FRANKFURT (Reuters) – European Central Bank supervisors will zero in on bad loans this year after finding that some euro zone banks had set too little money aside for them or were slow in recognising the problem, the ECB said on Wednesday. Presenting its annual review of the sector, the ECB said euro zone banks …
ECB to zero in on soured loans this year as economy slows Read More »
COPENHAGEN (Reuters) – Iceland’s central bank raised its key policy interest rate by half a percentage point to 6.5% on Wednesday, its first rate hike in 2023, and warned of further monetary tightening to bring down inflation, which has anchored itself in the economy. The central bank’s Monetary Policy Committee (MPC) estimated economic growth in …
Iceland’s central bank raises key rate as inflation outlook worsens Read More »
By Victoria Klesty OSLO (Reuters) -Norway’s Yara, one of the world’s largest fertiliser makers, beat quarterly earnings and annual dividend forecasts on Wednesday as higher fertiliser prices helped to offset a surge in gas prices that led it to curb output last year. The price of natural gas in Europe, a key feed stock in …
Yara tops forecast as high fertiliser prices offset gas costs Read More »
By Sudip Kar-Gupta BRUSSELS (Reuters) – Amsterdam-listed mobile telecoms operator VEON said on Wednesday it had won approval from Russian regulatory authorities for the proposed sale of its Russian operations, driving up its shares. Many international companies have been scaling back in Russia or pulling out altogether in the wake of Russia’s invasion of Ukraine. …
Mobile operator VEON wins regulatory approval for Russia sale, lifting its shares Read More »
(Reuters) – Italian retail sales fell 0.2% in December from the month before, data showed on Wednesday, following a 0.8% rise in November. Sales rose 3.4% in unadjusted year-on-year terms in December, ISTAT said. The data are expressed in value terms and are not adjusted for consumer prices, which increased 12.3% in December from the …
By Pablo Mayo Cerqueiro LONDON (Reuters) -Shares in German web hosting company IONOS dipped below the price of its initial public offering (IPO) on Wednesday after Europe’s first major stock market debut since Porsche in September. Shares started trading at 18.40 euros apiece and were changing hands at around 18.00 in morning trading. Books closed …
IONOS shares slip below IPO price at start of trading Read More »
By Bart H. Meijer AMSTERDAM (Reuters) -ABN Amro shares rose to their highest level in three years on Wednesday after the Dutch lender announced a new share buyback helped by stronger-than-expected fourth-quarter earnings. Largely state-owned ABN, one of three dominant banks in the Netherlands, said it would buy 500 million euros ($538 million) of its …
ABN Amro shares jump on buyback announcement, strong earnings Read More »
By Padraic Halpin DUBLIN (Reuters) -Packaging giant Smurfit Kappa said input cost inflation moderated in the latter part of 2022 and it kept the prices it charges customers steady as it reported a 38% jump in full year core profit to 2.35 billion euros ($2.53 billion)on Wednesday. Chief Executive Tony Smurfit had flagged in November …
Packaging giant Smurfit keeps prices steady as input costs fall Read More »
By Nerijus Adomaitis OSLO (Reuters) – Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous high, as gas prices soared and fourth-quarter results beat expectations, boosting its share price by 7%. The Norwegian oil and gas producer’s adjusted earnings before tax and interest for October-December rose …
Equinor shares soar on record 2022 profit, Q4 beat Read More »
(Reuters) – European shares hit a more-than-nine-month high on Wednesday as investors drew positive cues from Federal Reserve Chair Jerome Powell’s remarks overnight, while Linde’s and Akzo Nobel’s upbeat forecasts led material and chemical stocks higher. The pan-European STOXX 600 was up 0.6% at 0818 GMT, hitting its strongest level since April 2022. Powell’s remarks …
European shares hit nine-month high on upbeat cues from Fed’s Powell Read More »
