By Alessandro Parodi (Reuters) -Italy’s FinecoBank on Tuesday forecast record revenues for this year and pledged to return a higher dividend per share on its 2024 results, as the online bank and brokerage expects higher commissions to boost its full-year performance. With interest rates declining, banks have turned to net fees and brokerage products to …
FinecoBank forecasts record 2024 revenue on rising commissions Read More »
ROME (Reuters) -The Italian government’s growth targets for 2024 and 2025 now look hard to achieve, the country’s central bank and budget watchdog UPB said on Tuesday. The Treasury set a growth target of 1% this year and 1.2% in 2025 in its multi-year budget plan unveiled in September. Italian gross domestic product stagnated in …
Italy unlikely to reach its 2024-2025 GDP goals, Bank of Italy and budget watchdog say Read More »
BUCHAREST (Reuters) – The median forecast of a Reuters poll of analysts puts Romanian inflation at 4.4% year-on-year at the end of October, down from September’s 4.62%. Analysts expect inflation to fall to 4.8% by year-end and 3.9% by end-2025, both above the central bank’s current forecasts of 4.0% and 3.4%, respectively. The bank, which …
Romanian macroeconomic indicators and interest rate forecasts: Reuters poll Read More »
By Andrey Sychev (Reuters) -German machine and car parts maker Schaeffler on Tuesday said it planned to lay off 4,700 people in Europe after its operating profit almost halved in the third quarter, highlighting challenges in the European automotive industry. Its shares fell 4.6% by 1250 GMT and are down more than 20% so far …
Schaeffler to cut thousands of jobs, hit by weak auto and industrial units Read More »
(Reuters) – Premier Inn owner Whitbread has kicked off the search for chairman Adam Crozier’s successor, Sky News reported on Tuesday. Crozier, who has chaired the company since 2018, is expected to step down in the next 12 months, although he would not be “timed out” from the role until 2026 under corporate governance guidelines, …
UK’s Premier Inn owner Whitbread kicks off search for chair, Sky News reports Read More »
MILAN (Reuters) -The chief executive of Snam welcomed on Tuesday the European Commission’s green light for a deal for Italy’s biggest liquefied natural gas (LNG) terminal, Adriatic LNG. Earlier this year energy storage group VTTI agreed to buy a 70% stake in Adriatic LNG, with grid operator Snam increasing its stake to 30% as ExxonMobil …
Snam CEO welcomes EU clearance of Adriatic LNG deal Read More »
MILAN (Reuters) – Italian bank Intesa Sanpaolo’s current market value, which tops that of other euro zone lenders, indicates that investors are reassured by its strategy of holding off on “bold” merger and acquisition moves, its CEO said. Asked about rival UniCredit’s possible attempt to take over Germany’s No.2 bank Commerzbank, Carlo Messina told CNBC …
Intesa’s value shows investors are reassured by lack of ‘bold M&A’, CEO says Read More »
MADRID (Reuters) – The negative effect of lower interest rates on Spanish banks’ profitability should be limited and at least partly offset by rising loan volumes, the Bank of Spain said on Tuesday. Any downward pressure on banks’ margins would be countered, at least in part, by a “more favourable evolution of the volume of …
Bank of Spain says lower rates to have limited impact on banks’ profitability Read More »
LONDON (Reuters) – Online fast-fashion platforms Shein and Temu are gearing up for a 2026 trial at London’s High Court, with the rivals trading allegations of copyright infringement and anti-competitive behaviour in competing lawsuits. Shein sued Temu in Britain last year, accusing Whaleco UK Limited – whose ultimate parent is Temu’s owner PDD Holdings – …
Shein, Temu gear up for 2026 UK trial over copyright and competition claims Read More »
LONDON (Reuters) – The pound edged up on Tuesday as traders awaited the outcome of a U.S. election that has proven too close to call for weeks, and separately, the Bank of England’s decision on interest rates later in the week. Recent opinion polls have shown Democratic Vice President Kamala Harris and Republican former President …
Sterling nudges up in jittery trade as US election gets underway Read More »
