4 billion euros ($1.65 billion), supported by strong cash flow and increased investment in renewable energy. The Italian subsidiary of France’s EDF posted a 736 million euros core profit in the first six …

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