(Reuters) -British packaging company Mondi said on Friday it will take an impairment charge of 100 million euros ($108.23 million) due to the closure of its Stambolijski paper mill after a fire. The company will permanently close the Bulgarian mill after a fire broke out on Sept. 24 causing extensive damage. “After evaluating the options …
UK’s Mondi to take $108 million charge after fire shutters paper mill Read More »
LONDON (Reuters) – British online fashion retailer Boohoo said it was willing to discuss board representation with its biggest shareholder Frasers but there needed to be “appropriate governance” to protect its commercial position. Sportswear and apparel retailer Frasers had on Thursday called for a general meeting of Boohoo shareholders to appoint Mike Ashley as a …
Boohoo seeks governance assurances in row with Frasers Read More »
By Jesus Calero (Reuters) -Yara International, one of the world’s largest fertilizer producers, reported a bigger-than-expected 47% jump in its third-quarter core profit on Friday, helped by its focus on core operations to boost profitability. “Yara is delivering all-time high production performance and strong premiums this quarter, a testament to the robustness of our operations …
Yara’s core profit soars 47% on strong production, high prices Read More »
LISBON (Reuters) – Air France-KLM wants to take part in the privatisation of Portugal’s carrier TAP and is open to various options the government may offer, including purchasing a minority stake, a source familiar with the matter told Reuters. The minority government is finalising consultations with potential suitors for TAP, who also include Lufthansa and …
Air France-KLM open to all options in privatisation of Portugal’s TAP, source says Read More »
By Lawrence White LONDON (Reuters) – NatWest reported a 26% rise in third-quarter profit and raised its income forecast for 2024, as it grew lending and deposits while sustaining margins despite an uncertain UK economic outlook. The stronger-than-expected results from NatWest on Friday capped a stellar run of earnings from British banks this week, showing …
NatWest raises income outlook as lending growth drives profits higher Read More »
ZURICH (Reuters) – Holcim’s spin-off of its North American business is progressing “extremely well”, Chief Financial Officer Steffen Kindler said on Friday, with updates for investors planned soon. “The progress that we’re making in all aspects of this listing from technical topics like accounting to more governance topics is progressing extremely well,” Kindler told reporters …
Holcim spin-off of North American business progressing “extremely well” Read More »
(Reuters) – Spain’s unemployment rate fell to 11.21% in the third quarter of 2024 from 11.27% three months earlier, data from the National Statistics Institute showed on Friday. Economists polled by Reuters had forecast Spain’s unemployment rate would fall to 11.20%. (Reporting by Tiago Brandao; Editing by David Latona)
(Reuters) – Spanish industrial prices fell 5.2% in the 12 months through September, down from a revised 1.4% decrease in the 12 months through August, the National Statistics Institute (INE) said on Friday. INE revised down the year-on-year August price decline to 1.4% from an initial 1.3% decrease. On a monthly basis, industrial prices fell …
Spain’s industrial prices fall 5.2% year-on-year in September Read More »
By Ludwig Burger (Reuters) – French drug maker Sanofi on Friday posted stronger earnings growth than analysts had expected in the third quarter, boosted by an earlier-than-anticipated start of the vaccination season. Quarterly business operating income, excluding one-off items, rose by 14.4% to 4.6 billion euros ($5.0 billion), surpassing the average analyst estimate of 4 …
Sanofi profit growth beats market view on early start of vaccine sales Read More »
BERLIN (Reuters) – Abu Dhabi’s ADNOC said on Friday that the acceptance period for its voluntary public takeover offer for German chemicals maker Covestro has started, with an end date of Nov. 27. The company said the offer price was 62 euros ($67.06) per share in cash, representing a premium of about 54% to the …
ADNOC starts acceptance period for Covestro takeover offer Read More »
