By Jakob Van Calster and Mateusz Rabiega (Reuters) – Shares of Belgium’s largest bank KBC hit a three-year high on Thursday as strong revenue and a one-off tax benefit lifted fourth quarter net profit above expectations. At 0920 GMT the bank’s shares were up 3.7%, the highest since February 2022. “KBC presented a strong set …
KBC shares hit 3-year high on profit beat, improved guidance Read More »
MADRID (Reuters) – Shares in Spanish travel technology company HBX Group plunged on their market debut on Thursday, erasing 236 million euros of its market value. HBX Group, which owns the Hotelbeds brand, had priced its shares at 11.50 euros earlier in the week for a 2.84 billion euro ($2.96 billion) valuation, in one of …
Spanish travel technology group HBX slumps on market debut Read More »
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 following are key elements of the strategy review: * To cut 3,900 jobs, mainly in …
Factbox-Key elements of Commerzbank’s strategy update as it fends off UniCredit Read More »
DUBLIN (Reuters) – The chief executive of major Boeing customer Avolon said on Thursday he was really encouraged by progress being made by the U.S. manufacturer in stabilising production in the wake of a seven-week strike late last year. Boeing on Tuesday said it had delivered 45 airplanes in January, the most deliveries in a …
Major Boeing customer Avolon sees ‘impressive’ progress in production following strike Read More »
BERLIN (Reuters) – There has been no noticeable economic recovery in Germany since the beginning of the year, the economy ministry said in its monthly report released on Thursday. “Against the backdrop of persistently weak domestic and foreign demand, increased domestic and geopolitical risks, particularly with regard to U.S. trade policy, … there are still …
No sign of German economic recovery at start of 2025, ministry says Read More »
ROME (Reuters) – Delfin will soon hike its stake in Generali, Chair Francesco Milleri said on Thursday, in a move that may give greater influence to the holding company of late billionaire Leonardo Del Vecchio ahead of the insurer’s board renewal. Delfin, which currently owns 9.8% of the insurer, was given a green light by …
Del Vecchio family company to soon raise stake in Generali, chair says Read More »
ROME (Reuters) -Luxury logistics company Ferrari Group said on Thursday it priced its initial public offering at 8.60 euros per share, just above the midpoint of its indicative price range. Ferrari Group’s shares were up almost 5% in early trading on its debut on the Amsterdam bourse. The IPO price gave the company an initial …
Ferrari Group IPO priced at 8.6 euros, shares up almost 5% in Amsterdam debut Read More »
By Anna Peverieri (Reuters) – French industrial group Legrand guided on Thursday for full-year 2025 organic sales growth of 6% to 10%, prompting its shares to rise to a 5-year high, as it reported full-year sales last year above market expectations. Shares were up almost 8% at 0818 GMT, outperforming France’s blue chip index CAC …
France’s Legrand results lift shares to 5-year high Read More »
By Essi Lehto HELSINKI (Reuters) -Finland’s Finnair on Thursday reported a rise in quarterly earnings that topped market expectations and said it expects revenue to rise in 2025, sending the airline’s shares up more than 12% in morning trade. Finnair, majority-owned by Finland’s government, seeks to rebound from the twin blows dealt by the COVID-19 …
Finnair shares rise 12% after earnings beat and raised revenue outlook Read More »
By Gianluca Lo Nostro and Leo Marchandon (Reuters) – French telecom operator Orange on Thursday reported a fourth-quarter core profit that beat market expectations, as its home market swung into profit. The company’s Paris-listed shares jumped 2.5% to levels last seen in April 2024 in early trading. Group earnings before interest, taxes and depreciation and …
France’s Orange posts quarterly profit beat on rebound in home market Read More »
