Orpea slides to annual loss of 4 billion euros on asset depreciation
(Reuters) -French nursing care provider Orpea, hit by multiple scandals including allegations of malpractice at its care homes, on Fri..
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UK finance minister Hunt: Good news the economy is growing
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt on Friday welcomed the latest GDP data which showed the economy..
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Audit finds holes in ECB’s management of bank credit risk
FRANKFURT (Reuters) – European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especi..
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With UK food price inflation at 46-year high, lawmakers launch probe
By James Davey LONDON (Reuters) – British lawmakers launched an investigation on Friday into the fairness of the country’..
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Carrefour Brasil in talks with Barzel Properties over $260 million deal
SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale ..
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Shell shareholders urged by LAPFF to back climate activist’s resolution
By Shadia Nasralla LONDON (Reuters) – Shell shareholders should support a climate activist resolution at its annual general meet..
Investment
Nexi open to options as Banco BPM seeks partner
MILAN (Reuters) -Italian payments giant Nexi is keen to enter partnerships with lenders and will adjust to their preferred models, it ..
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Swiss prepare to evacuate village threatened by vast landslide
BRIENZ, Switzerland (Reuters) – Swiss authorities have ordered residents to abandon a tiny mountain village in the eastern cant..
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France could tax food industry over high prices – finance minister
PARIS (Reuters) – The French government could use tax measures to claw back profits from the food industry if it does not accep..
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UK brings train operator TransPennine under temporary state control
LONDON (Reuters) -Britain said it will bring TransPennine Express under temporary government control as it cancelled its contract to o..
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Snam confirms guidance after rise in first quarter sales
MILAN (Reuters) – Italian gas grid operator Snam on Thursday confirmed its targets for this year after reporting a 13% year-on-..
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Man Group picks all-female top team as CEO Ellis retires
LONDON (Reuters) – Man Group will be led by two women for the first time in its history by the end of this year, after the Londo..
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Italy’s Iveco ups 2023 guidance after operating profit jump
(Reuters) – Italian truckmaker Iveco on Thursday raised its guidance for this year, after posting a 63.4% rise in adjusted opera..
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Bank of America opens Luxembourg branch in Europe funds push
LONDON (Reuters) – Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxe..
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Canada unveils new passport design with more security features, nod to King Charles
(Reuters) – Canada on Wednesday unveiled a new design for passports with advanced security features including a new series with ..
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Panasonic delays production of new Tesla battery to improve performance
SAN FRANCISCO/TOKYO (Reuters) – Panasonic said on Wednesday that it will delay the commercial production of its 4680 battery cel..
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Google takes wraps off its answer to Microsoft’s AI search challenge
By Jeffrey Dastin and Greg Bensinger MOUNTAIN VIEW, California (Reuters) -Alphabet Inc’s Google on Wednesday unveiled more artif..
Innovation
Analysis-Investors’ route to post-COVID China is via Europe
LONDON/SINGAPORE (Reuters) – Investors are getting more bang for their buck this year by buying European companies with a focus ..
Investment
Sterling hits five-month high against euro before BoE decision
By Harry Robertson LONDON, (Reuters) – The pound rose to a five-month high against the euro on Wednesday as traders bet a rate ..
News
UK firms cut hiring of permanent staff, recruiters’ survey shows
LONDON (Reuters) – British firms reduced hiring of permanent staff via recruitment agencies at the fastest pace in more than tw..
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TUI sees summer travel demand ‘significantly’ lifting 2023 profit
By Joanna Plucinska LONDON (Reuters) -German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of ..
News
French retailer Casino’s shares slump 6% after S&P downgrade
PARIS (Reuters) -Shares in French retailer Casino fell more than 6% on Wednesday after Standard & Poor’s cut its long-term c..
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Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing
(Reuters) -Supermarket group Ahold Delhaize expects food inflation in Europe to slow in the second half of this year, CEO Frans Mulle..
News
ASOS reports first-half loss as shoppers cut back
LONDON (Reuters) -ASOS, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, ..
News
Dufry sales more than double on travel rebound, Autogrill acquisitionv
(Reuters) – Swiss duty-free retailer Dufry on Wednesday reported a 113.4% jump in its first-quarter turnover, beating market est..
News
E.ON to hit upper end of 2023 outlook after strong Q1
FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 2023..
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Dollar eases before inflation data, with nagging worries over debt ceiling impasse
By Rae Wee SINGAPORE (Reuters) – The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers fail..
News
Ryanair places major Boeing order after jet price spat
WASHINGTON/DUBLIN (Reuters) -Ireland’s Ryanair agreed a multibillion-dollar deal for as many as 300 Boeing jets on Tuesday, bury..
Business
Oil eases on lackluster Chinese import data, U.S. economy woes
HOUSTON (Reuters) -Oil prices fell on Tuesday, retreating from strong gains of the previous two sessions due to lackluster Chinese imp..
Finance
Eurovision 2023 opens with acts walking Liverpool’s ‘Turquoise Carpet’
LIVERPOOL, England (Reuters) – Eurovision 2023 kicked off on Sunday when 37 contenders walked the “Turquoise Carpet”..
News
Britain’s JD Sports to buy France’s Courir in $572 million deal
(Reuters) -JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 mill..
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Italy’s MPS vows to keep delivering after sharp profit jump
By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) pledged on Tuesday to maintain the state-owned bank..
News
Ferrari CEO says e-fuel cars do not compromise carbon goals
MILAN (Reuters) – Ferrari’s plans to continue building internal combustion engine cars powered by so called e-fuels does ..
News
K+S cuts 2023 profit outlook on slow recovery, lower potash prices
(Reuters) – German potash and salt miner K+S on Tuesday cut its annual profit outlook on a slower than expected recovery in dema..
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Li-Cycle and Glencore unveil plans for recycling hub in Italy
(Reuters) – Battery recycler Li-Cycle Holdings Corp said on Tuesday it planned to develop a recycling hub in Italy along with Sw..
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Cryptoverse-Tether gets a lift from stability doubts
(Reuters) – Digital stablecoin tether is winning the race for the title of the crypto world’s “least risky” as..
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Daimler Truck sees higher returns as supply chains, demand improve
BERLIN (Reuters) – Daimler Truck reported on Tuesday an adjusted return of sales of 8.8% in the first quarter of the year, up f..
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