(Reuters) -Piaggio’s net profit slumped 49% to 31.7 million euros ($37.0 million) in the first nine months of 2025, the Italian vehicle maker said on Friday, as the market contracts under the weight of U.S. import tariffs and rising commodity costs. The company, known for its iconic Vespa scooters, sold 346,500 vehicles between January and …
Vespa maker Piaggio’s profit nearly halves in first nine months of 2025 Read More »
By Helen Reid LONDON (Reuters) -Sweden’s Inter IKEA, which supplies furniture to IKEA stores around the world, said on Friday its annual operating profit dropped 26% as the impacts of U.S. tariffs drove up costs. The IKEA brand owner said operating profit for the financial year ended August 31 was 1.7 billion euros ($1.98 billion), …
IKEA profit falls 26% to $2 billion as US tariffs fuel costs Read More »
By Shashwat Awasthi and Joanna Plucinska (Reuters) -British Airways owner IAG on Friday flagged weakness in the U.S. economy market, sending its shares down as much as 10% even as it reported third-quarter operating profit largely in line with expectations and a rise in bookings. It is the latest airline group to signal a slowdown …
British Airways owner IAG shares drop on weak US market Read More »
By Anuja Bharat Mistry (Reuters) -Fragrances have become a staple for Gen Z shoppers, the fastest-growing buyer category globally, and beauty heavyweights are here for the trend. Once dismissed as a luxury indulgence, scents are now a go-to for young consumers seeking to express their style and boost their mood amid economic uncertainty. It is …
Gen Z shoppers can’t get enough of perfumes. Coty, Estee are benefiting Read More »
By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi di Siena on Friday posted third-quarter profit that topped estimates and raised its 2025 outlook, ahead of presenting a new strategy early next year following the acquisition of rival Mediobanca. Monte dei Paschi (MPS), which the state rescued in 2017 and then successfully re-privatised keeping only …
Italy’s MPS hikes 2025 goal after strong quarter as Mediobanca tie-up advances Read More »
(Adds byline) By Stefano Rebaudo (Reuters) -Sterling was headed for its third straight weekly loss against the dollar and the euro on Friday as investors digested the Bank of England’s rate decision and looked ahead to the government’s budget later this month. A narrow vote and signs that BoE Governor Andrew Bailey may soon join …
Pound set for third consecutive weekly fall versus euro and dollar Read More »
LONDON (Reuters) -The Bank of England kept borrowing costs on hold on Thursday, but the narrow vote signals a rate cut could come in December, when they hold their next meeting after the government budget later this month. Mindful of Britain’s still high headline inflation rate, the nine-strong Monetary Policy Committee voted 5-4 to keep …
Bank of England policymakers speak after keeping rates on hold Read More »
(Reuters) -The European Commission is proposing to pause parts of its landmark artificial intelligence (AI) legislation amid intense pressure from big tech companies and the U.S. government, the Financial Times reported on Friday. The move follows months of urging by tech giants like Meta and Alphabet , and pressure from the Trump administration, which has …
LONDON (Reuters) -World food commodity prices fell for a second consecutive month in October, driven largely by ample global supplies, the United Nations’ Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks a basket of globally traded food commodities, averaged 126.4 points in October, down from a revised 128.5 in …
World food prices fall for second consecutive month in October, UN’s FAO says Read More »
(Reuters) -Morgan Stanley, Citigroup and UBS Global Research forecast that the Bank of England (BoE) would deliver an interest rate cut in December, they said separately on Friday, a day after the central bank kept rates unchanged at its policy meeting. They joined Goldman Sachs, which was the first to revise its forecast for a …
Major brokerages expect BoE to cut rates in December after key policy meeting Read More »
