By Marleen Kaesebier (Reuters) – Deutsche Telekom shares fell on Wednesday after the company’s earnings for 2024 and its forecasts for the current year fell short of expectations. The shares were down 3.8% by 0828 GMT and were at the bottom of the German blue chip index. They are up about 21% year to date, …
Deutsche Telekom shares fall as results miss analysts’ expectations Read More »
(Reuters) -OTE Telecom, Greece’s biggest telecoms operator, reported a 1% rise in adjusted core earnings in the fourth quarter on Wednesday, driven by growth in its Greek mobile operations as well as lower personnel and maintenance costs in Greece. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the fourth quarter came in at …
Greece’s OTE Telecom’s adjusted core earnings rise in Q4 on Greek operations Read More »
LONDON (Reuters) – Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said on Wednesday. The 480-megawatt fixed-bottom offshore wind project, called Morecambe, is off the Lancashire coast in the Eastern Irish Sea. It will have enough capacity to power over half …
Copenhagen Infrastructure Partners to buy Morecambe wind project Read More »
(Reuters) -British wealth manager Rathbones reported a 79% surge in its full-year pre-tax profit on Wednesday, beating market expectations, helped by higher inflows and customer numbers. The London-based company reported an underlying pre-tax profit of 227.6 million pounds ($287.96 million) for the year ended December 2024, up from 127.1 million pounds reported a year earlier. …
UK’s Rathbones annual profit beat estimates on higher inflows, customer numbers Read More »
(Reuters) -British lender Metro Bank on Wednesday said it has signed an agreement to sell a portfolio of about 584 million pounds ($738.88 million) of unsecured personal loans. A spokesperson of the bank declined to comment on who had bought the portfolio. The transaction is expected to result in a gain of about 11 million …
Britain’s Metro Bank sells 584 million pounds unsecured personal loan book Read More »
(Reuters) – German chemicals maker Covestro said on Wednesday it expects 2025 core profit to be similar to, or slightly above, last year results which came in a touch above expectations. Covestro, whose main products include foam chemicals used in mattresses, car seats and insulation for buildings, estimates annual earnings before interest, tax, depreciation and …
Covestro expects 2025 core profit similar to last year Read More »
(Reuters) – Romanian state-owned power producer Hidroelectrica reported a fall of 35% in yearly net profit on Wednesday, citing lower electricity generation, sales volumes, and selling prices. The company posted net profit of 4.12 billion lei ($868.78 million) for the year ended December 31, 2024, down from 6.37 billion lei in 2023. Revenue also dropped …
Romania’s Hidroelectrica annual profit drops on lower production Read More »
By Danilo Masoni and Samuel Indyk MILAN (Reuters) – A growing number of investors and strategists expect a correction in their local European stock market over the coming three months, before the region’s equities start rising again and hitting new highs in 2026, a Reuters poll found. According to the poll 54% of respondents see …
European stocks vulnerable to pullback before reaching new heights: Reuters poll Read More »
A look at the day ahead in European and global markets from Rae Wee Quarterly earnings from AI darling Nvidia is Wednesday’s marquee event for markets, with much riding on the chipmaker to deliver results that could placate investors who are questioning hefty spending in artificial intelligence. Investors have begun second-guessing U.S. tech giants since …
Morning Bid: Nvidia results offer window into AI spending Read More »
By Kate Abnett BRUSSELS (Reuters) – Plans due to be published by the European Commission on Wednesday could shave 45 billion euros ($47.3 billion) off the EU’s fossil fuel import bill this year, according to the EU executive’s analysis. The Commission is due to propose a raft of measures to support European industries struggling with …
EU says energy plan could cut 45 billion euros off fossil fuel import bill Read More »
