MILAN (Reuters) – Italy’s Mediobanca beat forecasts with its first-half net profit thanks to a rise in net interest income benefiting from high rates, and its wealth management business, the financial group said on Friday. First-half net profit came in at 611 million euros ($657.99 million), 10% higher from a year ago, beating an analyst …
Mediobanca beats estimates with first-half net profit Read More »
(Reuters) – European shares inched higher at open on Friday on strong performances in healthcare stocks and video games group Ubisoft after quarterly results, though gains were limited by higher government bond yields as traders pulled back their interest rate cut bets. The pan-European STOXX 600 index was up 0.1%, as of 0822 GMT. Ubisoft …
European shares inch up on earnings bump, higher yields weigh Read More »
By Mimosa Spencer PARIS (Reuters) -Shares in L’Oreal fell 7.5% in early trading on Friday after the French cosmetics company reported fourth quarter sales growth that fell short of market expectations, reflecting a disappointing performance in Asia. L’Oreal reported a 6.9% rise in fourth quarter sales after the market closed on Thursday, slower growth than …
L’Oreal shares fall after Asian sales disappoint Read More »
By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes said on Friday that it will raise prices again this year after sales jumped 17.5% in the fourth quarter of 2023, continuing its track record of outpacing rivals when economic conditions deteriorate. Shares in the company opened 4.2% higher after sales for the three months to …
Hermes set to raise prices again as booming sales outpace rivals Read More »
By Marie Mannes STOCKHOLM (Reuters) -Swedish defence equipment maker Saab notched up an 8% increase in fourth-quarter operating profit and lifted growth targets as it continues to benefit from increased military spending by many nations since Russia’s invasion of Ukraine. Profit climbed to 1.42 billion Swedish crowns ($135.6 million). The company cited strong performances from …
Saab logs 8% profit increase, lifts targets as nations boost military spending Read More »
By Abigail Summerville (Reuters) – Flynn Group, the world’s largest franchisee operator of restaurants and fitness clubs, is exploring a majority stake sale that could value it at more than $5 billion, including debt, according to people familiar with the matter. Flynn Group, which operates Applebees, Taco Bell, Panera Bread, Arby’s, Pizza Hut, Wendy’s and …
By Huw Jones LONDON (Reuters) -British finance minister Jeremy Hunt said on Thursday he wants the London Stock Exchange to become the Nasdaq of Europe, attracting tech companies to help create “the next Silicon Valley”. Britain is reforming its financial sector in a bid to remain globally competitive as UK tech companies like chip designer …
Britain’s Hunt wants London Stock Exchange to become Europe’s Nasdaq Read More »
(Reuters) -Take-Two Interactive Software forecast fourth-quarter bookings below market expectations on Thursday, on signs of weak demand for the company’s gaming titles such as “Grand Theft Auto”. The company forecast bookings in the range of $1.27 billion to $1.32 billion, compared with analysts’ expectations of $1.51 billion, according to LSEG data. The downbeat forecast shows …
Take-Two forecasts quarterly net bookings below estimates on weak demand Read More »
By Foo Yun Chee BRUSSELS (Reuters) – EU lawmakers and governments struck a watered-down deal on Thursday on the rights of workers at Uber, Deliveroo and other online companies. The two sides had reached a provisional agreement in December but subsequent opposition from France, Ireland, Greece, Lithuania and other countries torpedoed the deal, forcing legislators …
EU lawmakers, countries reach deal on gig workers’ rights at second attempt Read More »
ROME (Reuters) – Telecom Italia (TIM) Chief Executive Pietro Labriola met with top representatives of the group’s main investor Vivendi in Paris on Thursday, two sources briefed on the matter said. The French media company and Labriola have been at odds over TIM’s decision to sell its prized landline grid to U.S. fund KKR. The …
Telecom Italia CEO held talks with Vivendi in Paris on Thursday – sources Read More »
