Reuters UK Business

MILAN (Reuters) -Truck and bus maker Iveco Group said on Thursday it will press ahead with a plan to spin off or sell its defence business, as results fell short of expectations in the first quarter, with a 42% contraction of its operating profit. The Italian manufacturer said that in the January-March period adjusted operating …

Iveco to proceed with spinoff of defence unit as results miss expectations Read More »

By Leo Marchandon (Reuters) -VEON, the parent company of Ukraine’s Kyivstar and Pakistan’s Jazz, reported a 9% rise in quarterly revenue to $1 billion, as more consumers picked up its digital services despite the conflicts in Ukraine and Pakistan. Kyivstar and Jazz are the largest mobile operators in Ukraine and Pakistan, respectively. VEON reported an …

Kyivstar parent VEON revenue surges, boosted by digital services Read More »

By Marleen Kaesebier and Maria Rugamer (Reuters) -Deutsche Telekom reported first-quarter core profit slightly above analyst expectations on Thursday and nudged up its full-year guidance, helped in part by a stronger dollar. The Germany-based telecoms group reported quarterly adjusted earnings before interest, taxes, depreciation and amortisation after leases (EBITDA AL) of 11.3 billion euros ($12.7 …

Deutsche Telekom first-quarter profit slightly above expectations Read More »

(Reuters) -Insurer Aviva’s general premiums rose by 9% in the first quarter, it reported on Thursday, saying its deal to buy the Probitas platform and new business had driven growth in personal and commercial lines in Britain. However, the company, which also provides wealth and retirement services, said its wealth business recorded net flows of …

UK’s Aviva reports 9% rise in first-quarter general insurance premiums Read More »

LONDON (Reuters) -Britain’s ITV reported a first-quarter performance in line with guidance and said while it was assessing the impact of tariffs, it did not expect its television-making unit to be hit by U.S. President Donald Trump’s proposed film levies. For the first quarter, the group, which is made up of two units, said its …

UK’s ITV assessing US tariffs after in line first quarter Read More »

By Isabel Demetz and Cian Muenster (Reuters) -German premium beauty products retailer Douglas reported a 16% fall in second-quarter adjusted core profit on Thursday, citing continuing weak consumer sentiment. Its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) dropped to 122.4 million euros (about $137 million) in the quarter, though it came in above …

German beauty products retailer Douglas’ Q2 core profit hit by weak spending Read More »

By Mathias de Rozario and Noemie Naudin (Reuters) – France’s Vallourec reported a 3% drop in its first quarter core profit on Thursday, as lower steel tube prices in North America weighed on its business despite continuing to improve from the prior quarter. The steel tube maker’s operating earnings before interest, taxes, depreciation and amortization …

Vallourec’s Q1 core profit drops, rebound still expected in second half of 2025 Read More »