By Siddarth S and Shashwat Chauhan (Reuters) -UK’s FTSE 100 dipped on Monday, weighed by a stronger pound and a slide in shares of equipment rental firm Ashtead Group, while investors looked forward to a budget update later in the week. The blue-chip FTSE 100 fell 0.1% as the pound strengthened 0.3%, touching a two-month …
Firmer pound weighs on FTSE 100 ahead of interim budget; Ashtead tanks Read More »
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) -European shares edged higher on Monday after a strong week driven by aggressive bets on interest rate cuts, while drugs-to-pesticides group Bayer posted its worst day ever weighing on the healthcare sector and Germany’s benchmark index. The pan-European STOXX 600 inched 0.1% higher after jumping nearly 3% …
European shares inch up after robust week; Bayer tanks Read More »
By David Milliken LONDON (Reuters) – Britain’s next government will almost certainly need to raise taxes and make unwelcome spending choices even if this week’s budget update from finance minister Jeremy Hunt presents a superficially brighter picture. The country is facing long-term headwinds from an ageing population, chronically weak growth and overstretched public services, amplified …
Analysis-UK’s next government will find tax rises hard to avoid Read More »
FRANKFURT (Reuters) – Low valuations for euro zone bank stocks appear to reflect concerns about credit risk and shareholder payouts, likely weighing on future credit growth via stricter terms for borrowers, the European Central Bank said on Monday. Bank earnings have surged this year, partly on higher ECB interest rates that allowed lenders to beef …
Poor euro zone bank valuations seen a drag on credit growth: ECB Read More »
(Reuters) – British equipment rental firm Ashtead Group on Monday said its annual profit would come in below market expectations as lower emergency response activity in its U.S. business and the company expects to take a more than $2 billion depreciation charge for the year. Shares in the FTSE 100 company fell 13.6% to 4,530 …
UK equipment rental firm Ashtead’s bleak profit view hammers shares Read More »
(Reuters) – Catering group Compass Group expects 2024 underlying operating profit to grow about 13%, aided by strong demand leading to high single-digit organic revenue growth and stronger margins, it said on Monday. It also announced a further $500 million in share buyback, after completing a $750 million buyback earlier this month. Compass, the world’s …
By Noele Illien ZURICH (Reuters) -Julius Baer on Monday dampened profit expectations after it booked valuation adjustments of 82 million Swiss francs ($92.6 million). The Swiss bank said that of the 82 million francs, 70 million were booked against the group’s credit portfolio after Oct. 31, 2023. “The overall quality of the loan book and …
Julius Baer lowers profit expectations as credit provisions rise Read More »
By Tommy Wilkes and Simon Jessop LONDON (Reuters) – A private fund that plans to build power projects on sites such as hospitals and data centres to reduce energy wastage has secured backing from the European Union’s investment arm. The European Investment Fund (EIF) said it had invested 125 million euros in the ‘Green Energy …
AMSTERDAM (Reuters) – Dutch energy company Eneco plans to build a hydrogen plant in the Rotterdam port area to run solely on renewable energy, it said on Monday. Eneco said it has filed its planning application for the electrolyser, a hydrogen plant that splits water into hydrogen and oxygen using electricity. Current hydrogen plants run …
Eneco plans green hydrogen plant in Rotterdam port area Read More »
By Andreas Rinke BERLIN (Reuters) -The German government is still planning to buy the local division of Dutch grid operator TenneT, an economy ministry spokesperson told Reuters on Sunday. The government’s plan to buy TenneT’s German operations, which includes part of the country’s power grid, had hit a hurdle after a ruling by the country’s …
Germany sticks with plans to buy TenneT’s German division -economy ministry Read More »
