Reuters UK Business

By Olivier Cherfan and Augustin Turpin (Reuters) -Dutch postal firm PostNL on Monday affirmed its 2023 outlook after reporting a smaller than expected drop in first-quarter parcel volumes and operating profit helped by measures to cut delivery costs, sending its shares up nearly 10%. Parcel volumes at delivery and postal firms such as PostNL, FedEx …

PostNL shares soar as Q1 volumes and profit fall less than forecast Read More »

By Joan Faus BARCELONA (Reuters) -Grifols said on Monday its executive chairman Thomas Glanzmann will become its new chief executive with immediate effect, ending the founding family’s executive leadership at a time of turmoil within the Spanish pharmaceutical group. Glanzmann, who had served as the board’s vice chairman since 2017, was appointed chairman in February …

Spain’s Grifols names current chairman as CEO, ending family leadership Read More »

A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to the week in Asia, which is no surprise given U.S. consumer prices loom this week as a major test of the market’s sanguine view that the Fed is done hiking. Futures are 90% priced for …

Marketmind: Markets await US banks’ take on credit squeeze Read More »

AMSTERDAM (Reuters) – The European Central Bank’s interest rate hikes are starting to have an effect, but more will be needed to contain inflation, Dutch Central Bank President Klaas Knot said on Sunday. Knot, who is also on the ECB’s governing council and is known as a hawk, said he had agreed with the ECB …

ECB’s Knot says rate hikes are working, more needed Read More »

By Jan Schwartz FRANKFURT (Reuters) – Carmaker Volkswagen is set to dismiss all but one of the executive board members at its software division Cariad next week to try to resolve development problems, a person familiar with the matter told Reuters on Saturday. The unit – set up under former VW group CEO Herbert Diess …

VW to fire top executives at software unit Cariad, source says Read More »