By Harry Robertson LONDON (Reuters) – The pound fell to a three-month low after data on Tuesday showed regular wage growth cooled and unemployment ticked up, and as currencies felt the pressure of a surging dollar after Donald Trump’s U.S. election victory. Sterling fell as much as 0.5% to $1.2806, its lowest since Aug. 15, …
Pound hits 3-month low on jobs data and dollar’s Trump rally Read More »
FRANKFURT (Reuters) – EnBW said on Tuesday that its investments rose by 40% in the first nine months even though profits fell, as the German utility pursued its energy transition. The group also confirmed its 2024 outlook, saying it still expects adjusted core profit (EBITDA) of 4.6 billion euros to 5.2 billion euros ($4.9 to …
EnBW raises investments despite 24% drop in nine-month profit Read More »
(Reuters) – British power generator Drax on Tuesday said it expects 2024 full year core earnings to be around the top end of analysts’ consensus of between 993 million pounds to 1.04 billion pounds ($1.27 billion -$1.33 billion), on the back of strong pellet production and biomass generation. Drax Power Station, the country’s largest source …
UK’s Drax forecasts annual core earnings around top end of market view Read More »
By Nick Carey LONDON (Reuters) – UK startup Integrals Power said on Tuesday it has started shipping its lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials to automakers and battery makers for tests that could lead to major orders for EVs within six months. CEO Behnam Hormozi told Reuters that the …
UK’s Integrals Power shipping EV battery materials to automakers for tests Read More »
By Alberto Chiumento (Reuters) -Italy’s A2A again raised its 2024 core and net profit guidance on Tuesday after posting around a 70% rise in nine-month net profit to 713 million euros ($757.9 million). The country’s biggest regional utility also increased the planned annual growth rate of the dividend it will pay over its 2024-2035 industrial …
Italy’s A2A lifts 2024 profit outlook, dividend growth forecast through 2035 Read More »
LONDON (Reuters) -Britain’s BAE Systems said it was confident of meeting annual guidance to grow earnings by 12% to 14% this year, and highlighted the potential for its order book of fighter jets, submarines and weapons to expand further in future. BAE, Europe’s biggest defence company, in August upgraded its forecast for underlying earnings (EBIT) …
UK defence group BAE confident on 2024 forecasts and future growth Read More »
BERLIN (Reuters) -German chipmaker Infineon said on Tuesday that it expected “subdued” performance in 2025, citing weak demand in its end markets. “With the exception of artificial intelligence, our end markets are currently offering hardly any growth impetus and the cyclical recovery is delayed,” said CEO Jochen Hanebeck. “We are therefore preparing for a subdued …
A look at the day ahead in European and global markets from Ankur Banerjee With President-elect Donald Trump’s Republican Party looking likely to claim a majority in both chambers of Congress, the so-called Trump trades are showing no signs of easing. Bitcoin’s blistering rally rages on as the world’s best known cryptocurrency scaled yet another …
Morning Bid: Bitcoin sparkles as Trump trades roll on Read More »
(Reuters) – A group of EchoStar’s Dish bondholders rejected a proposed debt-exchange offer from DirecTV that was contingent upon them accepting a “haircut” of $1.5 billion, a document viewed by Reuters on Monday showed. The group represents more than 85% of Dish’s bondholders. It was not immediately clear how the rejection will affect DirecTV’s plan …
Dish bondholders reject debt-exchange offer for DirecTV deal, document shows Read More »
By Toby Sterling MUNICH (Reuters) -The CEOs of Europe’s three biggest computer chip makers on Monday said that demands by the U.S., Chinese and European governments that each region have its own semiconductor production are a worsening obstacle to business. In a rare joint appearance following the election of Donald Trump to the U.S. …
CEOs of European chip makers concerned about nationalist industrial policies Read More »
