By Iain Withers LONDON (Reuters) -British money manager Aberdeen reported another quarter of outflows on Wednesday and flagged that it expected a further 4.5 billion pound ($6 billion) client withdrawal by the end of the year, as the firm works to revive its fortunes. Chief executive Jason Windsor is pursuing a turnaround strategy focused on …
Aberdeen flags $6 billion client withdrawal by year-end Read More »
(Reuters) -Britain’s Serica Energy said on Wednesday it would no longer be able to complete its planned transition from the AIM market to the London Stock Exchange’s main market this year, due to regulatory complexities from its recent M&A activity. The company said last week it would buy BP’s stake in some North Sea assets …
UK’s Serica Energy delays main market move due to M&A hurdles Read More »
(Reuters) -French rail operator SNCF Voyageurs has approved a 1.4 billion euro ($1.63 billion) order for 30 additional very high-speed trains from Alstom intended for international service under the Eurostar banner, the trainmaker said on Wednesday. The order is part of a broader framework agreement between SNCF and Alstom, which now covers 145 trains. Deliveries …
STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported on Wednesday a smaller-than-expected fall in third-quarter net profit, on the back of loan loss reversals while interest income held up in the face of pressure from central bank rate cuts. Net profit at the more than 150-year-old bank fell to 5.95 billion Swedish crowns from 7.21 billion a …
Handelsbanken net profit beats forecast on strong credit quality Read More »
A look at the day ahead in European and global markets from Rae Wee All eyes will be on the release of British consumer price figures later on Wednesday, where a hotter-than-expected print is likely to dash hopes of another rate cut from the Bank of England (BoE) this year. Expectations are for the inflation …
Morning Bid: Inflation will wipe away UK’s rate-cut bets Read More »
By Dominique Patton PARIS (Reuters) -French beauty conglomerate L’Oreal posted weaker-than-expected third-quarter growth on Tuesday, weighed down by its performance in North America, but it flagged improving demand in China for its luxury brands. Nicolas Hieronimus, CEO of the maker of CeraVe creams and Valentino perfume, estimated that the China beauty market grew about 3% …
L’Oreal flags first China growth in two years but misses sales forecast Read More »
(Reuters) -European aerospace groups Airbus, Thales and Leonardo are nearing an agreement on the merger of their space businesses, the Financial Times reported on Tuesday. Under the deal, Airbus will own 35%, with the other two holding 32.5% each, the report added, citing people familiar with the matter. Airbus is expected to receive a payment …
Airbus, Thales and Leonardo near deal on merger of European space businesses, FT reports Read More »
(Reuters) -GE Vernova said on Tuesday it would pay $5.28 billion to buy the 50% stake it does not already own in transformer-maker Prolec GE as the artificial intelligence boom fuels grid equipment demand. The purchase from joint venture partner Xignux would be funded equally between cash and debt and is expected to close by …
GE Vernova to fully own Prolec JV for $5.28 billion in grid supply push Read More »
(Reuters) -TeamViewer said on Tuesday it expects full-year revenue to be at the lower end of its prior outlook of 778 million euros to 797 million euros ($907 million-$929.5 million), driven by weakness in its recently acquired 1E business. Standalone annual recurring revenue at 1E, a December 2024 acquisition, which develops products that detect IT …
Germany’s TeamViewer sees 2025 revenue at lower end of forecast on 1E weakness Read More »
(Reuters) -Germany’s Northern Data said on Tuesday that it had withdrawn its annual forecast, as the AI cloud company was evaluating potential strategic transactions and graphics processing unit’s market pricing dynamics. Northern Data said in a statement that the forecast withdrawal is partially offset by improved utilization of its GPU capacity driven by customer traction …
