By America Hernandez (Reuters) -French oil major TotalEnergies expects to report an increase in third-quarter results as higher upstream production and improving crude refining margins offset lower oil prices, the group said on Wednesday. “Despite a $10 per barrel drop in oil price year-on-year, the results and cash flow from business segments should increase within …
PARIS (Reuters) -French telecom group Altice France told employees on Wednesday that it had “immediately rejected” an offer from rivals Bouygues, Orange and Free-Iliad group to buy its mobile unit SFR, news agency AFP reported. The three groups said late on Tuesday that they had submitted a nonbinding offer to acquire a large part of …
Altice rejects Bouygues, Orange, Iliad group’s offer to buy SFR, AFP reports Read More »
(Reuters) -Alphabet’s Waymo plans to launch its fully driverless ride-hailing service in London in 2026, the robotaxi firm said on Wednesday, as it looks to expand its footprint to major international cities. Waymo has grown slowly but steadily over the years in the United States despite tough regulations and expensive technology. Now, it is picking …
Waymo to launch autonomous ride-hailing service in London next year Read More »
By Jesús Aguado MADRID (Reuters) -Spain’s Santander is merging its digital lender Openbank with its consumer finance business in Europe as part of a drive to simplify its structure and reduce costs, the bank said on Wednesday. The new entity will manage Santander’s consumer finance operations under the Openbank brand, starting with Germany, with other …
Santander merges digital bank and consumer finance unit in Europe Read More »
(Reuters) -British oilfield services and engineering firm Wood Group on Wednesday said its chief executive, Ken Gilmartin, will step down next month after its shareholders vote on a 216-million-pound ($288.62 million) takeover bid from Dubai-based Sidara. Interim CFO Iain Torrens will replace him, the Aberdeen-based company said. Gilmartin will also exit the role of director …
Wood Group CEO to exit following Sidara takeover vote Read More »
FRANKFURT (Reuters) -Shares in German copper producer Aurubis fell on Wednesday after key shareholder Salzgitter sold 500 million euros ($582 million) worth of bonds that can be exchanged for 7.6% of Aurubis’s stock. Shares in Aurubis, previously buoyed by booming copper markets, fell 6.7% to 108.2 euros at 0752 GMT, eliminating gains from earlier this …
Aurubis shares drop as Salzgitter’s stake to shrink in bond deal Read More »
(Reuters) -British wealth manager Jupiter Fund Management reported that net inflows for the third quarter were unchanged from the previous three months, as improving sentiment in its retail channel was offset by outflows from institutional clients. Jupiter and its peers have benefited from a change in investor sentiment after worries stemming from U.S. trade policies prompted …
Jupiter’s inflows plateau as retail momentum counters institutional pullback Read More »
(Reuters) -British gambling firm Entain reported a 6% rise in third-quarter net gaming revenue and reiterated its annual profit forecast on Wednesday, supported by growth in its U.S. joint venture BetMGM and online gaming. Entain has benefited from an accelerating shift towards online gaming and sports betting, especially through its BetMGM joint venture with MGM …
UK’s Entain posts 6% rise in gaming revenue on BetMGM strength Read More »
LONDON (Reuters) -Britain’s finance minister Rachel Reeves said she was looking at both tax rises and spending cuts for her budget on November 26, confirming widely held expectations given her pledges about balancing the country’s books. Economic forecasters expect Reeves will need to raise about 30 billion pounds ($40.1 billion) through tax increases at the …
UK’s Reeves considering tax increases and spending cuts, Sky News reports Read More »
A look at the day ahead in European and global markets from Rae Wee Investors have chosen, at least for now, to look past simmering U.S.-China trade tensions, taking comfort instead from Federal Reserve Chair Jerome Powell’s remarks hinting at more rate cuts on the horizon. Global shares were once again upbeat on Wednesday, with …
