Reuters UK Business

Euro zone consumers raise near-term inflation expectations, ECB survey shows

28 May 2025

FRANKFURT (Reuters) -Euro zone consumers raised their inflation expectations in April but kept a steady view on price growth further out, highlighting elevated uncertainty amid a global trade war, the ECB’s Consumer Expectations Survey showed on Wednesday. Households see inflation at 3.1% over the next year, above the 2.9% predicted a month earlier and also …

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Aroundtown’s quarterly profit triples as German property market rebounds

28 May 2025

By Marleen Kaesebier (Reuters) -Aroundtown, one of Germany’s largest-listed landlords, posted a first-quarter profit of 318.6 million euros ($360.21 million) on Wednesday, up three times year-on-year, as German commercial and residential property prices start to recover. The profit, up from 102.3 million euros in the same period in 2024, follows Aroundtown’s return to annual profitability …

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French economy growth confirmed at 0.1% in first quarter

28 May 2025

(Reuters) -France’s economy grew slightly in the first quarter, final data from statistics office INSEE showed on Wednesday, confirming the preliminary reading of 0.1% that showed a rise in companies’ inventories balancing out weak domestic demand and exports. The result was in line with an average forecast in a Reuters poll of 24 economists. French …

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Bank Handlowy to shift focus to corporate banking, sell consumer business

28 May 2025

GDANSK (Reuters) -Bank Handlowy, the Polish arm of Citigroup, has announced a plan to shift its focus towards institutional banking and has agreed to sell its consumer banking business to VeloBank. Bank Handlowy aims to develop its institutional banking activities, which accounted for 72% of bank’s revenue in 2024. The exit from the retail business …

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Pets At Home reports annual underlying profit in line with expectations

28 May 2025

(Reuters) -British retailer Pets At Home on Wednesday reported annual underlying pretax profit in line with its expectations, as elevated costs and weak demand for pet accessories continue to weigh down growth. As living costs still remain elevated, UK consumers have been holding back on discretionary purchases including bringing new pets into their homes, driving …

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Stellantis’ board about to appoint Filosa as new CEO, Corriere says

28 May 2025

ROME (Reuters) -Automaker Stellantis is about to appoint Italian manager Antonio Filosa as its new chief executive, the Corriere della Sera daily reported on Wednesday. According to the daily, which cited unspecified rumours, the company’s board is due to meet in the coming hours to approve the nomination. The new CEO would succeed Carlos Tavares, …

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Signify appoints Tempelman as new CEO

28 May 2025

(Reuters) -Dutch lightmaker Signify has announced the appointment of As Tempelman as its new CEO. Tempelman, previously leader of sustainable energy company Eneco, is scheduled to take over from interim CEO Zeljko Kosanovic on September 1. (Reporting by Leo Marchandon; Editing by Jan Harvey)

Gresham House raises $500 million for its biggest ever forests fund

28 May 2025

By Simon Jessop LONDON (Reuters) -Alternative asset investor Gresham House has raised $500 million for its biggest ever forestry fund, with backing from investors including several British local government pension schemes, an executive told Reuters. Investing in timber has become increasingly popular with asset owners looking for returns uncorrelated with the broader financial markets, and …

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Rio Tinto split with CEO Stausholm over conflicting priorities, sources say

28 May 2025

By Clara Denina, Ernest Scheyder and Melanie Burton (Reuters) -Rio Tinto’s board and Jakob Stausholm agreed to part ways last week amid mounting concerns the CEO was reluctant to follow board priorities, including focusing on costs, after years of expansions in lithium, copper and iron ore, three sources said. Rio, the world’s second-largest listed mining …

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Britain sees 12% spike in fraud cases as banks battle $1.6 billion epidemic

28 May 2025

By Lawrence White LONDON (Reuters) -Britain’s financial sector saw a record 3.31 million fraud cases in 2024, up 12% on the year before, according to data from industry body UK Finance released on Wednesday, as criminals responded to efforts to combat complex scams by ramping up high-volume, low-value attacks. That increase led to a total …

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