By Valentina Za MILAN (Reuters) -Italian bad loan manager doValue said its net loss in the first nine months was of 25.7 million euros ($28 million), or almost five times what it had previously reported, due to impairments it booked on its Spanish operations. DoValue said late on Friday it had approved a business plan …
Italy’s doValue hikes nine-month loss after Spanish non-cash hits Read More »
(Reuters) – British homebuilder Crest Nicholson on Monday cut its annual profit forecast for the third time in six months, citing higher costs related to certain legacy sites and an exceptional charge of 13 million pounds on a legal claim. The company now expects full-year adjusted profit before tax of 41 million pounds ($52.30 million), …
UK’s Crest Nicholson cuts profit view again as costs mount Read More »
(Reuters) – Global recruiter PageGroup trimmed its annual profit forecast on Monday, citing persistently longer hiring time and weak demand for permanent hiring amid low candidate and client confidence. “Activity levels are not all converting into gross profit due to ongoing lower levels of candidate and client confidence,” CEO Nicholas Kirk said in a statement. …
PageGroup cuts annual profit forecast on weak permanent hiring demand Read More »
By Victoria Waldersee and Christina Amann BERLIN (Reuters) – BMW has passed the tipping point for combustion engine vehicle sales and now generates most sales growth from electric cars, its chief financial officer said in a media roundtable. “The tipping point for the combustion engine is already there,” CFO Walter Mertl said, adding that in …
BMW CFO: sales growth is mostly electric as combustion engine ‘tipping point’ passes Read More »
PARIS (Reuters) -French artificial heart maker Carmat said on Monday that it would soon launch a capital increase, estimated to raise at least 50 million euros ($54.8 million), to ensure it had enough financing for the next 12 months. Carmat, which survived a cash crunch in mid-October, said it had generated annual revenue of 2.8 …
Artificial heart maker Carmat to launch capital increase soon Read More »
ZURICH (Reuters) – SoftwareOne will remain a standalone public company, the Swiss software and cloud solutions provider said on Monday, as it announced the conclusion of a strategic review launched in July 2023. The company’s board unanimously rejected a proposal from Bain Capital, as the non-binding value indication neither provided sufficient certainty or reflected the …
By Lori Ewing MANCHESTER, England (Reuters) – British billionaire Jim Ratcliffe, who attended his first Manchester United game on Sunday since striking a deal to take a minority stake of the club, called his investment the most “exciting” endeavour of his life. “I have done a few exciting things but this caps it all, there’s …
Soccer-Ratcliffe calls decision to invest in Man United the most “exciting” of his life Read More »
PARIS (Reuters) – France and steelmaker ArcelorMittal have agreed on a 1.8 billion-euro ($1.97 billion) investment to cut greenhouse emissions at a steel plant in Dunkirk, northern France, finance ministry officials said on Sunday. The French government’s subsidy package, which could be up to 850 million euros, had already been cleared by the European Commission …
France, ArcelorMittal agree on $2 billion investment to cut French plant emissions Read More »
BUCHAREST (Reuters) – Romanian farmers and truck drivers continued sporadic protests across the country on Sunday as negotiations with the coalition government over high insurance rates and slow subsidy payments resumed. Convoys of tractors and trucks began gathering five days ago on national roads, mainly near large Romanian cities, slowing or blocking traffic. Farmers and …
Romanian farmers, truck drivers protest about subsidies and taxes Read More »
FRANKFURT (Reuters) – The European Central Bank (ECB) will have key data by June to decide on the first of a likely series of interest rate cuts but going too fast may prove self-defeating, ECB chief economist Philip Lane said in an interview published on Saturday. With inflation in the euro zone now seemingly under …
ECB’s Lane sees June meeting as key for rate cut moves – Corriere della Sera Read More »
