LONDON (Reuters) -British finance minister Rachel Reeves does not plan to raise income tax at her upcoming annual budget on November 26 due to an improved fiscal outlook, a government source said on Friday. Reeves had been widely expected to break Labour’s pre-election promise not to raise the rate of income tax to fill a …
UK’s Reeves does not plan to raise income tax, government source says Read More »
MOSCOW (Reuters) -Russia’s Black Sea port of Novorossiysk halted oil exports on Friday after a Ukrainian drone attack, and oil pipeline monopoly Transneft suspended crude supplies to the outlet, two industry sources told Reuters. Transneft declined to comment. Earlier on Friday, local government officials said Ukrainian drones had damaged a docked ship, apartment buildings and …
By Amir Orusov and Anastasiia Kozlova (Reuters) -Swiss hearing aid maker Sonova Holding reported a half-year core profit below market expectations on Friday, hit by adverse currency exchange conditions, sending its shares 3% lower. The U.S. accounts for roughly a third of Sonova’s group sales, which has exposed it to the weakened dollar. The world’s …
Sonova’s half-year core profit lags market view as exchange rates weigh Read More »
(Reuters) -Blackstone appointed Franck Petitgas as a senior managing director and vice chairman of Europe, it said on Friday, to strengthen strategic initiatives and client engagement in the region. Petitgas, who will take up the newly created role in January, joins Blackstone after 30 years at Morgan Stanley, where he held several roles including head …
Blackstone appoints Franck Petitgas as Europe vice chair Read More »
PRAGUE (Reuters) -Czech populist ANO party leader Andrej Babis said he will announce how he will rearrange his business holdings just before being appointed as prime minister, hoping to clear objections by President Petr Pavel. ANO won the October 3-4 parliamentary election and is forming a government with two fringe right-wing parties, including the far-right, …
Babis offers path on business holdings to secure Czech PM post Read More »
By Maria Martinez BERLIN (Reuters) -Germany’s budget committee finalised the draft budget for 2026 with 8 billion euros ($9.33 billion) more in debt than previously expected, people familiar with the matter said on Friday. The draft also features high investment levels aimed at reviving the economy after two years of contraction, a strong commitment to …
BERLIN (Reuters) -The leaders of Germany’s governing coalition agreed to reduce costs for airlines late on Thursday, including tax cuts and more efficient security checks. WHY IT’S IMPORTANT Germany’s aviation sector has long complained that high costs put it at a disadvantage to European rivals. CONTEXT Low-cost carriers like Ryanair and EasyJet have reduced capacity …
German coalition agrees to lower costs for airlines Read More »
By Mathias de Rozario (Reuters) -French steel tubes maker Vallourec reported a 12.3% rise in its third-quarter core profit on Friday, within its own guidance range, aided by higher selling prices and a slight increase in volumes. Its earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 210 million euros ($245 million) in the …
Vallourec profit rises as expected, boosted by higher selling prices Read More »
BERLIN (Reuters) -Siemens Energy sees limited synergies between its struggling onshore and better-performing offshore wind units, its CEO said on Friday, reflecting ongoing uncertainty over the future of the loss-making division. Siemens Gamesa, Siemens Energy’s wind division that produces both offshore and onshore turbines, is still recovering from a quality crisis two years ago, causing …
Siemens Energy sees limited synergies between onshore and offshore wind Read More »
(Reuters) -CVC Capital Partners, one of the world’s largest private equity managers, on Friday reported realisations which were above the guidance it set earlier in the year. Realisations – the cash it earns and distributes from the succesful sale of investments – totaled 15.4 billion euros ($18 billion) at the end of September. That was …
CVC passes realisations target, re-affirms earnings goal Read More »
