By Amir Orusov (Reuters) -German machine and car parts maker Schaeffler reported lower-than-expected operating profit for the second quarter on Wednesday, citing weaker demand in Europe and China, adverse currency effects and U.S. tariffs. Shares in the company fell by 5%. Schaeffler said its adjusted earnings before interest and taxes fell 15.8% to 205 million …
Schaeffler misses Q2 profit forecasts on weaker demand Read More »
MILAN (Reuters) -Healthcare stocks led sectoral decliners in Europe on Wednesday, as President Donald Trump’s latest threat of higher tariffs on pharmaceutical imports kept traders on edge. Trump said on Tuesday that Washington would initially impose a “small tariff” before raising it to 150% within 18 months, and eventually to 250%, in a bid to …
European healthcare stocks hit fresh lows after Trump’s tariff threat Read More »
By Bernadette Hogg and Matthias Inverardi -Nivea-maker Beiersdorf’s shares fell 10% on Wednesday after the company lowered its 2025 sales growth forecast late on Tuesday and warned of difficult market conditions. Economic volatility and “consumer anxiety” stemming from U.S. President Donald Trump’s tariff policies and an uncertain economic outlook is encouraging shoppers to watch their …
Nivea-maker Beiersdorf’s shares fall on lower sales forecast Read More »
By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi di Siena on Wednesday raised its profit forecast for the year after much higher than expected second-quarter profit and said it was determined to buy bigger rival Mediobanca. Monte dei Paschi’s (MPS) 16 billion euro ($19 billion) all-share buyout offer for Mediobanca, which runs until September …
Mediobanca suitor Monte dei Paschi raises outlook after strong quarter Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Siemens Energy expects to hit the upper end of its 2025 growth outlook range, it said on Wednesday, as its wind turbine division and strong demand for equipment in the U.S. have reduced the impact of import tariffs. The company, which makes around a fifth of its sales …
Siemens Energy targets upper end of outlook as US demand outweighs tariffs Read More »
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -The CEO of Commerzbank, who is fending off a potential takeover by UniCredit, criticised the Italian lender’s holding on Wednesday as “not ideal” due to the direct competition in Germany between the two banks. UniCredit has amassed a 20.2% equity stake in the German lender as it …
Commerzbank CEO criticises UniCredit stake as Italian lender pushes tie-up Read More »
By Pratima Desai and Polina Devitt LONDON (Reuters) -Glencore has decided against moving its UK listing to the United States, the global miner and trader said on Wednesday, as it reported a 14% drop in first-half earnings due to weaker coal prices and lower copper production, and an increase in net debt. The decision will …
Glencore sticks with UK listing for now, profits drop Read More »
BERLIN (Reuters) -Nearly 60% of German companies expect the European Union’s trade deal with the United States to create more burdens for them through higher tariffs and more bureaucracy, a survey said on Wednesday. That number rises to 74% for companies with a direct U.S. business, according to a flash survey by the German Chamber …
Nearly 60% of German firms expect EU-US deal to burden them more, finds DIHK Read More »
By David Milliken LONDON (Reuters) -Activity in Britain’s construction sector fell by the most in more than five years last month, according to a survey that raises questions about whether the government will achieve its target of building 1.5 million homes by mid-2029. S&P Global’s monthly purchasing managers’ index for the construction sector fell to …
UK construction activity falls by most in five years, survey shows Read More »
MILAN (Reuters) -Italian lender BPER Banca reported a 29.5% year-on-year rise in first-half net profit on Wednesday, driven by strong fee income and it raised its standalone full-year revenue guidance. Shares in Italy’s fourth-largest bank rose more than 2% with some analysts citing better-than-expected results. BPER recently completed a 5.44 billion euro takeover bid for …
Italian bank BPER profit jumps, raises guidance ahead of Sondrio integration Read More »
