Reuters UK Business

Drug maker Recordati’s Q1 revenue rises 11.9%, confirms 2025 guidance

8 May 2025

(Reuters) -Italian drug maker Recordati posted an 11.9% increase in its first-quarter net revenue on Thursday to 680.0 million euros ($767.52 million) and confirmed its guidance for 2025. Interest, taxes, depreciation and amortisation (EBITDA) rose to 270.2 million euros, while adjusted net income grew by 7.2% to 175.5 million euros. The company confirmed its guidance …

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Sorrell’s S4 Capital revenue falls as tech clients focus spending on AI

8 May 2025

By Shashwat Awasthi (Reuters) -Martin Sorrell’s ad group S4 Capital said on Thursday that clients were choosing to spend on artificial intelligence rather than marketing, pushing first-quarter revenue 11% lower. The owner of ad agencies Monks and MightyHive acknowledged that volatility created by U.S. tariffs would lead clients to remain cautious. Shares in S4 were …

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Polish construction company Budimex’s first-quarter net profit falls 4%

8 May 2025

GDANSK (Reuters) -Poland’s biggest construction and engineering company Budimex reported a 4.0% drop in first-quarter net profit to 114.3 million zlotys ($30.3 million) on Thursday, as harsh weather affected sales of construction and assembly services in Central and Eastern Europe. WHY IT’S IMPORTANT Budimex is one of the certified partners of military investments in Poland. …

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Vertical Aerospace, Honeywell deepen ties to take key air-taxi systems to certification

8 May 2025

By Shivansh Tiwary (Reuters) -British electric-aircraft firm Vertical Aerospace said on Thursday it has expanded its partnership with Honeywell under a new long-term deal to help certify key systems for its VX4 air taxi. Under the expanded collaboration, Honeywell will support the certification of two critical systems – the aircraft management system, including the flight …

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Italy’s Banca Mediolanum reports 10% rise in first quarter profit

8 May 2025

(Reuters) -Italy’s Banca Mediolanum reported on Thursday a 10% rise in first quarter net profit to 243.3 million euros ($274.59 million). Net inflows into managed assets for the first four months of the year exceeded 3.1 billion euros, with 1.14 billion euros for the month of April. The bank also confirmed its 2025 guidance. ($1 …

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US tariff uncertainty weighs on Infineon’s revenue outlook

8 May 2025

FRANKFURT (Reuters) -German chipmaker Infineon Technologies reported stable order intake on Thursday but lowered its full-year revenue outlook due to uncertainty over global tariff disputes. U.S. President Donald Trump has said tariffs on semiconductor chips would start at “25%, or higher,” rising substantially over the course of a year, but has not specified when these …

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Cable maker Prysmian core profit tops forecast on transmission business, Encore buy

8 May 2025

By Giulio Piovaccari MILAN (Reuters) -Prysmian, the world’s largest cable maker, beat forecasts on Thursday with a 28% jump in first-quarter core profit, supported by its transmission business and last year’s acquisition of Encore Wire. CEO Massimo Battaini said the group’s industrial and construction (I&C) division, its largest by revenue and core profit, saw a …

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Prosus expects annual e-commerce profit to beat $400 million guidance

8 May 2025

JOHANNESBURG (Reuters) -Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to exceed its guidance and reach $435 million this fiscal year, Chief Executive Fabricio Bloisi said on Thursday. Last year, Prosus, majority-owned by South Africa’s Naspers, estimated adjusted earnings before interest and taxes (aEBIT) of $400 million for its e-commerce business …

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Lanxess posts Q2 guidance below expectations, but confirms FY outlook

8 May 2025

By Ozan Ergenay (Reuters) -German speciality chemicals maker Lanxess on Thursday reported a 31.7% jump in first quarter core profit, beating market expectations, but said second quarter earnings would drop after the sale of a unit and amid concerns about U.S tariffs. Lanxess posted earnings before interest, taxes, depreciation and amortisation (EBITDA) pre-exceptionals of 133 …

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