By Stefano Rebaudo (Reuters) – The pound edged lower against the euro on Tuesday after recording its biggest daily rise in three months a day earlier as investors expect U.S. tariffs to hurt the economy more in Europe than in the UK. It dropped against a strengthening dollar as tariffs against China took effect. It …
Sterling drops versus euro after biggest daily rise in months, awaits BoE Read More »
By James Davey LONDON (Reuters) -The pressure on British consumers eased a little in January as a step-up in supermarket promotions meant grocery inflation edged lower following four straight months of rises, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 3.3% in the four weeks to Jan. 26, down …
UK grocery inflation slows in January, says Kantar Read More »
(Reuters) -Shell said on Tuesday it has restarted production at the Penguins oil field in the UK North Sea, with a new floating, production, storage and offloading (FPSO) facility. The field’s export route, which previously went through the Brent Charlie platform that ceased production in 2021 and is being decommissioned, will shift to the new …
Shell restarts production at Penguins oil field in UK North Sea Read More »
(Reuters) – Spain’s jobless rate inched up in January from the month before, but still held at the lowest level for the time of year – when seasonal work typically drops off after the Christmas holiday – in 17 years. The Labour Ministry said on Tuesday the number of people registering as unemployed rose 1.51% …
Spain’s jobless rates inches up month-on-month in January Read More »
By Gianluca Semeraro ROME (Reuters) -Generali will remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal with France’s BPCE, the insurer said, addressing concerns raised by Italy’s government and two leading investors. In a bid to smooth the deal’s approval process, Generali also reassured in a …
Generali says to keep investment decisions in BPCE deal, won’t cut stake Read More »
By Hugo Lhomedet and Mathias de Rozario (Reuters) -Digital mapping specialist TomTom posted a 2% drop in its annual revenue on Tuesday, slightly above estimates, and forecast lower 2025 earnings on a continued slowdown in the automotive market, sending its shares down 12.4% in early trade. The Amsterdam-based company posted a revenue of 574.4 million …
TomTom sees lower 2025 earnings on automotive market slowdown, shares drop Read More »
By Anna Peverieri and Johan BODINIER (Reuters) -Software developer Dassault Systemes on Tuesday forecast revenue growth of between 6% and 8% for 2025, up from 5% last year, counting on its competitive positioning after its software revenue improved in the final quarter of 2024. The French group, which sells its software to automakers, plane makers …
Software firm Dassault Systemes sees higher sales, earnings in 2025 Read More »
WARSAW (Reuters) – Poland’s higher social, health and defence spending requires sustained fiscal adjustment to reduce the budget deficit and avoid excess demand, the Organisation for Economic Co-operation and Development (OECD) said in a report on Tuesday. The OECD sees Poland’s economy expanding by 3.4% in 2025 and 3% in 2026, supported by improving demand …
Poland needs to cut spending and raise taxes, OECD says Read More »
(Reuters) – Shares in Infineon rose 11% after the German chipmaker slightly upgraded its full-year revenue outlook and reported quarterly results and guidance above expectations. The outlook differs from other makers of microchips for cars and for industrial use that have missed expectations, in some cases by a wide margin, Juergen Wagner, an analyst from …
Infineon stock hikes on guidance beat, demand from auto sector Read More »
By John O’Donnell, Miranda Murray and Francois Murphy VIENNA (Reuters) -Austria’s Raiffeisen Bank International said it has set aside 840 million euros ($865 million) to cover the costs of a Russian legal penalty, after a recent court ruling that could cost the biggest Western bank in Russia billions. The provision hit the lender’s financial results …
Austria’s Raiffeisen dealt blow to profits from Russian court penalty Read More »
