By Valentina Za MILAN (Reuters) -Italy’s UniCredit is aiming to improve its profit outlook when it reports 2025 results in February, counting on earnings from stakes built in rival lenders and stronger business momentum in the absence of M&A distractions. Under CEO Andrea Orcel, a veteran dealmaker, the Italian bank has pursued a complex M&A …
UniCredit flags possible profit upgrade as it takes a breather on M&A Read More »
(Removes incorrect reference to share admission timeline being later than initially expected in first bullet and paragraph 5) (Reuters) -Princes Group plans to raise 400 million pounds ($536.84 million) in its London IPO to fund expansion, the grocery supplier said, targeting a lower-than-anticipated valuation of up to 1.24 billion pounds in a sluggish UK IPO …
Grocery supplier Princes plans to raise $537 million in London debut Read More »
MILAN (Reuters) -Renzo Rosso, the chairman of Italian fashion group OTB, expects the Armani business to be split up and sold to different buyers, due to a ‘complicated’ business model, with licensing contributing significantly to profits, he said on Wednesday. The will of the late Giorgio Armani, published in September, named l’Oreal , EssilorLuxottica and …
OTB chairman Rosso predicts Armani breakup and sale Read More »
DUBLIN (Reuters) -Ryanair will run 84 weekly flights from Jordan’s capital Amman this winter after restarting operations paused by the war in Gaza and is in talks about a significant expansion, Europe’s largest low-cost carrier said on Wednesday. Ryanair is in talks with authorities in Jordan about increasing the number of routes it flies from …
Ryanair restarts 18 routes from Jordan, plans expansion Read More »
WARSAW (Reuters) -Poland is planning tax changes and tightening the tax system which could result in a gain of approximately 19 billion zlotys ($5.22 billion) for the state budget in 2026, the Ministry of Finance said. This is part of Poland’s response to the European Union’s excessive deficit procedure, which the country has been subject …
Tax changes will boost Polish 2026 budget by over $5 billion, says ministry Read More »
By William Schomberg and Suban Abdulla LONDON (Reuters) -British inflation unexpectedly held steady in September, raising the prospect of a Bank of England interest rate cut this year and offering some relief to finance minister Rachel Reeves ahead of her budget in November. Annual consumer price inflation remained at 3.8% for the third month running, …
UK inflation holds at 3.8% in surprise boost for Reeves and BoE Read More »
By Elena Fabrichnaya MOSCOW (Reuters) -Russia has no plans to seize any European assets, including companies and banks, but will consider its position if the European Union confiscates frozen Russian sovereign assets, a senior Finance Ministry official said on Wednesday. As much as $250 billion worth of Russian assets have been frozen in the EU …
Russia says no EU asset seizure if Russian assets are spared confiscation Read More »
BERLIN (Reuters) -A spokesperson for the German economy ministry said on Wednesday that the government was concerned about possible supply chain difficulties due to a dispute over chipmaker Nexperia. “We are in contact with all relevant parties and trying to find solutions,” the spokesperson said at a regular government press conference. “Chips are indispensable for …
German economy ministry spokesperson: concerned about chip supply chain difficulties Read More »
By Pushkala Aripaka and Alexander Marrow LONDON (Reuters) -Consumer goods group Reckitt beat expectations for third-quarter like-for-like net sales growth on Wednesday, boosted by strength in emerging markets, which marked a bright spot for a sector weighed down by broader pressures. Reckitt, maker of Durex condoms and Lysol cleaning products, has narrowed its focus to …
Emerging markets propel Durex maker Reckitt past sales expectations Read More »
ASTANA (Reuters) -Kazakhstan’s economy minister said on Wednesday that a freeze on fuel prices would remain in place until “at least” next spring, saying that the move had been driven by rising fuel prices in Russia, Kazakhstan’s neighbour and main trade partner. Speaking to reporters in the capital, Astana, Serik Jumangarin, the minister, said: “What’s …
