(Reuters) -Shares of Mobileye Global Inc are up 30% in early afternoon trading on Wednesday following its U.S. debut, valuing the self-driving technology unit of Intel Corp at $21.8 billion as investors lapped up what could be the last major IPO of 2022. The debut comes after a turbulent period when Mobileye settled for merely …
Intel’s Mobileye unit valued at $22 billion as shares cruise higher Read More »
PRAGUE (Reuters) – The Czech parliament gave its initial nod to the 2023 state budget bill, setting the deficit at 295 billion crowns ($12.1 billion) as the country grapples with soaring energy prices and other impacts of the war in Ukraine. The planned deficit — which is the bulk of the overall public sector fiscal …
Czech parliament locks in 2023 deficit at $12 billion as war, energy crisis bite Read More »
By Dominique Vidalon PARIS (Reuters) -Europe’s largest food retailer Carrefour on Wednesday raised its cash flow target for this year as sales growth accelerated in the third quarter, especially in the firm’s core French market. Carrefour’s closely watched hypermarkets benefitted from their “attractive” low-price offers as buyers grappled with inflation, the company said. Carrefour said …
By Diana Mandia and Dina Kartit (Reuters) – Europe’s biggest hotel group Accor reported higher than expected third-quarter revenue per available room (RevPAR) on Wednesday, continuing a sharp improvement in activity since the start of the year after a “gorgeous” summer season. The easing of COVID-19 curbs earlier this year led to a boom in …
Hotel group Accor continues post-COVID recovery after a ‘gorgeous’ summer Read More »
BERLIN (Reuters) – Daimler Truck on Wednesday slightly raised its full-year earnings forecast after reporting better-than-expected results in the third quarter thanks to a jump in unit sales, higher prices and strong aftersales business. Daimler Truck now expects full-year group revenue between 50 billion – 52 billion euros ($50.40 billion – $52.42 billion), up from …
Daimler Truck raises FY outlook on stronger than expected Q3 Read More »
By Agnieszka Flak and Valentina Za MILAN (Reuters) -The founding family of Italian luxury shoemaker Tod’s said it was ditching a planned buyout of the group, after failing to reach the 90% ownership threshold needed to take it private. Shares in Tod’s plunged almost 20% on Wednesday to 31.9 euros, a level last seen before …
Tod’s founders scrap buyout, mull next step as shares fall Read More »
(Reuters) – Shopping mall owner Unibail-Rodamco-Westfield on Wednesday raised its guidance for the second time this year, as tenant sales for the first nine months of 2022 exceeded pre-pandemic levels. The group, which counts Forum des Halles in Paris and Madrid’s La Vaguada among its assets, now targets full-year adjusted recurring earnings per share of …
Westfield-owner Unibail confirms recovery, hikes guidance again Read More »
By Johann M Cherian and Sruthi Shankar (Reuters) -UK’s blue-chip index hit three-week highs on Wednesday on hopes that major central banks will tone down their hawkish rhetoric, while news that Britain’s Prime Minister Rishi Sunak will delay a keenly awaited budget did little to spook investors. The FTSE 100 index reversed course to end …
FTSE 100 hits three-week high on hopes of slower rate hikes Read More »
By Valentine Baldassari and Sofia Strodt (Reuters) – Dutch telecoms company KPN NV on Wednesday flagged a small increase in core earnings next year as it tackles inflationary pressures, knocking its shares even as it beat third-quarter expectations and confirmed its 2022 guidance. The largest telecoms provider in the Netherlands had previously said it was …
Dutch telecom KPN sees small rise in 2023 earnings amid inflation Read More »
ZURICH (Reuters) – The Swiss National Bank allotted no extra dollar liquidity to banks in its latest auction, the central bank said on Wednesday. No banks put in bids for the currency, it added, a significant drop from the previous week when 17 banks took part in the auction. Just over $11 billion was allocated …
Swiss National Bank allots zero liquidity at latest dollar auction Read More »
