By Joanna Plucinska LONDON (Reuters) -Wizz Air reported a bigger third-quarter operating loss than expected on Thursday, as the budget carrier grapples with engine inspections that have grounded parts of its fleet and the suspension of flights due to the Middle East conflict. The airline, however, maintained its fiscal 2024 net income expectations after a …
Wizz Air’s Q3 loss swells on MidEast flight disruptions Read More »
(Reuters) -St. James’s Place reported a big slowdown in net inflows in 2023 on Thursday, sending the wealth manager’s shares down over 9% as higher interest rates and uncertainty over the economic outlook dampened investors’ appetite for managed funds. Net inflows for 2023 stood at 5.1 billion pounds ($6.49 billion), compared with 9.78 billion pounds …
St James’s Place shares take a hit as more clients shy away from managed funds Read More »
LONDON (Reuters) – A shift by European Union markets to halving the time it takes to settle stock trades is a matter of when, rather than if, given that the benefits will outweigh the short-term challenges, the bloc’s financial services chief said on Thursday. Wall Street is shifting from settling stock trades over two business …
EU official says bloc will copy Wall Street move to shorten stocks settlement Read More »
By William Schomberg LONDON (Reuters) – The winner of Britain’s next election will face probably the toughest challenge since the 1950s to bring down the country’s high debt burden, a leading economic think tank said on Thursday. Britain’s expected slow economic growth will heap difficult tax and spending choices on whoever is in charge after …
Next UK government faces toughest challenge since 1950s on debt – IFS Read More »
BERLIN (Reuters) -German business morale unexpectedly worsened in January, declining for the second month in a row as Europe’s largest economy struggles to shake off a recession, a survey showed on Thursday. The Ifo institute said its business climate index stood at 85.2 versus the 86.7 reading forecast by analysts in a Reuters poll. The …
German business sentiment worsens in January – Ifo Read More »
STOCKHOLM (Reuters) – Nokia expects a demand recovery in the second half of the year, it said on Thursday after weak sales of 5G equipment were offset by the Finnish telecom gear maker’s tight lid on costs to achieve forecast-beating quarterly operating profit. Telecoms equipment suppliers such as Nokia and rival Ericsson are set for …
Nokia beats profit expectations and forecasts demand recovery Read More »
LONDON (Reuters) – British food and drink prices will continue to rise in 2024, contributing to an extended cost-of-living crisis, a prominent grocery industry researcher said on Thursday. Food and drink inflation will be between 0.3% and 2.3% by the end of the year, the Institute of Grocery Distribution (IGD), whose forecasts on UK food …
UK food prices to keep rising through 2024, industry researcher cautions Read More »
By Agata Rybska (Reuters) -Swedish hygiene products maker Essity reported fourth-quarter core profit below expectations on Thursday, sending its shares down more than 4%, as price hikes slowed and volumes kept declining. Adjusted earnings before interest, taxes and amortisation (EBITA) rose to 4.86 billion Swedish crowns ($465.3 million) in the final quarter of 2023, but …
Hygiene product maker Essity’s profit misses forecast as price hikes ease Read More »
By Amy-Jo Crowley and Emma-Victoria Farr LONDON (Reuters) -KPS Capital Partners recently explored a bid for UK specialty chemicals maker Elementis but has since paused its work, two people familiar with the matter told Reuters. The New York-based private equity firm in December submitted an offer valuing the FTSE 250 company at about 160p per …
Exclusive-US Fund KPS explored takeover offer for UK’s Elementis –sources Read More »
STOCKHOLM (Reuters) -Norway’s traffic safety regulator said on Thursday it had found no basis for ordering a recall of Tesla’s car models S and X following an investigation into a suspension safety issue. The Norwegian regulatory review was prompted by over a dozen customer reports to the agency in 2022 about suspension parts such as …
Norway’s traffic regulator says it won’t recall Tesla cars Read More »
