By Siddarth S and Khushi Singh (Reuters) -London stocks jumped on Thursday, driven by rate-sensitive homebuilders and real estate stocks as the Bank of England (BoE) kept interest rates unchanged though it also dismissed the prospect of rate cuts any time soon. The exporter-focused FTSE 100 climbed 1.4%, while the mid-cap FTSE 250 leapt 3.4%. …
UK stocks rise as BoE keeps interest rates steady Read More »
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell reported on Thursday a 34% annual drop in third-quarter profit to $6.2 billion as energy prices cooled, with strong trading of liquefied natural gas (LNG) helping offset a sharp drop in its production. The company also announced share buybacks of $3.5 billion over the next three …
Shell boosts buybacks as gas trading boost Q3 profits to $6.2 billion Read More »
By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) – Novo Nordisk said on Thursday it expects another year of double-digit sales growth for its two most popular drugs, even as it cautioned shortages of its Wegovy weight-loss injection would continue in the short to medium term. The Danish drugmaker, which this year overtook LVMH as …
Novo Nordisk sees double-digit Wegovy sales growth next year despite supply curbs Read More »
By Maria Martinez BERLIN (Reuters) -German unemployment rose more than expected in October, Labour Office figures showed on Thursday, showing some cracks in what has been a very resilient labour market. The Federal Labour Office said the number of people out of work increased by 30,000 in seasonally adjusted terms to 2.678 million. Analysts polled …
German unemployment rises more than expected in October Read More »
AMSTERDAM (Reuters) – The European Central Bank (ECB) will likely keep interest rates at their current levels in the coming months, as it waits for further confirmation that inflation is on a downward trend, Dutch ECB governing council member Klaas Knot said on Thursday. “Personally, and conditional on incoming data confirming the latest projections from …
ECB interest rates are at good ‘cruising altitude’, ECB’s Knot says Read More »
LONDON (Reuters) – Euro zone manufacturing activity took a further step back last month in a broad-based downturn, according to a survey which showed new orders contracted at one of the steepest rates since the data was first collected in 1997. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell …
Euro zone factory downturn deepened in October -PMI Read More »
By Helen Reid LONDON (Reuters) -Europe’s biggest online fashion retailer, Zalando, sees continued pressure on demand for the rest of the year and now expects 2023 sales to decline, the company said on Thursday as it reported weaker than expected third-quarter revenue. Zalando, a multi-brand platform that sells clothes, shoes, and accessories, has been hurt …
Zalando sees end-year clothing demand staying weak Read More »
BERLIN (Reuters) – Germany’s manufacturing sector, which accounts for about a fifth of its economy, remained mired in a downturn in October due to weak demand, a survey showed on Thursday. The HCOB final Purchasing Managers’ Index (PMI) for manufacturing rose to 40.8 in October from 39.6 in September, increasing for the third month in …
German manufacturing remains under pressure in Oct – PMI Read More »
(Reuters) – Entain on Thursday lowered its profit margin forecast for the year after it posted a drop in gaming revenue in the third quarter, hurt by adverse sporting results and regulatory pressures, sending shares of the company down 5%. The owner of Ladbrokes and Coral betting shops as well as bwin and partypoker online …
Ladbrokes-owner Entain lowers profit margin forecast, shares fall Read More »
By Maria Sheahan and Joanna Plucinska BERLIN (Reuters) -Lufthansa on Thursday reported quarterly profits slightly above analysts’ consensus on the back of robust travel demand this summer, sending shares up over 6.5%, and said bookings remained strong ahead of the Christmas holiday season. Europe’s airlines have reported record quarterly profits as consumers have kept travelling …
Lufthansa upbeat on travel demand as Q3 beats estimates Read More »
