PARIS (Reuters) – European Central Bank (ECB) member Francois Villeroy de Galhau said on Thursday that while a ramp-up in defence spending was needed in France, spending on this could not be limitless given the high level of France’s public deficit and debt. “We cannot have a policy of spending whatever it takes regarding defence …
ECB’s Villeroy: Limitless defence spending should be out of the question Read More »
(Reuters) – Britain’s Bloomsbury Publishing said on Thursday its annual trading will beat market expectations, on the back of robust demand for its fiction titles and newly-expanded academic books. The publishing house, which has a track record of exceeding expectations, has seen profit soar from demand for Sarah J. Maas’ ‘romantasy’ titles like the “A …
Britain’s Bloomsbury Publishing says annual trading will beat expectations Read More »
COPENHAGEN (Reuters) -Norway’s sovereign wealth fund said on Thursday it had bought stakes in two real estate portfolios from Shaftesbury Capital and AXA Lifestyle housing for a total amount of $1 billion. Norges Bank Investment Management (NBIM) said it bought a 25% interest in a property portfolio in London in a new joint venture with …
Norway sovereign wealth fund makes $1 billion real estate investments Read More »
By Tom Sims and Mathieu Rosemain FRANKFURT/PARIS (Reuters) -French banking group Credit Mutuel Alliance Federale is buying German lender Oldenburgische Landesbank (OLB), a surprise move after the northern German bank for years considered a listing on the stock exchange. The planned sale was announced by OLB and the French bank’s German subsidiary, Targo Deutschland, on …
France’s Credit Mutuel to buy German bank IPO candidate OLB Read More »
(Reuters) – British meat producer Cranswick on Thursday increased its medium-term operating margin target, helped by strong demand for its pork and poultry products. The company now expects to report an adjusted operating margin of about 7.5%, up from the over 6% expected earlier. Cranswick, which produces fresh pork, bacon, gourmet sausages, poultry items and …
UK’s Cranswick raises medium-term profit margin target Read More »
MILAN (Reuters) – Potential U.S. tariffs on European-made products could hit revenue at Lamborghini, its CEO said, as the sports carmaker posted strong results for last year, despite a contraction in the luxury market. The Italian carmaker, part of the Volkswagen group, said on Thursday its revenues rose 16% last year to 3.09 billion euros …
Lamborghini sees tariff threat to US volumes after strong 2024 results Read More »
LONDON (Reuters) – Britain’s energy regulator said on it would accelerate 4 billion pounds ($5.19 billion) of investment to speed up development of the country’s electricity grid and boost the country’s chances of meeting clean energy targets. Ofgem, which regulates the companies that build and operate the transmission network, said the funding would help them …
UK regulator fast tracks $5.2 billion energy grid investment Read More »
(Reuters) – British diplomacy will focus increasingly on building ties with international business to help drive economic growth at home, foreign minister David Lammy will say on Thursday in a speech to business leaders in London. Lammy will announce new measures to help businesses navigate increasingly fraught geopolitics, in a speech to the British Chambers …
UK diplomacy should target boosting business and growth, Lammy says Read More »
(Reuters) – Sanofi on Thursday announced an agreement with biopharmaceutical company Dren Bio for the acquisition of its autoimmune disease treatment DR-0201. The French healthcare group will acquire the Dren Bio affiliate Dren-0201 for an upfront payment of $600 million and potential future payments totalling $1.3 billion, it said in a statement. The transaction is …
By Iain Withers LONDON (Reuters) – BlackRock is betting on an expanded range of retail-focused products, including more exchange-traded funds, to attract a new generation of Europeans into investing, an executive said, as it tries to outcompete local rivals slowly gaining ground. The U.S. fund manager, through its iShares unit, has a 43% market share …
BlackRock bets on consumer push as it chases European savers Read More »
