By Emma Rumney LONDON (Reuters) -Shares in Diageo, the world’s top spirits maker, slipped over 3% on Tuesday as it warned of further troubles in Latin America, adding to investor concerns a build up of unsold stock in the region would be hard to clear. The maker of Johnnie Walker whisky and Tanquery gin also …
Spirits giant Diageo fails to cheer investors in first half Read More »
(Reuters) – SSP Group, which operates food outlets such as Upper Crust at airports and train stations globally, on Tuesday posted an over 14% sales growth in its first quarter, buoyed by a rebound in leisure travel, and also forecast travel demand to remain resilient. Air travel rebounded last year, particularly in North America and …
Airport food outlet operator SSP forecasts resilient travel demand after strong Q1 Read More »
BERLIN (Reuters) – Volkswagen said it was sticking to its financing timeline for battery unit PowerCo of preparing for a strategic investor this year, after Bloomberg reported that it was pushing back its plans, citing people familiar with the matter. “The interest we see from investors remains high. An IPO is a tangible option in …
Volkswagen says preparation for PowerCo investor in 2024 unchanged Read More »
(Reuters) -Shares of Speedy Hire Plc slumped more than 20% in early trading on Tuesday after the British tool and equipment rental firm cut its profit expectations, citing weakness in the construction sector and a milder winter. The stock of the Newton-le-Willows, UK-headquartered company dropped as much as 20.3% to 28.70 pence, marking its lowest …
UK’s Speedy Hire slumps over 20% on profit warning Read More »
PARIS (Reuters) -Renault’s shares rose as much as 4.5% at Tuesday’s open after the French automaker ditched plans to list its electric vehicle business Ampere, citing sluggish stock market conditions. Renault said on Tuesday it had enough cash to do without the stockmarket listing and would continue to fund the development of Ampere until it …
Renault shares rise after carmaker calls off Ampere IPO Read More »
(Reuters) – European shares opened slightly higher on Tuesday, hitting fresh two-year highs, buoyed by overnight gains on Wall Street, as investors evaluated their expectations for interest rate cuts in a busy week for markets. The pan-European STOXX 600 index was up 0.2%, as of 0825 GMT, rising for the fifth straight session. Wall Street …
European shares inch up to fresh two-year highs tracking Wall St gains Read More »
MILAN (Reuters) -Italy’s top insurer Assicurazioni Generali will launch a 500 million euro ($540 million) share buyback plan this year, it said on Tuesday, confirming its focus on returns to investors. The group is on track to meet all the key financial targets of its strategic three-year plan ending in 2024, it said in a …
Generali plans 500 million euro share buyback this year, confirms 2024 targets Read More »
OSLO (Reuters) -Norway’s $1.6 trillion sovereign wealth fund, the world’s largest, reported a record profit of 2.22 trillion Norwegian crowns ($213 billion) in 2023, driven by strong returns on its investments in technology stocks. The result compared with a record loss in 2022 of 1.64 trillion crowns, Norges Bank Investment Management (NBIM) said on Tuesday. …
Norway wealth fund posts record $213 billion profit, driven by tech stocks Read More »
By David Shepardson, Valerie Insinna and Tim Hepher WASHINGTON/DUBLIN (Reuters) -Boeing’s said on Monday it was withdrawing a request for a key safety exemption that could have allowed U.S. regulators to speed up certification of its coming 737 MAX 7, in the latest fallout from the planemaker’s ongoing crisis. Lawmakers had been pressuring the planemaker …
Boeing to withdraw MAX 7 exemption request as safety scrutiny intensifies Read More »
By Kate Abnett BRUSSELS (Reuters) – The European Union will need 1.5 trillion euros ($1.6 trillion)per year of investments to meet its 2050 net zero emissions target, research backed by Green EU lawmakers said on Monday. The European Commission is set to recommend next week that the EU cuts net emissions 90% by 2040, from …
EU needs trillions of investment for 2050 climate target – research Read More »
