Reuters UK Business

By Matthias Inverardi and Anastasiia Kozlova (Reuters) -German chemicals group Evonik Industries reported first-quarter core profit above market expectations and confirmed its outlook for 2025 on Monday, aided by its shift towards high-margin growth businesses and cost discipline. The company posted a 7% rise in its adjusted operating earnings before depreciation and amortisation (EBITDA) to …

Evonik beats core profit expectations in 1st quarter, confirms guidance Read More »

A look at the day ahead in European and global markets from Wayne Cole. Take your pick from “substantial progress”, “constructive”, “an important first step”, “reached important consensus”, “good news for the world”, and easily the best: “As we say back in China, if the dishes are delicious, the timing doesn’t matter”. All were uttered …

Morning Bid: The devil’s in the lack of detail Read More »

By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group is expected to book a quarterly net loss of 26.9 billion yen ($184.4 million) on Tuesday as early-stage tech startups fell out of favour and losses widened at major portfolio firms. The forecast downgrades are seen by analysts as being partially offset by a stronger …

SoftBank Group seen booking modest fourth quarter loss as Vision Fund suffers Read More »

OSLO (Reuters) -Norway’s wealth fund, the world’s largest, has sold all its fixed income investments in Mexican state oil firm Pemex, it said on Sunday, citing what it called an unacceptable risk that the company is involved in corruption. The fund’s ethics watchdog, the Council on Ethics, said “its investigations have revealed that Pemex may …

Norway’s wealth fund sells all its fixed income from Mexico’s Pemex due corruption risk Read More »

(Reuters) -Norway’s $1.8 trillion sovereign wealth, the world’s largest, has decided to revoke its exclusion on German utility RWE, fund operator Norges Bank Investment Management said on Sunday. In 2020, Norway’s sovereign wealth fund had excluded RWE, alongside Glencore, Anglo American, Sasol and AGL Energy, for the use and production of coal under updated ethical …

Norway wealth fund revokes exclusion on Germany’s RWE Read More »

LONDON (Reuters) – London’s Stansted Airport was hit by IT problems on Sunday that left hundreds of passengers stuck in long queues outside and inside the terminal building and caused delays to flights. The technical problems, which affected check-in, baggage and security operations, were later resolved, but flights continued to run behind schedule, the airport …

London’s Stansted Airport hit by IT problems, delaying flights Read More »

By Allison Lampert and Dan Catchpole (Reuters) -A nearly week-long strike by around 3,000 U.S. Pratt & Whitney workers to keep jet engine work in Connecticut is the latest source of uncertainty in an aerospace supply chain already struggling to meet global demand for new airliners.  Jeff Santini, lead negotiator for the workers, told Reuters …

US Pratt engine strikers press for jobs commitment, union says Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Cautious stability World markets traded on a solid footing this week as the Trump administration struck what could be the first of “dozens” of trade deals in the coming weeks, and as investors cheered this weekend’s US-China trade talks in Switzerland. The S&P 500 and Nasdaq …

Trading Day: All eyes on ‘Geneva Convention’ Read More »