Reuters UK Business

Robert Walters expects hiring markets to stay weak after fee income falls

15 Jul 2025

(Reuters) – British recruiter Robert Walters does not expect hiring markets to improve in the near term, it said on Tuesday, after “more pronounced” macroeconomic uncertainty led to a 13% decline in the income it earns from fees in the second quarter. The company’s update reflects a continuing downturn across the recruitment industry as concerns …

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Russian court hands US-owned food company’s assets to the state

15 Jul 2025

(Corrects spelling of Alexander Tkachev’s name.) (Reuters) -A Moscow court has ruled that the assets of U.S.-owned canned food company Glavprodukt be handed over to the Russian state, the TASS news agency reported late on Friday, following a months-long legal tussle over the company.  One participant in the court proceedings, who declined to be named, …

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Discount retailer B&M’s shares plunge as quarterly UK growth disappoints

15 Jul 2025

(Reuters) -Discount retailer B&M on Tuesday reported its first like-for-like quarterly revenue growth in over a year in its main UK market, but slower-than-expected gains sent shares tumbling to their lowest since April 2020. While favourable weather boosted demand for garden and outdoor products and the April Easter pushed some of B&M’s sales into the …

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TomTom lifts floor of 2025 guidance as automotive business drives Q2 beat

15 Jul 2025

By Mathias de Rozario (Reuters) -Dutch digital mapping specialist TomTom lifted the bottom end of its 2025 revenue guidance on Tuesday, after a better than expected performance in its core automotive business helped it beat market estimates in the second quarter. The location data pioneer, which started by providing a navigational tool for turn-by-turn directions, …

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Global EV sales jump 24% in June though North American market struggles, research firm says

15 Jul 2025

By Alessandro Parodi (Reuters) -Global sales of electric and plug-in hybrid vehicles jumped 24% in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market research firm Rho Motion said on Tuesday. Still, EV sales in the United States were down 1% in the month and will …

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Thyssenkrupp Nucera slightly raises EBIT outlook for 2024-25 financial year

15 Jul 2025

BERLIN (Reuters) -German hydrogen group Thyssenkrupp Nucera specified its sales outlook for the current 2024-2025 financial year on Tuesday and slightly rose its profit expectations for the period. The group now anticipates sales between 850 million euros ($993.23 million) and 920 million euros for the financial year, with incoming orders at 63 million euros for …

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Credit data firm Experian posts quarterly revenue growth, reaffirms annual forecast

15 Jul 2025

(Reuters) -Credit data company Experian reported an 8% organic revenue growth in the first quarter on Tuesday and maintained its annual forecasts, supported by strong demand for its broad data services across markets. The company continues to expect organic revenue growth of 6% to 8% and total revenue growth of 9% to 11% for the …

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Bank of England eases capital requirements for midsize banks

15 Jul 2025

LONDON (Reuters) -Britain’s central bank confirmed a previously signposted easing of capital requirements for medium-sized lenders on Tuesday, as part of a wider set of reforms aimed at boosting the country’s financial sector. The Bank of England increased the minimum asset threshold at which banks have to issue expensive debt known as MREL, so that …

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StanChart’s China securities unit CEO departs 16 months after launch, sources say

15 Jul 2025

By Selena Li HONG KONG (Reuters) – The chief executive of Standard Chartered’s China securities unit has left the firm – a departure that comes about 16 months after the launch of the business, two sources with knowledge of the matter said. Grace Geng, the unit’s first CEO, left this month, they added. Reuters was …

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Morning Bid: US earnings to shed light on tariff impact

15 Jul 2025

A look at the day ahead in European and global markets from Rocky Swift With markets largely inured to an ever-changing tariff picture, the spotlight turns to Wall Street earnings for clues on how the trade drama is affecting corporate bottom lines. JPMorgan Chase, Wells Fargo and Citigroup are among heavyweights reporting second-quarter results today.  …

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