By Pranav Kashyap and Noel Randewich (Reuters) -Microsoft hit $4 trillion in stock market value on Thursday, becoming the second publicly traded company after Nvidia to surpass that milestone following a blockbuster earnings report that showed its massive bets on AI are paying off. Strong results from Microsoft and Meta Platforms late on Thursday also …
Microsoft reaches $4 trillion valuation after solid results Read More »
By Pietro Lombardi MADRID (Reuters) -Spanish water and renewable energy company Cox has agreed to buy Iberdrola’s assets in Mexico in a deal valuing the business at $4.2 billion including debt, the companies said on Thursday. The deal is part of Cox’s strategy to pursue growth through acquisitions, while it strengthens Iberdrola’s financial muscle as …
Spain’s Cox buys Iberdrola’s Mexican assets in $4.2 billion deal Read More »
LONDON (Reuters) -Fertiliser company EuroChem, founded by Russian billionaire Andrey Melnichenko, on Thursday lost its London lawsuit against Societe Generale and ING over 212 million euros ($243 million) of bond payments. EuroChem sued the banks in August 2022 after they refused to pay under the bonds that were issued in relation to the construction of …
EuroChem loses $243 million UK lawsuit against SocGen and ING due to sanctions Read More »
By Twesha Dikshit, Johann M Cherian and Ragini Mathur (Reuters) -European shares closed at a more than one-week low on Thursday, as investors were disappointed by a series of corporate reports from the likes of Sanofi and Ferrari, while beverage makers slid as they were faced with a 15% U.S. tariff. Earnings were in full …
European stocks end at over one-week low; beverage makers hurt by US tariffs Read More »
MILAN (Reuters) -Italian utility Enel reported a 1% year-on-year rise in its ordinary core profit in the first half, when stripping out asset sales, and said it would launch a share buyback worth up to 1 billion euros later this year. Ordinary earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 11.5 billion …
Italy’s Enel profit edges higher in H1, launches up to 1 billion euro buyback Read More »
(Reuters) -Italian tyremaker Pirelli trimmed its 2025 revenue forecast on Thursday due to the expected impact of adverse currency movements. The company lowered its guidance to a range of around 6.7-6.8 billion euros ($7.66-7.78 billion) from its previous target of around 6.8-7.0 billion euros. Pirelli said that adverse currency movements accounted for a 2.9% revenue …
Pirelli trims 2025 revenue guidance due to forex impact Read More »
MILAN (Reuters) -A Milan court ordered the house arrest on Thursday of a number of local figures and the imprisonment of another as part of investigations into planning permits that have led to a construction freeze in Italy’s financial capital. A court statement said judge Mattia Fiorentini ordered the house arrest of the former councillor …
Judge orders house arrest for Coima boss and others in Milan property probe Read More »
ATHENS (Reuters) -Greek lender Eurobank, the country’s largest by market capitalisation, said on Thursday that it will distribute an interim dividend of 170 million euros after announcing a strong profit for the first half of the year. The bank reported adjusted net earnings for the January-June period of 711 million euros ($812.96 million), slightly down …
Eurobank to distribute interim dividend after strong first half Read More »
(Reuters) -British equities closed mixed on Thursday, as investors assessed a spate of corporate earnings and looked for potential trade deals before the August 1 tariff deadline expires. The blue-chip FTSE 100 fell 0.05%. However the index posted its best month in six. The domestically focused midcap FTSE 250 index rose 0.9% and logged its …
UK stocks mixed; FTSE 100 marks best month in six Read More »
(Reuters) -Italian luxury group Salvatore Ferragamo said it had put in place a plan to revive sales and relaunch its brand as it deals with eroding consumer demand and macroeconomic certainty. The Florentine group, currently without a chief executive after the exit of Marco Gobbetti in March, posted a first-half adjusted net loss of 16 …
