Reuters UK Business

(Reuters) – European equities kick-started the week on a subdued note, after scaling two-year highs in the previous session, as heavy losses in travel stocks partially outweighed strong performances in the energy sector. The pan-European STOXX 600 index was flat at 483.66 points on Monday, as of 0823 GMT. The benchmark index hit its highest …

European shares tepid as travel stocks counter gains in energy Read More »

(Reuters) – Goldman Sachs lowered its 2024 earnings growth forecast for European STOXX 600 companies to 3% from 7%, citing headwinds from lower oil prices and inflation. Oil prices gained last year amid geopolitical tensions. However, the Wall-Street brokerage anticipates a fall in crude prices this year. Goldman Sachs expects Brent crude prices to average …

Goldman Sachs cuts Europe Inc’s 2024 profit growth forecast to 3% Read More »

By Conor Humphries DUBLIN (Reuters) -Ryanair on Monday trimmed its profit forecast for the year to the end of March after some online travel agents suddenly stopped selling its flights in December, forcing it to cut fares to fill seats as costs per passenger inched up. Ryanair had for years accused the web sites of …

Ryanair trims annual profit forecast after travel agents halt sales Read More »

ZURICH (Reuters) – Holcim shares were indicated to open significantly higher in premarket activity on the Swiss stock exchange on Monday after the building materials giant unveiled plans to separate and list its North American business. The company’s shares were indicated 7.09% higher according to premarket information from Julius Baer. Holcim on Sunday said it …

Holcim shares indicated 7.1% higher after North American listing plan Read More »

(Reuters) – Shares in Bayer opened 4.5% lower on Monday after the German company was ordered to pay $2.25 billion in damages, the highest amount yet in its ongoing litigation linked to an alleged carcinogenic effect of its Roundup weedkiller. A jury in a Philadelphia court on Friday ordered Bayer to pay $2.25 billion to …

Bayer shares drop 4.5% after jury verdict over $2.25 billion in damages Read More »

LONDON (Reuters) – Kazakhstan’s Air Astana on Monday set the price range for joint stock exchange listings in the UK and its home market, preparing the ground for a float that would boost London’s sluggish IPO market and raise about $120 million for the carrier. The move, first announced earlier in January, will enable Kazakhstan’s …

Kazakhstan’s Air Astana sets London and domestic IPO price range Read More »

By Benjamin Mallet and Sudip Kar-Gupta PARIS (Reuters) -France stepped up security measures on Sunday as farmers prepared to converge on Paris as part of nationwide protests from agricultural workers demanding better pay and living conditions. Farmers in France, the European Union’s biggest agricultural producer, have complained of unfair competition from rivals in more lightly …

France steps up security as Paris farmers’ protest looms Read More »