By Sruthi Shankar (Reuters) -The UK’s FTSE 100 slipped on Thursday after the Bank of England (BoE) cut interest rates as expected but projected higher inflation and economic growth following the new government’s first budget. The FTSE 100 closed down 0.3%, with the export-oriented index weighed down by a 0.8% rise in the pound after …
FTSE 100 slips after BoE cuts rate as expected but flags higher inflation Read More »
ATHENS (Reuters) – The European economy would suffer if Donald Trump enacted his pledges on tariffs and trade barriers, and this could impact European Central Bank policy, Greek Central Bank chief Yannis Stournaras said on Thursday. “It will have a negative impact on the European economy and it will also have an implication for the …
European economy would suffer from Trump tariffs, ECB’s Stournaras says Read More »
(Reuters) -Brembo’s acquisition of suspension technology manufacturer Ohlins Racing, its biggest ever, will not prevent the Italian premium brake maker from assessing further and larger M&A deals, its top executive said on Thursday. Brembo, which earlier on Thursday presented broadly stable results for the first nine months of this year, in October announced the $405 …
Italy’s Brembo still ready for M&A after Ohlins deal Read More »
(Reuters) – Eurobank, Greece’s largest lender by market value, on Thursday reported higher profit for the first nine months of the year, driven by higher net interest and net fee and commission incomes. Reported net earnings came in at 1.14 billion euros ($1.23 billion) in the January-to-September period, up 15.8% from the 980 million euros …
Eurobank posts higher 9-month profit as net interest income rises Read More »
By Nick Carey LONDON (Reuters) – British luxury carmaker Bentley said on Thursday it will launch its first electric car in 2026 and said it will keep selling plug-in hybrids until 2035, formally abandoning a previous goal of going fully electric by 2030. The Volkswagen unit said the first electric Bentley will be a “luxury …
Bentley to launch SUV EV in 2026, extend sales of plug-in hybrids to 2035 Read More »
MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday its net revenues rose 12% at constant exchange rates in the first nine months of the year, helped by new openings. In the third quarter alone revenues also grew by 12%. “Against a backdrop of headwinds in the luxury sector, we are committed …
IPO candidate Golden Goose posts 12% increase in sales Read More »
By Benjamin Mallet PARIS (Reuters) -EDF is in talks with three companies to power their 1 gigawatt (GW) data centre projects in France, an executive at the French utility said on Thursday, as demand for the power-hungry operations booms on growing use of artificial intelligence. State-owned EDF is the world’s largest producer of nuclear power, …
France’s EDF in talks on deals to power three 1GW data centres Read More »
(Reuters) -Volkswagen will recall 114,478 vehicles in the United States on concerns over the driver-side airbag, the National Highway Traffic Safety Administration said on Thursday. The recall consists of some Beetle and Passat vehicles from model years 2006-2019. “The driver’s side frontal airbag inflator may explode due to propellant degradation occurring after long-term exposure to …
Volkswagen to recall over 114,000 US vehicles over airbag concern, NHTSA says Read More »
By Savyata Mishra (Reuters) – Ralph Lauren raised its annual sales forecast on Thursday, on strong holiday demand for its expensive cashmere sweaters and shirts as wealthy customers remain undeterred by price hikes. Shares of the luxury retailer rose 5% in early trading as the company also beat its second-quarter results. Predominantly younger, higher value …
Ralph Lauren raises sales target on strong holiday demand for sweaters, shirts Read More »
PARIS (Reuters) – France’s gambling regulator said on Thursday it was examining whether Polymarket, the platform where a French trader placed a successful multi-million dollar bet on Donald Trump winning the U.S. presidential election, complies with French laws. “We are currently examining its operation as well as its compliance with French legislation on gambling,” ANJ …
French watchdog probes Polymarket, where trader won big on Trump bet Read More »
