Reuters UK Business

By Leigh Thomas PARIS (Reuters) -French Prime Minister Francois Bayrou has to convince opposition Socialist lawmakers in the coming months to tolerate his 44 billion euro budget squeeze or he faces the risk of being toppled. Bayrou is bringing his 2026 budget to a fractured parliament where hard-left and far-right parties threaten no-confidence motions against …

Explainer-French PM aims to soften opposition to his budget to avert new crisis Read More »

By Jesus Calero and Vera Dvorakova (Reuters) -Sweden’s engineering giants are feeling the strain as currency swings and uncertainty around tariffs weigh on their profits, second-quarter earnings from some of the region’s biggest industrial players showed. At first glance, activity levels remained healthy, but a weaker U.S. dollar impacted companies this quarter, chipping away at …

Nordic Industrials flag FX bruises as dollar dents Q2 profits Read More »

(Reuters) -Swedish industrial group Atlas Copco reported on Friday a second-quarter adjusted operating profit below market expectations and a decline in orders, sending its shares down 7%. Operating profit, before items affecting comparability, fell to 8.41 billion Swedish crowns ($870.30 million) for the April-June period against a year-earlier 9.79 billion crowns. Analysts were expecting 8.66 …

Atlas Copco shares fall 7% after Q2 profit miss and order decline Read More »

By Maria Martinez DURBAN, South Africa (Reuters) -German Finance Minister Lars Klingbeil made clear in a meeting with his counterparts from the Group of Seven major economies on Friday that the global trade conflict must be ended quickly, he told reporters. “But I also want to say very clearly: There will be no deal at …

Tariff war must end quickly, German finance minister tells G7 partners Read More »

LONDON (Reuters) -The pound was set to finish the week down on the dollar and a fraction stronger against the euro as traders digested data that caused analysts to pare back expectations of near-term Bank of England easing and worry about longer-term economic prospects. Sterling was last up 0.27% on the day against the dollar …

Pound mixed at end of busy data week, BoE policy top of mind for traders Read More »

By Elvira Pollina and Giulia Segreti ROME (Reuters) -Italy’s Fincantieri is poised to appoint Eugenio Santagata, a former army official and top executive at Telecom Italia’s cybersecurity unit Telsy, to head its defence division, two sources familiar with the matter told Reuters. The shipbuilder is working to position its defence business and submarine arm to …

Fincantieri set to pick Telecom Italia’s cybersecurity boss to head defence unit, sources say Read More »