By Maria Martinez BERLIN (Reuters) – Business activity in Germany’s private sector stabilised in January, marking an end to a six-month contraction as services growth offset a continued decline in manufacturing output, according to a survey published on Friday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, rose to 50.1 in …
German business activity stabilises in January, PMI shows Read More »
LONDON (Reuters) – Shares in British luxury retailer Burberry soared by more than 13% in opening trade on Friday after its third-quarter sales fell by less than forecast. Comparable store sales fell 4% versus an expected a decline of 12% for the company’s third quarter, which runs to Dec. 28. Shares were up over 13% …
Burberry shares rise 13% after sales beat expectations Read More »
PARIS (Reuters) – France’s services sector shrank further in January as businesses faced weak demand and political uncertainty, according to a closely-watched business survey by S&P Global published on Friday. The HCOB Flash Services PMI Business Activity Index declined to 48.9 from 49.3 in December, below analysts’ expectations for a reading of 49.3, and below …
French services sector contracts further in January, PMI shows Read More »
MADRID (Reuters) – Spanish defence and technology company Indra was set to buy satellite operator Hispasat from Redeia for 650 million euros ($679 million) to expand in the space industry, daily newspaper El Pais reported on Friday, citing unnamed sources with knowledge of the situation. Indra and Redeia are close to a deal and the …
Spain’s Indra to buy Hispasat from Redeia for $679 million, El Pais reports Read More »
By Federico Maccioni, Hadeel Al Sayegh and Andres Gonzalez DUBAI/LONDON (Reuters) – Etihad Airways and flynas are gearing up to list on local stock markets this year, marking the first IPOs by Gulf carriers in nearly two decades, with Etihad sounding out investors next week ahead of a potential sale of around a 20% stake, …
Analysis-Etihad to sound out investors as Gulf carriers race towards IPOs Read More »
By Echo Wang, Marwa Rashad and Trevor Hunnicutt DAVOS, Switzerland (Reuters) -U.S. President Donald Trump demanded OPEC lower oil prices and the world drop interest rates in a speech to global business and political leaders and warned them they will face tariffs if they make their products anywhere but the U.S. “I’ll demand that interest …
Trump tells Davos he will demand lower interest rates, oil prices Read More »
By Dan Catchpole, Allison Lampert and David Shepardson SEATTLE (Reuters) -Boeing warned on Thursday that it expected a fourth-quarter loss of about $4 billion to close a year marred by a production quality crisis, stricter regulatory scrutiny, supply chain delays and a crippling strike by U.S. West Coast factory workers. The loss would be nearly …
Boeing warns of bigger-than-expected $4 billion quarterly loss; shares drop Read More »
By Lucy Raitano LONDON (Reuters) – European companies are set to deliver a third straight quarter of profit growth, which may help to maintain newfound investor enthusiasm for the region despite political and economic turmoil and concerns over U.S. President Donald Trump’s tariffs threat. European stocks are trading at record highs, having outperformed Wall Street …
Analysis-European earnings may keep the mood sweet as tariff fears grow Read More »
(Reuters) -Swiss fragrance and flavour maker Givaudan on Friday reported annual results above market expectations, buoyed by strong sales growth across its markets, and said it would most likely exceed the growth target for 2021-2025. Strong sales growth has boosted Givaudan’s profitability over the past year, with an exceptionally strong fragrance business leading the way. …
Givaudan tops 2024 forecasts with strong sales growth across markets Read More »
A look at the day ahead in European and global markets from Tom Westbrook A rate hike in Japan added momentum to a tide of dollar selling in the Asia session, as the first week of Donald Trump’s presidency has turned out to be less aggressive on the trade policy front than many in the …
Morning Bid: Trump goes easy on China in his first week Read More »
