(Reuters) -Watches of Switzerland said on Wednesday that it was on track to report fiscal first-half results in line with its expectations, helped by robust demand in the U.S., and a steady performance in the UK luxury watch and jewellery markets. The group said it does not expect U.S. tariffs on Swiss watch imports to …
Watches of Switzerland expects to meet first-half estimates on strong US demand Read More »
MADRID (Reuters) -Spain’s service sector growth slowed down in August although it maintained a solid pace thanks to strong demand that allowed firms to raise prices, S&P Global reported on Wednesday. The headline HCOB Spain Services PMI fell to 53.2 in August from 55.1 in July, but higher than the 51.9 and 51.3 in June …
Spain’s service sector grows at slower rate in August, PMI shows Read More »
(Reuters) -Shell will not resume construction of a biofuels facility at its Shell Energy and Chemicals Park in Rotterdam after an in-depth evaluation found it would not be competitive, the company said on Wednesday. The project’s construction was paused in July 2024 due to weak market conditions. Shell in September 2021 had approved the development …
Shell scraps plans for biofuels facility in Rotterdam Read More »
(Reuters) -British convenience food manufacturer Bakkavor on Wednesday said it expects its annual profit to be towards the upper-end of its forecast range, driven by demand for its pre-packaged products and efforts to cut costs. The company, which sells products such as soups, dips, salads, pizzas and desserts, shut its operations in China and is …
UK’s Bakkavor expects annual profit towards upper-end of outlook Read More »
(Reuters) -Brazil’s competition watchdog CADE has opened an investigation into Anglo American’s plan to sell its nickel operations in the country to a unit of Hong Kong-listed MMG for up to $500 million, the Financial Times reported on Wednesday. The probe follows a complaint from CoreX Holding, a global industrial group and direct competitor in …
Brazil opens probe into Anglo American’s $500 million nickel business sale, FT reports Read More »
(Reuters) -Netherlands-based Treasury, a bitcoin treasury company backed by the US billionaire Winklevoss twins, said on Wednesday it plans to list in Amsterdam via a reverse listing alongside Dutch investment firm MKB Nedsense. Treasury, which has raised 126 million euros ($147 million) via a private funding round led by Winklevoss Capital and Nakamoto Holdings, said …
Winklevoss twins-backed bitcoin treasury firm to list in Amsterdam Read More »
(Corrects analyst name in paragraph 12 in Sept 2 story) By Jan Lopatka PRAGUE (Reuters) -Fast-growing Czech-based defence company Czechoslovak Group (CSG) is considering an initial public offering of its shares, the company said on Tuesday, a deal that could value the group at tens of billions of euros based on its financial performance. CSG, …
Arms, ammunition maker Czechoslovak Group considering public offering Read More »
MOSCOW (Reuters) -Russia’s services sector stabilised in August after two months of contraction, with employment growing at the fastest pace since February, S&P Global reported on Wednesday. The S&P Global Russia Services PMI Business Activity Index rose to 50.0 in August from 48.6 in July, indicating unchanged activity levels. A reading above 50.0 signals growth, …
Russian services sector stabilises in August as employment rises, PMI shows Read More »
By Iain Withers LONDON (Reuters) -Blackstone confirmed on Wednesday it had bought a trophy office building in central Paris for about 700 million euros ($819 million), in a sign investors are warming to premium office properties after a post-pandemic drop in activity. The private equity giant said it had agreed to buy the more than …
Blackstone buys $819 million trophy Paris office Read More »
(Reuters) -French Finance Minister Eric Lombard said the government would have to compromise on plans to cut the budget deficit if Prime Minister Francois Bayrou is toppled in a confidence vote on September 8, the Financial Times reported on Wednesday. Lombard said in an interview with the newspaper “It is inevitable” and fresh negotiations would …
French finance minister says deficit reduction plan less ambitious if government falls Read More »
