Reuters UK Business

MADRID (Reuters) -Spain’s BBVA could cut up to 2,500 jobs after the acquisition and a subsequent integration of smaller rival Sabadell, newspaper Expansion reported on Wednesday. The preliminary calculations from BBVA would be equivalent to slightly less than 6% of the current combined workforce of around 42,000 employees in Spain, according to unidentified sources cited …

Spain’s BBVA could cut up to 2,500 jobs after Sabadell integration, Expansion says Read More »

STOCKHOLM (Reuters) -Sweden’s financial supervisory authority said on Wednesday it had fined Swedbank 12.5 million crowns ($1.29 million) for violations of security protection regulations between July 2022 and January 2024. “The bank has not complied with rules on how companies that conduct security-sensitive activities should investigate the need for security protection and what a security …

Sweden’s financial watchdog fines Swedbank $1.3 million Read More »

MADRID (Reuters) -Spanish construction giant Ferrovial posted a 19% rise in first-quarter core earnings on Tuesday, driven by strong performance in its toll highway business in the United States. The company reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 309 million euros ($345.8 million), which fell short of the 315 million euros …

Ferrovial’s quarterly core profit rises 19% led by US highways business Read More »

(Reuters) -French newspaper Le Monde entered into a content partnership with U.S.-based artificial intelligence company Perplexity on Wednesday, as AI startups compete for deals with news publications to improve the responses of their products amid intensifying competition. The deal grants Perplexity access to Le Monde’s content to enhance its search engine’s responses, while the newspaper …

France’s Le Monde enters into content partnership with AI startup Perplexity Read More »

FRANKFURT (Reuters) -E.ON, Europe’s largest operator of energy networks, said on Wednesday its first-quarter core profit, or adjusted EBITDA, rose 18% to 3.2 billion euros ($3.58 billion), as network investments paid off. The company also reaffirmed its previous full-year outlook, which was for adjusted earnings before interest, tax, depreciation and amortisation of 9.6 billion to …

E.ON says Q1 adjusted earnings up 18% on boost from network investments Read More »

A look at the day ahead in European and global markets from Rocky Swift Most major equity markets have clawed back loss in the six weeks since U.S. President Donald Trump dropped his tariff bomb, leaving investors now nervously looking to see if more trade deals will follow those the U.S. has sketched out with …

Morning Bid: Markets near even keel amid trade deal hope Read More »

(Reuters) -The EU is preparing to apply much higher tariffs on imports from Ukraine within weeks, hitting Kyiv’s economy at a crucial time in its fight against Russian aggression, the Financial Times reported on Wednesday, citing diplomats. The proposal, recently sent to EU member states, would drastically cut the tariff free quotas of agricultural products …

EU set to impose much higher tariffs on imports from Ukraine, FT reports Read More »