By Joanna Plucinska LONDON (Reuters) -British Airways owner IAG reported a surge in first quarter earnings on Friday helped by rising demand over the Easter holiday and said it was seeing strong summer bookings. Chief Executive Luis Gallego said the group, which also owns Iberia, Aer Lingus and Vueling airlines, had already secured more than …
BA-owner IAG projects strong summer after solid first quarter Read More »
By Suban Abdulla and David Milliken LONDON (Reuters) -Britain’s economy grew by the most in nearly three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year and delivering a boost to Prime Minister Rishi Sunak ahead of an election. Gross domestic product expanded by …
UK exits recession with fastest growth in nearly three years Read More »
By Jesús Aguado and Andres Gonzalez MADRID/LONDON (Reuters) -Sabadell CEO Cesar Gonzalez-Bueno was in London on Thursday meeting with analysts to champion his bank’s success when news landed that rival BBVA was going hostile with its 12.23 billion-euro ($13.2 billion) takeover offer. The surprise move – the first hostile banking takeover bid in Spain since …
BBVA’s Torres stuns Spain and banking bosses with hostile bid Read More »
By Harry Robertson LONDON (Reuters) – The pound rose on Friday after data showed the British economy beat expectations in the first quarter of the year, growing 0.6% and leaving behind 2023’s mild recession. Sterling was last up 0.1% at $1.2537, having traded at $1.2516 before the figures were released. The pound is slightly higher …
Sterling rises after UK economy beats expectations and exits recession Read More »
LONDON (Reuters) – Total aluminium stocks in London Metal Exchange-registered warehouses rose by 88% to 903,850 metric tons on Thursday, their highest level since January 2022, daily LME data showed on Friday. Inventories have been subject to so-called rent share deals, sources said last month, with traders taking Russian-made aluminium from the warehouses and returning …
LME reports 88% jump in aluminium stocks in LME-registered warehouses Read More »
LONDON (Reuters) – The British arm of German supermarket group Lidl said it would lift wages by over 3% in June, giving thousands of workers a third pay rise in 12 months. Lidl said on Friday it would raise pay for staff across Britain to 12.40 pounds per hour from 12 pounds per hour, while …
Retailer Lidl UK raises staff pay for third time in 12 months Read More »
By Matteo Allievi MADRID (Reuters) – Spanish hotel group Melia on Thursday lifted its 2024 core profit guidance to at least 525 million euros ($563.3 million) on expectations tourism will remain strong, and said it would resume dividend payments for the first time in four years. The Mallorca-based company had previously forecast core earnings before …
Spain’s Melia lifts 2024 core earnings guidance to at least $563 million Read More »
(Reuters) – Italian asset manager Azimut Holding said on Thursday it was confident of exceeding its profit target for the year, after reporting a drop in first-quarter net profit when adjusted for one-off accounting and tax items. The company, which is working on a project to be able to raise funds from bank deposits, said …
Azimut posts drop in adjusted net profit, selects spin off staff Read More »
(Reuters) -Blackstone looked set to clinch its $1.57 billion deal for Hipgnosis Songs Fund after Apollo-backed Concord said on Thursday it would stick with its lower bid for the music rights owner of artists such as Shakira and Red Hot Chili Peppers. Shares in Hipgnosis, which also owns rights to songs by The Chainsmokers, were …
Blackstone set to clinch Hipgnosis Songs as Concord sticks with lower bid Read More »
ROME (Reuters) -Italian shipbuilder Fincantieri said on Thursday it had bought Leonardo’s Underwater Armament Systems (UAS), in a deal giving the submarine business line an enterprise value of 415 million euros ($447.20 million). The acquisition is comprised of a fixed 300 million euros, plus a maximum of 115 million linked to the 2024 performance of …
Fincantieri buys Leonardo’s submarine business in 415 million euro deal Read More »
