By John Revill ZURICH (Reuters) -Siemens’ shares fell almost 6% on Thursday as a hike in its medium-term sales growth forecast failed to allay investors amid profit-taking and disappointment about next year’s profit outlook. The company, which on Wednesday said it plans to eventually cut its stake in Siemens Healthineers to 20%, said it expects …
Siemens shares fall on earnings concerns despite sales outlook hike Read More »
(Reuters) -Italian multi-utility Iren said on Thursday its profit grew 12% in the first nine months of 2025, thanks to a good performance across its business lines and gains from the consolidation of Egea Holding. Net profit reached 219 million euros ($255 million) between January and September, including results from Egea since Iren closed its …
Iren’s nine-month profit grows 12%, targets further growth until 2030 Read More »
MOSCOW (Reuters) -Russia’s revenues from crude oil and refined products fell again in October due to lower export volumes and weaker prices, the International Energy Agency said on Thursday, adding that Russian oil exports have been holding up so far. Russia’s vital energy industry is under strain from a pickup in Ukrainian drone strikes on …
Russia’s oil and fuel export revenues continued to slide in October, IEA says Read More »
By Andy Bruce and Suban Abdulla MANCHESTER, England (Reuters) -Britain’s economy barely expanded in the third quarter, held back by September’s cyberattack on Jaguar Land Rover, according to data on Thursday that underlined the backdrop of slow growth as finance minister Rachel Reeves readies her budget. The economy grew 0.1% in the third quarter of …
UK economic growth disappoints in Q3 as JLR cyberattack hits Read More »
By Joanna Plucinska and Shashwat Awasthi (Reuters) -Wizz Air’s shares surged as much as 16% on Thursday after the airline reported a strong first-half operating profit, but it also forecast a low-single-digit decline in full-year revenue and said winter capacity was a “short-term challenge.” The company’s operating profit rose almost 26% to 439.2 million euros …
Wizz Air shares surge as profits rise almost 26% Read More »
By Jesús Aguado MADRID (Reuters) -The Bank of Spain is stepping up oversight of credit standards after a sharp increase in new mortgage lending, it said on Thursday in its semiannual financial stability report. The central bank is developing a framework that would allow it to activate macroprudential limits on lending standards to prevent risky …
Bank of Spain steps up oversight of lending as mortgages rise Read More »
By Helen Reid and Yadarisa Shabong LONDON (Reuters) -Burberry posted its first quarter of growth in two years on Thursday as the British luxury brand’s turnaround efforts started to bear fruit and China returned to growth, lifting the shares more than 8%. Burberry reported a 2% rise in second-quarter comparable store sales, beating analysts’ forecasts …
Burberry returns to growth as turnaround effort starts to bear fruit Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators on Thursday opened an investigation into Austrian energy drinks maker Red Bull, saying that it may be restricting competition, in particular the energy drinks sold by its closest rival. The European Commission investigation follows a series of dawn raids into the company in 2023 and after …
Red Bull targeted in EU antitrust investigation, may be thwarting rival Read More »
By Shariq Khan, Isaac Anyaogu and Anna Hirtenstein (Reuters) -From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil are attracting potential bidders as time runs out to clear deals before U.S. authorities enforce sanctions. The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace …
BRUSSELS (Reuters) -The name ‘gin’ is reserved solely for alcoholic beverages, the European Court of Justice ruled on Thursday. The case was brought by Verband Sozialer Wettbewerb, a German association against unfair competition, targeting PB Vi Goods, which sold a drink called “Virgin Gin Alkoholfrei”. The German court handling the case referred it to the …
Non-alcoholic beverages can’t be sold as gin, EU court rules Read More »
