By Medha Singh (Reuters) – The British pound bounced against a tepid dollar on Monday ahead of high-stakes events this week that include U.S. elections and a Bank of England interest rate decision. Sterling rose 0.4% to $1.297, coming off of its longest string of weekly losses in nearly six years. It fell to a …
Sterling extends bounce off recent lows as U.S. election in focus Read More »
By Conor Humphries DUBLIN (Reuters) -Sharp falls in Ryanair ticket prices seen earlier this summer have eased significantly and Chief Executive Michael O’Leary is optimistic fares will return to growth next summer due to capacity constraints, he said on Monday. The airline, Europe’s largest by passenger numbers, reported an 18% fall in after-tax profit for …
Ryanair fare falls ease after fraught summer, growth to return next year Read More »
By Sarah Young LONDON (Reuters) – The creditor group offering Britain’s Thames Water a 1.5 billion pound ($1.95 billion) funding lifeline urged others to back its plan on Monday, a week before a participation deadline. Britain’s biggest water supplier has been on the brink of collapse since March, when its equity investors refused to pump …
Thames Water creditor group calls on others to back $2 billion lifeline plan Read More »
By Danilo Masoni MILAN (Reuters) – A Donald Trump victory in the race for the White House is widely seen as bullish for European defence stocks, given his warnings to scale back U.S. military support in the region and force NATO members to spend 2% or more of their GDP on defence. However, should he …
In a Trump win, ‘buy-the-dip’ opportunity seen in European defence Read More »
MADRID (Reuters) – Spain’s airport operator Aena said on Monday 50 flights due to take off from Barcelona’s El Prat airport were cancelled or severely delayed after a rainstorm hit the area. The airport operator diverted 17 flights that were due to land at El Prat on Monday morning to alternative airports, Aena said on …
Spain’s airport operator Aena cancels or delays 50 flights in Barcelona Read More »
By Mathias de Rozario (Reuters) – Schneider Electric has ousted CEO Peter Herweck in a surprise move due to differences in how the company’s strategy was being executed, the French industrials giant said on Monday. “The Board of Directors decided to remove from office Peter Herweck as Chief Executive Officer due to divergences in the …
Schneider Electric replaces CEO to speed up strategy execution Read More »
FRANKFURT (Reuters) -Germany’s Commerzbank said on Monday that it had received regulatory approval to buy back up to 600 million euros ($655 million) in shares. The buyback comes as the lender tries to convince investors of its standalone strategy after Italy’s UniCredit bought a big stake and pressed to explore a tie-up. “Our shareholders can …
Commerzbank to buy back up shares as it makes case with investors to stand alone Read More »
(Reuters) – Nvidia led a surge in market value among global firms in October, buoyed by unrelenting demand for its new supercomputing artificial intelligence chips as more companies integrate AI into their daily operations. Nvidia’s market cap rose 9.3% in October to $3.26 trillion, while the company’s supplier, TSMC, saw its market value increase 6.5% …
Market value of Nvidia and TSMC surges in October on strong AI chip demand Read More »
(Reuters) – Investors withdrew money from global equity funds in the week ended Oct. 30, amid caution ahead of Tuesday’s U.S. presidential election and the Federal Reserve’s policy decision later in the week. Investors pulled a net $2.65 billion from global equity funds during the week, marking the first week of net sales since Sept. …
By Iain Withers LONDON (Reuters) -Blackstone’s private wealth business plans to enter at least two new European markets next year to tap growing demand among the well-off, two executives at the company told Reuters. New York-based Blackstone has made attracting funds from wealthy individuals a key priority amid choppy market conditions and as private equity …
Blackstone targets new European markets in global wealth push Read More »
