(Corrects date of third quarter sales report to October 22 (from October 26) in last paragraph) LONDON (Reuters) -Shares in Gucci-owner Kering hit their highest level of 2025 on Monday, on optimism that new chief executive Luca de Meo can turn the struggling fashion house’s fortunes around, following years of underperformance. Kering shares were last …
New CEO bounce drives Gucci-owner Kering shares to year-high Read More »
By Alban Kacher (Reuters) -Amsterdam’s Schiphol Airport said on Monday it plans to freeze airline charges in 2026, scrapping a previously planned 5% increase following talks with airlines. Schiphol, one of Europe’s busiest airports, has already increased fees it charges to airlines by 41% this year as part of a three-year plan to fund new …
Schiphol scraps plan to hike fees next year after airlines push back Read More »
By Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) -Elliott Investment Management is exploring strategic options for its UK-based Ark Data Centres in a possible sale that could fetch more than 3 billion pounds ($4.00 billion), according to two people with knowledge of the matter. The U.S. hedge fund has held informal talks with advisers about a …
Exclusive-Elliott explores options for British data centre firm Ark, sources say Read More »
By John Revill Zurich (Reuters) -The Swiss National Bank is lowering the threshold factor for the interest it pays commercial banks on overnight deposits, a move designed to stimulate interbank lending and smooth the transmission of monetary policy to market rates. The SNB pays 0% to banks on sight deposits up to 18 times their …
Swiss National Bank to lower threshold factor for sight deposit interest Read More »
By Jason Hovet PRAGUE (Reuters) -Czech billionaire Andrej Babis’s ANO party, the favourite in an October 3-4 election, is banking on populist pledges that will cost billions of euros, end austerity and test the country’s frugal mindset. The incumbent centre-right government of Prime Minister Petr Fiala has cut the deficit and reformed pensions in the …
Populist Czech vote frontrunner Babis’s lavish spending plans could jolt budget Read More »
By Joanna Plucinska and Ilona Wissenbach MUNICH/FRANKFURT (Reuters) -Lufthansa will cut 4,000 administrative jobs by 2030 and set higher profitability targets, the German airline group said on Monday, as it seeks to boost efficiency through digitalisation and automation. Shares in the company rose on the announcement, jumping 2% in early trade. By 1156 GMT they …
Lufthansa to cut 4,000 jobs, raises profitability targets Read More »
-French oil major TotalEnergies on Monday reduced its annual capital expenditure guidance by $1 billion through 2030 as part of a $7.5 billion savings drive. The group now expects net capex of around $16 billion in 2026 and $15–17 billion annually between 2027 and 2030, it said in a statement. (Reporting by Alban KacherEditing by …
TotalEnergies cuts Capex outlook by $1 billion a year in cost-savings push Read More »
LIVERPOOL, England (Reuters) -British finance minister Rachel Reeves said on Monday that market confidence would be lost immediately if she allowed spending to get out of control, sending a warning to those colleagues who have called on her to spend more. Reeves was speaking at the annual Labour conference at Liverpool, before a budget in …
UK’s Reeves warns colleagues: spending cannot get out of control Read More »
MILAN (Reuters) -Stellantis has slashed nearly 10,000 jobs in Italy in the past four years, while vehicle production, including vans and small trucks, more than halved since 2004, the Fiom-Cgil union reported on Monday. Stellantis includes Italian brands Fiat, Lancia and Alfa Romeo, which significantly shrank their operations in recent years while the company dealt …
Stellantis has cut 10,000 Italy jobs in four years, union reports Read More »
By Alistair Smout, Elizabeth Piper and Andrew MacAskill LIVERPOOL, England (Reuters) -British finance minister Rachel Reeves mounted a staunch defence on Monday of her commitment to “economic responsibility”, countering those in the Labour Party who want her to ease her fiscal rules to spend more on the nation’s ailing economy. In a speech taking aim …
UK’s Reeves takes on critics with warning on ‘economic responsibility’ Read More »
