MILAN (Reuters) -Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday. Elkann said the Italian company’s two latest models, the 296 GTS plug-in hybrid car and the Purosangue four-seater had boosted its product portfolio, “delivering a record number of orders …
Ferrari has record orders “well into” 2024, chairman says Read More »
By Paul Sandle LONDON (Reuters) – CK Hutchison’s senior leadership met British government officials last month to seek political support to merge its Three UK mobile network with Vodafone UK in a deal set to receive intense regulatory scrutiny, three sources said. Vodafone said in October it was in talks with its rival to combine …
Hutchison briefed UK government as Vodafone deal set for regulatory scrutiny Read More »
By Shubham Batra (Reuters) -European shares rose on Friday and were set for a fourth straight weekly gain, buoyed by hopes that the U.S. Federal Reserve could soon pause its aggressive interest rate-hike cycle following cooler-than-expected inflation in March. The pan-European STOXX 600 gained 0.4%, while rising 1.4% for the week in the index’s longest …
European shares rise as US inflation data signals end of rate-hike cycle Read More »
By Fabian Cambero and Divya Rajagopal SANTIAGO (Reuters) – Lundin Mining Corp’s bid for control of Chile’s Caserones copper mine comes despite ongoing uncertainty over potential policy changes to royalties and taxes, an indication that investors may be regaining confidence in the world no.1 copper-producing country. Lundin last month agreed to pay $950 million for …
Lundin’s bid for Chilean copper hints at returning investor optimism Read More »
LONDON (Reuters) – The number of jobs being advertised online in Britain on April 6 was 18% lower than a year earlier, though up 1% from the week before, according to weekly data from recruiter Adzuna released by Britain’s Office for National Statistics. The ONS also said debit card spending at pubs, restaurants and fast …
UK has 18% fewer jobs advertised online than a year ago: ONS Read More »
BERLIN (Reuters) -Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year, according to an economy ministry report published on Friday. “A technical recession of two negative quarters in a row appears to have been averted,” the ministry said. Current forecasts predict a slight year-on-year increase in …
German economy expected to skirt recession – economy ministry report Read More »
FRANKFURT (Reuters) – Tesla has lowered the price of its Model 3 in Germany by 2,000 euros, or 4.5%, to 41,990 euros ($46,462) per vehicle, according to data on its website. The carmaker also cut the prices for the long range and performance versions of the Model 3. The Model 3 Performance version now sells …
Tesla cuts price for Model 3 in Germany – website Read More »
LONDON (Reuters) – British train companies have made a new offer to rail workers in a bid to end a long running dispute over pay, the group representing the rail industry said on Friday. Britain’s transport network has been hit by a series of disruptive strikes over several months as workers demand better wages to …
UK rail firms make new offer in bid to end strikes Read More »
By Augustin Turpin (Reuters) -Dutch navigation and digital mapping group TomTom reported a surprise first-quarter profit on Friday helped by cost controls and sales growth in its location pin-pointing and automotive markets, sending its shares up 8%. TomTom, which counts Volkswagen, Renault and Microsoft among its clients, had been hit by soaring inflation and the …
Navigation firm TomTom’s shares jump after surprise Q1 profit Read More »
(Reuters) -AO World Plc on Friday raised its full-year profit forecast for the fourth time since July as cost-cutting measures at the British online electricals retailer pushed up its margins, sending shares up about 11% in early trade. The Bolton, northwest England-based company expects adjusted core profit for the full year ended March 31 to …
UK’s AO World raises profit outlook for the fourth time on better margins Read More »
