(Reuters) -China’s No. 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks to grow sales on the continent. A BYD assembly plant, joining two other planned factories in Hungary and Turkey, would be …
MADRID (Reuters) -Zara founder Amancio Ortega’s investment vehicle Pontegadea Inversiones has agreed to acquire PLP’s Knowsley warehouse in Britain, near Liverpool, for £81 million ($107.50 million), Place North West real estate news website reported on Monday. Pontegadea declined to comment on the matter. The 850,000 square-foot (78,967 square metres) warehouse has been rented by Amazon …
Zara founder buys UK warehouse leased to Amazon for $108 million: report Read More »
LONDON (Reuters) -Shares in budget airline easyJet jumped as much as 11.5% on Tuesday, with traders pointing to an Italian media report of possible bid interest from global container shipping company MSC. “MSC denies any involvement in this matter,” a spokesperson for the Mediterranean Shipping Company said in a statement to Reuters about the report …
EasyJet shares jump, traders cite report of bid interest Read More »
By Gianluca Lo Nostro and Agnieszka Olenska (Reuters) -Shares in Ericsson surged more than 13% on Tuesday after the Swedish telecoms equipment maker exceeded expectations for quarterly earnings growth and played down the impact of U.S. tariffs. Adjusted earnings before interest and taxes (EBIT) excluding restructuring charges were 15.4 billion Swedish crowns ($1.62 billion) in …
Ericsson’s shares soar after profit beat, plays down tariff impact Read More »
FRANKFURT (Reuters) -Warship maker TKMS has renegotiated terms of project guarantees it gets from parent Thyssenkrupp, according to a prospectus ahead of TKMS’ separate listing, indicating tougher conditions as the business prepares for a stand-alone future. Thyssenkrupp will spin off 49% of TKMS on October 20, the prospectus published late on Monday said, the latest …
Thyssenkrupp renegotiates 10 billion euros in unit TKMS’ guarantees before spin-off Read More »
By Gilles Guillaume PARIS (Reuters) -Shares in Michelin fell as much as 11% on Tuesday, to their lowest in almost three years, after the tire maker cut its forecast for full-year income more than expected due to weak business conditions in North America. The company said late on Monday it expected 2025 segment operating income …
Michelin shares fall as much as 11% after profit warning Read More »
By Shadia Nasralla and Stephanie Kelly LONDON (Reuters) -BP said it expects upstream production to rise in the third quarter, reversing earlier guidance for a slight decline, but flagged weak oil trading performance in a trading update ahead of results due on November 4. The oil major guided for both higher oil and gas output, …
BP flags weaker oil trading while upstream output grows Read More »
(Reuters) -Shares of Morgan Advanced Materials slipped nearly 14% on Tuesday after the British chip parts supplier forecast annual sales to be lower than last year due to weak semiconductor demand and growing uncertainty in European industrial markets. Chip demand has stayed under pressure amid high customer inventories and deferred orders, while stagnant industrial output …
UK’s Morgan Advanced Materials tumbles on weak outlook, chip slump Read More »
By James Davey LONDON (Reuters) -British grocery inflation rose to 5.2% in the four weeks to October 5, industry data showed on Tuesday, adding to pressure on consumers already facing higher energy bills. The figure from Worldpanel by Numerator (formerly Kantar), which provides an early indication of pricing pressures ahead of official UK inflation data …
UK grocery inflation accelerates to 5.2%, says Worldpanel Read More »
FRANKFURT (Reuters) -The former chief executive of Commerzbank, Manfred Knof, wants the German lender to remain independent as Italy’s UniCredit pushes for a tie-up, he told a German newspaper. Knof was CEO of Commerzbank when UniCredit last year began to build up its large stake and press for talks, but he then made way for …
Former Commerzbank CEO, now shareholder, wants bank to remain standalone Read More »
