Reuters UK Business

(This story has been corrected to fix the spelling of the company name in the headline, and to add a dropped word ‘to,’ in paragraph 3) MADRID (Reuters) -Grifols’s net profit almost tripled from a year earlier, which the Spanish drugmaker said reinforced its confidence in meeting its full-year guidance. Reported group profit grew by …

Grifols says on course to meet 2025 outlook as net profit triples Read More »

BERLIN (Reuters) -Germany’s network regulator on Monday started a formal process to rethink the electricity grid fee structure, aiming for a system better suited to renewable energy. Fees for using the power network already make up around 20% of consumer bills in Germany, contributing to energy prices that are among the highest in Europe, hurting …

Germany proposes grid fee overhaul to better suit renewables Read More »

By David Milliken LONDON (Reuters) -Bank of England policymaker Alan Taylor said on Monday that he voted for a half-point rate cut last week – in defiance of the majority on the Monetary Policy Committee – because of a “quite perilous” trade situation as well as weakening domestic demand. Last week the BoE voted 5-4 …

BoE’s Taylor says ‘perilous’ trade situation justified half-point rate cut vote Read More »

(Reuters) -Apple is weighing price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to U.S. tariffs on imports from China, where most of its devices are assembled, the Wall Street Journal reported on Monday. The technology giant’s shares were up 7% in premarket trading, tracking gains in the …

Apple considers raising iPhone prices, WSJ reports Read More »

MILAN (Reuters) – Italian ceramics billionaire Romano Minozzi has emerged as a significant shareholder in the Italian energy group Eni with a stake of just over 3%, regulatory filings showed on Monday. He held 3.095% of the company as of May 5, market regulator Consob said. Minozzi, one of the founders of multinational group Iris …

Italian ceramics billionaire Minozzi acquires 3% stake in Eni Read More »

By Sukriti Gupta and Purvi Agarwal (Reuters) -European shares started the week on a positive note on Monday after the United States and China agreed to temporarily slash tariffs, providing some relief to global markets roiled by the trade war. The U.S. will cut extra tariffs on Chinese imports to 30% from 145% and Chinese …

European shares close higher after Sino-US tariff deal relieves markets Read More »

(This May 2 story has been corrected to amend the value of the deal to $3.1 billion, from 3.1 billion euro, in paragraph 1) BRUSSELS (Reuters) – EU antitrust regulators will decide by June 10 whether to clear European satellite company SES’s $3.1 billion acquisition of Intelsat, according to a filing on the European Commission …

EU antitrust regulators to decide on SES, Intelsat deal by June 10 Read More »

By Sriparna Roy and Joel Jose (Reuters) -Shares of U.S. drugmakers rebounded on Monday after an initial selloff as analysts said that President Donald Trump’s sweeping executive order to slash prescription drug prices would be difficult to implement and face legal challenges. Trump signed a wide-reaching executive order on Monday directing drugmakers to lower the …

Pharma stocks recover from initial shock of Trump’s drug pricing order Read More »

By Stefano Rebaudo (Reuters) -Euro area benchmark Bund yields hit a fresh one-month high and markets reduced bets on European Central Bank interest rate cuts on Monday as an easing in trade and geopolitical tensions allayed concerns about economic growth. Remarks from ECB board member Isabel Schnabel also supported a reduction of bets on future …

Markets reduce bets on ECB rate cuts after US-China talks, Schnabel remarks Read More »