(Reuters) – German car parts supplier Stabilus is seeing ongoing weakness in both the automotive and industrial sectors, its CEO said on Friday, a day after the company announced cost cuts and layoffs to preserve profitability. The company said late on Thursday it planned to cut 450 jobs, or 6% of its global workforce, and …
German auto supplier Stabilus announces cost cuts to defend margins Read More »
WARSAW/BUDAPEST (Reuters) – Ukrainian migrant flows in and out of Central and Eastern Europe (CEE) after the war could prove key to the region’s growth prospects, S&P Global said in a report, with possible effects on economic output ranging from -6% to 3%. Nearly half of Ukrainian refugees currently in the EU live in the …
STOCKHOLM (Reuters) – Digital banking group NOBA has set the price in a planned initial public offering on the Stockholm bourse at 70 crowns per share, valuing the firm at 35 billion crowns ($3.73 billion), it said on Friday. NOBA, which unveiled earlier this month it planned to list on the Nasdaq Stockholm exchange in …
Digital bank NOBA sets Sweden IPO price valuing firm at $3.7 billion Read More »
ATHENS/BUDAPEST (Reuters) – Greece’s Hellenic Dairies said it had planned significant investments to upgrade the loss-making Hungarian company it had agreed to take over before Hungary banned the acquisition and halted its Eastern European expansion drive. Prime Minister Viktor Orban’s government said on Tuesday it had banned the foreign takeover of dairy company Alfoldi Tej …
Blocked Greek suitor says it had planned big investments in Hungarian dairy firm Read More »
By Yoruk Bahceli LONDON (Reuters) – The gap between euro zone governments’ credit ratings is at its narrowest since 2010, Citi data shows, with a French downgrade and upgrades for Spain and Portugal underscoring increasing convergence among member states’ economic fortunes. Fitch downgraded France to ‘A+’ last Friday after a government collapse complicated its already …
Euro zone sovereign ratings diverge the least since debt crisis Read More »
COPENHAGEN (Reuters) – Finland is opposed to a European Commission proposal that the European Union be able to take on more joint debt, Finance Minister Riikka Purra said on Friday. The European Commission has proposed that the budget for 2028-2034 include an option to jointly borrow money in the case of an emergency. “We are …
MOSCOW (Reuters) – The European Commission will propose banning Russian LNG imports by January 1, 2027, a year earlier than planned, as part of a 19th package of sanctions against Moscow, EU sources said on Friday. Following are some facts about Russia’s LNG exports by destination and volume. TOTAL EXPORTS OF RUSSIAN LNG Russia’s liquefied …
Factbox-Russia’s LNG exports by destinations and volumes Read More »
Spain’s National Statistics Institute (INE) on Friday revised the country’s 2024 gross domestic product growth rate upward to 3.5% from an original 3.2% after computing final data. INE also revised the 2023 annual GDP growth data down to 2.5% growth from a previous 2.7% and revised its 2022 data up to an expansion of 6.4% …
Spain’s stats institute revises 2024 GDP growth up to 3.5% Read More »
LONDON (Reuters) – Spire Healthcare shares jumped almost 16% on Friday after the British private hospital group said it was exploring strategic options, including a potential sale of the company. Spire shares jumped to a one-year high, last up 15.7% and set for their biggest one-day rally since May 2021. The group – which operates …
Spire Healthcare shares surge nearly 16%, company mulls sale Read More »
(Reuters) – German utility Uniper said on Friday it had agreed to sell its 1 gigawatt coal-fired power plant Datteln 4 to commodity trader and investment company ResInvest Group. In addition to the coal infrastructure, the transaction also includes the associated heat generation facilities, the company added in a statement. Reuters revealed on Wednesday that …
Uniper to sell Datteln 4 plant to ResInvest Group as part of government rescue Read More »
