BRUSSELS (Reuters) – Ryanair expects ticket prices to rise by 4-6% this year, only partially recovering from the 8% decline last year, group CEO Michael O’Leary told Reuters on Thursday. “We’re operating on the basis this year that pricing will rise by between four and six (percent) and having fallen by 8% last year. So …
Ryanair CEO says rise in 2025 fares won’t offset 2024 drop Read More »
MILANO (Reuters) -Italian luxury group Ermenegildo Zegna said on Thursday its adjusted operating profit slid 16.4% to 184 million euros($198 million) last year, as the group pushed forward with investments despite a “challenging environment”. Adjusted earnings before interest and tax (EBIT) was, however, above analysts’ consensus, as the group earlier this year said it expected …
Zegna’s adjusted operating profit falls 16% in 2024 Read More »
MILAN (Reuters) – UniCredit is compliant with demands by the European Central Bank on the reduction of its Russian business, and even ahead of some of the supervisors’ requests, CEO Andrea Orcel said on Thursday. “We’re fully compliant,” Orcel said answering a question by a shareholder at the annual meeting. UniCredit has challenged in court …
UniCredit CEO says bank complying with ECB’s requests on Russia Read More »
By Medha Singh (Reuters) -European shares fell to a two-week low on Thursday, led by auto stocks after U.S. President Donald Trump’s plans for 25% import tariffs on all vehicles and foreign-made auto parts fuelled fears a trade war could slow global growth. The pan-European STOXX 600 was down 0.8% as of 1212 GMT, well …
European shares hit two-week low as Trump’s tariff plans slam automakers Read More »
(Reuters) – BP said on Thursday it plans to sell its mobility and convenience business in Austria, as the oil giant reshapes its portfolio under CEO Murray Auchincloss’ reset strategy. The scope of sale includes more than 260 retail sites across the country, its associated Austrian fleet business, electric-vehicle charging assets and BP’s shares in …
BP to sell over 260 retail stores, EV charging assets and more in Austria Read More »
BRUSSELS (Reuters) – The European Union is preparing its response to the new import tariffs on imported vehicles announced by U.S. President Donald Trump, the European Commission said on Thursday. “We have this announcement on cars. Next week we understand that a new suite of measures from the U.S., what they’re calling their reciprocal tariffs, …
EU preparing “robust, calibrated” response to new U.S. import tariffs, Commission says Read More »
By Yadarisa Shabong (Reuters) – The British pound strengthened against the dollar and the euro on Thursday, as traders turned their attention to U.S. tariffs and the risk of an intensifying global trade dispute, a day after finance minister Rachel Reeves’ fiscal update. U.S. President Donald Trump on Wednesday unveiled a 25% tariff on imported …
(This March 26 story has been corrected to show that the EBA in 2023 issued the regulatory clarification, requested in 2021, in paragraph 11) By Valentina Za MILAN (Reuters) – The European Central Bank on Wednesday gave a negative opinion on the possibility for Banco BPM to use more favourable capital rules known as the …
What is the Danish Compromise that Banco BPM was counting on? Read More »
BRUSSELS (Reuters) – The head of global airlines body IATA has welcomed a call by Europe’s top carriers for a delay to a 2030 target for sustainable aviation fuel use in Europe, saying Brussels policymakers need to face reality. “We can’t just stand back and pretend that these targets are meaningful and can be achieved. …
IATA backs call by European airlines to soften green fuel mandate Read More »
By Tom Westbrook, Ankur Banerjee, Amanda Cooper and Shivansh Tiwary (Reuters) -Shares of global automakers took a dive on Thursday after President Donald Trump put a wall of tariffs around the U.S. automotive sector, exacerbating worries over the impact on global trade and potential hits to industry profits. Trump on Wednesday followed through on weeks …
Auto stocks slide as US tariffs send ‘fatal signal’ for trade Read More »
