(Reuters) -Italian spirits maker Campari said on Wednesday that the impact of tariffs on its sales had not been as bad as feared and confirmed its full-year guidance while posting a 4.4% rise in comparable quarterly net sales. The maker of Aperol continues to expect a moderate organic net sales growth and a “flattish organic …
Campari says U.S. tariffs impact not as bad as feared Read More »
By Linda Pasquini and Helen Reid (Reuters) -Adidas’ CEO said on Wednesday that “nervous” retailers in the United States were ordering less product upfront as they waited to see the full impact of President Donald Trump’s tariffs on American shoppers. He also flagged widespread discounting, a sign of uncertainty among retailers and consumers. Adidas’ third-quarter …
Adidas shares slump as CEO flags heavy discounting in ‘nervous’ US market Read More »
LISBON (Reuters) -Portugal’s largest listed bank, Millennium bcp on Wednesday posted an 8.7% rise in nine-month profit, boosted by its Polish unit Bank Millennium and solid domestic operations, despite pressure from lower ECB rates. It booked a consolidated net profit of 776 million euros ($905 million), while net income of its half-owned Polish subsidiary soared …
Millennium bcp’s profit rises 8.7%, driven by Polish unit Read More »
LISBON (Reuters) -Portuguese retailer Jeronimo Martins posted a near 15% rise in its third-quarter net profit on Wednesday, as sales and core earnings increased despite fierce competition and a complex market environment. The company, whose main market is Poland, where it operates the country’s largest food retailer Biedronka, booked a net profit of 214 million …
Jeronimo Martins’ quarterly profit jumps 15% on higher sales Read More »
By Avinash P (Reuters) -The UK’s benchmark index closed at a new high on Wednesday, marking its fifth straight record-breaking session, primarily driven by strong earnings forecasts from drugmaker GSK and retailer Next. The British blue-chip FTSE 100 closed 0.6% higher, taking its daily-winning streak to eight sessions, while the mid-cap FTSE 250 ended about …
FTSE 100 scales new high, powered by strong forecasts from GSK, Next Read More »
By Sukriti Gupta and Purvi Agarwal (Reuters) -Europe’s STOXX 600 was muted on Wednesday as investors awaited the U.S. Federal Reserve’s rate decision later in the day, while parsing through a raft of corporate earnings. The continent-wide STOXX 600 index closed 0.1% lower after hitting an intraday record high. Most regional bourses ended higher with …
European shares pause at highs after earnings; US Fed rate decision in focus Read More »
By Dan Catchpole, Shivansh Tiwary and Allison Lampert (Reuters) -Boeing pushed the first delivery of its long-delayed 777X jet program to 2027 and took a bigger-than-expected $5 billion charge on Wednesday, in another setback for the U.S. aerospace company. The 777X is critical to Boeing’s long-term widebody strategy, previously dominated by its 747 and 777 …
Boeing takes $5 billion hit on much-delayed 777X jet program Read More »
By Giuseppe Fonte ROME (Reuters) -Italy has told the European Commission it is ready to make some changes to its so-called “golden power” rules aimed at shielding companies in strategic sectors, sources said, as the EU prepares disciplinary steps over the matter. Brussels is set to act against the way Rome uses the golden powers …
Italy is ready to amend golden powers to appease EU, sources say Read More »
PARIS (Reuters) -French lawmakers approved two surprise tax hikes on multinational companies late on Tuesday, defying Prime Minister Sebastien Lecornu’s government and injecting fresh uncertainty into negotiations over next year’s budget bill. The amendments, which were both passed during the bill’s first reading in the lower house with support from the far-right and hard-left, can …
French lawmakers adopt tax hikes on global firms amid volatile budget talks Read More »
FRANKFURT (Reuters) -Porsche SE, Volkswagen’s biggest shareholder, is considering investing in the carmaker’s Everllence diesel engine division that has been put up for sale, the Financial Times reported, citing people familiar with the matter. Volkswagen, which has said in the past that it is exploring strategic options for Everllence, could kick off a divestment process …
Porsche SE considers investing in Volkswagen’s Everllence division, FT reports Read More »
