FRANKFURT (Reuters) – EnBW on Friday said its adjusted net profit more than doubled to 1.65 billion euros ($1.81 billion) in the first half, boosted by higher wholesale power prices and the absence of negative effects due to suspended Russian gas supplies. The group, which had released preliminary results last week, said its investments grew …
EnBW’s adjusted net profit more than doubles on higher prices Read More »
AMSTERDAM (Reuters) – De Volksbank’s systems to prevent money laundering have been deemed insufficient by the Dutch central bank (DNB) and it will likely face a fine, the Dutch state-owned bank said on Friday. The bank, which incorporates several smaller Dutch banks such as SNS and ASN, disclosed the findings along with its first-half results. …
Dutch lender De Volksbank faces fine over money laundering safeguards Read More »
PARIS (Reuters) – French annual inflation reached 5.0% in July, in line with preliminary figure and down from 5.3% in June, dragged down by lower energy, food and manufacturing prices, according to final figures from the INSEE statistics body on Friday. The inflation figure, on an EU-harmonised basis, stood at 5.1%, slightly up from initial, …
French inflation confirms its slowdown at 5,0% in July- final figures Read More »
(Reuters) -News Corp reported a 9% drop in fourth-quarter revenue on Thursday, hurt by weakness in its digital real estate services unit and lower corporate spending on advertisements amid high inflation. High interest rates have been a drag on home buying in News Corp’s key markets in Australia and the United States, hurting its real …
(Reuters) -Amazon.com is shelving several private clothing brands, a source familiar with the matter said on Thursday, as the e-commerce giant tries to cut costs and address antitrust scrutiny. The move was first reported by the Wall Street Journal, which said the company has decided to eliminate 27 of its 30 in house-label clothing brands, …
Amazon scraps several private label clothing brands – source Read More »
By Gabriel Araujo SAO PAULO (Reuters) – Dassault Aviation is confident it will be able to meet its target to deliver 35 Falcon business jets in 2023, but its order backlog is not likely to expand this year as much as it did in 2022, an executive said in an interview. Private aviation boomed during …
Dassault confident of 2023 target for Falcon deliveries Read More »
By Alexander Marrow (Reuters) -Russian retailer Magnit on Thursday said it had completed a deal to buy back blocked shares from Western investors, the first deal of its kind since Russia invaded Ukraine in February 2022. The offer to buy back shares at a 50% discount, a requirement demanded by the Kremlin, is the first …
Russia’s Magnit finalises buyback of blocked shares from Western investors Read More »
By Siddarth S, Rupali Chaudhary and Khushi Singh (Reuters) -UK stocks closed at a one-week high on Thursday boosted by travel and luxury companies as China lifted pandemic-era curbs on foreign group tours, while a moderate increase in U.S. July inflation data boosted gains. The FTSE 100 index added 0.4% while more domestically-focused FTSE 250 …
British equities rise as travel stocks rally after China lifts travel curbs Read More »
By Amruta Khandekar, Shristi Achar A and Shashwat Chauhan (Reuters) -European stocks climbed on Thursday after a modest rise in U.S. consumer prices fuelled hopes that the Federal Reserve was close to the end of its rate hikes, while the luxury sector got a boost from China easing travel restrictions. The pan-European STOXX 600 added …
Luxury stocks, Fed rate pause bets boost European shares Read More »
By Jonathan Saul and Carolyn Cohn LONDON (Reuters) -Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources with knowledge of the matter say. Insurers are on heightened alert after Russia’s invasion …
