By Corina Pons MADRID (Reuters) – Puig, the Spanish beauty company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier, expects revenue growth to slow to 6%-8% this year following an 11% increase in sales in 2024. The company has been aiming to improve gross margins to cope with potential tariffs in the United …
Rabanne owner Puig expects slower sales growth in 2025, wary of US tariffs Read More »
(Reuters) – Italy’s biggest bad loan manager doValue returned to profit in 2024 helped by lower depreciation and amortization on intangibles, it said on Thursday. It reported a net income of 1.9 million euros ($1.98 million), up from a loss of 17.8 million euros the previous year. Full-year gross revenue was flat at 479.2 million …
doValue turns to profit in 2024, sees core profit up to 220 million euros in 2025 Read More »
By Olivier Cherfan (Reuters) – French construction materials group Saint-Gobain reported full-year operating income broadly in line with analyst expectations on Thursday against a backdrop of a difficult economic environment in Europe. The company, which designs, manufactures and distributes materials for the building and industrial market, said its full-year operating income was 5.30 billion euros, …
Saint-Gobain meets operating income expectations against tough European backdrop Read More »
FRANKFURT (Reuters) – The European Central Bank has taken down some interfaces of its securities settlement system as it works to resolve an ongoing glitch that disrupted communications within that network, known as Target 2 Securities (T2S). “As a result of the incident resolution activities also the T2S and Common Component Graphical User Interfaces (GUIs) …
ECB takes down securities settlement system’s interfaces after incident Read More »
ATHENS (Reuters) -Greek Alpha Bank Services and Holdings said on Thursday it has reached a binding agreement to buy small Cypriot bank AstroBank for about 200 million euros. The transaction will take place through Alpha Bank Cyprus, which is Alpha Bank’s unit in Cyprus, and is expected to be concluded in the last quarter of …
Greek Alpha Bank agrees to buy Cypriot Astrobank Read More »
By Nathan Vifflin (Reuters) -Valeo CEO Christophe Perillat said on Thursday he saw a marginal impact on earnings from U.S. tariffs on steel and aluminium, while the company would pass on the full costs of trade levies on goods from Mexico, China and Canada to its customers. U.S. President Donald Trump said 25% tariffs on …
Car parts supplier Valeo weighs Trump tariffs, sees slight recovery in 2025 Read More »
PARIS (Reuters) – Tariff costs will need to be compensated by carmakers as auto suppliers cannot alone absorb or even share their burden, Valeo CEO Christophe Perillat said on Thursday. (Reporting by Gilles Guillaume; Editing by Makini Brice)
By Rajasik Mukherjee (Reuters) – Ramsay Health Care has appointed Goldman Sachs to look at strategic options for its stake in its European division following an internal review, the Australian private hospital operator said on Thursday, hinting at a potential sale. The decision comes on the heels of management changes made earlier this year, including …
Australia’s Ramsay Health Care mulls potential sale of European arm Read More »
ATHENS (Reuters) – Greece’s Eurobank on Thursday hiked its profit goal for the coming years after reporting strong net profit for 2024 due to higher net interest and growing foreign business. The bank reported net earnings of 1.45 billion euros ($1.51 billion) for 2024, up 27% from the 1.14 billion euros in 2023 supported by …
By Francesca Landini MILAN (Reuters) -Italy’s Eni said on Thursday it would expand its low-carbon activities as part of its 2025-2028 strategy, creating a new company for its carbon capture and storage activities, and offering power for data centres. The state-controlled group said it would add the two new businesses to its renewable and retail …
Italy’s Eni to create carbon capture unit, offer power to data centres Read More »
