Reuters UK Business

Italy’s Leonardo aims to enter Leopard tank programme

9 Nov 2023

ROME (Reuters) -Italy’s state-controlled defence and aerospace group Leonardo is aiming to join the German next-generation Leopard 2 tank programme, CEO Roberto Cingolani said on Thursday. The Leopard is jointly manufactured by German companies Krauss-Maffei Wegmann and Rheinmetall. “I confirm that we are working in this direction, actually the expectation is extremely good, the negotiation …

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Belgium’s Bpost reinstates core profit guidance, sees lingering U.S. difficulties

9 Nov 2023

By Olivier Cherfan and Augustin Turpin (Reuters) -Belgium’s Bpost reported EBIT above consensus and reinstated its previously withdrawn 2023 core profit forecast on Thursday, taking into account recent updates on compliance reviews for its services to the Belgian state. The group, which delivers mail and parcels and provides e-commerce logistics, now expects adjusted earnings before …

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France sees no big risk to European gas from sanctions on Russian LNG project

9 Nov 2023

PARIS (Reuters) -U.S. sanctions against a major Russian liquefied natural gas project in which French oil major TotalEnergies is a shareholder do not appear to pose a big risk to European gas supplies, Finance Minister Bruno Le Maire told Reuters on Thursday. Le Maire, who said France was in contact with U.S. authorities over the …

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EU watchdog cautions against one-size-fits-all rules for non-banks

9 Nov 2023

By Huw Jones LONDON (Reuters) – Regulators should keep on open mind when writing rules for the world’s $239 trillion “non-bank” financial sector to avoid one-size fits all approaches, the EU’s top securities watchdog said. Non-banks, a sector which includes hedge funds, real estate funds, insurers and private investments and now account for about half …

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London stocks rebound as investors parse results; AstraZeneca shines

9 Nov 2023

By Shubham Batra and Johann M Cherian (Reuters) – London listed stocks reversed early losses and closed up on Thursday as investors parsed corporate earnings, with healthcare giant AstraZeneca the biggest boost to the benchmark index after bumping up its annual profit forecast. The multinational-heavy FTSE 100 ended 0.7% higher, while the mid-cap FTSE 250 …

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Martin Sorrell’s S4 Capital warns on profit as top-line goes into reverse

9 Nov 2023

By Paul Sandle LONDON (Reuters) -Revenue at Martin Sorrell’s digital ad group S4 Capital declined sharply in the third quarter, wiping out all of the growth achieved in the year to date and prompting another profit warning, as a reluctance to spend by some tech clients worsened. Shares in the company fell as much as …

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Flutter lowers full year earnings forecast, shares tumble

9 Nov 2023

By Padraic Halpin DUBLIN (Reuters) -Flutter expects recent customer friendly sports results to push full-year earnings excluding the nascent U.S. market to the bottom of its previously forecast range, sending shares in the world’s largest online betting company sharply down on Thursday. Flutter also said weakness in the Australian horse racing market is set to …

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