(Reuters) – Italian retail sales rose 1.2% in September from the month before, data showed on Friday, following a 0.3% fall in August. National statistics institute ISTAT marginally revised up August’s data from an originally reported 0.5% drop. Sales rose 0.7% in unadjusted year-on-year terms in September, ISTAT said. The data are expressed in value …
By Stefano Rebaudo (Reuters) – Sterling was within striking distance of its highest level in more than 2-1/2 years against the euro on Friday as investors bet the European Central Bank would follow a faster monetary easing path than the Bank of England. The BoE cut interest rates on Thursday for the second time since …
Sterling close to 2-1/2-year high versus euro on policy rate bets Read More »
ROME (Reuters) – Italian industrial output fell more than expected in September compared to the previous month and was negative in the third quarter, national statistics bureau ISTAT said on Friday. The numbers follow weak gross domestic product data that showed stagnation in the third quarter, leaving little hope for a 1% full-year growth rate …
Italy industrial output falls more than expected in September Read More »
(Reuters) -Investment fund Oaktree Capital Management has urged British drugmaker Indivior to cooperate with the fund in refreshing its board of directors, it said in a letter dated Nov. 6 and published in a filing on Thursday. The request from the fund, which became the company’s second largest shareholder in July, comes weeks after Indivior …
Oaktree Capital urges UK’s Indivior to refresh board Read More »
(Reuters) – Serco Group shares fell more than 12% on Friday after the British outsourcing company said it was unsuccessful in its bid to renew an immigration services contract with the Australian government. Serco has been providing immigration services to the Australian government since October 2009. The contract is set to expire on Dec. 10, …
Serco loses Australian immigration services contract, shares down over 12% Read More »
(Reuters) – French generative AI startup LightOn launched an initial public offering (IPO) on the Euronext Growth market in Paris on Friday, with a listing expected later in November. WHY IT’S IMPORTANT LightOn, which provides large language model (LLM) software to businesses and the French government, would become the first GenAI startup to be listed …
LightOn to become Europe’s first listed GenAI startup with Paris IPO Read More »
By David Stanway SINGAPORE (Reuters) – On Thailand’s eastern coast, plans are underway to build an electric arc furnace that will deliver green steel to Europe and benefit from contentious new rules that will force buyers to pay tariffs on high-carbon imports. Governments and industry associations in Asia have lobbied ferociously against Europe’s Carbon Border …
Analysis-New green steel firms could reap rewards as EU carbon tariffs loom Read More »
(Reuters) -UK’s largest property portal Rightmove raised its annual average advertising revenue growth forecast on Friday, as easing mortgage costs against an encouraging economic backdrop boosted activity in the residential segment. The average revenue per advertiser (ARPA) growth outlook uplift reflects product uptake across both Estate Agent and New Homes partners, the London-listed firm said. …
By Padraic Halpin DUBLIN (Reuters) – The unique exposure of Ireland’s low-tax business model to the United States could place its public finances at significant risk under a Donald Trump presidency – if he follows through on pre-election promises. Trump has pledged to incentivise industries to bring production back to the United States, and to …
Ireland’s fiscal fortunes suddenly tied to Trump’s economic agenda Read More »
ATHENS (Reuters) -Alpha Bank, Greece’s fourth-largest lender by market value, reported higher net earnings in the January-September period compared to the same period in 2023, on lower provisions and strong interest and fee income. The company, in which Italian bank UniCredit holds a 9% stake, reported normalised net earnings of 665.8 million euros ($717.93 million) …
Greece’s Alpha Bank posts higher 9-month profit on lower provisions, strong income Read More »
