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Sorrell’s S4 Capital cuts annual revenue forecast as tech clients stay cautious

4 Jun 2025

(Reuters) -Martin Sorrell’s ad group S4 Capital said on Wednesday it expects annual like-for-like net revenue to decline by low single digits, as tech clients remain cautious amid a weaker global economy and U.S. tariffs. The company had previously expected 2025 revenue and operational core earnings to be broadly similar to 2024. S4, which generates …

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Russian services sector sees fastest growth since January in May, PMI shows

4 Jun 2025

(Reuters) – Russia’s services sector expanded in May at the quickest pace since January, driven by stronger demand and new orders, even as firms reduced their workforce numbers, a business survey showed on Wednesday. The S&P Global Purchasing Managers’ Index (PMI) for Russia’s services sector rose to 52.2 last month from 50.1 in April, moving …

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Monte dei Paschi’s bid for Mediobanca lacks industrial logic, Generali CEO says

4 Jun 2025

ROME (Reuters) -Monte dei Paschi di Siena’s (MPS) bid for Mediobanca makes no industrial sense, the chief executive of insurer Generali said in an interview on Wednesday, adding that the bid was aimed at taking charge of his company. “The industrial logic is not clear, many have expressed doubts” (about the offer), Generali CEO Philippe …

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Dutch car sharing firm adds Renault EVs capable of powering local grid

4 Jun 2025

By Anna Hirtenstein and Gilles Guillaume LONDON/PARIS (Reuters) -Dutch car sharing firm MyWheels will plug in the first of 500 grid-connectable Renault EVs to its fleet in the Netherlands this week, expanding the number of vehicles in Europe capable of strengthening the power grid as the technology gains traction. Vehicle-to-grid technology, known as V2G, allows …

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Airlines must ink long-term deals on greener fuels to boost volumes: Bayer exec

4 Jun 2025

MONTREAL (Reuters) -Airlines need to reach long-term agreements to buy bigger quantities of sustainable aviation fuel if they want to boost global volumes of the lower-emission fuel required for industry climate targets, a Bayer executive said on Tuesday. Airline members of the International Air Transport Association are sticking to a target of net zero emissions …

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Warner Bros Discovery shareholders reject 2024 executive pay

4 Jun 2025

(Reuters) -A majority of Warner Bros Discovery shareholders voted against the 2024 pay packages of CEO David Zaslav and other top executives at the media conglomerate’s annual stockholder meeting, a Tuesday regulatory filing showed. The board of directors had recommended shareholders to vote in favor of the 2024 executive compensation; however, more than 59% of …

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US skips hike in UK steel and aluminum tariffs as both countries eye quick trade deal

4 Jun 2025

By Alistair Smout and Andrea Shalal LONDON/WASHINGTON (Reuters) -The United States on Tuesday announced it would skip doubling steel and aluminum tariffs for Britain, hours after the UK government said the two countries agreed on the need to implement a tariff relief deal as soon as possible. The U.S. announcement, which exempts British steel and …

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