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(Reuters) -France’s Bouygues posted slightly better-than-expected full-year core earnings on Thursday, as positive performances in its energy division Equans and construction unit helped offset a sharp decline in the real estate business. The construction-to-telecoms group reported a 2024 current operating profit from activities (COPA) of 2.54 billion euros ($2.75 billion), above the company-compiled consensus of …

France’s Bouygues tops annual profit estimate on upbeat energy, construction units Read More »

MADRID (Reuters) -Spanish telecommunications company Telefonica has hired Rothschild to help it sell its unit in Peru that filed for bankruptcy protection last month, the El Confidencial news outlet reported on Thursday. Last month, Telefonica sold its unit in Argentina for $1.245 billion as part of a strategy under new management led by Marc Murtra …

Telefonica hires Rothschild to help sell its Peru unit, El Confidencial reports Read More »

By Sinead Cruise and Iain Withers LONDON (Reuters) -Top trade bodies for Britain’s financial services and defence industries met on Wednesday to craft a wishlist of policy reforms they say could drive more debt finance and equity capital towards Britain’s defence sector, sources said. TheCityUK, UK Finance and defence industry peer ADS Group convened as …

UK finance, defence trade bodies explore funding blueprint for arms race Read More »

FRANKFURT (Reuters) – Merck KGaA on Thursday forecast currency-adjusted operating earnings growth of up to 8%, helped by demand for semiconductor chemicals and for lab equipment in biotech drug production. The German group said in a statement that 2025 earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, would likely reach between …

Merck KGaA sees forex-adjusted earnings growth of up to 8% this year Read More »

DUESSELDORF (Reuters) – Volkswagen will focus the sales strategy for its 20,000-euro ($21,580.00) electric car coming out in 2027 on Europe, its brand chief said on Wednesday, adding the carmaker needed until then to bring down battery costs to sell it at that price. The car will be the first in Volkswagen’s line-up to feature …

Volkswagen’s entry-level electric car targeted at Europe, brand chief says Read More »

(Reuters) -Rio Tinto said on Thursday it will invest $1.8 billion to develop its Brockman Syncline 1 iron ore project in the Pilbara region of Western Australia. The world’s largest iron ore producer said the project has obtained the required approvals from both state and federal governments, and is now on track to begin producing …

Rio Tinto to invest $1.8 billion to develop Brockman iron ore mine in Pilbara Read More »