By Foo Yun Chee and Bart H. Meijer (Reuters) – Budget airline Wizz Air on Wednesday lost its challenge against a capital increase for Romanian rival TAROM funded by Romania and approved by EU competition regulators, as Europe’s second-top court dismissed its arguments. Wizz Air took its case to the Luxembourg-based General Court after the …
Wizz Air loses challenge against EU-approved Romanian aid for TAROM Read More »
BERLIN (Reuters) – Germany’s services sector saw a slight uptick in business activity in October, reaching a three-month high, although underlying demand remained weak, according to the HCOB Germany Services PMI survey released on Wednesday. The PMI rose to 51.6 from 50.6 in September, marking the first acceleration in growth in five months. Any reading …
German services sector shows modest growth in Oct despite weak demand, PMI shows Read More »
ROME (Reuters) – Italy’s service sector regained strength in October after almost stagnating in September, a survey showed on Wednesday, lifted by a jump in new domestic business. The HCOB Purchasing Managers’ Index for Italian services came in at 52.4 last month, up from 50.5 in September, comfortably above the 50 level that separates growth …
Italian service sector expansion gains pace in Oct, PMI shows Read More »
PARIS (Reuters) – France’s services sector began the fourth quarter on a weak footing, with activity contracting at the fastest pace since March as demand conditions deteriorated, a survey of business executives showed on Wednesday. The HCOB France Services PMI, compiled by S&P Global, fell to 49.2 in October from 49.6 in September, below the …
French services sector contracts further in October, PMI shows Read More »
By Maria Martinez (Reuters) -German industrial orders rose more than expected in September thanks to large-scale orders such as aircraft, ships, trains and military vehicles, according to data released on Wednesday. Orders increased by 4.2% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said. A Reuters poll of …
German industrial orders rise more than expected in September Read More »
LISBON (Reuters) – EDP Renovaveis, the world’s No. 4 wind energy producer, booked a 53% slide in nine-month profit on Wednesday due to fewer capital gains, though the result came in ahead of expectations. Net profit tumbled to 210 million euros ($225 million), above the LSEG consensus estimate of 197 million euros. That included a …
Wind energy firm EDPR’s nine-month profit halves but beats estimates Read More »
MADRID (Reuters) – Spain’s service sector continued its robust expansion in October driven by strong sales and demand, the HCOB Spain Services PMI survey compiled by S&P Global showed on Wednesday. The PMI index for the services sector stood at 54.9 in October, down from 57.0 in September but still comfortably above the 50.0 threshold …
Spain’s service sector maintains strong growth in October, PMI shows Read More »
(Reuters) -UK’s Domino’s Pizza Group said on Wednesday its orders increased in the current quarter on the back of higher delivery orders and discounted pricing, after reporting a like-for-like sales growth for the third quarter. The franchise, which operates under the umbrella of U.S.-based Domino’s Pizza in the UK and Ireland, said total orders climbed …
UK’s Domino’s Pizza says Q4 orders boosted by delivery and discounts Read More »
By Suzanne McGee, Carolina Mandl and Cynthia Kim NEW YORK/SEOUL (Reuters) – Investors bought dollars, bitcoin and stocks, and sold bonds as Donald Trump claimed victory in the U.S. presidential election and Republicans took control of at least one chamber of Congress. U.S. stock futures hit record highs, the dollar surged and Treasury yields jumped, …
By Valentina Za MILAN (Reuters) -UniCredit raised its profit outlook on Wednesday and said it would start paying out half of its net income to investors in cash from next year, after posting a higher-than-expected net profit for the third quarter. UniCredit, Italy’s second-biggest bank by assets, is awaiting supervisory approval to become the main …
UniCredit raises profit, distribution outlook after solid quarter Read More »
