PARIS (Reuters) – Renault’s low-cost brand Dacia will add more electric vehicles in the future, starting with the next Sandero around the end of 2027, brand CEO Denis Le Vot said on Thursday. Dacia currently offers only one all-electric model, the Spring, and the company hopes the brand’s affordable price positioning makes it a good …
Renault low-cost brand will add more electric vehicles in the future Read More »
By Forrest Crellin PARIS (Reuters) – Private investors, major banks and tech companies are showing interest in the European nuclear industry, but governments need to lower risks to encourage investment by guaranteeing contracts and cutting regulation, the head of the International Energy Agency (IEA) Fatih Birol told Reuters. The private sector started to invest more …
European nuclear projects need de-risking for investors, says IEA chief Read More »
(Reuters) – Swiss plumbing products maker Geberit expects the construction market in the United States to be stable this year, Chief Executive Christian Buhl said on Thursday. “We expect a stable, slightly positive market in the U.S.,” Buhl said of 2025 after Geberit reported its full-year sales, adding, “We have ambitions to expand our market …
Geberit CEO expects stable, slightly positive US construction market ahead of Trump term Read More »
By William Schomberg, Suban Abdulla LONDON (Reuters) -Britain’s economic output returned to growth in November, the first month after finance minister Rachel Reeves announced big tax increases for businesses, but the expansion was smaller than expected. Gross domestic product rose by 0.1% from October, according to official data, after falls in September and October. However, …
UK economy barely grew in November after Reeves budget Read More »
By John Revill ZURICH (Reuters) -Richemont, the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector. The company’s robust performance over the all-important holiday season was seen as a signal that luxury sales may …
Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround Read More »
By Yadarisa Shabong (Reuters) -British money transfer group CAB Payments will axe about 20% of its workforce to cut costs and focus on investment in artificial intelligence and automation in the face of weak trading and increased payroll taxes, it said on Thursday. The announcement chimes with a broader trend of British companies cutting jobs, …
UK’s CAB Payments to cut 20% of jobs and focus on automation Read More »
MOSCOW (Reuters) – Poland, the largest importer of Russian liquefied petroleum gas (LPG), is set to cut its purchases this year by around 80% due to Western sanctions on Moscow over Ukraine, the Polish LPG association (POGP) said. In volume terms, POGP expects imports from Russia to fall to around 20,000 metric tons per month …
Poland to cut imports of Russian LPG by 80%, lobby says Read More »
(Reuters) -European luxury shares soared on Thursday as Cartier owner Richemont’s third-quarter sales beat revived optimism for the battered sector. Richemont shares jumped around 16% to an all-time high of 161.40 Swiss francs, surpassing their May 2023 high of 161.10 francs, and were set for their biggest intraday rise since October 2008. Analysts at JPMorgan …
European luxury stocks jump after Richemont smashes expectations Read More »
(Reuters) -Dunelm Group’s shares fell sharply on Thursday after the British homewares retailer reported a lower sales increase in the second quarter compared with the first, highlighting the impact of rising costs and sluggish consumer spending on the retail sector. The retailer’s sales in the second quarter, which ended in December, rose 1.6% from a …
British homewares retailer Dunelm’s sales soften amid retail sector woes Read More »
LONDON (Reuters) – Meal delivery company Deliveroo said it had “robust” growth in its final quarter, with gross sales on its platform up 7%, driven by more orders and increased spending, and said its full-year earnings would be towards the top of its forecast. The British company on Thursday said adjusted core earnings were expected …
Deliveroo is positive on 2024 earnings after ‘robust’ final quarter Read More »
