LONDON (Reuters) -British house prices rose 0.3% in August, a third consecutive monthly increase that leaves them 2.2% higher than a year earlier, figures published by mortgage lender Halifax showed on Friday. Economists polled by Reuters had forecast prices would rise 0.1% on the month and be 2% higher than the year before. British house …
UK house prices rise 0.3% in August, Halifax says Read More »
COPENHAGEN (Reuters) -Danish wind farm developer Orsted cut its operating profit outlook for 2025 on Friday, shortly before shareholders were set to vote on a crucial capital raise as the company battles U.S. President Donald Trump’s opposition to wind power. Once celebrated as a trailblazer in offshore wind, Orsted now finds itself in dire straits, …
Orsted cuts profit outlook ahead of $9.4 billion rights issue vote Read More »
OSLO (Reuters) -Norway’s general election on September 7-8 is expected to be a close race between a centre-left bloc led by the incumbent Labour Party, and a centre-right bloc dominated by the populist Progress Party and centre-right Conservatives. Among the issues that could decide the vote are inequality and taxation, while the outcome could have …
What you need to know about Norway’s upcoming election Read More »
By Yoruk Bahceli LONDON (Reuters) -France faces a slew of key sovereign debt rating reviews from next week, with the risk of a downgrade rising as the government, which looks set to lose a confidence vote on Monday, struggles to gain backing for an unpopular debt-cutting plan. While France’s rating was downgraded by Moody’s after …
France faces sovereign rating test amid political chaos Read More »
By Nick Carey, Christoph Steitz and Christina Amann LONDON/FRANKFURT/BERLIN (Reuters) -Chinese and European carmakers are set to face off at next week’s Munich car show, reflecting intensifying competition on the continent that has pitted incumbents such as Volkswagen against EV giant BYD and newcomers GAC and Changan. This year’s IAA Mobility, the continent’s biggest biennial …
‘It’s Europe vs China’ as Chinese brands crowd Munich car show Read More »
By Elizabeth Howcroft and Mathieu Rosemain PARIS (Reuters) -London-based financial technology company Revolut has hired Frederic Oudea, the former CEO of France’s Societe Generale, as chairman of its Western Europe hub in Paris, as it prepares to apply for a banking licence in the country. The hire underscores Revolut’s aggressive expansion, as it enlists a …
Revolut hires former SocGen boss Oudea as West Europe chairman Read More »
A look at the day ahead in European and global markets from Kevin Buckland Markets are in buoyant mood, clearly anticipating Friday’s hotly awaited U.S. payrolls report will keep the Fed on course to cut rates this month and once more by year-end. It was the previous month’s payrolls shocker that got speculation really going …
Morning Bid: Markets bet big on Goldilocks payrolls number Read More »
By Neil J Kanatt (Reuters) -Lululemon Athletica slashed its annual profit forecast for the second quarter in a row, blaming weak U.S. business and product issues, as well as tariff costs. Shares of the yogawear maker, which also cut its annual sales forecast, fell about 15% after the closing bell. The company’s attempts to boost …
Lululemon cuts forecasts, blames tariffs and product issues Read More »
By Jacob Gronholt-Pedersen and Nichola Groom COPENHAGEN/LOS ANGELES (Reuters) -Danish offshore wind developer Orsted and the states of Rhode Island and Connecticut sued the Trump administration on Thursday, alleging its decision to block construction of the nearly finished Revolution Wind project is illegal. The separate complaints are the latest twist in a saga that started …
Orsted’s Revolution Wind sues Trump administration over project halt Read More »
(Reuters) -Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion), to expand its customer base and scale up its product portfolio. The U.S. chip design software provider will pay 70% of the amount in cash and the rest by issuing shares …
Cadence Design to buy Hexagon’s design and engineering unit for $3.16 billion Read More »
