AMSTERDAM (Reuters) -KLM, the Dutch arm of Air France-KLM, said on Wednesday it would not have to cancel any flights during the May vacation period as a result of passenger caps imposed by Schiphol airport in light of labour shortages. However, a spokesperson for the company said KLM would be obliged to sell fewer tickets …
KLM says no May flights cancelled due to Schiphol passenger caps Read More »
By Shreyashi Sanyal (Reuters) -European shares were weighed down by mining stocks after metal prices dropped on Wednesday and as strong economic data sparked worries that interest rates could stay higher for longer. The pan-European STOXX 600 index fell 0.5% in the first hour of trading. Investors are also awaiting release of the minutes of …
Miners, rate-hike fears pull down European shares Read More »
AMSTERDAM (Reuters) – JDE Peet’s NV, one of the world’s largest coffee companies, on Wednesday reported a slightly larger-than-expected 6% fall in full-year core profit last year, but projected a return to growth for 2023. Adjusted earnings before interest and taxes (EBIT) dropped to 1.22 billion euros ($1.30 billion) last year, from 1.3 billion euros …
JDE Peet’s 2022 core profit slips 6% as costs outweigh higher prices Read More »
By David Latona MADRID (Reuters) -Spain’s biggest utility Iberdrola expects its net profit to increase by 8% to 10% this year from 2022, it said on Wednesday, discounting the country’s windfall tax that would cut the growth rate to the mid-single-digit. Following Russia’s invasion of Ukraine a year ago, energy markets in Europe hit record …
Iberdrola expects 8-10% net profit rise before windfall tax Read More »
BERLIN (Reuters) -Shares in Fresenius SE fell to the bottom of Germany’s blue-chip index early Wednesday after the healthcare group forecast a potential fall in operating profit this year, citing intensifying cost inflation and labour shortages. Shares in Fresenius fell as much as 6.9%. Calling the outlook “tough but realistic”, analysts at Jefferies said the …
Shares in Fresenius down, FMC up after outlook and reshuffle Read More »
By Maria Martinez BERLIN (Reuters) -Germany’s inflation rate showed no signs of easing at the start of the year, as energy and food price pressures remained high due to the war in Ukraine. German consumer prices, harmonised to compare with other European Union countries, rose by 9.2% on the year in January, data from the …
LONDON (Reuters) – The leader of Northern Ireland’s largest unionist party said on Tuesday there was still work to be done to find a resolution to a dispute between Britain and the European Union over their post-Brexit trading arrangements with the province. Jeffrey Donaldson, leader of the Democratic Unionist Party, told members of Britain’s governing …
Northern Ireland’s DUP leader says more work needed to solve post-Brexit trade row Read More »
By Ludwig Burger FRANKFURT (Reuters) -German healthcare group Fresenius SE will slash costs and proceed with plans to cede strategic control over struggling dialysis group Fresenius Medical Care (FMC) as its new CEO seeks to simplify the diversified healthcare group, it said. The move comes after Elliott Investment Management took a stake in Fresenius last …
Germany’s Fresenius to simplify structure, flags potential profit fall Read More »
(Reuters) -Outspoken Russian mercenary chief Yevgeny Prigozhin accused top brass on Tuesday of deliberately depriving his Wagner fighters of munitions in what he called a treasonous attempt to destroy his private military company. The Russian defence ministry quickly pushed back, issuing a lengthy statement saying complaints about lack of ammunition were “absolutely untrue” and would …
Russian mercenary boss accuses top army brass of ‘treason’, Moscow pushes back Read More »
AMSTERDAM (Reuters) -Dutch health technology company Philips’ top management will not take any bonuses for 2022 after a global recall of respiratory devices resulted in a 70% plunge in the company’s market value, it said on Tuesday. Given the company’s performance and negative experience of shareholders and other stakeholders, the current management board has waived …
Philips management will not receive bonuses for 2022 Read More »
