LONDON (Reuters) -Emergency services have suppressed a huge blaze that broke out in the early hours at a BAE Systems shipyard in north west England that builds Britain’s nuclear submarines. Earlier in the day pictures online showed what looked like flames and black smoke emerging from the top of the vast Devonshire Dock Hall building. …
UK emergency services suppress fire at BAE nuclear submarine yard Read More »
(Reuters) – Estee Lauder named insider Stephane de La Faverie its new CEO on Wednesday, as the company looks to revamp its business amid falling demand for cosmetics and premium fragrances with consumers getting picky with their spending. De La Faverie, currently the cosmetic giant’s executive group president, oversees high-end fragrance brands such as Jo …
Estee Lauder names insider de La Faverie as new CEO to kickstart turnaround Read More »
(Reuters) -French video game producer Ubisoft expects net bookings for its third quarter to be down about 39% year on year to about 380 million euros ($412 million) because it has no new releases in the quarter, finance chief Frederick Duguet told reporters on Wednesday. Ubisoft, which has lost half of its stock market value …
Ubisoft expects 39% drop in third-quarter net bookings Read More »
FRANKFURT (Reuters) – The European Central Bank is close to defeating inflation, even if the final steps are yet to be taken, Bundesbank President Joachim Nagel said on Wednesday, echoing the words of his French colleague. Euro zone inflation dipped below 2% last month and will remain not far from 2% in the coming months, …
By Gianluca Lo Nostro (Reuters) -French digital payments company Worldline reported on Wednesday third-quarter revenue broadly in line with analyst expectations, as a resilient performance in its merchant services business offset the termination of some contracts. Revenue in the third quarter of the year fell 1.1% organically year-on-year to 1.16 billion euros ($1.3 billion), in …
Worldline meets Q3 revenue estimates on merchant services strength Read More »
LISBON (Reuters) – Portuguese retailer Jeronimo Martins on Wednesday posted a 7.1% drop in third-quarter net profit as a strain on margins from lower food prices and lingering cost inflation offset higher sales. The company said in a statement it made a net 187 million euros ($203 million) in the quarter, exceeding the 166 million …
Jeronimo Martins’ third-quarter profit falls 7.1%, margins narrow Read More »
ZURICH (Reuters) – The Swiss government said on Wednesday it had approved more sanctions against Belarus, bringing it into line with measures the European Union adopted against Minsk in late June. The measures aim to further align sanctions against Belarus with sanctions against Russia over the invasion of Ukraine. One main aim is to prevent …
Switzerland adopts further sanctions against Belarus Read More »
By Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s main stock index fell 1% to its lowest in over a month on Wednesday, as technology and mining stocks led a broader market decline in the aftermath of disappointing corporate earnings and some key economic data. The pan-European STOXX 600 closed 1.3% lower, having hit its lowest …
STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump Read More »
(Reuters) – Volkswagen wants its workforce to take pay cuts of 10% in order to remain competitive and safeguard jobs, the company said in a statement on Thursday. The announcement comes after a request from the IG Metall union to hike salaries by 7% and reinstate collective agreements. The company says it is unable to …
By Hadeel Al Sayegh and Yousef Saba RIYADH (Reuters) – Banks are in a good position to maintain current strong performance levels even as interest rates come down, Standard Chartered Chief Executive Bill Winters told Reuters on Wednesday. “I think we’re probably going to approach a sweet spot for banks over the next year or …
StanChart’s Winters says banks approaching ‘sweet spot’ Read More »
