Reuters UK Business

Audi CEO expects ‘more bearable’ tariff regulation in coming months

9 May 2025

FRANKFURT (Reuters) -Volkswagen’s premium brand Audi, which has no production in the United States, expects current trade talks between Brussels and Washington to provide some level of clarity over car import tariffs soon, its CEO Gernot Doellner said. European automakers are currently facing a 25% import tariff in the United States, the world’s second-largest car …

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UK’s Crown Estate gives green light to expand capacity at offshore wind sites

9 May 2025

LONDON (Reuters) – King Charles III’s Crown Estate, which owns Britain’s seabed, has given the go-ahead to expand high-density wind farms on current seabed leases, seeking a rapid and space-efficient way to raise capacity and support the country’s energy transition. Seven projects, including RWE’s Rampion 2, and SSE and Equinor’s Dogger Bank D, are set …

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Commerzbank delivers surprise profit jump as it fends off UniCredit

9 May 2025

By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Commerzbank, fending off a possible takeover by Italy’s UniCredit, said on Friday that net profit rose nearly 12% in the first quarter, beating expectations despite strong headwinds for the German economy. The earnings set the stage for an annual shareholder meeting next week when Commerzbank management will …

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Mediobanca suitor Monte dei Paschi beats forecasts with 24% profit rise

9 May 2025

By Valentina Za MILAN (Reuters) -State-backed Monte dei Paschi di Siena on Friday posted a larger-than-forecast 24% quarterly profit rise as it pursues a hostile takeover of rival Mediobanca in the consolidation wave sweeping Italian finance. Mediobanca, which has announced its own buyout offer for wealth manager Banca Generali in an effort to thwart Monte …

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BP shares rise as FT reports more rivals looking at possible takeover

9 May 2025

LONDON (Reuters) -Shares in BP edged higher on Friday after the Financial Times reported a number of rivals have “run the numbers” about a possible takeover of the London-listed oil company. Shell, Chevron, ExxonMobil, TotalEnergies and Adnoc have all looked at the figures, the FT reported citing sources, while trading house Vitol might be interested …

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Euro zone disinflation on track but growth at risk, ECB’s Rehn says

9 May 2025

FRANKFURT (Reuters) -The euro zone’s fight to bring inflation back to the 2% target is on track but the growth environment is deteriorating, with a global trade war creating a significant risk in the outlook, Finnish central bank chief Olli Rehn said on Friday. “Given the pervasive uncertainty, the Governing Council is maintaining full freedom …

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Spain’s Cellnex lifts core earnings by 2.6%, in line with expectations

9 May 2025

MADRID (Reuters) -Spain’s Cellnex, Europe’s largest mobile phone tower operator, said on Friday its core earnings in the first quarter rose 2.6%, in line with market expectations, as it kept deploying towers in the countries it operates in. Cellnex’s adjusted earnings before interest, taxes, depreciation and amortisation in the first quarter increased to 798 million …

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Portugal’s EDP reports 21% profit rise as Iberia rainfall boosts hydro

9 May 2025

LISBON (Reuters) -Portugal’s largest utility EDP on Friday reported a stronger-than-expected 21% increase in first-quarter net profit, after heavy rainfall boosted hydroelectric output in Iberia, where power prices almost doubled. Net profit rose to 428 million euros, beating the average forecast of 368 million euros in an LSEG poll of analysts, even though it did …

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Wirecard fugitive discussed weapons, diamonds with Russian spy ring leader

9 May 2025

By Michael Holden and Sam Tobin LONDON (Reuters) – Wirecard fugitive Jan Marsalek and the leader of a British-based Russian spy ring discussed sourcing drones for Russia’s war in Ukraine, trading blood diamonds and providing mercenaries in Africa, according to messages shown to a London court. Six Bulgarians who were part of a unit tasked by Marsalek to …

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