Reuters UK Business Archives - Page 1754 of 3179

French aerospace sector concerned about hit to industry from government budget

28 Oct 2024 28 Oct 2024

PARIS (Reuters) – The French government’s budget and its plans for taxes on the aviation sector could negatively impact the country’s aviation and aerospace industry, warned the French Aerospace Industries Association (GIFAS) said on Monday. The industry body added in a statement that the new taxes could also hit French tourism and the global competitiveness …

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Philips’ deteriorating China sales send shares tumbling 16%

28 Oct 2024 28 Oct 2024

By Bart H. Meijer AMSTERDAM (Reuters) -Philips said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices maker to lower its sales outlook for the year and sending its shares down 16%. The company said it had been hit by a deterioration of consumer confidence in China and …

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Analysis-Bricks over clicks as shops come back into fashion in Europe

28 Oct 2024 28 Oct 2024

By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting doubt over the future of retail malls and high streets, but in Europe there are signs that shops are back in vogue and are important for helping to drive online sales. European retailers are …

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Auto parts supplier OPMobility posts higher third-quarter revenue

28 Oct 2024 28 Oct 2024

By Mathias de Rozario (Reuters) -French auto parts supplier OPMobility posted higher third-quarter revenue on Monday, boosted by sales at its modules and exteriors units. Its shares rose 11% by 0800 GMT, making it the biggest gainer on France’s SBF120 index. The group’s consolidated revenue, the only metric it published for the three months to …

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Norway’s wealth fund falls short on climate ambitions, NGO says

28 Oct 2024 28 Oct 2024

By Gwladys Fouche OSLO (Reuters) – The world’s largest sovereign wealth fund is falling short on its own climate expectations by failing to vote in support of key shareholder resolutions during this year’s AGM season, a non-governmental organisation said on Monday. The $1.8 trillion fund pools the Nordic state’s revenue from oil and gas production. …

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UK’s Trainline raises full-year forecast on strong demand

28 Oct 2024 28 Oct 2024

(Reuters) -British rail ticketing company Trainline raised its full-year revenue forecast on Monday for the second time in less than two months, encouraged by a strong start to the second half of the year. Trainline said it now expects annual revenue to grow 11%-13%, up from an earlier view of top end of 7%-11% range, …

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Russia’s VTB Bank on course for record profit in 2024

28 Oct 2024 28 Oct 2024

MOSCOW (Reuters) – Russia’s second-largest lender VTB is on track to make record annual profit of 550 billion roubles ($5.66 billion) in 2024, CFO Dmitry Pyanov said, as the bank reported a 13.2% year-on-year rise in third-quarter profit to 97.9 billion roubles. VTB’s 2023 profit of 432.2 billion roubles was also a record for the …

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No urgency for ECB to speed up policy easing, Wunsch says

28 Oct 2024 28 Oct 2024

By Balazs Koranyi (Reuters) – There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central bank chief Pierre Wunsch said, joining colleagues in pushing back on more dovish views. ECB policymakers have expressed widely different …

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Morning Bid: Event risks galore this week

28 Oct 2024 28 Oct 2024

A look at the day ahead in European and global markets from Vidya Ranganathan A weekend election in Japan that has knocked the yen down to three-month lows, a heavy U.S. corporate earnings calendar, Britain’s budget and the fast-approaching U.S. election make for a week packed with excitement. The yen is down and Japanese shares …

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McDonald’s rules out beef patties as source of E. coli outbreak

28 Oct 2024 28 Oct 2024

(Reuters) – McDonald’s on Sunday ruled out beef patties as a source of the E. coli outbreak linked to Quarter Pounder hamburgers, which has killed at least one person and sickened nearly 75 others. “We remain very confident that any contaminated product related to this outbreak has been removed from our supply chain and is …

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