By Nathan Vifflin and Toby Sterling EINDHOVEN, Netherlands (Reuters) – Top computer chip equipment maker ASML <ASML.AS> reported fourth-quarter bookings on Wednesday that far exceeded expectations, as a boom in AI drove demand for its most advanced equipment. The surge in orders may reassure investors in ASML and other chip stocks that AI chip prospects …
ASML order boom reassures investors after DeepSeek sell off Read More »
By James Davey LONDON (Reuters) -British supermarket group Morrisons said a November cyber attack at technology provider Blue Yonder hit its product availability, impacting sales in the Christmas quarter. CEO Rami Baitieh said the attack meant Morrisons had to shut down its warehouse management system, leaving it without visibility on its fresh and produce stock …
UK’s Morrisons says cyber attack at technology provider hit Christmas sales Read More »
By Mimosa Spencer and Danilo Masoni PARIS (Reuters) -Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group’s latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether. The home of Louis Vuitton fashions and Bulgari jewellery reported a …
LVMH shares set for biggest drop in over a year on fading recovery hopes Read More »
LONDON (Reuters) – British supermarket group Morrisons said on Wednesday that a November cyber attack at technology provider Blue Yonder hit its product availability, impacting Christmas sales. “Our warehouse management system had to be shut down, leaving us without visibility on our fresh and produce stock levels for several days,” CEO Rami Baitieh told reporters. …
UK’s Morrisons says cyber attack at technology provider dented Christmas sales Read More »
ZURICH (Reuters) – Switzerland will on May 1 end measures that imposed a block on trading of Swiss shares on EU bourses, the government said on Wednesday, making potential cross-border mergers easier. Switzerland introduced protections for its stock exchange in 2019 when the EU withdrew its recognition of regulatory equivalence for the Swiss exchange amid …
Switzerland to repeal EU bourse curbs, making mergers easier Read More »
By Greta Rosen Fondahn (Reuters) – The pound fell against the dollar on Wednesday, while British finance minister Rachel Reeves outlined plans for growth, and as currency investors shifted their focus to the U.S. Federal Reserve’s upcoming policy decision. Reeves backed on Wednesday the construction of a long-delayed new runway at London’s Heathrow Airport, and …
Sterling edges down, UK’s Reeves outlines growth plans Read More »
By Marwa Rashad LONDON (Reuters) – Spain’s decision not to extend an energy windfall tax provides the regulatory certainty, Moeve, the country’s second-largest oil company, needed to start building its flagship green hydrogen project this year, the company’s chief executive said. Spain’s parliament last week rejected several decrees put forward by the country’s minority left-leaning …
Spain’s Moeve set to start work on green hydrogen plant this year Read More »
By Dimitri Rhodes and Anna Peverieri (Reuters) – Akzo Nobel expects to cut around 2,200 jobs and to close at least five more sites in 2025 as part of its restructuring efforts, the Dulux paints maker said on Wednesday. Akzo Nobel, which had around 34,600 employees at the end of December, had last year said …
Akzo Nobel lifts job cutting target to 2,200, eyes more plant closures in 2025 Read More »
MADRID (Reuters) – The chief executive of Spain’s second-largest fashion company Mango, Toni Ruiz, will also become chairman of the board, replacing Mango’s founder and owner, Isak Andic, who died in a mountain accident last December, the company said on Wednesday. Andic’s son, Jonathan, will serve as vice-president of the board, and the founder’s two …
Fashion chain Mango’s CEO to succeed chairman Andic Read More »
BRUSSELS (Reuters) – The European Commission did not propose a ban on Russian liquefied natural gas in its latest package of sanctions because member states raised concerns about first securing alternatives including from the United States, EU diplomats said. “First you have to have a deal because otherwise you will be left without gas from …
EU won’t ban Russian LNG until it secures alternatives, diplomats say Read More »
