Reuters UK Business

LONDON (Reuters) – Bitcoin’s long-anticipated ‘halving’ is, depending on where you sit, a vital event that will burnish the cryptocurrency’s value as an increasingly scarce commodity, or little more than a technical change talked up by speculators to inflate its price. The halving comes after bitcoin hit an all-time high of $73,803.25 in March. But …

Explainer-Bitcoin’s ‘halving’: what is it and does it matter? Read More »

By Greta Rosen Fondahn STOCKHOLM (Reuters) – Norway’s $1.6 trillion sovereign wealth fund, one of the world’s largest investors, will support a resolution calling for Goldman Sachs to split the roles of CEO and board chair, it said on Friday. Proxy advisors Institutional Shareholder Services (ISS) and Glass Lewis have recommended that investors back a …

Norway wealth fund backs proposal to split Goldman CEO, chair roles Read More »

PARIS (Reuters) -Shares in L’Oreal rose 5% on Friday after the French cosmetics giant beat expectations with a strong rise in first quarter sales, allaying concerns about a slowdown in the United States. L’Oreal shares were up 5.0% at 0745 GMT, the biggest gain since January 2023. The stock had lost 6% this year up …

L’Oreal shares shine after sales beat expectations Read More »

By Gaelle Sheehan and Shivani Tanna (Reuters) -French food caterer Sodexo sees 2024 organic revenue growth at the top of its 6% to 8% range, boosted by the Paris Olympics and higher pricing, it said on Friday. Its shares rose 2.5% to 79.25 euros by 0827 GMT, after it also beat profit expectations for the …

Caterer Sodexo lifts sales forecast on Olympics boost, pricing Read More »

By Ozan Ergenay and Johann M Cherian (Reuters) -European stocks dropped to their lowest levels in more than one month on Friday after a ramp-up in the Middle East conflict spooked investors, while L’Oreal’s shares rose as the French cosmetic giant’s quarterly sales trounced estimates. The continent-wide STOXX 600 was down 0.7%, as of 0837 …

STOXX 600 hits one-month low on geopolitical woes; L’Oreal shines Read More »

By Holger Hansen BERLIN (Reuters) -The German government will raise its economic growth forecast for this year to 0.3%, from a previous forecast of 0.2%, a source told Reuters on Friday. In 2025, the government expects gross domestic product to grow by 1.0%, according to the source. Inflation is expected to fall faster than previously …

Exclusive-German government slightly raises 2024 GDP forecast to 0.3%, source says Read More »

PARIS (Reuters) – Schneider Electric is in talks with U.S. engineering software producer Bentley Systems over a potential “strategic transaction”, it said on Friday without elaborating, sending the French company’s shares down 2%. Reuters reported on Thursday that Bentley Systems, which has a market value of nearly $16 billion, was exploring options including a sale …

Schneider Electric confirms Bentley Systems talks Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Lufthansa executives and lawyers will attend a day-long hearing in Brussels on Friday to try to convince EU antitrust regulators to clear the company’s bid for a minority stake in Italian rival ITA Airways. Lufthansa last week submitted remedies to address the EU competition watchdog’s concerns about its …

Lufthansa seeks to persuade EU regulators over ITA stake buy Read More »

(Reuters) – European Central Bank Governing Council member Boris Vujcic on Thursday said foreign exchange markets have so far been very calm about the risk of a policy divergence between the U.S. Federal Reserve and ECB. Vujcic’s remarks in an interview with Reuters are the latest from officials gathered at the International Monetary Fund and …

ECB’s Vujcic: FX market so far very calm about risk of Fed-ECB divergence Read More »