(Reuters) -Italian shipbuilder Fincantieri returned to a net profit of 27 million euros ($29.22 million) and beat market expectations for its core earnings in 2024, it said on Monday. The return to profit came a year earlier than the group had projected in its industrial plan and follows a loss of 53 million euros in …
Italian shipbuilder Fincantieri turns to profit in 2024 Read More »
(Reuters) – Italian multi-utility Iren on Monday guided for a yearly core profit of 1.34 billion to 1.36 billion euros ($1.45 billion to 1.47 billion) and said it was buying rest of EGEA Holding ahead of schedule. Its earnings before interest, taxes, depreciation and amortization (EBITDA) was 1.27 billion euros in 2024, just above its …
(Reuters) – Aircraft lessor Air Lease Corp said on Monday it has received $328.5 million in cash, as part of certain insurance settlements related to its aircraft which were blocked from leaving Russia after the country’s invasion of Ukraine. Before the invasion in early 2022, Russia was a key market for aircraft lessors, who purchased …
Air Lease gets $329 million in insurance payout for jets stranded in Russia Read More »
LONDON (Reuters) – British supermarket Morrisons on Monday said about 365 workers were at risk of redundancy after a review of store operations aimed at mitigating recent “significant cost increases”. The UK’s fifth largest grocer, which has been owned by U.S. private equity firm Clayton, Dubilier & Rice since 2021, said it planned to close …
UK supermarket Morrisons says 365 jobs at risk from store changes Read More »
MADRID/DUBLIN (Reuters) -The case for another European Central Bank interest rate cut is strengthening, ECB board member Piero Cipollone said on Monday, even if others on the rate-setting Governing Council remained more cautious. The ECB has cut interest rates six times since last June but provided few signals about its next move after the most …
Key ECB dove makes case for more easing, others more cautious Read More »
DUBLIN (Reuters) – The number one issue Ireland faces in building more much-needed housing is implementing new planning rules rather than making it easier for homebuilders to access finance, Irish Central Bank Governor Gabriel Makhlouf said on Monday. The number of homes built in Ireland last year fell 7% to just over 30,000 and the …
Planning rules are key barrier to Irish house building, central bank says Read More »
MOSCOW (Reuters) – Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the prolonged price collapse of the 1980s – which contributed to the downfall of the Soviet Union. The warning came weeks before Russian and U.S. …
Exclusive-Russian central bank sees chance of prolonged low oil price cycle Read More »
LONDON (Reuters) – British Prime Minister Keir Starmer said the government would not be making any changes to its fiscal rules on Wednesday when finance minister Rachel Reeves gives a fiscal update. Asked on Monday if there would be any change to the fiscal rules, Starmer replied: “No.” (Reporting by Sarah Young; editing by William …
UK PM Starmer says there will be no change to government’s fiscal rules Read More »
By Lucy Raitano and Samuel Indyk LONDON (Reuters) -German software company SAP overtook Danish healthcare company Novo Nordisk as Europe’s largest company by market capitalisation on Monday. At 0900 GMT, SAP had a market cap of $340 billion, slightly more than Novo Nordisk, according to Reuters calculations using LSEG Workspace data. SAP is Europe’s largest …
Software maker SAP unseats Novo Nordisk as Europe’s largest company Read More »
DUBLIN (Reuters) – The European Central Bank must remain cautious about its next interest rate move given “exceptional” global events, even though inflation is moving in the right direction, governing council member Gabriel Makhlouf said on Monday. “We do need to be cautious about changes to our monetary policy stance where we’re not yet at …
ECB must remain cautious given ‘exceptional’ global events, says Makhlouf Read More »
