Reuters UK Business Archives - Page 703 of 3179

EBRD lends Moldova 400 million euros for energy security

8 Jul 2025 8 Jul 2025

CHISINAU (Reuters) -The European Bank for Reconstruction and Development announced a 400-million-euro ($468-million) loan on Tuesday to Moldovan state-owned energy trader Energocom for buying gas and electricity reserves on European markets to boost the country’s energy security. The move follows a decision by Russian energy company Gazprom to halt gas deliveries to Moldova this year, …

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France’s EDF to invest $1.5 billion in Britain’s Sizewell C nuclear project

8 Jul 2025 8 Jul 2025

By Susanna Twidale and America Hernandez LONDON/PARIS (Reuters) -French nuclear energy utility EDF will invest around 1.1 billion pounds ($1.5 billion) in the Sizewell C nuclear project in Britain in which it is already a shareholder, the French presidency and British government said on Tuesday. The announcement was made during French President Emmanuel Macron’s state …

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Airbus says it delivered 306 airplanes in first half

8 Jul 2025 8 Jul 2025

(Reuters) -Airbus said on Tuesday it delivered 306 airplanes in the first half of the year, down 5.56% from 323 in the same period of 2024. The world’s largest planemaker also said in a monthly bulletin that it won 494 gross orders in the first six months of 2025, or a net 402 after cancellations. …

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Daimler Truck targets 3-5% organic sales growth in industrial business through 2030

8 Jul 2025 8 Jul 2025

(Corrects paragraph 3-4 to say 20% reduction in German headcount refers to the headquarters and G&A functions (not the whole group). Corrects total headcount reduction in Germany to 14%) (Reuters) -Daimler Truck on Tuesday projected yearly organic revenue growth of 3% to 5% until 2030 in its industrial business, driven by a service push, a …

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UniCredit, BPM shares up on report Italy will have to drop merger conditions

8 Jul 2025 8 Jul 2025

MILAN (Reuters) -Shares in Italy’s second biggest bank UniCredit and its takeover target Banco BPM rose on Tuesday on a media report that said Brussels will order the Italian government to withdraw the conditions it has put on the deal. UniCredit has said the deal cannot go ahead unless the conditions are changed and has …

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Russian firms use netting, gold and crypto in transborder payments, watchdog chief tells Putin

8 Jul 2025 8 Jul 2025

By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russian companies are successfully using netting, gold, and cryptocurrency to facilitate international payments, the head of Russia’s financial watchdog told President Vladimir Putin on Tuesday. Netting involves banks managing export and import payments through verified agents, with transactions centrally balanced to ensure counterparties receive their funds. International …

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European second-quarter corporate profits expected to fall 0.2%

8 Jul 2025 8 Jul 2025

By Javi West Larrañaga and Marleen Kaesebier (Reuters) -The outlook for European corporate health has deteriorated, the latest earnings forecasts showed on Tuesday, as uncertainties over U.S. tariffs continue to complicate business planning. European companies are expected to report a drop of 0.2% year-on-year in second-quarter earnings, on average, according to LSEG I/B/E/S data, below …

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Monzo fined $28 million by UK regulator for inadequate financial crime controls

8 Jul 2025 8 Jul 2025

By Tommy Reggiori Wilkes and Elizabeth Howcroft LONDON (Reuters) -Britain’s financial regulator has fined digital bank Monzo 21 million pounds ($28.57 million) for inadequate protection against financial crime, which included taking on customers who had listed landmarks such as Buckingham Palace as their address. As Monzo grew rapidly, it failed to maintain good enough controls …

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Factbox-Trump tariff talks: the state of play with top trading partners

8 Jul 2025 8 Jul 2025

WASHINGTON (Reuters) -U.S. President Donald Trump has ramped up his trade war this week, threatening sharply higher tariffs on 14 countries starting August 1 as his administration aims to finalize agreements with others. Despite promises to work on 90 deals in 90 days, Trump and his team have been able to complete only a limited …

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Salzgitter soars after Germany clears military use of steel product

8 Jul 2025 8 Jul 2025

(Reuters) -Shares in Salzgitter rose more than 23% in Frankfurt on Tuesday after Germany approved for military use the company’s Secure 500 steel product. Their surge helped the German small-cap SDAX index hit a fresh record high, up 1.2% and outperforming the blue chip DAX index. (Reporting by Danilo Masoni, editing by Samuel Indyk)