BERLIN (Reuters) – Lufthansa extended the suspension of its flights to Tehran and Beirut until early next year for operational reasons, the German flagship airline said on Wednesday. For Lufthansa Airlines, this means flights to Tehran will be suspended up to and including Jan. 31, 2025, while those to Beirut are suspended up to and …
Lufthansa suspends flights to Beirut, Tehran until early 2025 Read More »
By Greta Rosen Fondahn (Reuters) -Europe’s largest debt collector Intrum reported third quarter earnings below expectations on Wednesday, driving its shares lower as investor concern persisted over the size of the company’s own liabilities. Adjusted operating profit fell 5% to 951 million Swedish crowns ($90.21 million) for the quarter ended Sept. 30, from 1.00 billion …
Debt collector Intrum’s Q3 earnings miss estimates Read More »
By Muvija M and Paul Sandle LONDON (Reuters) – Britain on Wednesday launched a major review to tackle the crisis in its water utility sector after years of under-investment and pollution scandals affecting rivers, lakes and seas, which could result in its regulator being abolished. The independent commission, to be headed by Jon Cunliffe, former …
UK begins sweeping review of scandal-ridden water utility sector Read More »
(Reuters) – Poland’s registered unemployment rate remained flat at 5.0% in September compared with 5.0% in August, statistics office data showed on Wednesday, in line with expectations of 5.0%. The statistics office also said that the number of registered unemployed was 769,600 last month. (Reporting by Tymon Miller and Rafal Wojciech Nowak in Gdansk)
By Johan Ahlander STOCKHOLM (Reuters) -Sweden’s Swedbank reported third quarter net profit above expectations on Wednesday, helped by cost cuts and one-off effects. Swedbank shares rose 5.9% at 0713 GMT, outperforming the European banking index, which was up 0.3%. The Nordic country’s biggest mortgage lender said net profit rose to 9.4 billion Swedish crowns ($889 …
Swedbank’s Q3 net profit rises boosted by one-off effects Read More »
LONDON (Reuters) – Anheuser Busch-InBev and Anadolu Efes have tweaked the terms of a planned deal that would see AB InBev exit a Russian joint venture with the Turkish brewer, they said on Wednesday, after the initial plan was rejected by Russian authorities. Anadolu Efes agreed to buy AB InBev out of the 50-50 joint …
LONDON (Reuters) -Dutch brewer Heineken’s third-quarter sales figures beat forecasts on Wednesday, buoyed by higher priced and non-alcoholic beers, but full-year guidance was left unchanged. The world’s second-largest brewer reported a 3.3% rise in organic net revenue year on year, just beating analyst expectations of 3.2% growth. Heineken had disappointed investors earlier in the year …
Heineken quarterly revenue slightly ahead of forecasts Read More »
By Anastasia Lyrchikova, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – A growing chorus of Russian industrial companies and lobby groups are complaining of prohibitively high interest rates and warning that goals for infrastructure development may be missed, with the central bank bearing the brunt of the criticism. Seeking to combat stubbornly high inflation amid …
Russian industry warns central bank’s high rates hurt crucial new investment Read More »
(Reuters) – Commercial property firm British Land on Wednesday named insider David Walker as its chief financial officer (CFO), replacing outgoing finance chief Bhavesh Mistry. Walker, who has worked at British Land for over seven years and has served as chief operating officer since 2021, will take up his new role on Nov. 20, succeeding …
British Land appoints David Walker as finance chief Read More »
(Reuters) – Austrian steelmaker Voestalpine has agreed to sell its German subsidiary Buderus Edelstahl to investment firm Mutares, the companies said on Wednesday, without disclosing the purchase price. Voestalpine said it expected the transaction to close by the end of this year pending regulatory approvals. Buderus Edelstahl employs 1,130 people and generated 362 million euros …
Voestalpine sells German steel unit to investor Mutares Read More »
