(Reuters) -Norwegian supply shipping company DOF Group has agreed to buy offshore marine service provider Maersk Supply Service (MSS) from Maersk Supply Service Holding (MSSH) for $1.11 billion in a cash and stock deal, it said on Tuesday. As part of the deal, DOF will pay $577 million in cash and issue new shares. MSSH, …
DOF Group to acquire Maersk Supply Service for $1.11 billion Read More »
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) – European Central Bank policymaker Gabriel Makhlouf said on Tuesday he was comfortable with just one more interest rate cut this year as he needed more time to gain confidence inflation was headed to the ECB’s 2% goal. Investors are pricing in at least one, but …
ECB’s Makhlouf sees one more interest rate cut this year, two is ‘too far’ Read More »
ROME (Reuters) -Italy’s tax police have seized almost 84 million euros ($90 million) from GXO Logistics’ Italian unit following an investigation into alleged tax fraud, prosecution documents showed on Tuesday. In a 154-page decree, the Milan Prosecutors’ Office accused the U.S. logistics giant of circumventing labour and tax laws, relying on cooperatives or limited liability …
Italy seizes 84 million euros from GXO Logistics over alleged tax fraud Read More »
By Sruthi Shankar and Jesus Calero (Reuters) -European stocks fell to two-week lows on Tuesday as the relief rally in French shares following the first round of parliamentary elections faded, while data pointed to elevated services inflation in the euro zone. The pan-European STOXX 600 index ended 0.4% lower, off near two-month lows hit earlier …
European stocks slide as French election, rate nerves persist Read More »
By Purvi Agarwal and Pranav Kashyap (Reuters) -London’s benchmark stock index closed at more than a two-month low on Tuesday as investors were cautious ahead of parliamentary elections, although an uptick in oil prices helped offset the declines. The blue-chip FTSE 100 fell 0.6% at 8,121.2, while the mid-cap FTSE 250 was off 0.1%. The …
London’s FTSE 100 hits over two-month low amid election jitters Read More »
LONDON (Reuters) – Britain needs several interest rate cuts to stimulate discretionary spending, the boss of British supermarket group Sainsbury’s said on Tuesday. The Bank of England kept its bank rate unchanged at a 16-year high of 5.25% last month, ahead of a July 4 national election, with some policymakers saying their decision not to …
UK interest rate cuts needed to spur discretionary spending, says Sainsbury’s boss Read More »
By Balazs Koranyi (Reuters) – Euro zone inflation eased last month but a crucial services component remained stubbornly high, likely fuelling concern among some European Central Bank policymakers that domestic price pressures could stay at elevated levels. Consumer inflation in the 20 nations sharing the euro currency slowed to 2.5% in June from 2.6% a …
Euro zone inflation eases a touch but services costs stuck Read More »
(Reuters) -French food caterer Sodexo reported slower quarterly sales growth on Tuesday, missing market forecasts, citing a slowdown in China and a change in how it recognises revenues from a large project in Australia. Shares in the Paris-based group, which spun off its voucher business Pluxee at the start of February, fell 5.5% by 0910 …
French caterer Sodexo lags Q3 sales expectations on China slowdown Read More »
By Elizabeth Howcroft and Utkarsh Shetti LONDON (Reuters) -British fintech company Revolut made a record pretax profit of 438 million pounds ($553.81 million) in 2023 on strong user growth and soaring interest-related income, it said on Tuesday, as it looks to cement its place as Europe’s most valuable startup. The results, filed ahead of a …
Britain’s Revolut surges to record profit as it seeks $40 billion valuation Read More »
By Tim Hepher PARIS (Reuters) -Airbus delivered a preliminary total of around 67 airplanes in June, bringing the total for the first half of the year to around 323 aircraft, up 2% from the same period last year, industry sources said on Monday. Airbus, which last week cut its delivery forecast for the full year …
Airbus deliveries rose 2% in first half, sources say Read More »
