BERLIN (Reuters) – Public sector workers and ground staff at Munich Airport will go on a two-day strike starting Thursday after wage negotiations ended without result, the Verdi union said on Monday. “Significant impacts on traffic operations are to be expected,” the airport said in a notice on its website advising travellers to check the …
Workers to hold two-day strike at Munich airport in row over pay Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Commission will propose exemptions for “the vast majority” of companies covered by the European Union’s carbon border levy on the grounds that they produce only 1% of emissions in the scheme, a draft proposal showed. The move, due to be proposed this week as part of a package …
EU to make most companies exempt from carbon border levy, draft shows Read More »
By Miranda Murray and Rachel More BERLIN (Reuters) -Business morale in Germany unexpectedly stagnated in February, a survey showed on Monday, dealing a tough hand to a future government after Sunday’s election in which parties promised to lift Europe’s top economy out of a perpetual downturn. The Ifo institute said its business climate index remained …
German business morale stagnates in February ahead of election Read More »
ROME (Reuters) – Italy’s state-owned bad loan manager AMCO said on Monday that it will buy 80% of public credit management company Exacta Group from Eulero Capital and the Oreglia founding family. The acquisition of Exacta – which manages the recovery of unpaid taxes on behalf of local public administrations – falls in line with …
Italy’s AMCO to buy 80% of public credit management group Exacta Read More »
(Reuters) – Discount retailer B&M issued a profit warning on Monday blaming uncertain economic conditions, and said CEO Alex Russo would retire after two and a half years in the role. Shares in the company, which sells everything from hats and heaters to toys and food, fell 5% in early trading as analysts said Russo’s …
Discount retailer B&M warns on profit, says CEO to retire Read More »
By Padraic Halpin DUBLIN (Reuters) -Bank of Ireland increased its returns to shareholders following a 4% fall in full-year pretax profit and said further consistent deposit and loan book growth would support a progressive dividend policy up to 2027. Ireland’s biggest lender provided estimates for 2026 and 2027 for the first time on Monday, saying …
Bank of Ireland boosts shareholder returns with positive outlook to 2027 Read More »
By Giulio Piovaccari MILAN (Reuters) – As Stellantis chairman John Elkann interviews CEO candidates, deciding how many of the automaker’s 14 brands have a viable future is a significant priority. The French-Italian company’s sprawling portfolio – the largest among its peers, which mostly focus on one or two brands – reflects its origins in a …
Stellantis faces brands dilemma as it searches for new CEO Read More »
(Reuters) – Europe’s biggest meal delivery firm Just Eat Takeaway.com on Monday reported a rise in its full-year core profit driven by an improvement in the key UK and Ireland markets, mainly due to lower costs of fulfilling orders and more efficient marketing. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 460 …
Just Eat Takeaway posts growth in 2024 core profit Read More »
A look at the day ahead in European and global markets from Wayne Cole. The market reaction has been relief at the election of the relatively mainstream CDU/CSU conservatives in Germany’s election, with DAX futures now up 1.4% after a slow start. The euro has added 0.5% to a one-month high at $1.0528, clearing the …
Morning Bid: Relief as German vote dodges extremes Read More »
MILAN (Reuters) – Italian oil services company Saipem SPMI.MI said on Sunday that it will merge with Norwegian rival Subsea 7 in a deal valued at about $4.63 billion. Subsea7 shareholders will receive 6.688 Saipem shares for each share they hold, the companies said in a statement. The combined company, to be renamed Saipem7, will …
Saipem to merge with oil services rival Subsea7 in $4.6 billion deal Read More »
