FRANKFURT (Reuters) – BSH Hausgeraete, the home appliance division of automotive supplier Bosch, will cut around 3,500 jobs, or about 6% of its workforce, by 2027, its CEO Matthias Metz told Sueddeutsche Zeitung. Metz said the cuts would occur in administration and internal services, as opposed to its production sites, he was quoted as saying. …
Bosch to cut around 6% of jobs at home appliance division Read More »
By Khushi Singh and Shubham Batra (Reuters) -European shares closed at a record peak for a second day on Friday after gains in Standard Chartered following a strong earnings report, while comments from European Central Bank President Christine Lagarde kept investors’ mood in check. The pan-European STOXX 600 was up 0.4% to record its fifth …
European shares end week at record highs on earnings boost Read More »
By Shristi Achar A (Reuters) -Britain’s FTSE 100 closed higher Friday, with Standard Chartered in the lead after it announced bumper investor payouts, though weekly performance in the blue-chip index was lacklustre following mixed corporate earnings. Shares of Standard Chartered PLC jumped 4.9% after the Asia-focused bank rewarded shareholders with dividends and a fresh $1 …
StanChart lifts FTSE 100 but fails to avert weekly losses Read More »
(Reuters) – Global aviation lessor Macquarie AirFinance on Friday said that it has agreed to acquire an additional portfolio of 23 aircraft from Kuwait-based ALAFCO Aviation Lease and Finance for $1.1 billion. (Reporting by Rishav Chatterjee in Bengaluru; Editing by Varun H K)
MILAN (Reuters) – Shares in Italian debt recovery company doValue fell early on Friday after it reported a 19 million euro ($20.57 million) net loss for 2023, hit by a 10% drop in collections. Healthier bank balance sheets meant levels of impaired loans remained low, limiting the need for disposals which have traditionally fed the …
Debt recovery group doValue reports 2023 loss as collections fall Read More »
BERLIN (Reuters) – German business morale brightened in February, in line with analysts’ expectations, a survey showed on Friday. The Ifo institute said its business climate index stood at 85.5, as forecast by analysts in a Reuters poll. The overall rise was due to slightly less pessimistic expectations, with the corresponding index rising to 84.1 …
German business sentiment brightens in February, finds Ifo Read More »
FRANKFURT (Reuters) – Inflation expectations among euro zone consumers rose for the year ahead and held steady for three years out, a new survey by the European Central Bank showed on Friday, adding to evidence that the final stage of taming price growth may be difficult. Inflation came down rapidly last year and now stands …
Euro zone inflation expectations edge up for the year ahead: ECB Read More »
ZURICH (Reuters) -ABB appointed Morten Wierod as chief executive on Friday, replacing Bjorn Rosengren who led an overhaul of the Swiss engineering company and will retire at the end of the year. Wierod, head of ABB’s electrification business, will replace Rosengren, effective Aug. 1, the Zurich-based company said. ABB shares were down 1.4% in early …
BERLIN (Reuters) – Shares in Germany’s Lufthansa were trading 3.6% lower at 0833 GMT on Friday, as shareholders reacted to the airline’s announcement that it would shed two thirds of its board by the middle of the year. The board will shrink from six members to five and Chief Financial Officer Remco Steenbergen is among …
Lufthansa shares fall 3.6% after news on board reshuffle Read More »
ZURICH (Reuters) – Switzerland is still in love with bank notes and coins, a survey by the central bank showed on Friday, despite the growth of mobile payment apps and predictions of a cashless society. Cash remains the most widely accepted payment method for customer-facing businesses, such as shops and restaurants, ahead of payment via …
Swiss still love physical cash despite rise of payment apps Read More »
