By Michal Aleksandrowicz and Nick Carey (Reuters) -French car parts maker Forvia on Friday posted solid organic sales growth for the third quarter, but warned that the spreading United Auto Workers strike will take a bigger bite out of revenue in October. The world’s seventh largest automotive supplier said the impact of the UAW strikes …
Forvia posts solid Q3 growth, warns of rising hit from UAW strike Read More »
MILAN (Reuters) – Telecom Italia (TIM) top investor Vivendi remains convinced that any decision on the sale of the former phone monopoly’s grid needs to be voted at an extraordinary shareholder meeting, a source close to the French media giant said on Friday. Vivendi has a 24% voting stake in TIM and has expressed reservations …
TIM’s grid sale needs extraordinary shareholder vote – source close to Vivendi Read More »
By Amruta Khandekar (Reuters) – European shares fell on Friday and were set to post their biggest weekly loss in three months as mounting fears about a wider Middle East conflict, surging government bond yields, and underwhelming earnings reports kept investors risk-averse. The pan-European STOXX 600 hit its lowest level in seven months and was …
European shares eye sharp weekly loss on geopolitical, rate jitters Read More »
By David Milliken and Andy Bruce LONDON (Reuters) -Britain recorded a smaller-than-expected budget deficit in September, a minor boost for finance minister Jeremy Hunt as he grapples with tough economic constraints ahead of a budget update next month. Public sector net borrowing, excluding state-owned banks, was 14.347 billion pounds in September, the Office for National …
UK budget deficit smaller than expected in September Read More »
By Nick Carey and Miranda Murray (Reuters) -New car sales in the European Union rose 9.2% in September, helped by a jump in sales of electric and hybrid vehicles, which together accounted for more than half of car sales last month, industry data showed on Friday. Sales of fully-electric cars rose 14.3% from a year …
EU car sales rise 9.2% in Sept as demand for EVs jumps -industry group Read More »
(Reuters) – Newspaper publisher Telegraph Media Group and the Spectator magazine on Friday launched a formal sale process for the businesses. The Telegraph group could fetch 600 million pounds ($726.72 million) from the sale, Sky News had previously reported. In June, restructuring group AlixPartners said Bank of Scotland had appointed receivers for the shares of …
Publisher Telegraph, Spectator magazine kick off sale process Read More »
(Reuters) -Global ratings agency Moody’s on Thursday placed Israel’s A1 ratings on review for a possible downgrade, citing the ongoing military conflict with the Palestinian Islamist group Hamas. Israeli Defence Minister Yoav Gallant told troops gathered at the Gaza border on Thursday that they would soon see the Palestinian enclave “from inside”, suggesting an expected …
Moody’s places Israel’s A1 ratings on review for possible downgrade Read More »
By Yuvraj Malik (Reuters) -Dow Jones Chief Financial Officer Liz O’Melia has resigned from the company after about 16 months at the role, a person familiar with the development told Reuters on Thursday. News Corp unit Dow Jones, which owns the Wall Street Journal, has begun the search for a new CFO after O’Melia resigned …
Dow Jones CFO O’Melia resigns after 16-month stint – source Read More »
By Amanda Cooper and Harry Robertson LONDON (Reuters) -The London Stock Exchange (LSE) said it is preparing to resume normal trading on Friday after an incident disrupted activity earlier on Thursday. The incident forced the exchange to halt trading in smaller stocks, although blue-chip shares suffered no interruptions. LSEG did not offer any details on …
LSE says preparing to resume trading normally on Friday Read More »
By Philip Blenkinsop and Andrea Shalal BRUSSELS/WASHINGTON (Reuters) -The European Union and the United States must find mutually beneficial solutions to help resolve trade disputes, European Council President Charles Michel said on Thursday as U.S. and EU negotiators raced to end long-running disagreements over tariffs and subsidies before a White House meeting on Friday. U.S. …
EU seeking to resolve trade irritants with US at summit Read More »
