LONDON (Reuters) -British business information group RELX said it expected another strong year of growth in 2025 after reporting a 10% rise in profit last year, as its generative AI products gained traction in the legal and medical professions. Shares in RELX, which competes with Thomson Reuters and have risen 23% in the last 12 …
UK’s RELX says generative AI is driving profit growth Read More »
By Tom Sims and Patricia Weiss FRANKFURT (Reuters) -Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit’s advances for a tie-up between the German and Italian lenders. The job cuts, mainly in Germany and expected to take place …
Commerzbank to cut 3,900 jobs, mainly in Germany, as it seeks to fend off UniCredit Read More »
COPENHAGEN (Reuters) -French energy regulator CRE has fined Norway’s Equinor and its trading arm Danske Commodities a total of 12 million euros ($12.5 million) for violation of wholesale gas market rules. Equinor and Danske, which were fined 4 million euros and 8 million euros respectively, will appeal against the ruling, the Norwegian group said. The …
Equinor and its trading arm fined $12.5 million by French energy regulator Read More »
By Paolo Laudani (Reuters) -German online takeaway food company Delivery Hero on Thursday reported stronger than expected growth for the fourth quarter, aided by strong order development and increasing basket size on its platform. Its shares, which have fallen around 60% from their January 2021 highs as investors shunned food delivery stocks after the pandemic …
Delivery Hero serves 4th quarter growth above estimates, shares rise Read More »
By Anastasiia Kozlova (Reuters) -Telecom firm Swisscom on Thursday reported fourth-quarter results below market expectations, hurt by weakness in its core Swiss business and costs related to the acquisition of Vodafone Italia. Its stock was 4.2% lower at 0942 GMT, on track for its worst day since October. Quarterly revenue in the Swiss company’s domestic …
Swisscom results miss estimates on domestic weakness, deal costs Read More »
By Nora Buli OSLO (Reuters) – Cheaper solar power and battery storage are expanding the technologies’ role in stabilising energy systems and thus offering more opportunities for renewables, the CEO of renewables developer Scatec told Reuters. Norway’s Scatec builds, owns and operates renewable energy plants. It operates 4.2 gigawatt (GW) of capacity, with another 0.8 …
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Industrial conglomerate Thyssenkrupp raised its free cash flow outlook on Thursday due to a strong performance at its warship division, which has gained momentum in light of a tighter focus on security after the outbreak of the Ukraine war. Thyssenkrupp said a major submarine order from …
Thyssenkrupp raises cash flow outlook on defence division strength Read More »
By Maria Martinez BERLIN (Reuters) – The German economy will contract by 0.5% this year, shrinking for a third consecutive year, the German Chamber of Commerce and Industry (DIHK) said on Thursday, forecasting the longest period of weakness in Germany’s post-war history. “This is a turning point and emphasises the acute need for action,” DIHK …
German GDP expected to contract 0.5% this year, DIHK says Read More »
By Elizaveta Gladun and Linda Pasquini (Reuters) -Douglas reported first-quarter core profit below expectations on Thursday, sending its shares plummeting more than 16%, with the German perfume and cosmetics retailer flagging intensified promotional efforts amid sluggish demand. Europe’s largest beauty retailer confirmed its forecast for the 2024/25 fiscal year it gave in December, but said …
German beauty retailer Douglas reports core profit miss, flags slowing demand Read More »
By Stefania Spezzati LONDON (Reuters) – Barclays has extended the chairmanship of Nigel Higgins for another three years as the bank looks to push ahead with a turnaround plan unveiled last year, the lender said in its annual report on Thursday. The bank also increased Higgins’ salary by 8% to 925,000 pounds, it said. Barclays …
Barclays extends Chairman Higgins’ tenure by three years Read More »
