By Sarah Young and Paul Sandle LONDON (Reuters) -Britain is expected to set out measures to fix its broken water sector on Monday as Thames Water teeters on the brink of failure, saying it needs a “reset” of regulation to have any chance of avoiding nationalisation. The country’s biggest water company has been fighting for …
UK to set out water reforms as Thames Water faces crisis Read More »
(Fixes to change case of champagne in headline and paragraph 3) VERZENAY(Reuters) -Champagne producers in northeastern France need to find new markets after U.S. President Donald Trump threatened 30% tariffs on EU exports, the chairman of a French industry group said, suggesting Brazil, Southeast Asia and South Africa as options. The U.S. is the biggest …
Trump’s tariffs threaten to take the fizz out of champagne’s crucial US market Read More »
By Raechel Thankam Job (Reuters) -British engineer Senior Plc will sell its Aerostructures business to private equity investor Sullivan Street Partners for up to 200 million pounds ($269 million), it said on Friday, sending shares 19% higher. Senior, which supplies to Boeing and Airbus, said it would use part of the sale proceeds to cut …
UK’s Senior Plc to sell Aerostructures business, shares soar Read More »
BUCHAREST (Reuters) -German arms maker Rheinmetall is in talks with a Romanian state company over a possible joint venture for an ammunition factory, Romania’s President Nicusor Dan said on Friday. “At this moment there are advanced negotiations between Rheinmetall and the Medias factory for a joint venture on munitions,” he said in a news conference …
MILAN (Reuters) -Piergiorgio Peluso, Chief Financial Officer of motorway operator Autostrade per l’Italia, is set to take over the top finance job at Telecom Italia (TIM), two sources told Reuters on Friday. Peluso, 57, previously served as TIM’s CFO for seven years until 2019. He will rejoin the former phone monopoly next month, the people …
Autostrade CFO Peluso to return to Telecom Italia as finance chief, sources say Read More »
BERLIN (Reuters) -Porsche CEO Oliver Blume has initiated negotiations on another round of cost-cutting measures to help the German carmaker cope with challenges in China and the U.S. tariff dispute, according to a letter seen by Reuters on Friday. “In the second half of 2025, employer and employee representatives will negotiate a second structural package …
Porsche CEO Blume initiates talks on another savings programme Read More »
(Removes reference to Volta brand in paragraph 2) By Greta Rosen Fondahn STOCKHOLM (Reuters) -Home appliances maker Electrolux missed expectations for second-quarter underlying profit on Friday due to weak demand in Europe, sending its share price down 16%. Operating profit at the Swedish group, whose brands also include Frigidaire and AEG, totalled 797 million crowns …
Electrolux faces tough European market as Q2 underlying profit disappoints Read More »
By Paolo Laudani (Reuters) -German chemicals company Wacker Chemie on Friday cut its sales outlook for the 2025 financial year, pointing to weak customer demand stemming from global economic and trade policy uncertainty. “There are no signs of a recovery so far,” said Chief Executive Christian Hartel in a statement. Wacker, which supplies polysilicon for …
Wacker Chemie cuts guidance amid prolonged tariff uncertainty Read More »
(Reuters) -U.S. brokerage firm Charles Schwab said on Friday its profit rose nearly 60% in the second quarter, driven by robust trading activity and increased asset management fees. Shares of Charles Schwab, which have gained nearly 26% in 2025, rose 2.5% in premarket trading. Market uncertainty from President Trump’s broad tariff measures sparked heightened volatility …
Charles Schwab profit surges on trading boom, asset growth Read More »
By Tassilo Hummel and Lisa Jucca PARIS/MILAN (Reuters) -Luxury group Kering’s partner in Valentino was quick to rule out a newspaper report on Friday that the two were considering selling the Italian fashion label. But that could be just the move that incoming Kering CEO Luca de Meo needs to reset the debt-laden Gucci owner …
Analysis-For new Kering CEO, offloading Valentino would be tough but smart reset Read More »
