MILAN, Dec 10 (Reuters) – Shares in Italian spirits group Campari rose on Wednesday, bucking a lower Milan market, after Reuters reported that its main shareholder Lagfin is in advanced talks with the Italian Revenue Agency to settle a tax dispute. Lagfin is set to pay around 400 million euros ($466 million), roughly a third …
FRANKFURT, Dec 10 (Reuters) – Volkswagen’s supervisory board is set to decide on Thursday how the German carmaker will allocate a five-year investment budget of about 160 billion euros ($186 billion), Handelsblatt cited people familiar with the matter as saying on Wednesday. ($1 = 0.8591 euros) (Reporting by Ludwig BurgerEditing by Madeline Chambers)
LONDON, Dec 10 (Reuters) – Ernst & Young (EY) and two individuals are being investigated for due process failures that led to auditor reports being issued without proper authorisation, Britain’s accounting watchdog said on Wednesday. The reports were issued without proper approval from a senior statutory auditor, a spokesperson for the Financial Reporting Council said. …
UK watchdog probes EY over unauthorised auditor reports Read More »
By Joanna Plucinska and Emanuele Berro LONDON, Dec 10 (Reuters) – Europe’s largest tour operator TUI on Wednesday gave a more conservative outlook for 2026 than the market had expected, citing the current trading environment and prevailing economic and geopolitical uncertainties. For 2026, the company expects its revenue to increase by 2% to 4% and …
TUI forecasts slower revenue, profit increases in 2026 Read More »
BRUSSELS, Dec 10 (Reuters) – European Union countries’ ambassadors on Wednesday greenlit the bloc’s plan to phase out Russian gas imports by late 2027, a spokesperson for Denmark’s EU presidency said, clearing one of the final legal hurdles before the ban can pass into law. The EU struck a deal last week on a law …
EU countries’ ambassadors approve phase out of Russian gas imports Read More »
BRUSSELS, Dec 10 (Reuters) – Europe’s second-highest court on Wednesday dismissed Ryanair’s action against a decision by the European Commission to approve a restructuring aid of 2.55 billion euros ($2.97 billion) granted by Portugal to local airline TAP. “The General Court considers that the Commission established that TAP was eligible for restructuring aid … furthermore, …
Ryanair loses challenge against Portuguese airline TAP’s 2.55 billion euros state aid Read More »
NEW YORK, Dec 10 (Reuters) – Online telehealth company Hims and Hers Health is launching its weight-loss membership and treatment plans in the United Kingdom which will include drugs like Novo Nordisk’s Wegovy, the company said on Wednesday. The drug will be available at a starting price of 149 pounds ($198) a month for a …
Hims and Hers to offer weight-loss treatments in UK Read More »
PARIS, Dec 10 (Reuters) – The Bank of France will slightly raise its economic growth forecasts for France, said central bank governor Francois Villeroy de Galhau, who added that the country’s economy was holding up despite the climate of political uncertainty. Villeroy de Galhau was commenting after French lawmakers narrowly approved the 2026 social security …
Bank of France will give slight upgrade to France’s GDP forecasts Read More »
Dec 10 (Reuters) – Husqvarna targets average annual organic sales growth of 3% to 5% over a business cycle, the garden equipment maker said on Wednesday ahead of its investor day presentations. The group also targets an operating margin above 10% and a return on capital employed of 15% through the cycle, timeline of which …
Husqvarna eyes organic sales growth of 3-5% as part of new financial targets Read More »
A look at the day ahead in European and global markets from Rae Wee Much of investors’ attention for the week has been on the Federal Reserve’s rate decision, but for a brief moment on Wednesday, focus in currency markets turned to the yen. The yen looked punch-drunk in Asia after a sudden spill overnight …
Morning Bid: Dazed yen hogs limelight before Fed Read More »
