Reuters UK Business

By Paolo Laudani and Eva Orsolya Papp (Reuters) -German online takeaway food company Delivery Hero on Thursday reported stronger than expected growth it its second-quarter gross merchandise value and confirmed its full-year outlook on the back of higher order volumes. Quarterly gross merchandise value or GMV, a common metric for delivery firms measuring the total …

Delivery Hero posts stronger than expected GMV growth in Q2 Read More »

LISBON (Reuters) – Portuguese airline TAP said on Thursday its second-quarter net profit fell 10% to 72.2 million euros ($80.3 million), as foreign exchange losses from the devaluation of the Brazilian real offset an operating income increase. The state-owned flag carrier’s operating income rose 3.4% to 1.1 billion euros during the period, with passenger revenues …

Portugal’s TAP profit falls on foreign exchange losses Read More »

(Reuters) – Birkenstock missed expectations for third-quarter revenue on Thursday as customers held back from spending on pricey footwear, such as the German sandal maker’s cork-based shoes, amid still-high costs of living. The company reported quarterly revenue of 564.8 million euros ($626.1 million), compared with analysts’ estimates of 565.2 million euros, according to LSEG data. …

Birkenstock misses sales estimates as consumers cut back on spending Read More »

By Emma Rumney (Reuters) -France’s Pernod Ricard on Thursday forecast its sales will grow again next year even as challenges in the U.S. and Chinese markets persist, after reporting an annual 1% drop largely in line with forecasts and its own guidance. The world’s No.2 Western spirits maker and its rivals have suffered as a …

Pernod Ricard forecasts return to growth in 2025 Read More »

By Maria Martinez BERLIN (Reuters) -Inflation fell in six important German states in August due to lower energy prices, preliminary data showed on Thursday, suggesting Germany’s national inflation rate could decline noticeably this month. In Saxony, the inflation rate fell in August to 2.6% from 3.1% in the previous month, in Brandenburg it fell to …

Inflation down in six German states, pointing to national decline Read More »

By Gianluca Lo Nostro and Stephanie Hamel (Reuters) -France’s Iliad said on Thursday it had reached its goal to become Europe’s fifth largest telecoms operator by the number of customers, after it recorded 50 million total subscribers in the first half of 2024. The group, which already was the fifth biggest fixed broadband operator in …

Iliad meets goal to become Europe’s 5th largest telecoms operator Read More »

By Arsheeya Bajwa (Reuters) – Nvidia forecast third-quarter gross margin on Wednesday that could miss market estimates and revenue that was largely in line, failing to impress investors who have driven a dizzying rally in its shares as they bet billions on the future of AI. In a sign the market wants more from a …

Nvidia’s outlook fails to impress growth-hungry investors, shares fall Read More »