Reuters UK Business

Russian fertilizer producers target 25% global market share by 2030, lobby group says

17 Jul 2025

MOSCOW (Reuters) -Russian fertilizer producers are expected to raise their global market share to 25% by 2030, up from 20%, despite an EU ban on Russian imports, as they pivot sales to BRICS nations, the head of the industry lobby told President Vladimir Putin on Thursday. The European Union has imposed new tariffs on Russian …

Russian fertilizer producers target 25% global market share by 2030, lobby group says Read More »

Novartis nudges up 2025 outlook, no effect from US tariff threat

17 Jul 2025

By Miranda Murray and Patricia Weiss BERLIN (Reuters) -Swiss drugmaker Novartis nudged up its full-year earnings forecast on Thursday, citing strong second-quarter sales of key drugs such as Kisqali, and said potential new U.S. tariffs would not affect its 2025 guidance. The company is facing the possibility of steep U.S. tariffs on drugs, though CEO …

Novartis nudges up 2025 outlook, no effect from US tariff threat Read More »

Trelleborg lags profit estimates as Trump’s trade war weighs on demand

17 Jul 2025

(Reuters) -Swedish engineering group Trelleborg missed market forecasts for second-quarter core earnings on Thursday, as U.S. President Donald Trump’s trade war made customers cautious to place new orders, although it said business activity improved towards the end of the quarter. WHY IT’S IMPORTANT Trelleborg, which has more than 100 manufacturing facilities around the world, including …

Trelleborg lags profit estimates as Trump’s trade war weighs on demand Read More »

US tariffs would eat up German growth this year and next, Bundesbank chief says

17 Jul 2025

By Maria Martinez DURBAN, South Africa (Reuters) -The Bundebank expects growth of 0.7% in Germany in 2026 but this could be eaten up if U.S. tariffs of 30% threatened by President Donald Trump were implemented, the central bank’s President Joachim Nagel told Reuters in an interview. “If tariffs materialise in August, a recession in Germany …

US tariffs would eat up German growth this year and next, Bundesbank chief says Read More »

Sweden’s EQT secures $11.4 billion commitments for its new Asia fund

17 Jul 2025

SINGAPORE (Reuters) -Sweden’s EQT has received commitments totaling $11.4 billion for its new Asia-focused buyout fund, with the fundraising expected to end before year-end and hit an upper limit or hard cap of $14.5 billion in 2026, the investment firm said on Thursday. EQT activated its ninth regional private equity fund – BPEA Private Equity …

Sweden’s EQT secures $11.4 billion commitments for its new Asia fund Read More »

Australia’s Macquarie Asset Management raises $4.1 billion for European infrastructure debt fund

17 Jul 2025

(Reuters) -The asset management arm of the Macquarie Group said on Thursday that it has raised 3.5 billion euros ($4.06 billion) for its European infrastructure debt fund. Macquarie Asset Management said 1.2 billion euros was raised into its Macquarie European Infrastructure Debt Fund (MEID), with the remaining amount raised through separately managed funds. MEID, Macquarie’s …

Australia’s Macquarie Asset Management raises $4.1 billion for European infrastructure debt fund Read More »

Ocado upbeat on Kroger relationship despite management change

17 Jul 2025

By James Davey LONDON (Reuters) -Ocado, the British online supermarket and technology group, is confident its U.S. grocery partner Kroger will opt to grow its e-commerce business despite a recent change in management, Ocado’s boss said on Thursday. Ocado struck a deal with Kroger in 2018 to help the U.S. firm ratchet up its delivery …

Ocado upbeat on Kroger relationship despite management change Read More »

Swedish lockmaker Assa Abloy’s Q2 profit beats expectations in challenging market

17 Jul 2025

By Greta Rosen Fondahn STOCKHOLM (Reuters) -Sweden’s Assa Abloy reported better-than-expected quarterly profits on Thursday, crediting strong demand for upgrades in a challenging market, and the world’s top lockmaker said it would keep fully compensating for tariff-related costs. Its shares rose 6.5% by 0940 GMT, nearly erasing a year-to-date drop. CEO Nico Delvaux told analysts …

Swedish lockmaker Assa Abloy’s Q2 profit beats expectations in challenging market Read More »

Britain’s OVO Energy to launch new renewables arm to modernise wind farms

17 Jul 2025

LONDON (Reuters) -British energy supplier OVO Energy said on Thursday it plans to launch a new renewable energy arm to help modernise existing ageing onshore wind farms to prolong their lifespan and boost output. OVO Renewables will have an initial investment of hundreds of millions of pounds and the first phase of modernisation could delver …

Britain’s OVO Energy to launch new renewables arm to modernise wind farms Read More »

South Korea wins UK appeal over arbitration ruling in Samsung merger case

17 Jul 2025

LONDON (Reuters) -South Korea on Thursday won its latest appeal in its dispute with U.S. hedge fund Elliott over the 2015 merger of two affiliates of Samsung, shortly after the electronics group’s Chairman Jay Y. Lee was cleared by South Korea’s top court. The South Korean government was ordered to pay Elliott around $100 million …

South Korea wins UK appeal over arbitration ruling in Samsung merger case Read More »

Close Bitnami banner
Bitnami