(Reuters) -London’s main stock indexes pulled back on Thursday as the pound strengthened following the Bank of England’s decision to keep interest rates steady ahead of the government’s budget, while investors also digested a flurry of corporate earnings. The blue-chip FTSE 100 index closed 0.4% lower, retreating from a record high it hit a day …
UK stocks fall after BoE holds rates, pound gains ground Read More »
By William Schomberg, David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England kept borrowing costs on hold on Thursday, but a narrow vote and signs that Governor Andrew Bailey might soon join those seeking a rate cut boosted the prospect of a move in December once the government’s budget has been unveiled. Mindful …
Bank of England holds rates in knife-edge vote that hints at December cut Read More »
MILANO (Reuters) -Italy’s Banco BPM on Thursday posted a higher-than-expected quarterly profit helped by higher net fees following its recent purchase of fund manager Anima Holding, which more than offset falling income from lending. Italy’s third-largest bank, which is again at the centre of potential future M&A developments in Italian banking after a failed takeover …
Italy’s Banco BPM beats profit forecast as net fees jump Read More »
(Reuters) -Italian tyre maker Pirelli said on Thursday its operating profit remained broadly stable year-on-year in the third quarter and confirmed its outlook, weathering the impact of tariffs and foreign exchange volatility. The company said adjusted earnings before interest and tax (EBIT) came in at 277.2 million euros in the July-September period, topping a 272 …
Pirelli confirms outlook, helped by measures to mitigate tariffs Read More »
(Reuters) -ArcelorMittal will be able to capture part of the market vacuum resulting from lower imports once the EU’s proposed steel quotas kick in, Chief Financial Officer Genuino Christino said on Thursday. “The expectation is that imports will come down by about 40% in flat (steel) and it’s no secret that our market share is …
ArcelorMittal ready to capture EU market share from lower steel imports, CFO says Read More »
By Sergio Goncalves and Susanna Twidale LISBON/LONDON (Reuters) -Portugal’s EDP said on Thursday it plans to invest 12 billion euros ($14 billion) between 2026 and 2028, mainly to expand its renewable energy capacity with a focus on the U.S., but its shares fell as profit targets undershot expectations. In its strategic plan through 2028, Portugal’s …
Portugal’s EDP to invest $14 billion through 2028 but earnings targets disappoint Read More »
By Darya Korsunskaya and Gleb Bryanski MOSCOW (Reuters) -The Russian government has agreed to phase in a planned lowering of its value-added tax thresholds for small businesses from 2026 rather than impose it in one go, Prime Minister Mikhail Mishustin said on Thursday, after a backlash from business owners. In its draft budget for 2026, …
Russia to phase in lower VAT thresholds after pushback from small businesses Read More »
By Leo Marchandon (Reuters) -French media group Banijay posted a 10% rise in nine-month profits on Thursday, driven by its betting division as it prepares to close a major acquisition that will double its gaming business. The company, which produces TV shows including “Big Brother” and owns betting platform Betclic reported earnings before interest, taxes, …
Betclic owner Banijay’s profit rises 10% as betting gains strength Read More »
By Jakob Van Calster and Mateusz Rabiega (Reuters) -The pan-European exchange group Euronext on Thursday reported third-quarter adjusted core profit which beat market expectations, helped by rising revenue and cost savings. The company also announced a 250 million euro ($292 million) buyback. WHY IT’S IMPORTANT The company continues to offset its dependency on equity trading, …
Euronext tops sixth consecutive growth quarter with buyback Read More »
(Reuters) -Innosera, a consortium led by Nordic Capital and Permira, failed to achieve the required level of support from shareholders for its planned takeover of Bavarian Nordic and will withdraw its bid, Bavarian Nordic said on Thursday. The consortium received acceptances from shareholders representing 60% of shares in Bavarian Nordic, falling short of the minimum …
Nordic Capital, Permira takeover offer for Bavarian Nordic falls through Read More »
