By Gianluca Lo Nostro (Reuters) – Airbus could prioritise deliveries to non-U.S. customers if tariffs imposed by U.S. President Donald Trump were to disrupt the company’s imports in the country, CEO Guillaume Faury said in an interview with CNBC on Thursday. Trump said on Wednesday he will announce new tariffs over the next month or …
Trump tariffs may push Airbus to prioritise non-US clients, CEO says Read More »
By Giulia Segreti ROME (Reuters) – Italy’s Leonardo reported 2024 results on Thursday above or in line with the guidance it had set for the year as the state-controlled defence group presses on with its efforts to lead European consolidation in the sector. Leonardo’s orders, revenues, and cash flow were all above the guidance set, …
Italy’s Leonardo beats 2024 guidance for revenue and orders Read More »
By Sam Tobin LONDON (Reuters) – A former Janus Henderson analyst used confidential information on companies including Daimler, Jet2 and THG to make nearly 1 million pounds ($1.3 million) with his sister and others, prosecutors told a London court on Thursday. Redinel Korfuzi, 37, is accused of using information he accessed through his job as …
Former Janus Henderson analyst on trial in UK for insider dealing Read More »
COPENHAGEN (Reuters) – British sportswear and fashion group Frasers said on Thursday it would not proceed with its bid for Norwegian sporting goods retailer XXL ASA, saying several of XXL’s other large shareholders would not accept the offer. Frasers, which already holds 25.8% of the issued share capital of XXL in December launched a bid …
By Shankar Ramakrishnan and Laura Matthews (Reuters) – U.S. companies with overseas operations are taking advantage of lower rates in euros to slash their debt funding costs and soften the blow of higher interest rates with a hedging strategy that is expected to expand if the Fed continues to pause rate cuts and other central …
Analysis-US companies swap dollar bonds into euros to lower funding costs Read More »
SANTIAGO (Reuters) -Chilean state-run copper giant Codelco and London-listed miner Anglo American signed a memorandum of understanding to jointly operate neighboring copper mines in central Chile, the companies announced on Thursday. In a letter to the local regulator, Codelco said its board of directors approved a deal to operate its Andina mine alongside Anglo American’s …
Codelco, Anglo American to jointly operate copper mines in central Chile Read More »
By Chandini Monnappa and Chris Thomas (Reuters) -Lloyds Banking Group warned on Thursday of “significant uncertainty” around the impact of a British motor finance inquiry, after it set aside another 700 million pounds ($882 million) to cover a potential compensation scheme. The bank’s latest provision, which led to a bigger-than-expected drop in annual profit, means …
Britain’s Lloyds sets aside $882 million more for car finance probe Read More »
By Paolo Laudani (Reuters) – Zurich Insurance reported slightly higher-than-expected annual operating profit on Thursday, as insurers ride out the impact of climate disasters and wars. It also said it will propose the election of Thomas Jordan, who lead the Swiss National Bank for 12 years until stepping down last September, to its board. Europe’s …
(Reuters) – Encouraging foreign brands to return to Russia would be “ill-advised,” according to the industry and trade ministry, which wants to champion domestic companies that have stepped in to fill the gaps left by departing Western counterparts. More than a thousand companies, from McDonald’s to Mercedes-Benz, left Russia in the last three years by …
Encouraging foreign brands to return to Russia ‘ill-advised’, trade ministry says Read More »
By Anuja Bharat Mistry (Reuters) -Hasbro laid out a $1 billion cost-savings plan on Thursday as the U.S. toymaker navigates subdued demand for its products, sending its shares up about 11% despite a lackluster annual revenue forecast. In its new strategic plan, the Nerf gun and Play-Doh maker will also target an average of mid-single …
Toymaker Hasbro unveils new growth plan; 2025 revenue forecast underwhelms Read More »
