Reuters UK Business

Analysis-Kraft Heinz seeks to revive old brands by undoing 2015 mega-merger

21 Jul 2025

By Jessica DiNapoli and Abigail Summerville NEW YORK (Reuters) -Kraft Heinz’s potential spinoff of slower-growing brands such as Velveeta cheese is a risky last-ditch effort to boost returns by reversing its unsuccessful decade-old merger.   The Chicago- and Pittsburgh-based foodmaker is studying a potential spinoff of a large chunk of its grocery business, including many Kraft …

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Sterling inches up against euro, dollar but remains near multi-week lows

21 Jul 2025

LONDON (Reuters) -The British pound edged higher against the dollar and euro on Monday, but remained close to the multi-week lows it reached against both currencies last week as investor attention remains on Bank of England policy and the deteriorating fiscal picture. The pound was up 0.3% against the dollar at $1.3452, just above last …

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Russia’s Severstal blames high rates and low prices for 55% Q2 profit plunge

21 Jul 2025

MOSCOW (Reuters) -Severstal, one of Russia’s top steelmakers, blamed the high key interest rate for a 15% drop in demand for metals in the first half of 2025, which, along with low prices, resulted in a 55% fall in the company’s net profit in the second quarter. Last year, the central bank hiked its key …

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Euro zone firms upbeat but feel impact of trade tensions, ECB survey shows

21 Jul 2025

FRANKFURT (Reuters) -Euro zone firms remain optimistic about their growth prospects but are also experiencing pressure on their profits, in part due to trade tensions, an ECB survey showed on Monday. Euro zone growth has been lukewarm in recent years as a long expected recovery has proved elusive but businesses continue to maintain high employment …

Euro zone firms upbeat but feel impact of trade tensions, ECB survey shows Read More »

IFX Payments mulls withdrawing takeover offer for UK’s Argentex

21 Jul 2025

(Reuters) -Cross-border payments provider IFX Payments said on Monday that it is considering withdrawing its takeover offer for Argentex, just days after the British currency risk management company appointed administrators due to a funding shortfall. Argentex, one of the early casualties of market turbulence sparked by trade tensions, said on Friday that it had decided …

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UK consumer sentiment suffers first big fall in nearly 3 years, Deloitte says

21 Jul 2025

By David Milliken LONDON (Reuters) -British consumer sentiment had a marked fall for the first time in nearly three years last month, reflecting increased worries about job security, a Deloitte survey showed on Monday. Deloitte said its consumer confidence index dropped by 2.6 percentage points to 10.4% in the second quarter, its lowest since the …

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Analysis-Europe’s chemical industry seeks a lifeboat to stay in business

21 Jul 2025

By Francesca Landini, Pietro Lombardi, Mohi Narayan and Arathy Somasekhar MILAN/NEW DELHI/HOUSTON (Reuters) -Europe’s petrochemical industry is unravelling under a wave of plant closures after years of losses and a rapid expansion of global capacity led by China. High production costs and ageing plants have left European producers struggling, making the region increasingly dependent on …

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Macquarie to buy 12,000 student beds in Europe real estate push

21 Jul 2025

By Iain Withers LONDON (Reuters) -Australian finance giant Macquarie has agreed to buy two student housing businesses in Europe that manage over 12,000 beds, in the latest sign of overseas investors pushing into the sector. Macquarie will buy two specialist student housing investment platforms – MILESTONE and BaseStack Living – for an undisclosed fee, the …

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