By Mimosa Spencer PARIS (Reuters) -LVMH shares jumped as much as 9% in early Friday trade, boosting peers including Kering and Hermes, as the French luxury giant’s latest sales figures reassured investors about the sector’s ability to cope with economic headwinds. LVMH posted a 10% rise in fourth-quarter sales on Thursday, driven by resilient demand …
LVMH shares jump as reassuring Q4 lifts luxury peers Read More »
(Reuters) – Spain’s unemployment rate unexpectedly dipped in the fourth quarter to end the year at its lowest since 2007, according to official figures that bode well ahead of next week’s economic growth data release. Unemployment rate fell to 11.76% in the fourth quarter, down from 11.84% in the third quarter and 12.87% a year …
Spain’s unemployment rate at lowest since 2007 in Q4 Read More »
(Reuters) – Euro zone inflation could fall faster than expected this year as economic growth will remain anaemic, two key surveys published by the European Central Bank showed on Friday, likely bolstering bets for interest rate cuts starting this spring. Inflation in 2024 could average 2.4%, less than the 2.7% seen three months ago and …
By Marie Mannes STOCKHOLM (Reuters) -Swedish truck maker AB Volvo on Friday reported a bigger-than-expected rise in fourth-quarter profit but a weak order intake as it adjusted lower production levels amid softening demand. The sector and investors alike brace for a tougher 2024 for the trucking market with analysts flagging a downturn in demand in …
Truck maker Volvo braces for 2024 by adjusting production amid weak order intake Read More »
By Tristan Veyet and Chiara Holzhaeuser (Reuters) -Lonza said on Friday Chairman Albert Baehny will step down in May after six years in the job, in a second senior management reshuffle in recent months as the Swiss contract drug manufacturer grapples with the loss of COVID-related business. The company also reported better-than-expected sales and margins …
Lonza chairman to step down, drugmaker confirms targets, shares soar Read More »
(Reuters) -Shares in Remy Cointreau jumped 13% on Friday after the French spirits maker beat third-quarter sales expectations, citing a relative improvement in the United States where it has struggled with high levels of unsold stock. However, the group also said its annual sales decline would likely be at the lower end of its guidance …
Cognac maker Remy’s shares jump amid signs of US improvement Read More »
(Reuters) -Wickes Group on Friday said it expected annual profit to be at the upper end of market expectations, as the home improvement retailer kept a tight lid on costs and saw strong demand in categories such as flooring and decorating. Analysts expect adjusted pretax profit in the range of 44.9 million-48.3 million pounds ($57-$61.3 …
UK home retailer Wickes expects strong profit on cost checks, steady demand Read More »
STOCKHOLM (Reuters) -Sweden’s Telia on Friday warned growth this year could slow after posting a 7.4% rise in fourth-quarter core earnings that showed a fall in advertising revenue, knocking its shares. The telecom operator had said earlier this week that the results would be hit by non-cash impairment charges totalling $393 million due mainly to …
Telia Q4 reports ad revenue fall, expects slower growth Read More »
(Reuters) – European equities opened higher on Friday, boosted by upbeat quarterly updates from luxury group LVMH and spirits maker Remy Cointreau, while investors gauged interest rate cut prospects, a day after the European Central Bank left rates unchanged. By 0819 GMT, the pan-European STOXX 600 index was up 0.4%. LVMH jumped 8.2% after the …
European shares rise on strong results from LVMH, Remy Cointreau Read More »
By David Ljunggren OTTAWA (Reuters) – Britain has suspended talks on a free trade deal with Canada amid unhappiness on both sides about the lack of access to agricultural markets, Canadian officials said on Thursday. The talks – which started in March 2022 – are among a number of negotiations Britain has launched around the …
Britain pauses talks on Canada free trade deal over agriculture Read More »
