By Maria Martinez BERLIN (Reuters) -The number of people out of work in Germany rose less than expected in April but the unemployment rate rose to its highest level since the pandemic, as economic malaise put pressure on the job market even against a backdrop of long-term labour shortages. The office said the number of …
By Maria Martinez BERLIN (Reuters) -The German economy grew in the first quarter of the year thanks to consumption and investment, escaping a recession after contracting in the last quarter of last year, data showed on Wednesday. Gross domestic product rose in line with forecasts, by 0.2%, compared with the previous three-month period, preliminary data …
German economy grew by 0.2% in first quarter, skirting recession Read More »
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Stellantis on Wednesday suspended its guidance for a moderate recovery this year, after a profit drop in 2024, due to the uncertain impact of U.S. President Donald Trump’s tariffs, and said it would review capital spending plans. The move is “due to evolving tariff policies, as well …
Stellantis suspends guidance, to reassess capex due to US tariffs Read More »
By Johan Ahlander STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported first-quarter net profit above market expectations on Wednesday as its work to streamline the bank led to lower costs, sending its shares up 6.6% in early trading. The bank, a rival of Swedbank, SEB and Nordea, said net profit fell 4% to 6.32 billion Swedish crowns …
Handelsbanken profit beats forecast as costs come down Read More »
By Mathieu Rosemain PARIS -Credit Agricole reported a drop in first-quarter profit on Wednesday as a one-off government tax hike, rising costs and retail weakness offset strength in its investment bank. The French bank’s shares were down 3.5% in early trade after first-quarter net income fell 4.2% from a year earlier to 1.82 billion euros …
Credit Agricole shares fall as rising costs and tax hit Q1 result Read More »
(Reuters) -Germany’s Rheinmetall and U.S. firm Lockheed Martin have agreed to expand their cooperation and extended a memorandum of understanding signed in 2024, they said in a joint statement on Wednesday. The two defense groups will set up what they call a “center of excellence,” led by Rheinmetall, which will manufacture rockets and missiles and …
FRANKFURT (Reuters) -RWE’s investors will crank up the pressure on Germany’s top power producer on Wednesday, demanding bolder moves to close a valuation gap with rivals including bigger share buybacks and even a special dividend. The German utility, also the world’s second-largest developer of offshore wind farms, has been subject to growing criticism over its …
RWE faces growing investor criticism as renewable returns dwindle Read More »
By Jesús Aguado MADRID (Reuters) -Spain’s Caixabank said on Wednesday it expects lending income to fall in 2025 as margins are squeezed by lower interest rates, though its net profit topped forecasts in the first quarter due to a lower impact from a renewed banking tax. As interest rates rose, Spanish banks benefited from higher …
Spain’s Caixabank sees lower lending income in 2025 Read More »
LONDON (Reuters) -Glencore on Wednesday reported lower copper production in the first quarter, and said it expects 2025 profit at its trading division to be in the middle of its long-term annual guidance. The miner and trader reported a 30% drop in first-quarter copper production to 167,900 metric tons, but maintained its full-year forecast for …
Glencore posts 30% drop in first-quarter copper production Read More »
(Reuters) -French consumer prices have risen more than anticipated in April as a further fall in energy prices was partly offset by the rise in food prices, preliminary data from statistics agency INSEE showed on Wednesday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, increased 0.8% year-on-year in April. A Reuters …
French annual inflation rate above forecast in April Read More »
