By Marta Maciag and Julia Kotowska (Reuters) -Pepco Group will focus on developing digital tools such as a mobile app and a loyalty programme to support in-store shopping, its CEO said on Thursday, after the discount retailer reported higher revenue for the bulk of its fiscal year. Its shares jumped as much as 14% to …
Discount retailer Pepco plans digital drive to boost stores Read More »
(Reuters) -German sandal maker Birkenstock raised its expectations for fiscal year 2025 revenue on Thursday, driven by demand for its clogs and shoes from affluent shoppers despite price hikes. Demand for trendy and aspirational products such as Birkenstock’s pricey sandals, popular prams from Bugaboo, as well as Coach’s Tabby handbags has remained undeterred from higher-income …
Birkenstock lifts sales outlook on demand boost for clogs and shoes Read More »
BUDAPEST (Reuters) -Hungarian government measures launched over the summer, such as public sector wage hikes, housing support for civil servants and a subsidised mortgage scheme could boost households’ net income by 1.5% of economic output in 2026, the central bank said. In power since 2010, eurosceptic Prime Minister Viktor Orban faces what political analysts say …
Hungary government measures to boost household income, central bank says Read More »
MILAN (Reuters) -Any final agreement between Italy’s top insurer Generali and France’s BPCE to combine their asset management businesses will be subject to prior approval by the insurer’s board of directors, Generali said on Thursday. Generali and BPCE signed in January a non-binding accord to combine their units – Generali Investments and Natixis Investment Managers …
Generali says any BPCE asset management deal needs prior sign-off by its board Read More »
COPENHAGEN (Reuters) -British artificial intelligence group Nscale has raised $1.1 billion from investors, including Norway’s Aker ASA and Finland’s Nokia, to help accelerate its data centre infrastructure buildout, the companies said on Thursday. The so-called Series B funding round was led by Aker, the investment company of Norwegian billionaire Kjell Inge Roekke, which injected $285 …
Nscale raises $1.1 billion from Aker, other investors for AI buildout Read More »
FRANKFURT (Reuters) -Growth in bank lending across the euro zone continued to accelerate in August, hitting multi-year highs as lower interest rates helped the flow of credit, European Central Bank data showed on Thursday. Credit growth to businesses picked up to 3.0% in August from 2.8% a month earlier to reach its highest level since …
By Yadarisa Shabong (Reuters) -British investment group Petershill Partners said on Thursday it would delist from the London Stock Exchange and return money to shareholders, citing dissatisfaction with its share price performance and valuation and delivering another setback to the UK equity market. Majority owned by Goldman Sachs and known for buying stakes in hedge …
Goldman Sachs’ Petershill to delist from London in latest blow to UK stock market Read More »
BERLIN (Reuters) -Germany’s VDA car industry association on Thursday welcomed the United States lowering tariffs retroactively from August 1 but said exporters still faced challenging trade barriers. “This is an important step,” VDA President Hildegard Mueller said in a statement, after President Donald Trump’s administration said it was formally implementing the U.S. trade agreement with …
German auto lobby welcomes lower US tariffs but says EU must push further Read More »
(Corrects advisory to say SSP Group’s share move and response added in paragraphs 6 and 7, not 5 and 6) (Reuters) -Activist hedge fund Irenic Capital Management is trying to drum up interest in a take-private deal for Upper Crust owner SSP Group after boosting its stake in the food-to-go operator, the Financial Times reported …
Irenic Capital moves to rustle up takeover interest in Upper Crust owner SSP, FT reports Read More »
(Reuters) -Chinese drone experts have flown to Russia to conduct technical development work on military drones at a state-owned weapons manufacturer that is under Western sanctions, according to two European security officials and documents seen by Reuters. The Chinese experts have visited arms maker IEMZ Kupol on more than half a dozen occasions since the …
Exclusive-Chinese drone experts worked with sanctioned Russian arms maker, sources say Read More »
