By Jesús Aguado MADRID (Reuters) -Lending income at Spain’s Santander came under pressure in the third quarter from lower euro zone interest rates though a drop in loan loss provisions and costs helped it book a record quarterly profit. Santander, like other banks, had benefited from a period of higher interest rates, while growth in …
Santander third-quarter lending income hit by lower rates Read More »
MILAN (Reuters) – Italian tyremaker Pirelli is not planning to close any of its factories as a response to the crisis of the automotive industry, CEO Andrea Casaluci said at a business conference in Milan. Casaluci said Pirelli had already restructured its operations in 2018-2019, closing one plant in Britain, and was now working on …
Pirelli CEO says company is not currently planning any factory closures Read More »
By Alberto Chiumento (Reuters) -Swiss dental implants maker Straumann on Tuesday reported double-digit percentage growth in its organic revenue for the third quarter, as more people sought dental services around the world, and especially in the Asia-Pacific. However, its shares fell around 6% by 1003 GMT, as its North American business continued to suffer from …
Straumann’s sales rise, but weak North America drags shares Read More »
BERLIN (Reuters) – The transformation of the German car industry could lead to 186,000 jobs losses by 2035, of which roughly a quarter have already occurred, a study commissioned by the VDA auto industry association released on Tuesday showed. The 46,000 jobs already lost between 2019 and 2023 were due mainly to the transition to …
German car industry transformation could cost 186,000 jobs by 2035, study finds Read More »
By Javi West Larrañaga and Jesus Calero (Reuters) -Spanish steelmaker Acerinox posted a sharp drop in third-quarter net profit on Tuesday as a result of a weak stainless steel market in Europe and North America that it said will likely continue through the fourth quarter. Its shares fell 4.1% by 0844 GMT, making them among …
Steelmaker Acerinox expects weak demand to persist into fourth quarter Read More »
PRAGUE (Reuters) – Czech electricity producer CEZ will take a minority stake in Rolls-Royce SMR to take part in the small nuclear reactor technology’s roll-out in Britain, the Czech Republic and beyond, the companies said on Tuesday. CEZ will take around 20% stake in Rolls-Royce SMR pending regulatory approvals, and plans to install up to …
CEZ to take stake in Rolls-Royce SMR to roll out small nuclear plants Read More »
LONDON (Reuters) – The median full-time annual salary in the United Kingdom reached 37,430 pounds ($48,603) in April 2024, up 6.9% on a year earlier, according to the country’s most comprehensive annual survey of employee earnings. Pay rose fastest in the accommodation and food services sector, up 9.8%, while earnings rose by 7.7% for ‘caring, …
UK median full-time pay rises 6.9% to 37,430 pounds, ONS says Read More »
LONDON (Reuters) -British lenders approved 65,647 mortgages in September, the Bank of England said on Tuesday, the highest number since August 2022, shortly before the country was hit by the “mini-budget” bond market crisis under former Prime Minister Liz Truss. The figure was slightly higher than the median forecast of 65,000 in a Reuters poll …
UK mortgage approvals hit highest since before 2022 ‘mini-budget’ Read More »
KYIV (Reuters) – The coal mine in the eastern Ukraine town of Pokrovsk, a supplier of coking coal vital for the steel industry, is still operating despite the approach of Russian forces, an industry source said on Tuesday. Ukrainian military analysts said this week that Russian troops had moved to within about 7.5 km (4.6 …
Ukraine’s key Pokrovsk coal mine still operating as Russian troops move closer Read More »
STOCKHOLM (Reuters) – Norway’s sovereign wealth fund said on Tuesday it has bought a 97.7% stake in an office property in Menlo Park in the San Francisco bay area for $217 million, in a joint venture with U.S. real estate investment firm DivcoWest. Norges Bank Investment Management (NBIM), the world’s largest sovereign wealth fund, said …
Norway’s sovereign wealth fund buys 98% of US office building for $217 million Read More »
