By Marc Jones LONDON (Reuters) – The European Central Bank’s sharp increase in borrowing costs has yet to be fully felt by the economy, two top European Central Bank policymakers said on Thursday, saying future moves should depend on how the data evolves. Locked in a fight against inflation, the ECB has embarked on its …
ECB says rate hikes have yet to be felt, even as more loom Read More »
BERLIN (Reuters) -Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two years from March 2023, in a move welcomed by analysts ahead of the carmaker reporting full-year earnings on Friday. Shareholders Beijing Automotive Group and Geely had agreed to divest their shares …
Mercedes-Benz to buy back up to 4 billion euros in shares by 2025 Read More »
BERLIN (Reuters) – German trade union Verdi launched a 24-hour strike at seven airports late on Thursday, the latest travel chaos in Germany prompted by wage disputes. The country’s airport association ADV said around 295,000 passengers would be affected by the cancellation of some 2,340 flights at Bremen, Dortmund, Frankfurt, Hamburg, Hanover, Munich and Stuttgart …
Seven German airports at a standstill as workers strike Read More »
By Michel Rose and Tassilo Hummel PARIS (Reuters) -French union bosses took their demonstration against a planned pension reform to a small southern town on Thursday, as strikes showed signs of faltering ahead of a key parliamentary vote on raising the retirement age by two years to 64. Unions were in their fifth day of …
French union bosses take retirement-age protests to countryside as vote looms Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) – Britain’s internationally-focussed FTSE 100 on Thursday closed above 8,000 points for the first time as upbeat earnings from Centrica and Standard Chartered countered global risk-off sentiment after hotter-than-expected U.S. inflation data. The blue-chip FTSE 100 gained 0.2%, off an intra-day record high hit earlier in the …
FTSE 100 closes above 8,000 on positive Centrica, StanChart earnings Read More »
(Reuters) -The Restaurant Group has rejected a request from Oasis Management for a board seat, after the shareholder publicly called for the owner of Britain’s Wagamama restaurant chain to take immediate steps to restore market confidence. The company is recovering from the impact of the pandemic and dealing with rising energy costs. Its shares have …
The Restaurant Group rejects Oasis request for board seat Read More »
By Inti Landauro MADRID (Reuters) -Spain’s Repsol said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2.15 billion) from 872 million a year earlier, topping the 1.75 …
Repsol’s profit beats forecasts, flags big spending increase Read More »
By Marwa Rashad and Emily Chow LONDON (Reuters) – Europe’s increased need for liquefied natural gas (LNG) will boost competition with Asia for LNG over the next two years as supply remains limited, Shell said on Thursday. European countries, including the UK, imported 121 million tonnes of LNG last year, up 60% from 2021, helping …
European demand to boost LNG competition over next two years -Shell Read More »
By Paul Sandle LONDON (Reuters) – Information and analytics firm Relx said it was using generative AI to supercharge its legal, health and science products as it forecast another year of strong growth in 2023, sending its shares to an all-time high. Chief Financial Officer Nick Luff said all four of its divisions – legal, …
Relx sees AI driving growth as shares hit new high Read More »
By Huw Jones LONDON (Reuters) – Euronext, Deutsche Boerse and 12 other European stock exchange groups on Thursday said they would jointly propose creating a combined feed of their share prices to investors, throwing down the gauntlet to rivals ahead of European Union legislation. EU states and the European Parliament are due in coming months …
European bourses join forces in bid to operate stocks price feed Read More »
