Mark Potter

1 month ago | gurutrade.com | Victoria Waldersee |Sonia Cheema |Mark Potter |Susan Fenton

BMW 2024 net profit down 36.9% at 7.68 billion euros Autos earnings margin for 2025 expected at 5-7% Carmaker in firing line of escalating U.S., EU trade war Forecast takes tariffs imposed by March 12 into account BERLIN, March 14 (Reuters) - BMW expects trade tariffs to cost the carmaker 1 billion euros ($1.09 billion) this year, its CEO said on Friday, factoring in EU duties on its China-made EV and newly imposed U.S. tariffs which are upending global trade.

Jan 8, 2025 | gurutrade.com | Mark Potter |Peter Graff

Jan 8 (Reuters) - Sterling slid for a second day on Wednesday against a generally firmer U.S. dollar, despite British long-term borrowing costs sitting at around their highest since 1998. Solid U.S. data on Tuesday confirmed investors' view that U.S. interest rates will stay higher for longer, pushing up Treasury yields and boosting the dollar against most major currencies.

Nov 26, 2024 | gurutrade.com | Andy Bruce |Mark Potter

LONDON, Nov 26 (Reuters) - British retailers' optimism has fallen to a two-year low following finance minister Rachel Reeves' first budget as they brace for higher employment costs and soft consumer demand, the Confederation of British Industry said. Reeves announced a 25 billion pound ($31 billion) increase in employment taxes in her Oct. 30 budget and a 7% rise in the minimum wage, both of which will particularly hurt retailers with low margins and large numbers of staff.

Nov 6, 2024 | gurutrade.com | Mark Potter

FRANKFURT, Nov 6 (Reuters) - Europe should go ahead and implement new regulation for banks known as Basel III, which aims to make lenders more resilient to possible economic shocks, Claudia Buch, the European Central Bank's top supervisor, said on Wednesday. "The Basel framework needs to remain the cornerstone of internationally agreed rules," Buch said in a speech.

Nov 5, 2024 | gurutrade.com | Jacob Gronholt-Pedersen |Louise Breusch Rasmussen |Mark Potter

Orsted flags higher costs at US offshore wind project Harris supports offshore wind; Trump has vowed to scrap projects Orsted's Q3 operating profit fell 14% COPENHAGEN, Nov 5 (Reuters) - Demand for green power in the United States will grow regardless of who ends up in the White House, renewable energy group Orsted said on Tuesday, even as it flagged construction problems and higher costs at a large U.S. offshore wind project.