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VW shareholder Porsche SE eyes higher defence exposure as auto sector flails

13 Aug 2025

(Reuters) -Volkswagen’s largest shareholder, holding firm Porsche SE, said on Wednesday that it planned to deepen its involvement in the defence sector, while reaffirming its core focus on cars and industrial technology. The move aligns with a broader trend among German auto and car parts makers. Companies like Volkswagen, Daimler Truck and Schaeffler have been …

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Germany’s Renk could relocate production to avoid weapons restrictions to Israel

13 Aug 2025

(Reuters) -Tank gearbox maker Renk will shift production of products it sells to Israel should a German embargo of weapons exported to the country take effect, CEO Alexander Sagel said during a post-earnings call. “If we cannot produce them (hundreds of transissions) in Germany, we will relocate these volumes to a different plant, for example …

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German economists disappointed by Merz government’s slow reforms, survey shows

13 Aug 2025

By Maria Martinez BERLIN -Economists in Germany say the new government’s lack of structural reforms, particularly to curb pensions costs, poses long term problems for Germany, even though a massive spending program will boost the economy in the short run. Germany’s anaemic economy could be facing a third consecutive year of contraction and reviving growth …

German economists disappointed by Merz government’s slow reforms, survey shows Read More »

Activist 7Square pushes Germany’s Nuernberger to consider rival offers

13 Aug 2025

By Alexander Hübner and Emma-Victoria Farr FRANKFURT (Reuters) -Nuernberger Beteiligungs AG should consider rival takeover offers, activist investor 7Square wrote in a letter to the German insurer’s board on Tuesday, stating that a potential bid by Vienna Insurance Group undervalues the business. The life-insurance, property and casualty insurance divisions of Nuernberger have underperformed for years, …

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Evolution shares fall after media report says games were distributed in banned markets

13 Aug 2025

(Reuters) -Evolution shares fell almost 10% in early trading on Wednesday after a Bloomberg report said the Swedish company’s casino games had been distributed in banned markets, citing a filing submitted to a court in the United States. The company was not immediately available for comment. (Reporting Boleslaw Lasocki, additional reporting by Anna Chaberska; Editing …

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Nordic Semiconductor shares hit two-year high on strong results and Q3 guidance

13 Aug 2025

By Jesus Calero (Reuters) -Norwegian chipmaker Nordic Semiconductor on Wednesday reported consensus-beating second-quarter results and gave a revenue guidance above market expectations for the third quarter, citing stronger demand from major customers and momentum in its new nRF54 product platform. WHY IT’S IMPORTANT  The company’s bullish Q3 revenue guidance of $165 million to $185 million …

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German property bank PBB swings to loss as it withdraws from US

13 Aug 2025

By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -Deutsche Pfandbriefbank (PBB), one of Germany’s top property financiers, swung to a loss in the second quarter after booking higher risk provisions as it withdraws from the U.S. market, figures on Wednesday showed. PBB said in May that it would not take on new business in the …

German property bank PBB swings to loss as it withdraws from US Read More »

UK’s Persimmon eyes 2026 sales growth but margin concerns weigh on shares

13 Aug 2025

By Raechel Thankam Job (Reuters) -British homebuilder Persimmon beat first-half profit expectations and forecast higher home sales in 2026 on Wednesday, but caution about next year’s margin growth weighed on shares as higher costs and affordability concerns persist.  Marketing campaigns such as a reduced upfront deposit and strong pricing helped first-half deliveries and earnings, but …

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Russia’s July seaborne oil product exports down 6.6% m/m, Reuters calculations show

13 Aug 2025

MOSCOW (Reuters) -Russia’s seaborne oil product exports in July were down 6.6% from June at 8.67 million metric tons amid planned domestic refinery maintenance and strong domestic demand, data from industry sources and Reuters calculations showed. According to Reuters calculations based on data from industry sources, Russia’s offline primary oil refining capacity for July rose …

Russia’s July seaborne oil product exports down 6.6% m/m, Reuters calculations show Read More »

Nutrition supplement maker Glanbia shares surge after earnings outlook upgrade

13 Aug 2025

DUBLIN (Reuters) -Shares in nutrition supplement maker Glanbia opened 10% higher on Wednesday after it increased its full-year earnings outlook and said it was overcoming challenges that pushed its shares to a two-year low in February. Glanbia said it expected full-year earnings per share of $1.30-$1.33 on an adjusted basis, up from its previous forecast …

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