BERLIN (Reuters) – German exports and industrial output fell more than expected in September, showing the weakness of two of the pillars of the German economic model at the start of the fourth quarter. Exports fell by 1.7% in September compared with the previous month, data from the federal statistics office showed on Thursday. The …
German exports and industrial output fall more than expected Read More »
By Aatrayee Chatterjee (Reuters) -Wizz Air on Thursday posted a bigger than expected drop in first-half net profit, hit by ongoing issues with engine inspections that grounded its Airbus planes and the impact of conflict in the Middle East. The company, which operates an all-Airbus fleet, has encountered challenges with Pratt & Whitney RTX engines, …
Wizz Air profit hit by operational challenges and Mideast conflict Read More »
MUNICH (Reuters) – The finance chief of Munich Re, the world’s largest reinsurer, said there must be political stability and effective government in Germany, after a row over spending and economic policy torpedoed Chancellor Olaf Scholz’s coalition. It is “of course very, very important for us, I believe, as for the entire German economy, to …
Munich Re stresses importance of effective German government after coalition meltdown Read More »
By Paul Sandle LONDON (Reuters) -Britain’s ITV reported a bigger-than-expected revenue fall on Thursday, sending its shares 9% lower, as the broadcaster’s studios business continued to feel the effects of last year’s strike by U.S. writers. Revenue at the “Coronation Street” broadcaster fell by 8% to 2.74 billion pounds ($3.54 billion) in the nine months …
Britain’s ITV revenue drops on studios business, shares slide Read More »
LONDON (Reuters) – CAB Payments saw shares tumble by as much as a fifth in early trading on Thursday after U.S. rival StoneX Group pulled out of takeover talks. Stock in the London-listed cross-border payments processor was trading 17.5% lower at 0858 GMT, and is on course for its second largest one-day stock price drop …
CAB Payments shares plunge after StoneX ditches bid talks Read More »
(Reuters) – Britain’s National Grid posted 14% increase in first-half underlying profit on Thursday, helped by higher UK electricity transmission revenue and better rates at its New York businesses. The company, which runs Britain’s energy systems and operates electricity and gas business in New York and Massachusetts, posted an underlying operating profit of 2.05 billion …
UK’s National Grid posts 14% rise in first-half underlying profit Read More »
FRANKFURT (Reuters) – Euro zone firms expect their turnover to keep rising this quarter but their margins remain under pressure with wage growth outpacing selling price increases, the European Central Bank said in a quarterly survey on Thursday. Euro zone economic growth has been hovering just above zero for more than a year now and …
Euro zone firms see continued margin pressures, ECB survey shows Read More »
By Paolo Laudani and Bernadette Hogg (Reuters) -Delivery Hero said on Thursday it expects annual gross merchandise value (GMV) growth at the upper end of its forecast range, after the German online takeaway food company reported solid growth for the third quarter. Shares in the company, which owns the Glovo and foodpanda delivery apps, opened …
Glovo owner Delivery Hero expects growth at upper end of forecast, posts solid Q3 Read More »
FRANKFURT (Reuters) – The European Central Bank’s steady reduction of its balance sheet is starting to have measurable impact on some financial markets, easing stress in some areas and rekindling activity elsewhere, ECB board member Isabel Schnabel said on Thursday. The ECB’s reduced footprint in the market, along with large debt issuance by euro zone …
ECB’s reduced market footprint showing effects, Schnabel says Read More »
By Amanda Cooper LONDON (Reuters) – The pound rose on Thursday ahead of a Bank of England rate decision, although trading was still mostly dominated by the reverberations of Donald Trump’s win in the U.S. presidential elections that fuelled a huge dollar rally. The BoE is widely expected to cut rates at this meeting, although …
Sterling claws back losses ahead of BoE decision Read More »
