By Gianluca Semeraro and Valentina Za TRIESTE, Italy (Reuters) -Generali Chief Executive Philippe Donnet secured shareholder support on Thursday to stay in the job for another three years, after he struck a landmark asset management deal that irked both a major investor and the Rome government. The vote hands a victory to top shareholder Mediobanca, …
Generali CEO secures new term after contested Natixis deal Read More »
By Nathan Vifflin (Reuters) -STMicroelectronics said U.S. tariffs had so far not changed its conversations with customers, after the chipmaker forecast rising second-quarter sales from the yearly low seen in the first three months of 2025. “We have not seen any panic from customers or immediate reaction,” President and CEO Jean-Marc Chery told analysts on …
STMicro forecasts better quarterly sales, says no tariff panic yet Read More »
By Sarah Young LONDON (Reuters) -British online fashion retailer ASOS is well-placed to cope with the fallout from U.S. tariffs, it said on Thursday, and while it was too early to call, its flexible model and lower exposure to sourcing from China could help drive growth. ASOS posted higher half-year earnings on Thursday, showing that …
UK fashion group ASOS confident on growth amid tariff uncertainty Read More »
By Elizabeth Howcroft and Tommy Reggiori Wilkes LONDON (Reuters) -Revolut’s pretax profit surged 149% last year to 1.1 billion pounds ($1.46 billion) as the financial technology firm rode a wave in crypto trading and earned more from interest rates and card fees, the company said on Thursday. Revenue at the London-based fintech rose to 3.1 …
Revolut profits soars on crypto boom as CEO lifts stake Read More »
By Jesús Aguado MADRID (Reuters) -Spain’s Bankinter on Thursday stuck to its forecast for lending income to hold up this year after net profit in the first quarter beat forecasts, supported by a pick up in demand for loans in its home market. Spanish banks are mainly retail lenders and have benefited from higher costs of …
Bankinter beats profit forecast, sees lending income holding up Read More »
LONDON (Reuters) -Britain’s Financial Conduct Authority is seeking to streamline rules on the funds investment firms must hold to absorb losses and maintain resilience in distressed markets, with proposed changes it said could cut red tape by as much as 70%. The watchdog, which is currently revamping regulation of Britain’s financial industry to boost its …
UK’s FCA seeks to streamline capital rules for investment firms Read More »
By Kate Abnett BRUSSELS (Reuters) -A European Parliament committee voted on Thursday in favour of plans that would lower targets on filling gas storage, agreeing with concerns from member states the goals have driven prices higher. The EU’s gas storage rules were introduced in 2022, after the supply disruption caused by Russia’s invasion of Ukraine, …
EU parliament committee backs softer gas storage rules Read More »
By Miranda Murray and Rachel More BERLIN (Reuters) -German business morale unexpectedly rose in April, a survey showed on Thursday, though expectations were gloomier as companies remain uncertain about how the tariff war escalation with the United States will play out. The Ifo institute said its business climate index rose to 86.9 in April from …
Tariff risks threaten fragile improvement in German business sentiment Read More »
By Amanda Cooper LONDON (Reuters) -The pound rallied against the dollar on Thursday amid growing investor pessimism over the lack of any real progress in de-escalating the trade war between the U.S. and China, the world’s two largest economies. U.S. assets, including the dollar, had jumped on Wednesday following a report that President Donald Trump’s …
Sterling gains against wilting dollar as gloom over trade returns Read More »
(Reuters) -Jupiter Fund Management said retail clients pulled 1.5 billion pounds ($2 billion) in the first quarter, ahead of the imposition of U.S. President Donald Trump’s tariffs, although institutional inflows remained more resilient amidst volatility. Wealth managers have had a sour start to their fiscal year, amid market volatility and growing recession fears sparked by …
