By Alberto Chiumento and Giancarlo Navach (Reuters) – Italian engineering company MAIRE will list its sustainable technology business when the market values it at 2 billion euros ($2.11 billion), its Chief Executive said on Tuesday after the group reported 2024 core profit in line with its guidance. The NEXTCHEM business was valued at 1.4 billion …
By Maha El Dahan, Olesya Astakhova and Alex Lawler DUBAI/MOSCOW/LONDON (Reuters) – As OPEC+ debated whether to keep oil output steady due to weak global demand or pump more in response to internal pressure and a call from U.S. President Donald Trump, it was record output from Kazakhstan that helped sway the decision, sources told …
Exclusive-Kazakh overproduction helped sway OPEC+ to approve output hike, sources say Read More »
(Reuters) -Shell’s Director of Integrated Gas and Upstream, Zoe Yujnovich, will step down at the end of the month after more than a decade with the oil major, it said on Tuesday. In a move aimed at simplifying its leadership structure, Shell has appointed Cederic Cremers as President of Integrated Gas and Peter Costello as …
Shell overhauls executive team, integrated gas and upstream director to leave Read More »
By Elisa Anzolin MILAN (Reuters) -Prada’s CEO indicated on Tuesday the Italian fashion group was at least looking at potential mergers and acquisitions following reports linking it with possible deals for fellow luxury brands Versace and Jimmy Choo. Speaking after Prada, which has defied a slowdown in luxury demand to outperform many of its peers, …
‘When things come around, you’ll look’, Prada says after talk of Versace tie-up Read More »
MILAN (Reuters) – Italian spirits group Campari warned on Tuesday of the potential hit from U.S. tariffs in what it said would be a “transitional year” under its new chief executive. The spirits industry is facing a prolonged downturn in demand and concerns about tariffs, which led Diageo to withdraw its sales growth target and …
Campari warns of tariffs impact, sees 2025 as “transition year” Read More »
By Kate Abnett and Philip Blenkinsop BRUSSELS (Reuters) – The European Commission aims to accelerate demand for electric vehicles (EVs) in corporate fleets with an emphasis on ending tax breaks for petrol or diesel-powered company cars, according to a draft paper to be published on Wednesday. The EU executive will announce its auto industry action …
EU to promote company EVs with end to tax breaks for fossil fuel corporate cars Read More »
By Tim Hepher and Giulia Segreti PARIS/ROME (Reuters) -Europe’s arms firms are ready and willing to step up to fill a defence gap left by U.S. President Donald Trump’s pause on military aid for Ukraine, but getting there will take time and depend on how fast political pledges turn into contracts. Europeans are racing to …
Europe’s arms makers say filling Ukraine defence gap will take time Read More »
By Adam Jourdan, John Revill, Victoria Waldersee and Giselda Vagnoni LONDON (Reuters) -European companies, from Swiss chocolatiers to German car parts makers, are preparing their “plan Bs” to adapt to U.S. trade tariffs that became a blunt reality on Tuesday, with a second barrage specifically targeting the region expected next month. U.S. President Donald Trump …
Europe Inc take evasive action as Trump tariffs hit, braces for second wave Read More »
(Reuters) – European defence company shares retreated on Tuesday, surrendering earlier gains, after record run up on Monday, when stocks were buoyed by the prospect of higher defence spending in the region. The entire sector rose sharply on Monday after the clearest sign yet Europe’s leaders were racing to boost spending and help secure peace …
Europe’s defence stocks pull back after gravity-defying rally Read More »
By Tim Hepher PARIS (Reuters) – Shares in France’s Thales jumped more than 11% on Tuesday, extending a surge in European weapons-related stocks, after the defence and technology firm posted stronger-than-expected 2024 earnings despite losses in its space business. Europe’s largest defence electronics firm said adjusted operating income rose 5.7% on a like-for-like basis to …
Thales soars as 2024 earnings beat forecasts on defence spending Read More »
