LONDON (Reuters) – British factories have reported a downturn this month with April’s increases in tax and wages weighing on the mood but some firms are seeing a boost from an expected rise in defence spending in Europe, the Confederation of British Industry said. The CBI’s monthly balance for manufacturers’ output expectations over the next …
UK manufacturers are subdued about outlook as costs mount, CBI says Read More »
GDANSK (Reuters) – Polish convenience store chain Zabka is expected to report an 18% increase in fourth-quarter adjusted EBITDA at 984 million zlotys ($254.20 million), a Reuters poll showed on Friday. Zabka is expected to report revenues of 5.95 billion zlotys, an increase from 5.04 billion zlotys a year ago, driven by organic growth and …
DUBLIN (Reuters) -Ryanair and easyJet, which do not operate at London’s Heathrow Airport, are adding extra capacity in and out of other British airports to offer alternatives for passengers affected by Heathrow’s sudden closure. Heathrow, Europe’s busiest airport, was shut on Friday after a huge fire at a nearby electrical substation knocked out its power, …
Ryanair, EasyJet add capacity at other UK airports after Heathrow closure Read More »
By Amir Orusov and Anastasiia Kozlova (Reuters) – Shares in German beauty retailer Douglas slumped to all-time lows on Friday after the company trimmed its full year outlook, highlighting a slowdown in the European market, particularly in Germany and France. Douglas shares were trading around 19% lower at 0939 GMT, marking the worst performance for …
Shares in German retailer Douglas slide to record lows after outlook cut Read More »
By Alban Kacher (Reuters) – French media regulator Arcom has ordered Eutelsat to cease broadcasting Russian channels STS and Channel 5, after a probe revealed the satellite provider’s commercial agreements had links to a sanctioned entity. The formal notice follows an investigation prompted by requests from several non-governmental organizations that the broadcasting watchdog should take …
French TV regulator orders Eutelsat to stop broadcasting two Russian channels Read More »
DUESSELDORF (Reuters) – German steel group Salzgitter wants to expand its business catering to the defence industry, its CEO Gunnar Groebler told Reuters on Friday. “We’re broadly positioned with tempered sheet metals for the defence industry,” Groebler said. Salzgitter also produces steel pipes used in the defence industry, he added. Germany’s second largest steel producer …
Steelmaker Salzgitter aims to expand its defence business Read More »
By Rene Wagner, Victoria Waldersee and Maria Martinez BERLIN (Reuters) – Germany gave the final green light on Friday to a massive surge in borrowing seen as boosting the country’s anaemic economy and ailing corporate sector – but just not in the short term. Chronic labour shortages and numerous bureaucratic procedures needed to launch spending …
Analysis-German fiscal bonanza no quick fix as red tape, labour snags weigh Read More »
LONDON (Reuters) – British airline easyJet will fly larger aircraft on key routes on Friday and over the weekend to provide additional seats to help passengers affected by Heathrow’s sudden closure due to a huge fire, the company said. A number of key routes between Britain and Milan, Amsterdam, Edinburgh, Paris, Munich and Madrid will …
EasyJet flies larger aircraft on key routes after Heathrow closure Read More »
BERLIN (Reuters) – Germany’s upper house of parliament on Friday passed a reform of the country’s borrowing rules and a 500-billion-euro ($542 billion) fund to revamp its infrastructure and revive Europe’s largest economy. The constitutional amendment to loosen the so-called debt brake also allows for de-facto unlimited spending on defence and security. The upper house …
German upper house of parliament OKs debt reform, half-trillion fund Read More »
PARIS (Reuters) – French food ingredient maker Roquette reported a sharp drop in core profit in 2024 on Friday, citing weaker sales in its main ingredients market, but good performance in its pharmaceutical activities helped cushion the fall. The group’s earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 13% to 529 million euros ($573 …
Roquette’s core profit drops 13% despite pharma unit boost Read More »
