By Shubham Batra (Reuters) -European shares climbed on Friday, on track to end a data-packed week on a positive note, as stellar earnings updates and hopes of imminent rate cuts by the European Central Bank lifted investors’ appetite for risky assets. The pan-European STOXX 600 index rose 0.5% to hit a two-year high, led by …
European shares set to log weekly gains on earnings boost Read More »
By Suban Abdulla LONDON (Reuters) -British retail sales jumped by the most in almost three years in January as consumers recovered their appetite for spending, suggesting the economy could emerge quickly from its recession in the second half of last year. Sales volumes increased by 3.4% from December, much stronger than the median forecast of …
UK shoppers pick up their spending, signalling quick end to recession Read More »
By Iain Withers and Lawrence White LONDON (Reuters) -NatWest confirmed Paul Thwaite as its permanent chief executive on Friday and reported forecast-beating profit for 2023, as the British bank gears up for a crunch sale of state-owned stock after a scandal-hit year. The bank also revised down its guidance for future returns in a sign …
NatWest profit climbs 20%, Thwaite confirmed as CEO Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Europe’s privacy enforcers should oppose Meta Platforms’ paid no-ads subscription service launched in Europe last November because it requires users to pay a fee to ensure their privacy, a model likely to be copied by other companies, a group of 28 organisations said on Friday. The joint letter …
EU privacy watchdogs urged to oppose Meta’s paid ad-free service Read More »
By Sara Rossi MILAN (Reuters) – Elisabetta Trevisan, a 50-year-old teacher from Venice, plans to use interest payments from an Italian bond for small savers to help put her two sons through university. The three bonds she bought for 40,000 euros ($43,100) carry an annual coupon of up to 4.5%, a healthy mark-up on …
Analysis-Italy’s small investor push to slacken when ECB rate cuts start Read More »
PARIS (Reuters) -French state-owned power giant EDF said on Friday it returned to profit and cut its debt by about 10 billion euros ($10.76 billion) in 2023, buoyed by historically high electricity prices and the return of some of its nuclear fleet. The results mark a dramatic turnaround for the debt-laden company, which was nationalised …
France’s EDF returns to profit in 2023, books charge for UK ops Read More »
By Gwladys Fouche and Stine Jacobsen OSLO (Reuters) -Norwegian Air reported fourth-quarter operating earnings above forecasts on Friday, lifting its full-year result to an all-time high, and said it expected its profit to hit a fresh record this year. The results mark a turnaround for the budget carrier, which only a few years ago could …
Norwegian Air Q4 beats forecast, eyes record 2024 profit Read More »
By Francesca Landini MILAN (Reuters) -Italian energy group Eni on Friday reported fourth-quarter adjusted net profit of 1.64 billion euros ($1.8 billion), beating analysts’ expectations, helped in part by a positive arbitration outcome. Eni’s full-year net profit totalled 8.3 billion euros, down 38% from a year when energy prices soared. Eni’s fourth-quarter adjusted operating profit …
Eni beats Q4 profit forecasts helped by favourable arbitration Read More »
By Tom Sims FRANKFURT (Reuters) -Short sellers have taken bets against more than 8% of shares in Deutsche Pfandbriefbank (PBB), filings showed on Friday, as the German lender comes under increasing pressure on concerns over its exposure to U.S. commercial property and as it navigates a real estate crisis at home. PBB is one of …
Short sellers raise bets against German bank PBB as property concerns weigh Read More »
By Amanda Cooper LONDON (Reuters) -The pound briefly flickered higher on Friday after data showed UK retail sales grew at their fastest pace in nearly three years in January, beating expectations, but did little to shift expectations around Bank of England (BoE) monetary policy. Retail sales rose at a monthly rate of 3.4% in January, …
