By Tim Hepher PARIS (Reuters) -Europe’s Airbus unveiled a special dividend on Thursday after posting higher 2023 results, buoyed by resurgent demand for jetliners and despite a fresh charge of 200 million euros ($215 million) at its troubled Space business. The world’s largest commercial planemaker said core adjusted operating profit rose 4% to 5.8 billion …
Airbus plans special dividend, takes new space charge Read More »
FRANKFURT (Reuters) – Euro zone economic data indicates that inflation is heading back towards target as earlier predicted but the European Central Bank still needs more information before it can be sure, ECB President Christine Lagarde said on Thursday. The ECB has kept interest rates unchanged at a record high since September and has been …
ECB needs more data but inflation going in right direction: Lagarde Read More »
BERLIN (Reuters) – Germany’s DIHK chambers of industry and commerce expect Europe’s largest economy to shrink by 0.5% this year as high energy prices, heavy bureaucracy, a skilled workers shortage and weak domestic demand weigh on economic output. A DIHK poll of more than 27,000 companies showed that of those surveyed, 35% expect business to …
By Amanda Cooper LONDON (Reuters) – Shares in Renault hit two-month highs on Thursday after the French carmaker posted full-year 2023 net profit slightly below forecasts but reported margin and revenue gains and a huge dividend increase. Late on Wednesday the company said it would propose a dividend of 1.85 euros ($1.98) for 2023, up …
Renault shares rally as investors cheer dividend jump Read More »
By Noel Randewich (Reuters) -Nvidia eclipsed Google-parent Alphabet as the third most valuable U.S. company on Wednesday, just after overtaking Amazon and as investors looked to the dominant AI chipmaker’s upcoming quarterly report. The Santa Clara, California company’s stock rose 2.46%, putting its value at $1.825 trillion, while Alphabet’s stock climbed 0.55%, leaving it with …
Nvidia replaces Alphabet as Wall St’s third most valuable company Read More »
LONDON (Reuters) – Motorola Solutions said on Wednesday it had bought British long-range thermal camera specialist Silent Sentinel to bolster its video security capabilities in locations like airports and oil and gas facilities. The U.S. company’s chief technology officer, Mahesh Saptharishi, said Silent Sentinel had an “incredible strength” in thermographic imagining, with its cameras able …
Motorola Solutions buys UK thermal camera company Silent Sentinel Read More »
ROME (Reuters) -Italy’s AGCM competition watchdog has fined British American Tobacco (BAT) and Amazon a combined 7 million euros ($7.5 million) over misleading advertising for heated tobacco products. BAT was fined 6 million euros and Amazon 1 million euros for failing to provide sufficient information to consumers about the nicotine content and corresponding health risks …
Italian watchdog fines BAT and Amazon over misleading advertising Read More »
FRANKFURT (Reuters) – The credit rating agency S&P on Wednesday downgraded the rating of Deutsche Pfandbriefbank (PBB) on concerns about its exposure to the commercial real-estate sector and gave it a negative outlook. The bank, which is one of Germany’s largest real estate financers, last week sought to reassure investors that it has enough funds …
S&P cuts rating of German bank PBB on real estate concerns Read More »
LONDON (Reuters) – British billionaire Jim Ratcliffe’s acquisition of a 25% stake in Manchester United was given the green light by the Football Association on Wednesday, making the deal a near-certainty. The FA confirmed its approval in a statement a day after the Premier League also ratified the deal after the 71-year-old Ratcliffe passed their …
Soccer-Ratcliffe’s Man Utd stake rubber-stamped by FA Read More »
BERLIN (Reuters) – The German government will cut its economic growth forecast for next year to 1% in a report due to be published next week, a government source told Reuters on Wednesday. In October, the government expected the economy to grow by 1.5% in 2025. According to the government forecast, inflation in Europe’s biggest …
Germany to cut 2025 economic growth forecast to 1%, source says Read More »
