By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Germany’s Commerzbank said on Friday that it posted a 20% increase in net profit in 2024, announcing earnings nearly two weeks ahead of schedule as it fends off interest in a tie-up from Italy’s UniCredit. Net profit rose to 2.68 billion euros ($2.78 billion) in the year, …
Germany’s Commerzbank profit jumps 20% in 2024 as it fends off UniCredit Read More »
By Anna Chaberska STOCKHOLM (Reuters) -Autoliv forecast its margins will rise in 2025, despite challenging conditions for the automotive sector due to geopolitical uncertainties and likely trade tariffs. The Swedish company, which supplies equipment across the autos industry, on Friday posted fourth quarter core profits which were slightly above analyst expectations. The autos industry has …
Sweden’s Autoliv expects geopolitics, tariffs to spell tough year for autos Read More »
FRANKFURT (Reuters) – Austrian property tycoon Rene Benko will remain in custody for another month, a court in Vienna ruled on Friday, adding to an extension of his pre-trial detention that was issued a week ago. (Reporting by Ludwig Burger; editing by Matthias Williams)
MADRID (Reuters) – Demand from investors covered all the shares offered by Hotelbeds owner HBX Group in its initial public offering within hours, the bookrunner said on Friday, ahead of what is set to be the largest listing in Europe so far this year. The Spanish travel technology company said on Thursday it intended to …
Hotelbeds owner HBX Group sees demand covering all shares in 725 million euro IPO Read More »
By Mimosa Spencer PARIS (Reuters) -British fashion designer Kim Jones is stepping down as artistic director for menswear at Christian Dior, the LVMH-owned label said on Friday, signalling a potential shift in its design approach as the brand struggles with slowing sales. Dior, which has a separate womenswear and couture designer, Maria Grazia Chiuri, did …
Designer Kim Jones bows out from LVMH’s Dior menswear brand Read More »
(Reuters) – Petrochemicals manufacturer LyondellBasell on Friday reported a loss in the fourth quarter, hurt by weak demand across key markets such as Europe and Asia. The euro zone economy stagnated last quarter as high inflation hurt consumption, adding to fears that a long-predicted recovery could be further delayed. The German economy, Europe’s largest and …
LyondellBasell posts quarterly loss on weak demand for chemicals Read More »
By Amy-Jo Crowley LONDON (Reuters) – Five Arrows and Insight Partners are considering selling their minority stake in Belgium’s Kpler, three people familiar with the matter said, as specialised data providers see a wave of deals. The two private equity firms invested more than $200 million for a holding in Brussels-based Kpler in April 2022. …
Data group Kpler’s minority owners consider stake sale, sources say Read More »
FRANKFURT (Reuters) – The European Central Bank is seeking a new design for euro banknotes, with possible subjects including great cultural figures like German composer Ludwig van Beethoven, or birds and rivers. The first revamp of euro banknotes since their launch 23 years ago is designed to make them more appealing and relatable. They currently …
Beethoven or birds? ECB seeks ideas for new banknote designs Read More »
(Reuters) – Eaton Corporation on Friday forecast 2025 adjusted profit above Wall Street estimates, expecting demand for electrical equipment to remain strong due to an artificial intelligence-related data center boom. Global appetite for data centers has increased as companies race to develop and adopt artificial intelligence, benefiting electrical equipment makers like Eaton. Shares of the …
Eaton sees 2025 profit above estimates on AI-led data center demand Read More »
MADRID (Reuters) – The volume of goods moving through Spanish ports rose by 6% in 2024 after they became the first point of call in Europe for many companies avoiding attacks by Houthi militia on shipping in the Red Sea and sending their goods around southern Africa. Las Palmas in the Canary Islands and Barcelona …
Spanish port traffic surges due to Red Sea crisis Read More »
