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LONDON (Reuters) – British education group Pearson said it would grow sales by low to mid single digits this year after demand for English language learning helped sales rise 5% and operating profits rise 11% in 2022, in line with its update last month. (Reporting by Paul Sandle; editing by Sarah Young)

MADRID (Reuters) -Spanish oil and gas company Cepsa plans to nearly double its investments over the next three years to a total of 3.6 billion euros ($3.82 billion), with more than half of that amount going to sustainable energy and mobility, it said on Friday. It also posted a full-year net profit at current cost …

Cepsa to nearly double investments over next 3 years as profit soars Read More »

By Ilona Wissenbach and Joanna Plucinska (Reuters) -Germany’s Lufthansa on Friday said it delivered a “clearly positive result” for 2022 and expects a significant improvement in earnings this year as air travel recovers from COVID restrictions. Passenger numbers doubled and net revenue almost doubled from that achieved in 2021, although the figures remain short of …

Lufthansa expects further ‘significant improvement’ after return to profit Read More »

LONDON (Reuters) – The recovery in euro zone business activity gathered pace last month as growth accelerated in the bloc’s dominant services industry, a survey showed, providing the latest piece of evidence suggesting the currency union will avoid a recession. S&P Global’s Composite Purchasing Managers’ Index (PMI), seen as a good barometer of overall economic …

Euro zone recovery gathers pace, allays fears of recession-PMI Read More »

By Sudip Kar-Gupta (Reuters) -Morgan Stanley and two other investment banks have revised their forecasts for the European Central Bank’s terminal rate – the level at which its key interest rate will peak – to 4% as inflationary pressures weigh. Data this week showed a surprise surge in underlying inflation across the 20-nation euro zone. …

Morgan Stanley, others now forecast 4% peak for key ECB rate Read More »

BERLIN (Reuters) – German services sector activity rose in February for the second consecutive month, demand recovered and optimism rose, a survey showed on Friday. S&P Global’s final services Purchasing Managers’ Index (PMI) rose to 50.9 in February from 50.7 in January, remaining above the 50.0 threshold that separates growth from contraction. “After contracting markedly …

German services sector activity rose again in February -PMI Read More »

(Reuters) – Activity in Italy’s service sector grew at its fastest rate in eight months in February, boosted by gains in new business, while there were signs that cost pressures on firms were easing, a survey showed on Friday. S&P Global’s Purchasing Managers’ Index (PMI) for Italian services climbed to 51.6 in February from 51.2 …

Italian service sector picks up speed in Feb-PMI Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft Corp is expected to secure EU antitrust approval for its $69 billion acquisition of Activision with its offer of licensing deals to rivals, three people familiar with the matter said, helping it to clear a major hurdle. Microsoft announced the Activision bid in January last year, its biggest …

Exclusive-Microsoft set to win EU nod on Activision with licensing offer, sources say Read More »

(Reuters) – European Commission President Ursula von der Leyen will discuss clean energy and supply chains with President Joe Biden in Washington on March 10, the White House said, as European nations worry that new U.S. subsidies will hurt their economies. Biden’s Inflation Reduction Act (IRA), a $430 billion bill that offers massive subsidies for …

Biden and EU’s von der Leyen to meet amid subsidies dispute Read More »