By Rachel More BERLIN (Reuters) – The number of people out of work in Germany rose in February at a slower rate than expected, data showed on Friday, but the federal labour office warned that economic malaise was still putting pressure on the job market. The office said the number of people unemployed increased by …
German unemployment rises less than forecast in February, labour office says Read More »
(Reuters) – Britain’s biggest property portal Rightmove on Friday forecast an 8%-10% growth in 2025 revenue, bigger than last year’s 7% rise, bolstered by higher traffic on its website for enquiries and rate cuts that are supporting mortgages. WHY IT’S IMPORTANT Mortgage lending volumes rose in the UK towards the end of 2024 over the …
UK property portal Rightmove expects bigger revenue growth in 2025 Read More »
(Reuters) – Semiconductor parts supplier Morgan Advanced Materials on Friday forecast a drop in organic revenue this year due to uncertain demand, sparked, in part, by U.S. President Donald Trump’s tariff threats. The company — which has manufacturing plants in the U.S. as well as in Trump’s key tariff targets of Mexico, Canada and China …
UK chip parts supplier Morgan Advanced flags revenue hit as trade tariff woes hit demand Read More »
By Marta Frackowiak and Dimitri Rhodes (Reuters) -Clariant missed market expectations for fourth-quarter adjusted core earnings on Friday, sending its shares 11% lower in early trading, after its Care Chemicals unit was hit by lower seasonal business in the aviation and refinery end markets. The Swiss speciality chemicals maker said its adjusted earnings before interest, …
Clariant’s underlying core profit misses forecasts, shares slump Read More »
By Hugo Lhomedet and Alessandro Parodi (Reuters) – (This Feb. 27 story has been corrected to say expected margin increase is up to 10 bps, not 10%, in paragraph 4) France’s Teleperformance expects faster sales growth this year thanks to the consolidation of two acquisitions and AI partnerships, the call centre and office services group …
Teleperformance sees revenue growth acceleration after year of consolidation Read More »
By Nathan Vifflin and Mathias de Rozario (Reuters) -French car parts supplier Forvia is drafting an action plan on how to deal with the impact of U.S. tariffs on its Mexican operations, and plans to pass on costs to customers, it said on Friday. Forvia joins peer Valeo in saying car part suppliers cannot bear …
Car parts supplier Forvia to pass on cost of US tariffs to customers Read More »
(This Feb. 27 story has been corrected to say Berenberg, not Jefferies, in paragraph 11) By Dimitri Rhodes (Reuters) – Belgian chemicals maker Syensqo said it was exploring a potential dual listing in the U.S. after it forecast softer than expected core profit for 2025 on Thursday. The company is pursuing the U.S. listing as …
Syensqo explores US listing to position itself for growth in key market (Feb. 27) Read More »
(Reuters) – French inflation dropped below 1% for the first time in four years in February, preliminary data from statistics agency INSEE showed on Friday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, was 0.9% year-on-year in February, INSEE said. It was the first time the rate was below 1% since …
French inflation below 1% for first time in 4 years in February, preliminary data shows Read More »
STOCKHOLM (Reuters) – Sweden’s sluggish economy picked up speed in the fourth quarter thanks to strong exports, business investment and household spending, with the figures likely to support the central bank’s view that interest rates have now bottomed out after a series of cuts. Gross domestic product grew 0.8% in the fourth quarter of 2024 …
By Amy-Jo Crowley, Iain Withers and Stefania Spezzati LONDON (Reuters) – When Schroders CEO Richard Oldfield presents his revamp of the 221-year-old British fund manager next week, one group of investors will be watching more closely than usual: the founding family. Oldfield, at the helm since November, is expected to outline cost cuts and prioritise …
Schroders CEO plans reboot under pressure from founding family, sources say Read More »
