BARCELONA (Reuters) – Spanish drugmaker Grifols reported on Wednesday a net profit of 157 million euros ($165.02 million) for 2024 on revenues of 7.21 billion euros, up 10.2% from a year earlier and above its target for 7% sales growth. Analysts polled by LSEG expected revenues of 7.14 billion during the period. Adjusted earnings before …
Grifols’ sales rise over 10% in 2024, above target Read More »
By Kate Abnett and Julia Payne BRUSSELS (Reuters) – The European Commission plans to loosen its rules on corporate sustainability reporting and supply chain transparency, it said on Wednesday, in a bid to make Europe more competitive with the United States and China. The plans – or “Simplification Omnibus” – are part of a wider …
Europe plans to ease sustainability reporting rules to compete globally Read More »
(Reuters) -Britain’s FTSE 100 touched one-week highs on Wednesday, led by gains in banks and mining stocks, while luxury retailer Burberry boosted the midcap index following a rating upgrade. The blue-chip FTSE 100 rose 0.7% to its highest since February 19. Banks were the biggest boost to the index, with mortgage lender Lloyds gaining 4.6% …
FTSE 100 hits one-week high on banks, mining boost Read More »
By Susanna Twidale LONDON (Reuters) – Britain must end its reliance on fossil fuels, switch to electric vehicles and heat pumps, and eat less meat to reach its 2050 net zero target, the country’s climate change advisers said on Wednesday. The advice, in the Climate Change Committee’s (CCC) seventh carbon budget for 2038-2042, lays bare …
Britain needs huge switch to EVs, heat pumps and to eat less meat to hit net zero Read More »
BRUSSELS (Reuters) – The EU Commission on Wednesday said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia. The commission said the takeover raised no concerns, as the companies’ combined market share in the supply of optical transport equipment would be moderate and would still …
EU approves $2.3 billion takeover of Infinera by Nokia Read More »
By Amy-Jo Crowley and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) -German group Stroeer’s sale of its multi-billion-euro outdoor advertising business has suffered a setback as two bidders balked at the asking price, amid worries over the country’s economy, three people familiar with the talks told Reuters. Stroeer, Germany’s leading outdoor advertiser, is a bellwether of Europe’s biggest …
German advertiser Stroeer’s sale in doubt as economy falters Read More »
MILAN (Reuters) – UniCredit’s Russian subsidiary last year sued the Italian bank’s own German arm as part of a court case relating to guarantee payments in Russia which UniCredit could not honour because of sanctions, the lender’s annual report showed. The case, which dates back to 2023, highlights the risks linked to its ongoing presence …
UniCredit’s Russia unit sued German arm in Moscow court case Read More »
BRUSSELS (Reuters) – The European Commission announced an Affordable Energy Action Plan on Wednesday to lower electricity bills, help roll out clean energy sources and diversify suppliers. The plan is part of its Clean Industrial Deal that aims to boost clean tech and help energy-intensive industries stay competitive globally. Here are some of the main …
Factbox-What is in the EU’s Affordable Energy Action Plan? Read More »
By Tom Sims and Alexander Hübner FRANKFURT – Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European reinsurer for the January catastrophe. The wildfires killed more than two dozen people and …
Munich Re faces $1.3 billion in claims from Los Angeles inferno Read More »
By Tim Hepher, Padraic Halpin and Conor Humphries (Reuters) – The head of the world’s largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used aircraft or engines if and when its markets reopen but that he saw no rush by Western lessors to resume renting jets. Talks aimed at …
AerCap CEO sees no quick return to Russia if market reopens Read More »
