AMSTERDAM (Reuters) – Amsterdam’s Schiphol Airport, one of Europe’s main aviation hubs, will increase the fees it charges airlines by a total of 37% over three years to reflect the impact of high inflation and interest rates, it said on Thursday. Airlines will as a result pay Schiphol an average of 15 euros ($16.31) more …
Netherlands’ Schiphol to increase airline fees by 37% over three years Read More »
By America Hernandez PARIS (Reuters) -French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings. Adjusted net income was down 37% from a year earlier and 12.7% lower from the previous quarter’s $4.7 billion. The result just missed analyst …
TotalEnergies Q3 income hits three-year low as refining margins plunge Read More »
PARIS (Reuters) -The fee France’s gambling provider Française des Jeux (FDJ) pays for its monopoly to operate lottery games and sports betting is in line with competition rules after adjustments, the European Commission said on Thursday. The Commission’s decision, which follows an in-depth state aid investigation, confirms the legality of France’s legislation to privatise FDJ, …
EU Commission says French gambling provider did not receive unfair state aid Read More »
By Anastasiia Kozlova and Amir Orusov (Reuters) – Swiss duty-free retailer Avolta slipped as much as 2.6% on Thursday as the third-quarter organic sales growth fell short of expectations due to weakness in its Americas market, analysts said. The company’s sales were affected by slower growth in North America and a decline in Argentina, even …
Avolta’s Q3 organic sales growth misses expectations, shares slide Read More »
By Yamini Kalia (Reuters) -Haleon missed third-quarter revenue and profit expectations on Thursday, hit by a stronger pound and lower sales of its painkiller Panadol in Australia and the Middle East. The company, spun off from British drugmaker GSK in 2022, maintained its annual profit and revenue forecast though, citing strength in “power brands” like …
By Mathieu Rosemain PARIS (Reuters) -Societe Generale’s shares soared on Thursday after CEO Slawomir Krupa shook up his management team and the French bank beat profit forecasts, while rival BNP Paribas’ stock slid following mixed quarterly results. The banks both reported better than expected investment banking sales, but differing performances in their retail businesses and …
SocGen jumps after CEO shakes up top team, rival BNP falters Read More »
By Ananya Mariam Rajesh (Reuters) -Estee Lauder shares slumped as much as 27% on Thursday, after it pulled its annual sales and profit forecasts and cut its dividend as it faces an uncertain outlook in China. The drop in shares would be the largest one-day fall in the stock’s history, as the company aims to …
Estee Lauder pulls annual forecasts on uneven China recovery, new CEO Read More »
BUDAPEST (Reuters) – The Druzhba pipeline will remain Hungary’s primary route for crude oil imports, Foreign Minister Peter Szijjarto said on Thursday after talks with Russian Foreign Minister Sergei Lavrov in Minsk on the sidelines of a conference. The pipeline transports Russian crude through Belarus and Ukraine to Hungary and also Slovakia. Supplies resumed last …
Hungary to keep Druzhba as main crude pipeline, foreign minister says Read More »
By Kirstin Ridley LONDON (Reuters) – Britain’s markets regulator said on Thursday it had fined two more pensions advisers and banned them from holding senior financial positions for wrongly advising steelworkers and others to transfer out of workplace schemes. The Financial Conduct Authority has investigated around 30 firms and individuals and issued fines, bans and …
Regulator bans more advisers over British Steel pension advice Read More »
By Maggie Fick and Casey Hall LONDON/SHANGHAI, (Reuters) -AstraZeneca said its China president Leon Wang is under investigation and the drugmaker would cooperate with Chinese authorities. The company did not say what the investigation was about or whether Wang has been detained by Chinese authorities. When asked about his whereabouts, a company spokesperson reiterated that …
AstraZeneca says its China operations president under investigation Read More »
