By Indradip Ghosh BENGALURU (Reuters) -A steady outlook for the euro zone economy remains intact, at least for now, according to most economists in a Reuters poll, despite a recent U.S. threat of a 30% tariff on European Union goods. The EU has warned of retaliatory measures if a deal is not reached before U.S. …
Euro zone economy, ECB outlook steady despite US tariff threats: Reuters poll Read More »
By Elviira Luoma (Reuters) -Nordea Bank, the Nordic region’s biggest lender, reported second-quarter operating earnings just above market expectations on Thursday, even as its net interest income fell due to lower interest rates. The results landed alongside stronger profit beats from Swedish rivals Swedbank and SEB, whose interest incomes were also affected by central banks’ …
Nordea posts small profit beat as rate cuts weigh on interest income Read More »
(In July 16 story, corrects graphic and attribution for the number of nationwide holidays in France, paragraph 10) (Reuters) -French Prime Minister Francois Bayrou on Tuesday proposed to cut two public holidays to drive economic growth as part of a plan to overhaul the country’s debt-laden finances. The headline-grabbing proposal stirred outcry in the European …
LONDON (Reuters) -The pound strengthened against the euro on Thursday, after data showed that a cooling in the British labour market, which had alarmed some policymakers, now appears less acute than the previous report had suggested. The euro was last down 0.22% on the pound at 86.52 pence, as the data reduced pressure on the …
Sterling strengthens against euro after job market data Read More »
(Corrects April revised figure to 5.3%, not 5.4%, in first bullet point and paragraph 2) By David Milliken and Suban Abdulla LONDON (Reuters) -British pay growth slowed in May and employee numbers dropped further last month, but the cooling in the labour market which had alarmed some policymakers appeared less acute than previous data had …
UK wage growth slows but job losses ‘less alarming’ Read More »
By Vera Dvorakova -Swedish hygiene products maker Essity reported second-quarter earnings that were below market expectations on Thursday, citing a weak economy and an uncertain environment. The maker of Libresse feminine products and Tena incontinence pads said its adjusted operating profit before amortisation (EBITA) fell to 4.7 billion Swedish crowns ($482.9 million) from 5.2 billion …
Essity reports quarterly earnings below market hopes Read More »
By James Davey LONDON (Reuters) -Ocado’s priority is to generate cash in its next financial year, the high-spending British online supermarket and technology group said on Thursday, as it reported a 77% rise in first-half underlying earnings, sending its shares higher. The group runs an online supermarket through a joint venture with Marks & Spencer, …
Britain’s Ocado says priority is to turn cash flow positive in 2025/26 Read More »
By John Revill ZURICH (Reuters) -Swiss engineering group ABB reported on Thursday its highest-ever quarterly order intake, helped by surging demand from the United States and for products used in data centres being built to support artificial intelligence. Orders in the United States, the company’s biggest market, jumped 37% in the second quarter, outpacing a …
ABB posts record orders on booming US and data centre demand Read More »
By Yadarisa Shabong (Reuters) -Frasers Group reported lower-than-expected annual revenue on Thursday as the British retailer grappled with a tough luxury market and took a hit from closures of unprofitable stores, sending its shares 5% lower. The retailer, majority-owned by British businessman Mike Ashley, said recent sales have been encouraging, though, as consumer confidence has …
Mike Ashley’s Frasers’ revenue misses expectations, shares fall Read More »
By Marleen Kaesebier and Isabel Demetz (Reuters) -Swatch’s sales fell more than expected in the first half of 2025, the company said on Thursday, as the Swiss watchmaker faced continued weakness in its key market China. The maker of Omega, Longines and Tissot, along with its plastic Swatch watches, said its half-year sales fell 7.1% …
Swatch sales miss estimates, hit by low demand in China Read More »
