(Reuters) -French consumer prices increased slightly less than anticipated in January, preliminary data from statistics agency INSEE showed on Friday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, was 1.8% year-on-year in January, exactly the same figure as in the previous month, INSEE said. INSEE said manufactured goods prices rebounded and …
GDANSK (Reuters) – Bank Millennium, the Polish arm of Portugal’s Millennium bcp, reported a 50% rise in its fourth quarter net profit on Friday, despite having to bear the high costs related to its Swiss franc mortgage portfolio that was valued at 768 million zlotys ($190 million) after tax at the end of the year. …
Bank Millennium posts 50% jump in Q4 profit, well above forecast Read More »
LONDON (Reuters) – British house prices rose by a weaker-than-expected 0.1% in January compared with December, according to data published by mortgage lender Nationwide on Friday. A Reuters poll of economists had pointed to a 0.3% month-on-month increase. (Writing by William Schomberg; editing by William James)
GDANSK (Reuters) – Polish medical diagnostics company Diagnostyka on Friday said it priced its initial public offer at 105 zlotys per share, the top of a previously indicated range, valuing it at 3.54 billion zlotys ($874.27 million). Diagnostyka said shareholder LX Beta, backed by private equity fund Mid Europa Partners, will offer 16.1 million shares …
Poland’s Diagnostyka sets IPO price at 105 zlotys per share Read More »
By Jaiveer Shekhawat and Manya Saini (Reuters) -Visa’s first-quarter profit beat Wall Street estimates on Thursday, as easing concerns about an economic slowdown and discounts encouraged customers to splurge during the holiday shopping season. Retailers offered deep discounts on everything from apparel to toys and luxury products to lure cost-conscious consumers while online sales remained …
Visa profit beats estimates as discounts fuel holiday shopping splurge Read More »
By Joey Roulette ORLANDO, Florida (Reuters) -The vice president leading Boeing’s Starliner spacecraft unit, Mark Nappi, has left his role in the program and been replaced by the company’s International Space Station program manager, John Mulholland, a Boeing spokesperson told Reuters on Thursday. Nappi, who led Boeing’s Starliner program from 2022 through major engineering issues …
Boeing names Space Station exec as new head of Starliner program Read More »
(Reuters) -Walgreens Boots Alliance has suspended its quarterly cash dividend amid restructuring efforts, the U.S. pharmacy chain operator said on Thursday, sending its shares down nearly 8% in extended trading. “The company’s cash needs over the next several years, including with respect to litigation and debt refinancing, were important considerations as part of the decision …
Walgreens suspends quarterly dividend amid turnaround efforts Read More »
(Reuters) – Gen Digital topped Wall Street estimates for third-quarter revenue and profit on Thursday, driven by strong demand for its cybersecurity tools. A surge in digital scams and high-profile hacks is fueling demand for Gen Digital’s cybersecurity solutions, as businesses adopt artificial intelligence (AI) technology and increasingly deploy robust security measures to protect their …
MEXICO CITY (Reuters) – International money transfer company Wise officially launched in Mexico on Thursday, offering a new way for Mexican nationals to send money in and out of the country. WHY IT’S IMPORTANT In a press release, Wise said its service aims to address significant challenges Mexicans face from a lack of transparency in …
(Reuters) -German car parts supplier Continental’s ContiTech division is to close four plants and downsize two others, affecting a total of 580 employees, the company said on Thursday. The group has been eyeing more than 7,000 job cuts under a restructuring plan that it has been working on for over a year, aiming to save …
Continental’s ContiTech division to close four plants in Germany Read More »
