By Khushi Singh and Bansari Mayur Kamdar (Reuters) -The UK’s FTSE 100 declined on Thursday as Standard Chartered led a slide in bank stocks and Unilever led a drop in consumer shares after the two blue-chip companies posted disappointing earnings. The FTSE 100 closed 0.8% lower, while the mid-cap FTSE 250 slid 0.5%. Shares of …
Gloomy earnings spark decline in British equities Read More »
By Paul Sandle LONDON (Reuters) -British Prime Minister Rishi Sunak said only governments could tackle the risks posed by AI, a technology he said could make it easier to build chemical or biological weapons, spread fear and, in a worse-case scenario, escape human control. Speaking ahead of a global gathering he has convened next week …
UK’s Sunak says only governments can tackle AI risks Read More »
MILAN (Reuters) – Italian spirits group Campari said on Thursday its third quarter like-for-like sales rose 4.4% at constant exchange rates, below analyst expectations, due to price normalisation and unfavourable weather conditions in Europe. A company-provided consensus cited by analysts expected organic revenues in the three months to grow by about 8.4%. Campari confirmed the …
Campari Q3 organic sales rise 4.4%, below consensus Read More »
MADRID (Reuters) – Spain created thousands of new jobs during the summer even as the unemployment rate inched up, as strong demand pushed more people into the labour market, data from the National Statistics Institute (INE) showed on Thursday. The country added a net 209,100 jobs in the quarter, INE said. The unemployment rate rose …
Spain’s job creation sped up during tourism’s bumper summer Read More »
By Mathieu Rosemain PARIS (Reuters) -BNP Paribas’ shares slipped on Thursday, amid a wider European banking sector sell-off, after weaker-than-expected French retail and consumer finance results from the lender. While broadly in-line with market expectations, BNP’s mixed quarterly results failed to reassure investors as banks navigate rising interest rates and an uncertain economic outlook. Shares …
BNP Paribas shares slip on weaker French retail, consumer finance Read More »
By Eva Mathews (Reuters) -Britain’s Heathrow Airport raised its 2023 passenger forecast on Thursday and reported a big fall in losses for the first nine months of the year following stronger-than-expected summer demand for travel. The airport, west of London, said it now expects to handle about 79.3 million passengers this year, compared with an …
UK’s Heathrow hikes passenger forecast as strong summer shrinks losses Read More »
(Reuters) -French IT firm Atos stuck to its annual outlook on Thursday, sending its shares up more than 5%, even as its loss-making IT business weighed on third-quarter sales. The group, whose market value has slumped in recent years, is in talks to sell IT division Tech Foundations to Czech billionaire Daniel Kretinsky in a …
Atos sticks to outlook after lower Q3 sales, shares rise Read More »
By Amruta Khandekar (Reuters) -European shares dropped on Thursday, hit by a rise in U.S. Treasury yields and a slew of weak earnings reports including from Standard Chartered in the run up to the European Central Bank’s policy decision later in the day. The pan-European STOXX 600 index fell 1% by 8:30 GMT and hovered …
European shares slump 1% ahead of ECB verdict, dismal earnings weigh Read More »
LONDON (Reuters) -Shares in some of Europe’s biggest banks tumbled in early trading on Thursday after a series of earnings updates underwhelmed investors, who are already concerned profit margins may have peaked after a long run of interest rate hikes. By 0834 GMT, the broader European banking index fell as much as 2.4% to its …
Investors punish Europe’s big banks as results underwhelm Read More »
By Richa Naidu LONDON (Reuters) -Unilever’s new chief executive Hein Schumacher on Thursday laid out long-awaited plans to simplify the business after admitting it had underperformed in recent years, but its shares fell as some investors were unimpressed. The maker of Dove soap and Ben & Jerry’s ice cream met market expectations for third-quarter sales …
Unilever’s new CEO lays out plans to simplify business, shares fall Read More »
