(Reuters) – German retail sales fell unexpectedly in November, data showed on Wednesday, despite hopes for a boost from pre-Christmas promotions like Black Friday and Cyber Monday. Retail sales declined by 0.6% in real terms compared with the previous month, the federal statistics office reported. Analysts polled by Reuters had predicted a 0.5% increase. According …
German retail sales fall unexpectedly in November Read More »
(Reuters) – British health and safety device maker Halma on Wednesday named Carole Cran as its CFO designate and said chief finance officer Steve Gunning would retire after March 31, 2025. (Reporting by Chandini Monnappa in Bengaluru; Editing by Janane Venkatraman)
A look at the day ahead in European and global markets from Ankur Banerjee The dollar stood tall on Wednesday boosted by elevated Treasury yields after strong U.S. data rekindled worries of a rebound in inflation, leaving European stocks staring at a weak open as traders brace for diverging policy paths. While traders are getting …
Morning Bid: Strong dollar, rising yields hog the spotlight Read More »
By Katie Paul, Supantha Mukherjee, Deborah Mary Sophia (Reuters) -Social media company Meta Platforms on Tuesday scrapped its U.S. fact-checking program and reduced curbs on discussions around contentious topics such as immigration and gender identity, bowing to criticism from conservatives as President-elect Donald Trump prepares to take office for a second time. The move is …
Meta shelves fact-checking in policy reversal ahead of Trump administration Read More »
DUBLIN (Reuters) – Flutter, the world’s largest online betting company, said on Tuesday it expects 2024 earnings at its fast-growing U.S. FanDuel brand to be sharply lower after American football gamblers enjoyed an unprecedented winning streak. Bookmakers generally suffer when favourites win, and Flutter said the NFL season to date has been the most customer-friendly …
Flutter cuts US guidance as NFL gamblers ride winning streak Read More »
By Rishi Kant and Aditya Soni (Reuters) -Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock-image powerhouse geared for the artificial intelligence era, in a deal likely to draw antitrust scrutiny. The companies, two of the largest players in the licensed visual content industry, are betting that …
Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger Read More »
By Virginia Furness LONDON (Reuters) – Shell’s plans to increase sales of liquefied natural gas (LNG) have been called into question by a by major group of shareholders that has filed a resolution asking whether the strategy is compatible with a goal to cut carbon emissions. Shell is the world’s largest LNG trader and CEO …
Shareholders’ climate resolution challenges ‘disconnect’ in Shell’s LNG strategy Read More »
(Reuters) – Portuguese oil company Galp Energia said on Tuesday that Chief Executive Filipe Silva had resigned following a company investigation into an anonymous complaint about an alleged personal relationship between him and a company manager. Galp said the CEO has notified Chairwoman Paula Amorim of his resignation “for family reasons.” The new executive leadership …
Portugal’s Galp CEO resigns after alleged relationship probe Read More »
FRANKFURT (Reuters) – Euro zone inflation accelerated in December, an unwelcome but anticipated blip that is unlikely to derail further interest rate cuts from the European Central Bank. Inflation in the 20 nations sharing the euro picked up to 2.4% last month from 2.2% in November, Eurostat said on Tuesday, in line with expectations in …
Euro zone inflation jumps on higher energy costs Read More »
By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) -Spanish travel technology company HBX Group, whose brands include Hotelbeds, is preparing to launch a 1 billion euro ($1.04 billion) initial public offering in coming weeks, two people familiar with the matter said. The private equity-owned firm has been planning an IPO for more than a year, …
HBX Group poised to launch around $1bn IPO in coming weeks, sources say Read More »
