Italgas posts third-quarter core profit up 10.9% ahead of 2i Rete Gas acquisition
(Reuters) -Europe’s biggest gas distributor Italgas on Thursday reported 10.9% growth in third-quarter adjusted core earn..
Business
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Harry Potter publisher Bloomsbury tracks ahead of FY24-25 expectations on fantasy-fiction demand
(Reuters) -UK’s Bloomsbury Publishing on Thursday said trading in fiscal year 2024-2025 will be ahead of current expectat..
News
IBM misses third-quarter revenue estimates as consulting drags; shares fall
By Arsheeya Bajwa (Reuters) -International Business Machines missed analysts’ estimates for third-quarter revenue on Wedn..
News
Wolfspeed shelves plans to build chip factory in Germany
(Reuters) -Wolfspeed has shelved plans to build a semiconductor factory in Ensdorf, Germany, due to slower electric vehicle ado..
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IMF says UK should shield investment while curbing debt
By David Lawder and David Milliken WASHINGTON (Reuters) -Britain should bring public debt under control in a way that preserves..
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Mike Ashley’s Frasers drops plan to buy luxury brand Mulberry
(Reuters) -British sportswear and apparel retailer Frasers Group walked away from its attempts to buy Mulberry on Wednesday, ci..
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French bond investors brace for Moody’s rating review
By Stefano Rebaudo (Reuters) – Rating agency Moody’s will review France’s sovereign rating on Friday in what ..
News
Euro zone consumer confidence rises to -12.5 in October
(Reuters) – Euro zone consumer confidence rose by 0.4 points in October from the September number, figures released on We..
News
Air Liquide confirms full-year targets after in-line quarter
By Olivier Cherfan (Reuters) -French industrial gases supplier Air Liquide reported third-quarter revenue in line with market e..
News
Goldman sees oil prices holding around $76/bbl in 2025 on ample supply
(Reuters) – Goldman Sachs expects oil prices to average $76 a barrel in 2025 based on a moderate crude surplus and spare ..
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L’Oreal third quarter sales disappoint as China spends less on beauty
By Dominique Patton PARIS (Reuters) -French cosmetics giant L’Oreal reported a rise in third quarter sales on Tuesday tha..
News
OpenAI hires ex-White House official as chief economist
(Reuters) – ChatGPT parent OpenAI has tapped former White House official Aaron Chatterji as its first chief economist to ..
Research Reports
Germany identifies its first case of new mpox variant
BERLIN (Reuters) -Germany has detected its first case of the new mpox variant, the Robert Koch Institute for public health said..
News
Eni to launch chemical business restructuring in coming days, sources say
MILAN (Reuters) – Italy’s Eni is expected to announce an overhaul of its chemical business in the coming days as it..
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German steelmaker Salzgitter cuts full-year guidance
(Reuters) – German steelmaker Salzgitter cut its full-year guidance on Tuesday, reporting a drop in its earnings during t..
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Brevan Howard says significant amount of its crypto trading done from UAE
By Nell Mackenzie (Reuters) – Brevan Howard does a significant amount of its crypto trading from the United Arab Emirates..
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King Charles visits melanoma clinic in Sydney and meets cancer survivors
SYDNEY (Reuters) – King Charles visited a skin cancer clinic in Sydney on Tuesday where he met cancer survivors and resea..
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German tax revenue rose 6.9% in September
BERLIN (Reuters) – Germany’s federal and state governments’ tax revenues rose 6.9% in September compared with..
News
Logitech raises full-year outlook as sales and profit expectations climb
(Reuters) -Logitech International raised its full-year outlook after a strong performance and a growth in demand in the second quarter..
News
Analysis-Can the new CVS CEO handle the Aetna challenge?
By Amina Niasse NEW YORK (Reuters) – As CVS Health’s new CEO David Joyner steps into the top job after Karen Lynch’s..
News
Climate scientists warn Nordic ministers of changing Atlantic Ocean current
COPENHAGEN (Reuters) – More than 40 climate scientists are urging Nordic ministers to prevent global warming from causing..
News
Gold’s allure spreads as bulls lock in on fresh records
By Polina Devitt and Swati Verma LONDON (Reuters) – Gold is extending a period of successive record highs, moving the psy..
Business
Retailer Carrefour reviewing work practices at Saudi partner after Amnesty raises concerns
PARIS (Reuters) -French supermarket retailer Carrefour said on Monday it is reviewing how staff are treated at Majid Al Futtaim..
News
Forvia clinches new supply deals with China’s BYD and Xiaomi, shares jump
By Nathan Vifflin and Mara Vilcu (Reuters) -French car part supplier Forvia has secured new deals with Chinese automakers BYD and Xiao..
News
STOXX 600 subdued with key earnings on tap; energy shares jump
By Paolo Laudani and Ankika Biswas (Reuters) -European shares struggled for direction on Monday, after two back-to-back weekly gains, ..
News
German producer prices fall more than expected in September
BERLIN (Reuters) – German producer prices fell more than expected in September, declining 1.4% year on year, due mainly t..
News
Tepid start to week for world stocks, but gold, bitcoin shine
By Medha Singh and Rae Wee LONDON (Reuters) – Global stocks kicked off the week on a tepid note on Monday, after strong g..
News
Sanofi reaches deal on terms of sale of consumer health arm, say French government sources
PARIS (Reuters) -Sanofi on Sunday reached an agreement on terms to sell a controlling stake in its consumer health unit Opella to U.S...
News
Perplexity AI in funding talks to more than double valuation to $8 billion, WSJ reports
(Reuters) -Jeff Bezos-backed Perplexity AI has begun fundraising talks in which it is looking to more than double its valuation..
News
Triathlon-Britain’s Yee adds world title to Olympic gold
(Reuters) – British Olympic champion Alex Yee finished third after a barn-storming run in the men’s triathlon World Champi..
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UK’s Mothercare partners with Reliance to strengthen South Asia presence
(Reuters) – Mothercare formed a joint venture with Reliance Brands Holding UK, strengthening its presence in the South As..
News
Number of female business leaders in Britain falls in 2024, report says
LONDON (Reuters) – The number of women who hold executive reins in corporate Britain has fallen for the first time in eig..
News
FTSE 100 touches five-month closing high on optimism over rate cuts
By Pranav Kashyap and Sruthi Shankar (Reuters) -The UK’s FTSE 100 closed at a near five-month high on Thursday, as pest c..
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Denmark’s central bank cuts key interest rate to 2.85%, mirroring ECB
COPENHAGEN (Reuters) – Denmark’s central bank cut its key policy interest rate by 25 basis points to 2.85% on Thurs..
News
Heightened Egyptian demand in tight market buoys European fuel oil prices
By Robert Harvey and Ahmad Ghaddar LONDON (Reuters) – A spike in Egyptian imports of fuel oil used for power generation has coin..
News
ECB cuts rates once more as euro zone economy sags
By Francesco Canepa and Balazs Koranyi (Reuters) -The European Central Bank cut interest rates on Thursday for the third time this yea..
Finance
Wall St follows European shares higher after solid retail sales data
By Stephen Culp NEW YORK (Reuters) – U.S. stocks followed their European counterparts higher on Thursday as investors parsed an ..
Finance