OSLO (Reuters) -Pan-European stock exchange Euronext on Tuesday announced it would acquire Nasdaq’s Nordic power futures activities, as it seeks to widen its business in the northern European electricity market. Euronext’s Nord Pool power trading business is already set to launch trading in financial contracts in June this year, which will be combined with the …
Euronext to acquire Nasdaq’s Nordic power futures business Read More »
By Maria Martinez BERLIN (Reuters) -The German economy is in deep crisis, with gross domestic product likely to contract 0.1% this year, the BDI industry association said on Tuesday, putting it on track for three years of declining growth for the first time since reunification. At the same time, the euro zone will grow by …
Germany in deep economic crisis, BDI industrial lobby group says Read More »
By Foo Yun Chee BRUSSELS (Reuters) – A record EU antitrust fine of 4.3-billion-euro ($4.5 billion) imposed on Google seven years ago punished the tech giant over its innovation, the Alphabet unit told Europe’s top court on Tuesday, as it asked judges to scrap the EU decision. Google’s appeal to the Luxembourg-based Court of Justice …
Record $4.5 billion EU fine punished its innovation, Google tells EU court Read More »
LONDON (Reuters) -German airline group Lufthansa is in talks with Spanish carrier Air Europa about the possibility of acquiring a minority stake, according to two sources with knowledge of the talks. The airline is 20% owned by BA-parent IAG, which backed out of taking full ownership last year due to regulatory concerns. Air Europa is …
Lufthansa in talks with Air Europa to acquire a minority stake, sources say Read More »
FRANKFURT (Reuters) – Germany’s regulator BaFin said financial market corrections were one of the top risks on its radar for 2025, a day after steep losses in technology stocks. Mark Branson, BaFin’s president, noted there had recently been a “party mood” in the markets. “And we all know that the bigger the party, the bigger …
German financial watchdog warns of market corrections as top risk Read More »
(Reuters) -Swedish medical equipment maker Getinge reported fourth-quarter core earnings above market expectations on Tuesday, supported by solid growth in order intake and sales across its regions. Its shares were up around 8% by 0858 GMT, among top performers on Europe’s benchmark STOXX 600 index. Getinge said growth was particularly strong in ventilators. Consumables in …
Medical gear maker Getinge tops core profit forecast in Q4, boosting shares Read More »
(Reuters) – Shares in Sartorius jumped 15.6% on Tuesday after the Franco-German lab supplies maker’s preliminary annual results beat expectations and despite a cautious outlook for 2025. “Business development in the second half of the year, and especially in the final quarter, confirms our estimate that the temporary weakness in demand is coming to an …
Sartorius, Sartorius Stedim Biotech shares jump after results beat Read More »
FRANKFURT (Reuters) – Euro zone banks tightened firms’ access to credit last quarter and expect further tightening in the first three months of 2025, a European Central Bank survey showed on Tuesday, reinforcing the case for more interest rate cuts as the economy slows. Lending growth has been broadly stagnant for most of 2024 as …
Euro zone banks tighten companies’ access to credit, ECB survey shows Read More »
MILAN (Reuters) – Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday. The investment comes after the maker of $600 a pair sneakers abruptly pulled plans for a stock market listing last year. …
Alibaba’s Tsai-backed firm buys 12% of Italian luxury sneaker maker Golden Goose Read More »
(Reuters) -Shares of Britain’s Halfords jumped 20% on Tuesday after the bicycle and car products retailer reported robust holiday sales and forecast fiscal 2025 profit above analysts’ expectations. Halfords said that Christmas gifting boosted like-for-like sales growth in cycling to 13.1% in December, while colder weather in recent months had helped its motoring products portfolio …
Halfords profit forecast trumps expectations on holiday bump Read More »
