Reuters UK Business

(Reuters) – Poland’s registered unemployment rate rose to 5.5% in January compared with 5.2% in December, statistics office data showed on Thursday, in line with analysts’ expectations of 5.5%. The statistics office also said that the number of registered unemployed was 857,600 last month. Separately, the statistics office said the unemployment rate as measured by …

Poland’s unemployment rate at 5.5% in January Read More »

FRANKFURT (Reuters) -German reinsurer Munich Re beat its full-year earnings target with a 16.7% gain despite Ukraine-related claims and after fourth-quarter net profit jumped by a better than expected 74% on equity disposals and lower tax payments. Jefferies analysts described the results as a “remarkable achievement” given a challenging year featuring claims from Hurricane Ian …

Munich Re beats 2022 profit target with 74% fourth-quarter leap Read More »

By Victoria Waldersee, Hakan Ersen and Christoph Steitz BERLIN/FRANKFURT (Reuters) -SAP software company has named former Deloitte CEO Punit Renjen as designated supervisory board chairman to succeed co-founder Hasso Plattner, whose term will expire in May 2024 after two decades. SAP’s board nominated 61 year-old Renjen, CEO of Deloitte from 2015 until the end of …

SAP names ex-Deloitte CEO as chairman designate to succeed co-founder Read More »

By Diana Mandia (Reuters) -French construction-to-telecoms conglomerate Bouygues said on Thursday it aimed for higher sales this year and next for recently acquired Equans, after reporting a jump in annual operating profit driven by strong performance in all business segments. The October acquisition of Equans, a former services unit of power group Engie, is a …

Bouygues sets targets for Equans after higher 2022 operating profit Read More »

By Tristan Chabba and Anna Mackenzie (Reuters) -Europe’s biggest hotel group Accor on Thursday forecast higher revenue per available room (RevPAR) for 2023 as Chinese travelers are expected to return, after its annual core profit beat expectations on strong December activity. Hotel chains were hit hard by China’s strict pandemic restrictions and are now hoping …

Hotel group Accor beats on core earnings, bullish on Chinese tourists Read More »

SOFIA (Reuters) -Bulgaria could join the euro zone from January 2025 if it meets all entry criteria, the European Commission Vice-President Valdis Dombrovskis said on Thursday. Bulgaria last week scrapped its target to adopt the euro in January 2024 as it fails to meet the inflation criteria and has not adopted some legal changes. “The …

Bulgaria could adopt the euro from 2025 if ready -EU’s Dombrovskis Read More »

(Reuters) – Shares of Cineworld slumped as much as 22% on Wednesday after media reports said the world’s second-largest cinema operator had received 40 non-binding bids, but none for its UK and U.S. assets or nearing its $6 billion secured debt load. The reports cited company counsel Joshua Sussberg’s comments to the U.S. Bankruptcy Court …

Cineworld shares dive on reports of no bidders for UK, U.S. assets Read More »