By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk said on Thursday Red Sea trade disruptions would not be a major boost for the company and an oversupply of vessels would hit its earnings this year, sending its shares sharply lower. The warning, which also led the Danish group to suspend its share buyback programme, is in stark …
Maersk warns oversupply to hit profits amid Red Sea uncertainty Read More »
By Helen Reid LONDON (Reuters) -Westfield mall owner Unibail-Rodamco-Westfield sees the Paris Olympics and Paralympics boosting its earnings for 2024, it said on Thursday, with several of its Viparis convention centres hosting events over the Games. Viparis, owned equally by URW and by the Paris Ile-de-France Regional Chamber of Commerce and Industry, operates venues including …
Westfield mall owner sees earnings boost from Paris Olympics venues Read More »
MADRID (Reuters) – Spain’s high court suspended 194 million euros ($209 million) in fines imposed on Amazon and Apple by the local antitrust watchdog in July, pending an appeal by the tech giants, an Amazon spokesperson said on Thursday. CNMC, as the watchdog is known, fined Amazon and Apple for colluding to prevent dealers other …
Spain’s high court suspends $209 million fines on Apple, Amazon amid appeal Read More »
BERLIN (Reuters) -Germany’s Economy Ministry informed Rosneft earlier this week that it was considering expropriating shares in the company’s German assets, the Russian oil giant’s law firm in Germany said on Thursday, adding that it would take all measures to protect shareholders’ rights. The ministry told Rosneft on Tuesday that if Russia regained control over …
Rosneft confirms Berlin considering German business expropriation Read More »
By Eva Mathews (Reuters) -AstraZeneca expects to boost revenue and profit this year on the back of resilient demand for its cancer and rare disease drugs, the company said on Thursday after reporting slightly lower than expected fourth-quarter profit. In almost a decade since AstraZeneca fended off a takeover by U.S. rival Pfizer, CEO Pascal …
AstraZeneca targets 2024 growth as portfolio booms Read More »
By John Revill ZURICH (Reuters) -Siemens reported first-quarter profit slightly ahead of expectations on Thursday despite the German engineering group seeing a slowdown at its flagship factory automation unit. Digital Industries, which supplies companies with software and controllers to operate their production lines, saw new orders fall by a third and profit by a fifth …
Siemens profit tops forecast despite automation sector slowdown Read More »
(Reuters) – European shares opened flat on Thursday, as losses in shipping giant Maersk and drugmaker Astrazeneca following dour results partially countered strong performances by consumer staples including Unilever. The pan-European STOXX 600 index held its ground at 485.55 points, as of 0827 GMT. The personal and household goods index led advances among sectors, lifted …
European shares listless as traders digest mixed bag of earnings Read More »
MILAN (Reuters) – Italian fashion group Ermenegildo Zegna said on Thursday it would open a new luxury footwear and leather goods factory in northern Italy to meet the growing needs of its brands. The 12,500 sq m facility will be located near Parma and is expected to be completed by December 2026. It should employ …
Luxury group Zegna to open new shoe and leather goods factory in Italy Read More »
PARIS (Reuters) – Europe’s Airbus confirmed on Wednesday it had delivered 30 jets in January, up 50% from the same month last year, and reported 31 new orders. Airbus formally booked a recent order from Delta Air Lines for 20 A350-1000 jets and firmed up a provisional Dubai Airshow order for 11 A350-900 aircraft. Reuters …
Airbus confirms 30 January deliveries, posts 31 orders Read More »
(Reuters) -S&P downgraded Danish wind power giant Orsted to BBB on Wednesday, citing higher leverage on its balance sheet and major U.S. impairments in 2023 due to supply chain delays and higher costs. S&P said Orsted’s business risk profile has weakened from last year, but was still satisfactory. It expects the world’s biggest offshore wind …
S&P downgrades Danish wind power firm Orsted on U.S. offshore risks Read More »
