By Joanna Plucinska DUBLIN (Reuters) -Ryanair will receive even fewer Boeing aircraft by the end of June than previously expected, CEO Michael O’Leary said on Friday, potentially causing the budget carrier to cut its summer schedule at the busiest time of the year. The Dublin-based airline is the first in Europe to warn of disruption …
Ryanair may have to cut summer flights due to further Boeing delays Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s largest listed bank, Millennium bcp, said on Monday its profit soared more than four times to a record 856 million euros ($929 million) in 2023, boosted by high European interest rates, allowing it to resume dividend payouts. It said in a statement that, after a year in which …
Millennium bcp’s 2023 profit hits record, dividends to resume Read More »
(Reuters) – Sentiment among German exporters improved in February, although only a few sectors expected exports to increase, according to a survey by the Ifo economic institute released on Monday. The institute’s export expectations indicator rose to minus 7.0 points in February, from minus 8.5 points in January. “The German export industry is currently hardly …
German export sentiment brightens in February – Ifo Read More »
MILAN (Reuters) – Leading governance adviser Glass Lewis has voiced concerns over an Italian bill that aims to overhaul the country’s capital markets and includes measures that boost the influence of listed companies’ top investors. Comments by Glass Lewis echo those made by representatives of large foreign investment funds as well as of Italy’s financial …
Glass Lewis raises concerns over Italy’s capital markets bill Read More »
LONDON (Reuters) – European banks are set to hand investors a record 120 billion euros ($130 billion) in dividends and share buybacks this year, analysts say, returning more of the profits reaped from a period of higher interest rates. Bank of Ireland on Monday became the latest lender to announce a hike in payouts, joining …
European banks set to return record sums to shareholders Read More »
By Matthias Inverardi, Pablo Mayo Cerqueiro and Emma-Victoria Farr DUSSELDORF/LONDON (Reuters) – German perfume retailer Douglas plans to announce it is proceeding with an initial public offering (IPO) in the coming days, two people familiar with the matter said, in a test for Europe’s equity markets. The group, majority-owned by CVC Capital Partners, is preparing …
Perfume retailer Douglas plans to launch IPO in coming days, sources say Read More »
By Shristi Achar A and Sruthi Shankar (Reuters) -Britain’s stock indexes edged lower on Monday as miners lost ground due to weaker copper and iron ore prices, while declines in homebuilders followed the UK antitrust watchdog’s launch of an investigation into the sector. The resource-heavy FTSE 100 index and the mid-cap FTSE 250 closed the …
By Ankika Biswas and Khushi Singh (Reuters) -Europe’s benchmark stock index dropped on Monday, led by miners, with investors bracing for crucial inflation reports throughout the week for further clues on the timing of interest rate cuts by major central banks, including the European Central Bank. The pan-European STOXX 600 closed 0.4% lower. So far …
Europe’s STOXX 600 falls at start of inflation data-driven week Read More »
By Sachin Ravikumar and Aby Jose Koilparambil LONDON (Reuters) -British housebuilders need to build more, better quality homes and the government needs to streamline a complex planning system to fix a chronic shortage that drives up prices, the competition regulator said on Monday following a year-long study. “Housebuilding in Great Britain needs significant intervention so …
UK builders and government need to fix housing shortage, regulator says Read More »
(Reuters) – German automotive supplier Schaeffler and Vitesco took a further step towards merging the companies on Monday with an agreement to exchange 11.4 Schaeffler shares per Vitesco Technologies share, they said on Monday. The preliminary agreement is subject to approval by the joint valuation expert, the court-appointed merger auditor and the supervisory boards of …
Schaeffler, Vitesco set share exchange ratio for planned merger Read More »
