By Helen Reid LONDON (Reuters) -H&M’s sales were up just 1% in March after a weaker than expected first quarter, the Swedish fast-fashion retailer reported on Thursday, in a sign of a slow start to its spring and summer season. H&M has ramped up marketing spend in a bid to boost its brand but the …
MILAN (Reuters) – French luxury group LVMH, which last year bought a minority stake in Moncler’s top shareholder, has proposed Alexandre Arnault as a member for the new board of the Italian luxury outerwear group. Moncler’s shareholders are expected to gather on April 16 to vote on the expansion of the number of board members …
LVMH proposes Alexandre Arnault for Moncler’s board Read More »
PARIS (Reuters) – The French car lobby PFA said on Thursday that there can only be losers in the looming trade war between the United States and Europe “This emerging trade war will impact our carmakers and equipment manufacturers. There will only be losers,” the PFA said. U.S. President Donald Trump on Wednesday announced plans …
French car lobby PFA: there can only be losers in a trade war Read More »
By David Milliken LONDON (Reuters) -The head of the agency that issues British government bonds said there would be an “important shift” away from long-dated debt in the coming financial year in response to rising borrowing costs and reduced investor demand. The United Kingdom Debt Management Office announced on Wednesday that it would issue 299 …
UK bond chief hails ‘important shift’ away from long-dated issuance Read More »
PARIS (Reuters) – Valeo will not be able to absorb Trump’s 25% tariffs on car imports to the United States, a spokesperson for the French automotive supplier said on Thursday. “We will have to raise prices as a result,” the spokesperson said. (Reporting by Gilles Guillaume; Writing by Gianluca Lo Nostro; Editing by Benoit Van …
Valeo to raise prices as a result of Trump’s 25% tariffs on car imports Read More »
FRANKFURT (Reuters) – Euro zone lending growth accelerated further last month, suggesting that credit growth bottomed out in late 2024 and a mild expansion is now underway as interest rates fall, European Central Bank data showed on Thursday. Lending to firms expanded by 2.2% in February, its best level since mid-2023, and above the 2.0% …
Euro zone lending growth accelerates further, ECB data shows Read More »
(Reuters) – Abu Dhabi’s state-owned renewable power company Masdar said on Thursday it has bought Valle Solar, one of the largest photovoltaic solar projects in Spain’s Valencia region. The project, expected to be operational by the first half of 2027, will feature a 234 megawatt solar plant with a potential 259 MW battery energy storage …
Abu Dhabi’s Masdar buys 234 MW photovoltaic solar project in Spain Read More »
MADRID (Reuters) -Spanish oil company Repsol and private equity-backed NEO Energy have agreed to merge their UK North Sea oil and gas businesses to create a joint venture with output of around 130,000 barrels of oil equivalent per day this year. The new company, called NEO NEXT, will be 45%-owned by Repsol and 55%-owned by …
Repsol, NEO Energy agree to merge North Sea operations Read More »
MADRID (Reuters) – Spanish lenders Santander and BBVA are negotiating with the European Central Bank (ECB) to get a more favourable capital treatment for their holdings in insurance businesses, Spanish newspaper Cinco Dias reported on Thursday. Until now, most Spanish banks have counted the insurance business as direct deductions from their capital. The exception to …
Santander and BBVA seek favourable capital treatment from ECB, Cinco Dias reports Read More »
(Reuters) – Spanish power utility Endesa plans to buy back shares worth up to 2 billion euros ($2.15 billion) as part of a multi-year plan to return value to shareholders, it said. Endesa said its parent company, Italy’s Enel, which controls about 70% of its shares, will not participate in the buyback programme and will …
Spain’s Endesa announces $2.15 billion share buyback Read More »
