By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) – OPEC+ is debating whether to raise oil output in April as planned or freeze it as its members struggle to read the global supply picture because of fresh U.S. sanctions on Venezuela, Iran and Russia, eight OPEC+ sources said. OPEC+ usually confirms its supply …
Sanctions, tariffs make OPEC+ hesitant on April oil hike, sources say Read More »
MADRID (Reuters) – Spanish engineering company Sacyr posted on Thursday a 7% rise in 2024 net profit, missing market expectations, due to a cyclical drop in revenue after completing construction projects for which it had mostly already been paid. Sacyr finished building several motorways in Latin America and in Italy in the past two years. …
Sacyr 2024 profit up 7%, misses forecast, as revenue from completed projects drops Read More »
By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares retreated from record highs on Thursday, with automakers leading declines as investors evaluated the impact of U.S. President Donald Trump’s potential tariffs on the European Union. The pan-European STOXX 600 index closed down 0.5%, after touching a record high on Wednesday. An index of European autos …
Carmakers drive European shares lower after Trump’s tariff threats on EU Read More »
(Reuters) – British stocks ended mixed on Thursday, with bright forecasts from Rolls-Royce and the London Stock Exchange Group boosting the FTSE 100, while Ocado slid on disappointment over the roll-out of its robotic sites, dragging down the midcap index. The FTSE 100 gained 0.3% to touch a one-week high. The FTSE 350 aerospace and …
Rolls-Royce, LSEG boost FTSE 100 to a one-week high Read More »
MADRID (Reuters) – Spain’s largest hotel chain Melia on Thursday posted a 25% rise in net profit to 162 million euros ($169 million) in 2024, beating analyst expectations, after focusing on luxury accommodation to better benefit from a record tourism boom. Analysts, on average, had expected a net income of 130 million euros. Melia has …
Spanish hotel chain Melia’s profit up 25% with focus on luxury tourism Read More »
ZURICH (Reuters) – The Swiss attorney general’s office said on Thursday it had imposed a $1 million fine on Morgan Stanley’s Swiss operations for failing to do enough to prevent one of its client advisors committing qualified money laundering in 2010. In a statement, the office said the lender’s previous entity, Bank Morgan Stanley (Switzerland) …
Switzerland fines Morgan Stanley $1 million over 2010 money laundering case Read More »
By Mateusz Rabiega and Jakob Van Calster (Reuters) -Ageas said on Thursday that it expects strong annual growth in its European markets in 2025 as it reported full-year net operating profit at the top end of its forecast, on solid performance in its non-life and life insurance segments. Shares of the company edged up slightly …
Insurer Ageas expects European market to outperform Asia business in 2025 Read More »
LONDON (Reuters) – The manager of London’s One Hyde Park apartment block, one of the world’s most expensive addresses, is suing a British construction giant for just over 35 million pounds ($44.2 million), after pipework in the properties became corroded. One Hyde Park was developed by British brothers Christian and Nick Candy with Qatari businessman …
London’s One Hyde Park needs $44 million in repairs, UK court told Read More »
BARCELONA (Reuters) – Spanish drugmaker Grifols said on Thursday it expects its revenue, core earnings and free cash flow to grow significantly in the coming years as it aims to leave behind a tumultuous 2024 when it lost more than 30% of its market value. Shares in Grifols soared 13% on the day following its …
Grifols expects to boost revenue and free cash flow, shares soar Read More »
By Simon Jessop, Kate Abnett and Virginia Furness LONDON (Reuters) – A move by the European Commission to pare back its flagship sustainability reporting rules risks making it harder for investors to decide where to put their money to help the bloc reach its climate goals. Since the 2015 global deal on limiting climate change …
Analysis-EU green finance row-back sets climate investment challenge Read More »
