By Joanna Plucinska LONDON (Reuters) -Shares in Air France-KLM fell as much as 8% to an all-time low on Friday as record third-quarter profits just missed expectations and some analysts worried about rising fuel costs and a lack of profit guidance for the fourth quarter. The airline reported an operating profit of 1.34 billion euros …
Air France-KLM shares hit all-time low as Q3 underwhelms Read More »
By Amruta Khandekar and Shristi Achar A (Reuters) -European shares fell to near seven-month lows on Friday and clocked a second week of losses, with France’s blue-chip index leading the way down after Sanofi scrapped its 2025 profit forecast. The pan-European STOXX 600 closed 0.8% lower, with healthcare the worst performing sector as it fell …
French shares lag European peers on Sanofi’s dour forecast Read More »
By Martin Coulter LONDON (Reuters) – Two of the European Union’s most senior officials plan to attend Britain’s artificial intelligence (AI) safety summit next week, a two-day event that organisers hope will kickstart international dialogue on AI regulation. Ursula von der Leyen, president of the European Commission, and Vera Jourova, a vice president, will attend …
EU’s von der Leyen to attend Britain’s AI summit Read More »
By Elvira Pollina MILAN (Reuters) – A London-based investment firm representing Telecom Italia (TIM) shareholders owning under 3% of the group is seeking to challenge its plan to sell its landline grid, proposing an alternative revamp, a letter to the board seen by Reuters shows. The challenge from Merlyn Advisors and a former TIM senior …
Exclusive-Telecom Italia’s grid sale faces challenger plan Read More »
By David Gaffen and Manas Mishra (Reuters) – Healthcare companies who profit from treating obese and overweight patients are trying to convince investors that powerful new weight-loss drugs won’t shrink their businesses. The global market for obesity drugs could reach as much as $100 billion within a decade due to the effectiveness of Novo Nordisk’s …
Analysis-Healthcare companies counter investor worries over Wegovy effect Read More »
LONDON (Reuters) – British energy regulator Ofgem has approved plans to pay homes to cut electricity use and help prevent power shortages this winter, it said on Friday. Under the demand flexibility service (DFS), homes that are signed up with their suppliers are paid, usually via discounts on their bills, for turning off appliances such …
British regulator OKs plan to pay homes to use less power this winter Read More »
By Khushi Singh and Bansari Mayur Kamdar (Reuters) -Britain’s FTSE 100 fell on Friday, with the benchmark index posting its second weekly drop after a series of underwhelming earnings updates, with NatWest’s gloomy outlook the latest to weigh on banks. The FTSE 100 closed 0.9% lower, with consumer staples like Unilever and Diageo falling more …
London’s FTSE 100 logs weekly loss as lacklustre results weigh Read More »
BERLIN (Reuters) -German Chancellor Olaf Scholz on Friday called Siemens Energy “very important” and the economy ministry said it was conducting “intensive talks”, statements that came as the company’s shares halted their plunge on news that it was seeking state guarantees. The power engineering company has suffered big setbacks at its wind unit, the world’s …
Germany’s Scholz calls Siemens Energy ‘very important’ amid intensive talks Read More »
By Iain Withers and Lawrence White LONDON (Reuters) -NatWest shares suffered their biggest one-day drop in seven years on Friday after a profit downgrade and as it faced regulatory scrutiny over potential breaches in its “debanking” of former Brexit party leader Nigel Farage. The bank’s shares fell as much as 18% in early trading before …
NatWest shares sink most since Brexit on poor outlook, Farage row Read More »
By Joanna Plucinska, Diana Mandia and Federica Mileo LONDON/GDANSK (Reuters) -British Airways-owner IAG and Air France-KLM shares fell sharply on Friday, with Air France-KLM reaching all-time lows, as investors feared weak outlooks despite record quarterly profits. Europe’s airlines are expected to report strong quarterly numbers as consumers have kept travelling despite a cost of living …
BA owner IAG, Air France-KLM shares drop despite record Q3 profits Read More »
