By Ron Bousso and Arunima Kumar LONDON (Reuters) -Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months. In a trading update ahead of Jan. 30 full-year results, Shell also said it …
Shell warns of weaker fourth quarter LNG, oil trading Read More »
FRANKFURT (Reuters) – The European Union risks falling significantly short later this decade of the public funds it needs to achieve its climate goals, a study published by the European Central Bank showed on Wednesday. The EU aims to be climate-neutral by 2050 but this will involve huge investment, driven mostly by private firms, supplemented …
EU climate plans at risk from public funding gap, ECB paper shows Read More »
BERLIN (Reuters) -Germany’s Lufthansa is aiming to recruit around 10,000 people across the group in 2025, while measures to cut costs at its struggling core airline continue this year, the company said on Wednesday. The airline group is looking for more than 2,000 flight attendants, more than 1,400 ground staff, around 1,300 technical experts, 1,200 …
Lufthansa Group aims for 10,000 new hires in 2025, fewer jobs for core airline Read More »
(Reuters) – European defence sector stocks rose on Wednesday after U.S. President-elect Donald Trump called for higher spending from NATO allies. All leading European arms makers, including Rheinmetall, Dassault Aviation, Leonardo and Saab were up by 2-3%, while the pan-European defence index was 1% higher by 0910 GMT. Stifel analysts highlighted Trump’s comment that European …
European defence stocks rise after Trump’s NATO comments Read More »
PARIS (Reuters) -French automaker Renault is committed to complying with tighter EU rules on CO2 emissions this year, it said, but believes automakers pooling their emissions could weaken the European car industry. The EU significantly lowered its cap on automotive carbon dioxide emissions from Jan. 1, meaning at least one-fifth of all sales by most …
Renault warns pooling CO2 emissions could weaken EU car industry, calls for clarity Read More »
FRANKFURT (Reuters) – A key indicator of the health of Germany’s property sector improved last year and will make modest gains in 2025, though the next twelve months will continue to be challenging, reports by two major real estate firms said on Wednesday. Global real estate firm Jones Lang LaSalle (JLL) said that property transactions …
German real estate deals edge up in 2024, 2025 still seen muted Read More »
By Maria Martinez BERLIN (Reuters) -German industrial orders and retail sales unexpectedly fell in November, reigniting recession fears after the euro zone’s largest economy barely grew in the third quarter. Industrial orders declined 5.4% from the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Wednesday. Analysts polled by …
German industrial orders, retail sales drop in November Read More »
By Mathias de Rozario and Jakob Van Calster (Reuters) -French voucher and benefits company Pluxee posted 12.1% organic growth in its first-quarter operating revenue on Wednesday, beating market expectations, aided by sound customer retention and new client acquisitions in its main business. Pluxee’s shares rose more than 11% by 0835 GMT, topping the SBF 120 …
Pluxee tops revenue estimates on new and existing contracts, shares jump Read More »
LONDON (Reuters) – UK investors added a record 27.2 billion pounds ($34 billion) to their stock holdings in 2024, funds network Calastone said on Wednesday, as a surge in investments in index-tracker funds dominated. The net inflows into equities topped the previous highest mark of 19.8 billion pounds set in 2021 in Calastone’s 10-year data …
UK investors add record $34 billion of stocks in 2024, Calastone says Read More »
LONDON (Reuters) – British retailer Marks & Spencer’s food business enjoyed robust trading in the run-up to Christmas with sales up 6.8% in the four weeks to Dec. 28 and its market share rising to a record 4.8%, industry data showed on Wednesday. Market researcher NIQ said M&S was the UK’s second-fastest growing bricks-and-mortar food …
Britain’s M&S had strong Christmas for food, says NIQ Read More »
