(Reuters) -Europe’s biggest tour operator TUI on Wednesday said earnings during its 2025 fiscal year exceeded its guidance, driven by strong hotel and cruise demand. Underlying earnings before interest and taxes for its fiscal year, which ended on September 30, came in at 1.46 billion euros ($1.70 billion) at constant currencies. That was up 12.6% …
Tour operator TUI reports annual profit above own guidance Read More »
FRANKFURT (Reuters) -RWE, Germany’s largest power producer, would gladly sell out of uranium enrichment firm Urenco, its finance chief said on Wednesday, noting that any sale was difficult to pull off. E.ON and German peer RWE jointly hold a third in Urenco on behalf of the German government, while Britain and the Netherlands also hold …
RWE would be ‘happy to sell’ Urenco holding but any sale is tricky, CFO says Read More »
(Reuters) -Aircraft parts maker TransDigm Group on Wednesday forecast 2026 profit above Wall Street estimates after posting a better-than-expected profit for the fourth quarter, on strong demand for its aftermarket parts. The Cleveland, Ohio-based company now sees 2026 adjusted per share profit between $36.49 and $38.53, the midpoint of which is above analysts’ estimates of …
TransDigm forecasts 2026 profit above estimates on strong aftermarket parts demand Read More »
(Reuters) -French train maker Alstom said on Wednesday it had signed a 6.9 billion zloty ($1.9 billion) contract to deliver and maintain trains for Poland’s national long-distance rail operator PKP Intercity. Shares in Alstom rose more than 3% in early afternoon trading following the publication. The deal includes the delivery of 42 Coradia Max double-deck …
Alstom wins $1.9 billion train order from PKP Intercity in Poland Read More »
ROME (Reuters) -Italian industrial output rebounded 2.8% in September after a 2.7% drop in August, data showed on Wednesday, offering some hope to the country’s long-struggling manufacturing sector. A Reuters survey of 12 analysts had pointed to a 1.5% increase. On a work day-adjusted year-on-year basis, industrial output in the euro zone’s third largest economy …
Italy industry output rebounds after August slump Read More »
(Reuters) -Luxury yacht maker Italian Sea Group’s net profit for the first nine months of the year slumped by 56% year on year to 16.6 million euros ($19.36 million), it said on Wednesday. The company also posted a 15% drop in core profit to 42.6 million euros but said that its annual earnings guidance remains …
Italian Sea Group’s nine-month net profit falls 56% Read More »
(Reuters) -Royal Mail operator International Distribution Services on Wednesday said rising costs and macroeconomic uncertainty would continue to impact margins into 2026, after reporting slower revenue growth in the first half of fiscal year 2025-2026. For the six months ended September 28, its group revenue grew 1.6% to 6.45 billion pounds ($8.66 billion), slower than …
Royal Mail operator IDS warns of margin pressures persisting into 2026 as costs rise Read More »
BERLIN (Reuters) -The German government is considering acquiring a 25.1% minority stake in TenneT Germany, an economy ministry spokesperson said on Wednesday. “We see an opportunity to acquire a strategic minority stake in Germany’s largest TSO (transmission system operator), as we did with 50Hertz and TransnetBW, thereby making a fundamental contribution to needs-based grid expansion …
Berlin considers acquiring 25.1% minority stake in TenneT Germany Read More »
FRANKFURT (Reuters) -E.ON, Europe’s largest energy network operator, on Wednesday said it was concerned that new regulations on how much German power grid operators can earn on investments will not adequately reward their financing. E.ON finance chief Nadia Jakobi, speaking to investors after presenting nine-month results, said uncertainty around the regulation, which sets power grid …
E.ON highlights uncertainty over German grid funding reforms Read More »
By Ozan Ergenay and Marta Frackowiak (Reuters) -German chemicals distributor Brenntag said on Wednesday that it supports Germany’s proposed infrastructure fund, but urged more action to address increasing competition from China. The German chemical sector, the country’s third-largest industry, has struggled with subdued demand, high energy costs, supply chain issues and an economic slowdown. U.S. …
Brenntag supports Germany’s infrastructure fund, but warns of China competition Read More »
