FRANKFURT (Reuters) -Germany’s Lufthansa reaffirmed its intention to vie for a minority stake in Portugal’s state carrier TAP, saying on Thursday it had formally filed its interest with the government. In a statement, it said it had submitted a proposal to Portuguese state holding company Parpublica as suitor in the planned sale of shares, also …
Lufthansa throws hat in ring in bidding for TAP stake Read More »
By Amy-Jo Crowley, Anousha Sakoui, Andres Gonzalez and Alexander Marrow LONDON (Reuters) -Unilever is considering selling a group of British food brands, including Marmite, Colman’s and Bovril, three people with knowledge of the matter said, as the consumer goods group looks to streamline its business. DEAL DETAILS • The London-listed company is considering shedding the …
Exclusive-Unilever considers sale of British brands Marmite, Bovril, sources say Read More »
(Reuters) -British boot brand Dr Martens warned on Thursday its full-year results would be hit by U.S. import tariffs, sending its shares down as much as 11% despite assurances that it would absorb the costs fully from the year after. The company, known for its chunky lace-up boots, said it expected to manage around half …
Bootmaker Dr Martens’ shares fall as US tariffs weigh on profit Read More »
(Reuters) -Enterprise Products Partners said on Thursday that Exxon Mobil will buy a 40% stake in its Bahia natural gas liquids pipeline and help expand the system to handle growing Permian Basin volumes. The companies plan to boost capacity to 1 million barrels per day after the deal closes, expected by early 2026, by adding …
Exxon to acquire 40% stake in Enterprise Bahia NGL pipeline Read More »
MADRID (Reuters) -A Spanish court has ordered Facebook owner Meta to pay 479 million euros ($552 million) to Spanish digital media outlets for unfair competition practices and infringing European Union data protection regulation, a ruling the company will appeal. Madrid’s Commercial Court said on Thursday that the compensation, to be paid out to 87 digital …
Spanish court orders Meta to pay $550 million to digital media companies Read More »
FRANKFURT (Reuters) -Germany’s economy is likely to see moderate growth in the final quarter of the year as services drive expansion and its ailing industrial sector stabilises, the Bundesbank said in a monthly report on Thursday. German growth was flat last quarter and Europe’s biggest economy has been stagnant for most of the past three …
Germany can expect modest growth in Q4 as industry stabilises, Bundesbank says Read More »
PARIS/MILAN (Reuters) -The global luxury goods industry is likely to sell 3% to 5% more next year after stagnating in 2025, but years of aggressive price increases have alienated customers, threatening long-term growth, Bain & Company warned on Thursday. Bain said next year’s growth will be driven by continued momentum in the United States, resilient …
Luxury sector to revive in 2026 but price hikes leave shoppers ‘betrayed’, Bain says Read More »
LONDON (Reuters) -British manufacturers reported the sharpest fall in output since August 2020 during the three months to the end of November, due to uncertainty ahead of next week’s annual budget, and do not expect any improvement in the months ahead. The Confederation of British Industry said its industrial output balance for the three months …
UK manufacturers report sharpest drop in output since August 2020 Read More »
By Dimitri Rhodes and Mathieu Rosemain (Reuters) -French bank BNP Paribas on Thursday raised its core capital buffer, known as CET1, to 13% by 2027, up from 12.5% just two months ago, as it aims to reassure investors and narrow the gap with some European rivals. The increased forecast reflects stronger group profitability, moderate annual …
BNP Paribas lifts core capital goal amid investor concerns Read More »
PRAGUE (Reuters) -Czech gunmaker Colt CZ Group posted a rise in its nine-month earnings on Thursday but lowered its annual outlook, citing revenue delays caused by the U.S. government shutdown. The United States is one of the company’s biggest markets, alongside its European sales of firearms and ammunition. Due to the U.S. shutdown, Colt CZ …
Czech gunmaker Colt CZ Group lowers annual outlook on US shutdown impact Read More »
