LONDON (Reuters) -Ocado, the British online supermarket and technology group, on Thursday named Adam Warby as its chair from Dec. 1, succeeding Rick Haythornthwaite. Warby is a veteran of the technology sector. He is currently chair of NASDAQ-listed advisory group Heidrick & Struggles International and is a previous chair of Swiss software firm SoftwareOne Holding. …
(Reuters) – French consumer prices rose in line with expectations in October, preliminary data from statistics agency INSEE showed on Thursday. France’s harmonized inflation rate, adjusted for comparison with other euro zone countries, increased to 1.5% year-on-year in October. A poll of 19 economists surveyed by Reuters was expecting a rise of 1.5% on average. …
French preliminary inflation at 1.5% in October, in line with expectations Read More »
By Maria Martinez (Reuters) – German retail sales unexpectedly rose in September, extending an upward trend started in June, although growing at a slower pace. Retail sales increased by 1.2% compared with the previous month, data from the statistics office showed on Thursday. Analysts polled by Reuters had predicted a 0.5% decrease. The economy expanded …
German retail sales unexpectedly rise in September Read More »
LONDON (Reuters) – Mobile group Vodafone and Romania-based operator Digi said on Thursday they had signed a memorandum of understanding with Hellenic Telecommunications Organization to buy its subsidiary Telekom Romania Mobile (TKRM). Vodafone said under the terms of the agreement it would buy TKRM and a significant proportion of its assets and Digi would also …
Vodafone and Digi sign MoU to acquire Telekom Romania Mobile Read More »
By Shanima A (Reuters) – Bottler Coca-Cola HBC raised its annual forecast and exceeded market estimates for third-quarter organic revenue growth on Thursday, supported by strong demand for energy, coffee and sparkling drinks. The quarterly revenue jump was fuelled by growth across all segments in volume, pricing, and mix, the company said. Beverage companies are …
Bottler Coca-Cola HBC raises annual forecast after Q3 revenue growth beat Read More »
By Michael Kahn and Jan Lopatka PRAGUE (Reuters) – Europe’s small and medium-sized defence companies are struggling to access finance needed to drive innovation and grow production lines even as demand soars due to the war in Ukraine and other conflicts, government officials, firms and experts say. A lack of access to public funding, red …
Europe’s small arms companies struggle for cash despite military spending boom Read More »
MILAN (Reuters) – Frankfurt-listed shares in Microsoft and Meta both fell in early trading on Thursday, even as earnings at the two U.S. tech groups beat Wall Street expectations. Microsoft predicted slower growth in its cloud business Azure and Facebook owner Meta warned of “significant acceleration” in artificial intelligence-related infrastructure expenses next year. By 0711 …
Microsoft and Meta shares fall in Frankfurt despite earnings beat Read More »
By Jesús Aguado MADRID (Reuters) – Lending income at Spain’s Caixabank came under pressure in the third quarter from lower interest rates, even while the lender reiterated its high single-digit growth guidance for 2024 because of controlled funding costs. While interest rates were rising, Spanish banks benefited from more lucrative loans and limited increases of …
Caixabank’s lending income hit by lower rates, unveils share buyback Read More »
By Jesús Aguado MADRID (Reuters) -Sabadell said on Thursday its third-quarter net profit beat forecasts, supported by lower provisions and a recovery at its British unit TSB as the Spanish bank tries to fend off a hostile takeover bid from larger rival BBVA. Lending income, however, came under pressure in the third quarter due to …
Sabadell’s Q3 net profit beats forecast despite lending income squeeze Read More »
By Mathieu Rosemain PARIS (Reuters) – Societe Generale’s CEO Slawomir Krupa is reshuffling management through the appointment of a new finance chief and changes that will see him take direct supervision of the French retail banking activities. Philippe Aymerich steps down as deputy CEO on Thursday, the company said, relinquishing responsibilty for the bank’s underperforming …
