By Amanda Cooper LONDON (Reuters) – Currency traders rushed to hedge against big overnight price movements that might ensue as the results of the 2024 U.S. election trickle out, pushing options volatility for the euro and Mexican peso to the highest since the 2016 vote. The euro and the peso are seen as among the …
FX traders brace for wild moves after US election Read More »
PARIS (Reuters) -French supermarket retailer Auchan is planning to cut more than 2,000 jobs, the company said on Tuesday. The retailer said 2,389 jobs would be cut in various departments, adding that 319 jobs would be created by the changes. The company said it employs 54,000 in France. The cuts were reported earlier on Tuesday …
French supermarket group Auchan planning to cut more than 2,000 jobs Read More »
By Suban Abdulla LONDON (Reuters) – Britain’s services sector lost momentum in the run-up to the new government’s first budget in October, with business activity growing at the weakest rate in 11 months and the first fall in employment since December, a survey showed on Tuesday. The S&P Global UK Services Purchasing Managers Index stood …
UK services sector lost steam in lead up to the budget, PMI shows Read More »
By James Davey LONDON (Reuters) – Budget clothing retailer Primark is expecting to trade well in the run-up to Christmas, the boss of its parent said on Tuesday. “We think that Christmas is going to be good,” George Weston, CEO of Associated British Foods, told Reuters in an interview after the group reported annual results. …
Primark expecting a good Christmas, says parent’s boss Read More »
By Chiara Holzhaeuser (Reuters) -DHL reported third-quarter free cash flow well below market expectations on Tuesday, in another hit to its shares that have lost nearly a fifth of their value this year. The German logistics giant last week lowered its full-year and mid-term forecasts, citing a weaker macroeconomic environment in Europe and low business-to-business …
DHL posts weakened free cash flow for Q3, denting shares Read More »
By Linda Pasquini and Helen Reid (Reuters) -Zalando on Tuesday reported a higher profit margin for the third quarter thanks to strong consumer demand and cooler September weather, as it focused on upmarket brands to fend off competition in the mass market. The German online fashion retailer has been scaling up its logistics business, through …
Zalando sales and profit margin rise on stronger demand Read More »
COPENHAGEN (Reuters) -Shares of Vestas, the world’s largest wind turbine manufacturer, slumped 10% on Tuesday as the company warned its profit margin for the year would likely be at the lower end of its forecast range due to higher costs and warranty provisions. The Danish company’s share price has fallen by 43% so far this …
Vestas shares tumble on disappointing third quarter as US election looms Read More »
By Michal Aleksandrowicz (Reuters) -France’s Bouygues posted better-than-expected nine-month core earnings on Tuesday, thanks to its energy arm Equans, and its construction unit, which got a more than 2 billion euro ($2.18 billion) order in Australia, sending its shares up 4.3%. Sales for Equans – which was acquired from French power group Engie in 2022 …
France’s Bouygues rises on nine-month profit beat, $2.2 billion order in Australia Read More »
(Reuters) – BlackRock committed not to support a delisting of Spanish utility Naturgy for at least three years to win government approval for its acquisition of a stake in the group, a stock market filing by the U.S. fund manager showed. In the filing BlackRock also committed to support Naturgy’s investment plans and presence in …
BlackRock commits to keep Naturgy listed after stake acquisition Read More »
By John Revill ZURICH (Reuters) – Staffing company Adecco expects the hiring market in the United States to pick up following the presidential election, CEO Denis Machuel said on Tuesday, regardless of whether Kamala Harris or Donald Trump wins the White House. Machuel said hiring had slowed as employers held on to staff and with …
Adecco expects improvement in US hiring after election Read More »
