BERLIN (Reuters) – Companies in Germany’s industrial, retail and corporate services sectors are planning more price increases, bringing inflation on track to rise to the European Central Bank’s 2% target, according to a survey published on Tuesday. Ifo’s price expectations index grew to 15.9 in October from 14.1 points in September, the economic institute said. …
More companies planning price hikes in Germany, survey finds Read More »
BERLIN (Reuters) – German consumer sentiment is set to continue to recover heading into November as households are more optimistic about their income prospects, though high prices and bad job market news are diluting those positive factors, a survey showed on Tuesday. The consumer sentiment index, published by GfK and the Nuremberg Institute for Market …
German consumer sentiment on steady path to recovery in November, finds GfK Read More »
By Nora Buli OSLO (Reuters) – The Nordic power market will on Tuesday switch the method for setting day-ahead prices, aiming to boost grid efficiency, improve renewable energy integration and even out electricity costs across the region, market operators said. The market consists of 12 bidding zones, five in Norway, four in Sweden, two in …
Nordic region switches power market model to aid renewables integration Read More »
(Reuters) -Poland’s Bank Millennium posted an 85% jump in third-quarter net profit on Tuesday, beating analysts’ estimates, as costs related to its FX mortgage loan portfolio declined. The Polish unit of Portugal’s biggest lender, Millennium bcp, posted a net profit of 189.8 million zlotys ($47.2 million), as provisions for legal risks related to its portfolio …
Poland’s Bank Millennium net profit jumps on lower FX loan provisions Read More »
MOSCOW (Reuters) – Russian internet giant Yandex reported a 36% rise in first-quarter revenue to 276.8 billion roubles ($2.85 billion), driven by growth in e-commerce and its search and portal business. Adjusted net profit for the quarter jumped by 118% to 25.1 billion roubles, while adjusted earnings before interest, tax, depreciation and amortisation, reached 54.7 …
A look at the day ahead in European and global markets from Kevin Buckland Earnings are very much front and centre on Tuesday, particularly with markets mostly treading water as a huge week of event risk gets underway. Five of the megacap tech stocks dubbed the “Magnificent 7” – responsible for powering Wall Street to …
Morning Bid: Risk spotlight swings to earnings avalanche Read More »
By Harry Robertson LONDON (Reuters) -Britain’s finance minister Rachel Reeves will deliver the first budget of the new Labour government on Wednesday, two years after then-Prime Minister Liz Truss’ tax-cutting plans sparked a crisis in the bond market. Bond prices fell last week on reports Reeves would tweak the country’s fiscal rules to allow more …
Global fund managers sanguine on UK bonds as budget looms Read More »
FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp is working on a spin-off of its warship division after private equity firm Carlyle dropped out as a bidder last week, the group’s CFO said, flagging 2026 as a realistic time frame for when such a move could happen. “A spin-off in the coming calendar year would be ambitious in my …
Thyssenkrupp CFO: Spin-off of marine division possible in 2026 Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp is focused on a 50:50 steel joint venture with Czech billionaire Daniel Kretinsky but will seek talks with other steelmakers should that deal falter, as the ailing conglomerate is sketching out a potential plan B for the unit. The conglomerate’s new finance chief Jens Schulte, …
Exclusive-Thyssenkrupp has Plan B for steel if Kretinsky deal should fail, CFO says Read More »
By Nina Chestney LONDON (Reuters) – UK-based renewable energy investor Low Carbon said it has sold a 6 gigawatt portfolio of battery storage projects in the Netherlands to S4 Energy, which is majority-owned by global commodities merchant Castleton Commodities International (CCI). The battery storage portfolio is one of the largest under development in the world, …
Exclusive-UK investment firm Low Carbon sells 6 GW Dutch battery storage portfolio Read More »
