By Shashwat Chauhan and Shubham Batra (Reuters) -European shares ended lower on Wednesday, following a broad rally earlier in the session, hurt by a drop in utilities shares on fears that U.S. President-elect Donald Trump could halt fresh approvals for offshore wind projects. Trump, who recaptured the White House by securing more than the 270 …
By Stine Jacobsen COPENHAGEN (Reuters) -Shares in European clean energy groups plummeted on Wednesday after Donald Trump was elected president of the United States, as investors fretted over a potential dismantling of U.S. support for renewables and climate policy. Trump had vowed to scrap offshore wind projects through an executive order on his first day …
European clean energy stocks tumble as Trump wins US presidency Read More »
By Nikhil Sharma and Sruthi Shankar (Reuters) -The UK’s benchmark FTSE 100 slipped on Wednesday as losses in shares of homebuilders and precious miners countered an upbeat global market sentiment following Republican Donald Trump’s election as U.S. president. The blue-chip FTSE 100 was down 0.1%, while the FTSE 250 midcap index rose 0.3%. Both indexes …
FTSE 100 pulls back from early gains after Trump’s victory Read More »
MILAN (Reuters) – Banco BPM said on Wednesday it could beat its 2024 earning per share (EPS) guidance after posting a 79.8% rise in nine-month net profit from a year earlier. Italy’s third-largest bank reported a net profit of 1.7 billion euros ($1.82 billion) in the January-September period, up from 943.4 million a year earlier, …
Banco BPM may beat guidance on 2024 EPS after 9-month net profit jump Read More »
By Maggie Fick and Jacob Gronholt-Pedersen LONDON (Reuters) -Novo Nordisk chief financial officer Karsten Munk Knudsen said on Wednesday the company was aware of reports of 10 deaths and 100 hospitalisations of people who had taken compounded copies of its weight-loss and diabetes drugs. U.S. regulations allow compounding pharmacies to copy brand-name medicines that are …
Novo Nordisk aware of reports 10 people taking compounded weight-loss drug copies died Read More »
(Reuters) – Britain’s finance ministry did not break the law when it gave forecasts to the Office for Budget Responsibility before March’s budget that missed billions of pounds of spending pressures, the Treasury’s top civil servant said on Wednesday. Last week, the OBR said the Treasury had failed to share information about large upward pressures …
MILAN (Reuters) – UniCredit CEO Andrea Orcel said on Wednesday banks need to be more efficient and profitable and expressed confidence that “people will look at the facts” when weighing up a potential deal with Commerzbank. In beating expectations with its third-quarter earnings and improving the profit outlook, UniCredit said in presentation slides its German …
UniCredit CEO pushes merger credentials as it outperforms Commerzbank Read More »
(Reuters) – British food maker Boparan Holdings’ proposed deal to buy Dutch agricultural feed company ForFarmers’ feed mill site in Burston could reduce competition in poultry supply in the area, the UK competition watchdog said on Wednesday. The Competition and Markets Authority’s (CMA) initial probe found the deal would give Boparan the ability and incentive …
ForFarmers’ UK poultry mill deal with Boparan could harm competition, UK regulator says Read More »
LONDON (Reuters) -Lloyd’s of London insurer Beazley said on Wednesday that its initial view of its net exposure to U.S. hurricanes Helene and Milton was between $125 and $175 million. Insurers are bracing for large claims from the hurricanes, which caused huge damage in Florida in recent weeks, with analysts predicting up to $55 billion …
Insurer Beazley sees $125-175 million hit from Hurricanes Helene, Milton Read More »
By Harry Robertson LONDON (Reuters) -Euro zone growth may be weaker than earlier thought and fresh barriers to global trade could lead to a vicious circle of trade war with dire consequences for the economy, European Central Bank Vice President Luis de Guindos said on Wednesday. The euro zone economy has barely grown in the …
Trade war would weigh on Europe’s already weak outlook, ECB warns Read More »
