Reuters UK Business

ROME (Reuters) – Italy has no plans to introduce new windfall taxes on company profits, government sources said on Friday, denying press reports. Some Italian newspapers reported this week that the government was discussing new taxes on banks, insurers, energy companies and luxury goods firms. Rumours began to spread after Economy Minister Giancarlo Giorgetti last …

Italy has no plans for new tax on company profits, sources say Read More »

(Reuters) – Walmart’s “Everyday Low Price” promise will be put to the test when it reports quarterly results, after rival Amazon.com’s warning that customers had turned bargain hunters, pressuring the online shopping behemoth to forecast a weak current quarter. Shares of Amazon sank nearly 9% in premarket trading on Friday, while Walmart’s stock was marginally …

Walmart’s low price promise in focus after Amazon’s warning Read More »

MADRID (Reuters) – The number of foreign tourists in Spain jumped 13% in the first-half of 2024, putting the country on track for another record year for visitor numbers despite growing discontent over the impact of the holiday industry in some tourist hotspots. For the six months to the end of June, 42.5 million international …

Spain set for record tourist numbers in 2024 after first-half jump Read More »

By Pranav Kashyap (Reuters) -European shares fell more than 1% on Friday, tracking a global risk-off sentiment following disappointing U.S. growth data and overshadowing a handful of positive corporate updates. The pan-European STOXX 600 index fell 1.4% after touching a three-month low earlier in the session. It is also set to log a 1.5% decline …

European shares fall amid global risk-off mood on US growth fears Read More »

PARIS (Reuters) – Engie CEO Catherine MacGregor said on Friday that Engie had submitted an offer to buy a UK asset but that the French company’s offer was ultimately not retained. MacGregor declined to name the UK asset for which it had made an offer. Reuters had reported earlier that Engie had joined forces with …

Engie CEO: we made an offer to buy a UK asset but this was rejected Read More »

MILAN (Reuters) -UniCredit faces a second court case in Russia linked to guarantee payments the Italian bank was not able to honour due to Western sanctions imposed on Moscow after it invaded Ukraine in early 2022, it said in its half-year report. UniCredit controls Russia’s 15th largest bank by assets and is embroiled in another …

UniCredit says it faces second court case in Russia over guarantee payments Read More »

LONDON (Reuters) – European technology stocks fell to their lowest level in over six months on Friday, amid a broad global equity sell-off and as investors dumped semiconductor stocks following disappointing earnings from Intel. The STOXX Europe 600 technology index was last down 3.6% to its lowest since January. The broader STOXX 600 index index …

European tech stocks fall to six-month low, join in global sell-off Read More »