By Jesús Aguado MADRID (Reuters) -Spain’s BBVA on Thursday said it expected its lending income to keep growing in 2025 in Mexico and Spain after solid underlying results in the third quarter were somewhat overshadowed by a lower contribution from its Mexican unit. The second-biggest lender in the euro zone after surpassing on Wednesday 100 …
BBVA sees higher lending income in its main markets in Mexico and Spain Read More »
By Echo Wang, Kenrick Cai, Deepa Seetharaman and Krystal Hu SAN FRANCISCO (Reuters) -OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time. OpenAI is considering …
Exclusive-OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation Read More »
By Joanna Plucinska and Ilona Wissenbach LONDON (Reuters) -Lufthansa reported quarterly operating earnings slightly above expectations on Thursday and said the outlook for the fourth quarter was strong with demand set to improve, though weak North Atlantic bookings were a drag. The German airline group’s shares were up over 5% at 1028 GMT. The results …
Lufthansa hits third-quarter forecasts despite weaker North Atlantic market Read More »
(Reuters) -Grocery supplier Princes Group’s London initial public offering is expected to be priced at 475 pence, the bottom of its marketed range, terms of the IPO seen by Reuters show, signaling investor caution as the city tries to revive its primary market. The company, owned by Italian food and drinks maker NewPrinces, is expected …
Grocery supplier Princes set to price London IPO at lower end of guidance Read More »
LONDON (Reuters) -British retailer Marks & Spencer on Thursday named Roger Burnley, the former boss of supermarket Asda, as a non-executive director, beefing-up the board’s food expertise after Justin King, the former boss of Sainsbury’s, stepped down last month. Burnley was chief executive of Asda for three years until 2021 and prior to that was …
Britain’s M&S names former Asda boss Roger Burnley as director Read More »
By Gianluca Lo Nostro and Jerome Terroy (Reuters) -Schneider Electric’s organic revenue growth beat quarterly estimates on Thursday, propelled by surging demand for data centres that power artificial intelligence, as the French industrial group cements its role as a key supplier for the sector. Third-quarter revenue grew 9% organically to 9.72 billion euros ($11.7 billion), …
Schneider Electric beats organic growth forecast as AI boom fuels data centre demand Read More »
ABU DHABI (Reuters) -BlackRock-owned HPS Investment Partners and Abu Dhabi’s Lunate plan to launch a new platform to invest in large North American and European corporates, to which Lunate will commit at least $1 billion, the companies said on Thursday. The focus of the HPS Strategic Solutions Partners Platform will be on privately negotiated preferred …
FLORENCE, Italy (Reuters) -The European Central Bank said on Thursday it could launch a pilot of its digital currency in 2027 provided it can secure timely approval from lawmakers for a project it deems vital for the euro zone’s financial autonomy. The ECB has presented it as a strategic alternative to private, U.S.-dominated means of …
LONDON (Reuters) -BP said on Thursday the carbon dioxide level in its huge Bumerangue oil and gas discovery in Brazil’s offshore Santos basin could be managed. BP in August hailed Bumerangue as its biggest oil and gas discovery in 25 years, but said it contained elevated carbon dioxide levels. High CO2 content can potentially make …
BP says CO2 content in massive Brazilian Bumerangue oil and gas discovery is manageable Read More »
(Corrects story published on October 29 to say Q4 tariff impact will be a mid double-digit figure, not triple-digit, and specifies 2026 tariff impact may reach triple-digit range) By Amir Orusov and Simon Ferdinand Eibach (Reuters) -Volkswagen’s truck unit Traton reported a 39% drop in operating profit for the first nine months of 2025 on …
Traton posts earnings decline on weaker sales and rising tariff impact (October 29) Read More »
