(Reuters) – Britain’s financial regulator on Thursday fined the London Metal Exchange 9.2 million pounds ($11.9 million) over its handling of the 2022 nickel crisis, and said the exchange had failed to ensure its systems were well-equipped. In March 2022, the LME was forced to halt nickel trading and cancel trades after prices doubled to …
UK fines LME nearly $12 million over handling of 2022 nickel crisis Read More »
By Leigh Thomas and Mathieu Rosemain PARIS (Reuters) – France’s cash-strapped government aims to raise 5 billion euros ($5.4 billion) in additional public and private funding to shore up the finances of its undercapitalised defence companies, Finance Minister Eric Lombard said on Thursday. President Emmanuel Macron called this month for a defence build-up in reaction …
France to raise 5 billion euros to boost defence sector capital Read More »
By Alban Kacher and Mateusz Rabiega (Reuters) -Private equity firm CVC Capital Partners reported stronger than expected annual profit on Thursday, supported by a jump in management fees. CVC, whose 2.3 billion euro initial public offering marked one of the biggest debuts in Europe last year, reported a 36% rise in its adjusted after-tax profit …
Private equity firm CVC’s ‘significant’ profit beat drives shares up Read More »
(Reuters) – Italian power company A2A forecast an annual core profit of 2.17 billion to 2.20 billion euros ($2.35 billion to $2.39 billion) for 2025 on Thursday, down from 2.33 billion last year. Italy’s biggest regional utility sees 2025 net income of between 680 million and 700 million euros. In 2024, its net profit was …
BERLIN (Reuters) – German automotive supplier ZF Friedrichshafen plunged to a 1 billion euro ($1.1 billion) loss last year as it set aside hundreds of millions of euros for a restructuring to address what it called the “enormous pressure” facing its industry. Europe’s auto sector is struggling with weak demand, the high cost of shifting …
ZF blames ‘enormous pressure’ on auto industry as it plunges to 1 billion euro loss Read More »
By Christoph Steitz and Tom Käckenhoff ESSEN, Germany (Reuters) – Germany’s RWE on Thursday warned of lower profit this year and said it would cut planned investments by 10 billion euros ($10.9 billion) through 2030, also citing uncertainty facing U.S. renewable energy projects under President Donald Trump. The move underlines the impact of rising geopolitical …
RWE cuts investments by more than a fifth as US market ‘impossible to predict’ Read More »
By Tom Sims FRANKFURT (Reuters) -Germany’s Commerzbank hasn’t had talks with UniCredit since the Italian lender last week got approval from the European Central Bank for taking a stake of just under 30%, Commerzbank CEO Bettina Orlopp said on Thursday. Chief Executive Officer Orlopp said that the banks had talked in an investor meeting after …
Commerzbank hasn’t talked with UniCredit after ECB approval for stake Read More »
By Dimitri Rhodes (Reuters) -Sodexo lowered its yearly outlook on Thursday, bringing it below analysts’ estimates, saying organic revenue growth in North America was slower than it had initially expected. Shares of the French food caterer fell more than 19% by 1030 GMT, on track for their biggest one-day drop since 2002. “We are facing …
Sodexo cuts forecasts on slower growth in North America, shares slump Read More »
By Gianluca Lo Nostro (Reuters) -VEON is confident about Kyivstar’s growth prospects on Wall Street despite tumult caused by President Donald Trump’s chaotic trade policy, its CEO said on Thursday ahead of the planned New York listing of Ukraine’s biggest telecoms company. Investors will look into opportunities where there is still growth in the “distressed” …
Kyivstar can grow in ‘distressed’ US market, VEON boss says ahead of IPO Read More »
FRANKFURT (Reuters) -European Central Bank President Christine Lagarde spelled out the cost of a trade war with the United States for the euro zone’s economy for the first time on Thursday and welcomed Germany’s latest spending plans. The U.S. has imposed tariffs on steel and aluminium products from around the world and said it would …
ECB’s Lagarde spells out cost of trade war with US Read More »
