AMSTERDAM (Reuters) -Dutch airline KLM will cancel around 100 flights on Wednesday due to a strike by ground crew at Amsterdam Schiphol airport, a spokesperson for the Dutch arm of airline group Air France KLM said on Tuesday. (Reporting by Bart Meijer; Editing by Benoit Van Overstraeten)
(Reuters) -French petroleum products distributor Rubis said on Tuesday that it was in “very preliminary” talks with what it called various industrial and financial counterparties and would consider any potential options that could arise. Rubis issued its statement after Bloomberg News reported on Friday that CVC Capital and Trafigura Group are separately considering offers for …
Rubis in very preliminary talks with ‘industrial and financial counterparties’ Read More »
MOSCOW (Reuters) -Russia’s second-largest lender VTB launched book-building on Tuesday for an additional share issue that could raise more than $1.1 billion. The majority state-owned bank is offering about 1.26 billion ordinary shares at a target price of no more than 73.9 roubles per share in a secondary public offering, meaning it could raise up …
Russian bank VTB issues additional shares to raise up to $1.1 billion Read More »
BERLIN (Reuters) -Ford will cut up to 1,000 jobs in electric car production in the German city of Cologne due to weak demand, the U.S. carmaker said in a statement on Tuesday. “In Europe, demand for electric cars remains well below industry forecasts,” the statement said. “Ford will therefore switch production at the Cologne plant …
Ford to cut up 1,000 jobs at Germany’s Cologne e-car plant Read More »
FRANKFURT (Reuters) – Germany has filled its natural gas storage facilities to levels that will meet the European Union’s minimum requirements by November 1, but national operators’ group INES says it plans to monitor supply security closely because risks remain. With 75% of storage space filled, the legal requirement to hit 81% by November 1 …
German gas storage at 75% but operators keep an eye on winter supply Read More »
(Reuters) -Brembo SGL Carbon Ceramic Brakes (BSCCB) has completed a 50% production capacity expansion at its plants in Italy and Germany to meet growing demand for its high-performance brake discs, it said in a statement on Tuesday. The joint venture of Italian brake maker Brembo and Germany’s SGL Carbon manufactures carbon ceramic discs for braking …
Brembo, SGL joint venture boosts brake disc output in Italy, Germany Read More »
By Raechel Thankam Job (Reuters) – British recruiter SThree warned on Tuesday that a weak jobs market will keep profit below market expectations in its next financial year, sending its shares down 28% to their lowest in nearly 17 years. Inflationary pressures in Europe, recession fears and trade tensions triggered by U.S. President Donald Trump’s …
UK’s SThree warns of profit hit from weak jobs market, shares slump Read More »
By James Davey LONDON (Reuters) – British grocery inflation edged down to 4.9% in the four weeks to September 7, according to data from Worldpanel by Numerator, offering only modest respite for shoppers still grappling with elevated food prices. The figure, the most up-to-date snapshot of UK food inflation, compared with 5.0% in last month’s …
UK grocery inflation slows marginally in September, says Worldpanel Read More »
By William Schomberg and Suban Abdulla LONDON (Reuters) – Britain’s jobs market has lost a little more steam, official data showed on Tuesday, potentially easing worries at the Bank of England about persistent inflation pressures. The Office for National Statistics figures showed the number of workers on firms’ payrolls falling for a seventh month in …
UK jobs market slows again, offering some inflation relief to Bank of England Read More »
(Reuters) – French bank BNP Paribas extended its guidance to 2028 on Tuesday, signalling confidence in the longer-term outlook with a turnaround in commercial banking profitability and higher capital generation. The euro zone’s biggest bank by assets said it was setting a target of 13% for 2028 for return on tangible equity (ROTE), driven mainly …
BNP Paribas sees retail banking recovery boosting capital generation through to 2028 Read More »
