(Reuters) – Martin Sorrell’s ad group S4 Capital issued a profit warning on Thursday and forecast a low double-digit decline in its annual like-for-like net revenue after a tough third quarter due to underperformance from content and tech clients. Shares of S4 Capital slumped as much as 17% to a record low in early trade. …
Sorrell’s S4 Capital tumbles to record low after profit warning Read More »
(Reuters) – Britain’s Harbour Energy on Thursday raised its 2024 production forecast by 1% at midpoint to reflect the contribution from its purchase of oil and gas firm Wintershall Dea’s assets. The largest British North Sea oil and gas producer now expects annual production of 255-265 thousand barrels of oil equivalent per day (kboepd), including …
UK’s Harbour Energy marginally raises 2024 production forecast Read More »
By Andrea Mandala and Valentina Za MILAN (Reuters) – Italy’s third-largest Banco BPM on Wednesday said it would launch a buyout offer to gain full control of asset manager Anima Holding in an up to 1.6 billion euro ($1.7 billion) deal. Banco BPM already owns 22% of Anima. The buyout offer, aimed at taking Anima …
Italy’s Banco BPM launches $1.7 billion bid for asset manager Anima Read More »
BERLIN (Reuters) – Joerg Kukies, a top official in the German chancellery and deputy finance minister, will be the next German finance minister after Christian Lindner was fired, broadcaster Tagesschau reported on Thursday. (Writing by Miranda Murray, Editing by Rachel More)
LONDON (Reuters) -Britain’s Rolls-Royce stuck to guidance for annual profit growth of at least 30% this year as its airline customers flew more and demand for power for data systems and defence equipment continued to grow. That strength offset problems in the aerospace supply chain which has caused delays for parts, and which the company …
UK’s Rolls-Royce confident on profit growth despite supply chain woes Read More »
(Reuters) -UK homebuilder Taylor Wimpey said on Thursday there has been an improvement so far in the second half of the fiscal year and retained annual earnings outlook, as lower mortgage costs helped counter affordability concerns among homebuyers. British housebuilders, after battling subdued demand for most of 2024, have witnessed signs of improved demand in …
UK homebuilder Taylor Wimpey retains annual earnings outlook on steady demand Read More »
COPENHAGEN (Reuters) – Norway’s Equinor said on Thursday it has agreed to buy Sval Energi’s 11.8% stake in the ongoing offshore development Halten East Unit in the Norwegian Sea, increasing the company’s ownership to 69.5%. The recoverable reserves in Halten East are estimated to be around 100 million barrels of oil equivalents, of which approximately …
Equinor agrees to buy Sval Energi’s 11.8% stake in Halten East Unit Read More »
GDANSK (Reuters) -Croatian food retailer Studenac is planning an initial public offering with plans to list on the stock exchanges of Warsaw and Zagreb, the company said on Thursday. The offer will consist of new shares and the sale of existing shares by current shareholders. The primary sellers include Polish Enterprise Fund VIII, which owns …
Croatian food retailer Studenac plans Warsaw, Zagreb IPO Read More »
LONDON (Reuters) -British house prices hit a new record high in October but the 0.2% rise from September was the smallest in three months and demand could remain subdued if interest rates fall only slowly and as taxes on home-buyers go up, mortgage lender Halifax said. The increase was in line with the median forecast …
UK house prices hit record high but rise by least in 3 months, Halifax says Read More »
(Reuters) – German industrial production fell in September by 2.5% compared to the previous month, the federal statistics office said on Thursday. Analysts polled by Reuters had predicted a 1.0% fall. (Reporting by Amir Orusov and Chiara Holzhaeuser, Editing by Rachel More)
