STOCKHOLM (Reuters) -Swedish industrial group Atlas Copco reported on Thursday a fall in third-quarter profit that was slightly smaller than expected and predicted customer activity would remain at the current level in the short term. Operating profit before items affecting comparability was 8.86 billion crowns ($941 million) against a year-earlier 9.44 billion on a 3% …
By Elizabeth Howcroft PARIS (Reuters) -British finance app Revolut has been granted a licence by Cyprus that will enable it to continue to target crypto-related services to grow its business, the company said on Wednesday, revealing that one fifth of its customers trade cryptocurrency. Crypto has been one of the driving forces in the rapid …
Revolut gets Cyprus crypto licence as it targets more users Read More »
GDANSK (Reuters) -Polish children’s clothing and toy retailer Smyk expects to raise about 389 million zlotys ($107 million) in an initial public offering (IPO) for itself and its top shareholder, it said on Thursday. Smyk, which apart from Poland has stores in Romania, Ukraine and Slovakia, said it will offer up to 13.6 million new …
Polish toy seller Smyk’s IPO to raise $107 million Read More »
By Louise Rasmussen COPENHAGEN (Reuters) -Danish freight group DSV posted stronger than expected third-quarter earnings on Thursday, saying it could continue to cut costs amid rising tariff barriers and turmoil in global commerce, sending its shares up 7.6% in early trade. The world’s largest logistics group said the integration of German rival DB Schenker, bought …
Freight group DSV eyes more cost cuts as Q3 beats forecast Read More »
By Nathan Vifflin (Reuters) -STMicroelectronics on Thursday forecast fourth quarter sales below market expectations, as weak automotive sales spoiled a recovery in its main markets, sending its shares lower. STM, which is one of Europe’s largest chipmakers, expects fourth quarter revenue of $3.28 billion, up from the $3.19 billion it reported this quarter. That’s below …
Chipmaker STMicro’s Q4 forecast hit by weak auto sales Read More »
LONDON (Reuters) -British manufacturers see the weakest prospects for orders since 2020 and current orders are down by the most since December, the Confederation of British Industry said on Thursday, blaming high energy costs and tax worries before next month’s annual government budget. The CBI’s monthly order book index sank to -38 in October from …
UK manufacturers see weakest outlook for orders since 2020 Read More »
By Gilles Guillaume and Dominique Patton PARIS (Reuters) -Renault Group beat forecasts with a 6.8% rise in third-quarter revenue on Thursday, as popular new models such as the Dacia Bigster and its financial services business offset a weaker commercial vehicle market. However, the benefit from higher-priced new models – known as the product mix – …
Renault’s new Bigster SUV helps it beat third-quarter sales forecast Read More »
By David Milliken LONDON (Reuters) -The median full-time salary in Britain rose to 39,039 pounds before tax ($52,394) this year, up 4.3% from a year earlier, annual official figures showed on Thursday. The annual increase was down from a 7.0% rise in 2024 and the smallest since 2021 when wages were depressed by many workers …
UK median full-time salary rises 4.3% in 2025, official figures show Read More »
By Hugo Lhomedet and Dimitri Rhodes (Reuters) -French food caterer Sodexo on Thursday forecast slower revenue growth in 2026 than in 2025, citing challenges in its U.S. business, pushing its shares lower in early trade. Shares in the Paris-listed group, whose yearly results were broadly in line with market expectations, dropped as much as 12% …
Sodexo forecasts slower revenue growth in 2026 on US business challenges Read More »
By Marie Mannes STOCKHOLM (Reuters) -Volvo Cars smashed third-quarter profit forecasts on Thursday, despite tariffs and tough competition, as sweeping cost cuts delivered faster than expected results, sending its shares soaring as much as 40%. Volvo’s new management – led by CEO Hakan Samuelsson who returned earlier this year – has spent the past six …
Volvo Cars smashes profit forecasts as cost cuts deliver Read More »
