By Muvija M and William James LONDON (Reuters) -Britain unfroze the assets of Syria’s central bank and 23 other entities including banks and oil companies on Thursday, reversing sanctions imposed during Bashar al-Assad’s presidency. The West is rethinking its approach to Syria after insurgent forces led by the Islamist Hayat Tahrir al-Sham ousted Assad as …
UK lifts sanctions on Syrian central bank and petroleum firms Read More »
MILAN (Reuters) – Salvatore Ferragamo on Thursday reported that its adjusted operating profit had more than halved last year, as the Italian luxury leather goods group seeks a new boss to replace departing Chief Executive Marco Gobbetti. The company cited a slowdown in Asian markets, with a particularly difficult environment in China, and a challenging …
Salvatore Ferragamo sees no quick fix after profit crumbles Read More »
By Andrea Shalal WASHINGTON (Reuters) – Ukraine is continuing to make good progress in implementing structural reforms, but its economic outlook remains exceptionally uncertain given its ongoing war against Russia’s invasion, the International Monetary Fund said on Thursday. IMF spokesperson Julie Kozack said the war was taking a heavy toll on Ukraine’s people, economy and …
Ukraine’s economic outlook remains exceptionally uncertain, IMF says Read More »
By Joanna Plucinska LONDON (Reuters) -Air France-KLM, on the back of promising fourth quarter results, is hoping for even more of a tailwind this year from an unlikely source: American TV shows such as ‘Emily in Paris’ that have boosted the allure of the French capital. Air France-KLM and Lufthansa both reported results on Thursday …
Emily in Paris bump? Air France-KLM sees boost from American TV shows Read More »
DUBLIN (Reuters) -Ireland’s largest hotel group Dalata has launched a strategic review to explore options to enhance shareholder value, including but not limited to a potential sale of the group, it said on Thursday, sending its shares up 16%. Dalata operates 55 hotels under the Maldron Hotel and Clayton Hotel brands, with most located in …
Dalata Hotel Group strategic review and potential sale drives up shares Read More »
By Kate Abnett BRUSSELS (Reuters) – European Union countries have pushed back on a European Commission plan to keep the bloc’s binding storage goals for two more years, demanding that the targets are made more flexible, EU diplomats told Reuters. The European Commission on Wednesday proposed keeping Europe’s binding targets to fill gas storage until …
EU countries seek more flexibility on gas storage targets Read More »
By Leo Marchandon and Mara Vilcu (Reuters) -French advertising giant Publicis said on Thursday it has reached an agreement to acquire data and ID technology group Lotame and plans to wrap it into targeted marketing unit Epsilon, its main business driver. The acquisition is expected to significantly boost Publicis’ technological edge in the rapidly evolving …
Publicis doubles consumer reach to 4 billion with Lotame acquisition Read More »
By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares pared declines to close flat on Thursday, after the European Central Bank’s interest rate cut boosted bank stocks, offsetting pressures from rising long-term bond yields. The pan-European STOXX 600 recovered from a 0.9% decline to close flat. The ECB reduced interest rates as expected and signalled …
STOXX 600 closes flat as ECB boost counters pressures from yields Read More »
PARIS (Reuters) – French power giant EDF said on Thursday it will offer long-term nuclear power contracts to companies outside France as long as they are able to take delivery of the electricity. The call for interest in the contracts, known as nuclear production allocation contracts (CAPN), comes as EDF struggles to sign long-term agreements …
EDF seeks clients outside France for long-term nuclear power contracts Read More »
By Alberto Chiumento (Reuters) -Italian hearing aid company Amplifon on Thursday reported a core profit margin below annual guidance and a drop in net profit, pushing its shares down as much as 15.7%, the lowest level since May 2020. Amplifon, which cut the initial 24.6% margin target twice over the past year to 24.0%, posted …
Italy’s Amplifon reports 2024 margin below guidance, shares plunge 16% Read More »
