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(Reuters) -Euronav expects a rise global sea trade this year driven by the rerouting of Red Sea shipping though a change in the U.S. presidency and a slowdown in China’s economy are risk factors, the Belgian oil tanker company said on Thursday. Seaborne trade is on track to increase by 5.1% this year, with the …

Euronav flags US politics, China economy as risks to shipping momentum Read More »

By Pranav Kashyap (Reuters) -Europe’s benchmark stock index lost over 1% on Thursday, led by losses in the technology sector, and was set to wipe out all gains from the previous session, mirroring the gloomy sentiment seen in Asian markets. The pan-European STOXX 600 was down 1.1% by 0830 GMT, after rising 1.5% in the …

STOXX 600 falls 1% as tech stocks, gloomy Asia sentiment weigh Read More »

LONDON (Reuters) -Russian authorities have rejected Anheuser-Busch InBev and Anadolu Efes’ deal whereby the world’s top beer maker would sell its stake in their Russian joint venture to the Turkish brewer, the companies said on Thursday. AB InBev, the world’s biggest brewer by volume, said in April 2022 it would sell its interest in the …

AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities Read More »

By Ludwig Burger FRANKFURT (Reuters) -Siemens beat quarterly earnings forecasts on Thursday, helped by demand for electricity infrastructure and production software, but warned some customers were hesitant to invest amid uncertainty over borrowing costs. The technology group reported an 11% increase in adjusted operating profit to 3.0 billion euros ($3.3 billion) for April-June, its fiscal …

Siemens profit beats market view on software but outlook remains guarded Read More »

By Chandini Monnappa and Shanima A (Reuters) -Entain raised a key annual revenue forecast on Thursday, encouraged by punters cashing in on high-profile football events in Europe in the second quarter, which boost shares in the British gambling group by more than 11%. The owner of Ladbrokes, Coral and Partypoker said it now expected a …

Ladbrokes owner Entain lifts annual forecast after football events boost Q2 Read More »

By Paul Sandle LONDON (Reuters) – British meal delivery company Deliveroo said it had achieved the twin milestones of positive net profit and free cash flow in the first half as demand from customers stabilised, sending its shares up 9% on Thursday. Chief Executive Will Shu, who co-founded the business in 2013, said the performance …

Deliveroo reaches net profit and cash flow milestones Read More »

FRANKFURT (Reuters) -The finance chief of German resinsurer Munich Re said on Thursday that he believed it was too early to return to the markets after a recent stock meltdown. The comments are significant because Munich Re is a major investor as the world’s largest reinsurer. Chief Financial Officer Christoph Jurecka told jounalists that market …

Too early to return to markets, Munich Re’s CFO says Read More »

By Olivier Sorgho (Reuters) – Nokia has partnered up with Swisscom to deploy a drones network across Switzerland to improve emergency responses and infrastructure inspection, they said in a joint statement on Thursday. The Finnish telecom gear maker will supply 300 un-manned vehicles that mobile provider Swisscom will operate through a drones-as-a-service (DaaS) network across …

Nokia and Swisscom to deploy drone service across Switzerland Read More »

(Reuters) -Britain’s Persimmon expects to build at the top end of its annual housebuilding target in 2024 as easing mortgage rates and a UK rate cut spur recovery hopes in the sector, it said on Thursday after posting a 3% drop in interim pre-tax profit. The positive tone of the housebuilder chimes with policy set …

UK’s Persimmon upbeat on 2024 housebuilding targets amid sector rebound hopes Read More »