Reuters UK Business

By Huw Jones LONDON (Reuters) -London Stock Exchange Group reported preliminary full year income for 2023 at the higher end of guidance, and confirmed plans to buy 1 billion pounds ($1.27 billion) in shares this year directly from Blackstone and Thomson Reuters. “We continued our track record of broad-based growth, despite an uncertain environment, and …

LSEG confirms $1.27 billion buyback after in-line 2023 earnings Read More »

(Reuters) -German sports apparel company Puma plans to return up to 50% of its net income to shareholders, it said on Thursday The company will now return between 25-40% of the Group’s net income in dividends, up from 25-35%, the statement said. The first tranche of a share buyback programme will begin in March 2024 …

Puma launches 100 million euro share buyback programme Read More »

BERLIN (Reuters) – The number of people out of work in Germany increased more than expected in February as a slowdown in Europe’s largest economy took its toll on the labour market, Federal Labour Office figures showed on Thursday. The office said the number of unemployed grew by 11,000 in seasonally adjusted terms to 2.713 …

Slowdown hits labour market as German unemployment rises Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms was hit with privacy complaints on Thursday as eight EU consumer groups asked watchdogs to act against the Facebook owner for alleged breaches of the bloc’s privacy rules when it collects user data. The complaints by consumer groups in the Czech Republic, Denmark, France, Greece, Norway, Slovakia, …

Meta targeted in privacy complaints by EU consumer groups Read More »

By Andrey Sychev and Ozan Ergenay (Reuters) -German chemicals maker Covestro said on Thursday it had decided not to pay annual dividends for a second successive year after 2023 core earnings fell by a third in a challenging year marked by high energy prices and a weak global economy. “The year 2023 was one of …

Covestro again scraps dividend as persistently higher prices weigh on demand Read More »

By Joanna Plucinska and Diana Mandia LONDON/GDANSK (Reuters) -Air France-KLM swung to an unexpected loss in the last quarter of 2023, hit by higher costs and disruptions caused by conflict in the Middle East, sending its shares down 10% in early Thursday trade. European airlines have reported strong demand for the coming year, but supply …

Air France-KLM sinks to Q4 loss on MidEast conflict, higher costs Read More »

(Reuters) – European shares opened slightly higher on Thursday, led by gains in materials stocks, while investors brace for key U.S. inflation data to gauge the outlook on global interest rate cuts. The pan-European STOXX 600 was up 0.2% by 0820 GMT, while the benchmark Germany’s benchmark DAX index notched another record high, rising 0.2%. …

European shares rise ahead of US inflation data Read More »