By Joao Manuel Vicente Mauricio (Reuters) -Spain’s unemployment rate in the fourth quarter fell to its lowest in more than 16 years, data from the National Statistics Institute showed on Tuesday, as the economy outperforms its neighbours. The unemployment rate fell to 10.61%, down from 11.21% in the previous quarter and the lowest level since …
Spain’s unemployment rate falls to lowest since 2008 Read More »
MADRID (Reuters) – The Spanish Economy Ministry is set on Tuesday to raise its gross domestic product growth target for this year above the current 2.4%, Economy Minister Carlos Cuerpo said, in stark contrast with growth in other large euro zone economies. Cuerpo said he would announce a revision of the government growth forecast above …
Spain to raise GDP growth target for 2025 after 0.7%-0.8% in fourth quarter Read More »
(Reuters) -Britain’s Foxtons Group said on Tuesday its 2024 revenue and operating profit were ahead of market expectations, partly helped by the growth in the real estate agent’s lettings business. WHY IT’S IMPORTANTA surge in demand for rental properties in London has driven a significant increase in rent prices, benefiting the lettings business of estate …
UK’s Foxtons 2024 earnings beat estimates on lettings business boost Read More »
(Reuters) -Britain’s Pets at Home Group said on Tuesday its third-quarter revenue fell slightly from a year earlier, hurt by weak demand for its pet accessories such as collars and bedding. British retailers have been grappling with waning demand as consumers limit discretionary spending. Adding to their woes are rising labour costs from higher social …
Pets at Home revenue edges lower on weak demand for products Read More »
DUBLIN (Reuters) – Ireland has cut its shareholding in AIB Group to 12.5% from 17.5% through a placement to institutional investors, yielding 652 million euros, the government said on Tuesday. The finance ministry said in a statement that it sold 116 million shares in an accelerated placement, with a placing price of 5.60 per share. (Reporting …
(Reuters) – German chemical company Wacker Chemie reported a 7% fall year-on-year in its annual core profit on Tuesday, citing lower prices and sales volumes, particularly for solar-grade polysilicon, as well as high energy costs in Germany. The specialty chemicals maker’s preliminary earnings before interest, taxes, depreciation and amortisation (EBITDA) for 2024 declined to 770 …
Wacker Chemie core profit falls on lower prices and high energy costs Read More »
By Iain Withers LONDON (Reuters) – The roll-out of looser mortgage rules across several European countries has raised the risk of loan defaults and is a negative for lenders’ credit profile over the long term, credit ratings agency Moody’s said on Tuesday. Bank regulators in six European countries with some of the region’s highest household …
Looser mortgage rules in Europe raise risks for lenders, warns Moody’s Read More »
A look at the day ahead in European and global markets from Tom Westbrook The exceptionalism that drove Wall Street to record highs on the back of America’s peerless technology firms suddenly has it looking vulnerable and maybe not so peerless after all. Chinese startup DeepSeek’s shoestring AI model wiped nearly $600 billion from the …
By Arriana McLymore and Siddharth Cavale NEW YORK (Reuters) – Please don’t boycott Target: That’s the message from Black founders and influencers to consumers about a backlash against the retailer’s decision to end its diversity, equity and inclusion efforts. With the U.S. political climate trending right, the Minneapolis-based company announced the move on Friday prompting …
Black-owned brands urge US consumers not to boycott Target over end of diversity efforts Read More »
PARIS (Reuters) – Airbus Helicopters posted 4% higher deliveries last year, with 361 aircraft released to customers in the strongest industrial performance since 2017 as the world’s largest commercial supplier continued a gradual recovery from the pandemic. The rotary wing division of planemaker Airbus said in a business update that it had won 455 gross …
Airbus posts higher helicopter deliveries, orders in 2024 Read More »
