By Khushi Singh, Shristi Achar A and Shashwat Chauhan (Reuters) -European shares ended lower on Wednesday, with miners and travel stocks leading the fall, as optimism about early interest rate cuts continued to fade, while investors kept tabs on a key U.S. inflation print due later this week. The pan-European STOXX 600 ended 0.2% lower, …
European shares end lower, with miners and travel stocks leading losses Read More »
ROME (Reuters) -Italian spirits group Campari has raised 1.2 billion euros ($1.3 billion) by selling new shares as well as debt that can be converted into equity to fund last month’s buy of French cognac house Courvoisier, it said on Wednesday. Campari said it had taken advantage of favourable market conditions as it joined a …
Campari sells $1.3 billion in shares and debt to fund Courvoisier deal Read More »
BERLIN (Reuters) – Signa founder Rene Benko has paid out two-thirds of a 3 million euro ($3.28 million) guarantee he personally promised at the beginning of insolvency proceedings, Signa Holding’s insolvency administrator said in a statement on Wednesday. ($1 = 0.9139 euros) (Writing by Miranda Murray; editing by Matthias Williams)
STOCKHOLM (Reuters) – Shares in Sweden’s Skanska eased on Wednesday after the construction company late on Tuesday announced property value writedowns, mainly at its U.S commercial development business. Shares in the Nordic region’s biggest builder, and one of the biggest in the United States, were down 3% at 171 crowns in early trade, taking a …
Skanska’s shares drop after US-led property writedowns Read More »
BERLIN (Reuters) – Germany’s IT and telecommunication (ITC) sector is expected to speed up its growth this year and clearly outperform Germany’s ailing economy, a study by German digital association Bitkom showed on Wednesday. According to the study, the sector’s revenues are expected to rise by 4.4% to 224.3 billion euros ($245.09 billion), compared to …
German tech sector expected to outperform ailing economy in 2024 -study Read More »
FRANKFURT (Reuters) – The euro zone may have been in recession last quarter and prospects remain weak, European Central Bank Vice President Luis de Guindos said on Wednesday, adding that the recent rapid slowdown in inflation is likely to take a pause now. Euro zone growth has been hovering on either size of zero for …
Euro zone facing weak growth, possible recession, ECB’s de Guindos says Read More »
(Reuters) – Central banks will have to intervene more frequently in government bond markets and policymakers should review prudential regulation to make the market more resilient, a provisional study by trade body ICMA said on Wednesday. “Market participants accept that episodic heightened volatility, with rapid evaporation of liquidity, and a sharp repricing of risk, is …
Cen banks to intervene more in bond markets; regulation needs review – ICMA study Read More »
By Aby Jose Koilparambil and Suban Abdulla (Reuters) -Britain’s Persimmon on Wednesday said it expects trading conditions to remain challenging this year as wider economic woes continue to fuel affordability concerns despite signs the slowdown in the housing market could be easing. High borrowing costs have prompted British developers to trim targets and profit outlooks …
UK’s Persimmon flags tough market conditions in 2024 Read More »
By Rene Wagner and Tom Sims BERLIN (Reuters) -The outlook for Germany’s construction sector is grim for 2024, according to two prominent research institutes on Wednesday, a further bad sign for the nation’s struggling property industry as it suffers its worst crisis in decades. German construction spending is set to fall in 2024 for the …
Outlook for German construction sector grim in 2024, researchers say Read More »
By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second biggest supermarket group, said strong demand for premium products liked dry cured meats and steamed buns helped it to outperform the market in the key Christmas period and reiterate its annual profit outlook. The group, which has a 16% share of Britain’s grocery sector, trailing only Tesco, …
UK’s Sainsbury’s enjoys demand for premium ranges at Christmas Read More »
