BARCELONA (Reuters) -Spain’s Cellnex, Europe’s largest mobile phone tower operator, said on Thursday its adjusted first-half core earnings rose 1.7% to 1.6 billion euros ($1.83 billion) and its net loss narrowed by more than three times from a year ago. With revenues up by about 1% at 1.94 billion euros, Cellnex also reiterated its full-year …
Cellnex’s first-half core earnings rise 1.7%, net loss narrows Read More »
By Shadia Nasralla LONDON (Reuters) -Shell’s second-quarter net profit tumbled by almost a third on Thursday, dragged down by a drop in oil prices, lower gas trading results and outage-related losses from its chemicals operations, but it still easily beat analysts’ forecasts. The oil major said it would maintain the pace of its share buyback …
Shell profit drops by almost a third on lower prices, but beats expectations Read More »
By Jakob Van Calster and Mateusz Rabiega (Reuters) -Euronext on Thursday reported quarterly results that beat consensus as continued market volatility spurred trading volumes and investors flocked to Europe seeing the bloc’s relative stability as a safe haven. Revenues hit a fresh record of 465.8 million euros ($531.7 million) with the group’s net profit clocking …
Euronext beats estimates with double digit growth Read More »
MILAN (Reuters) -Ferrari shares fell more than 12% on Thursday, setting the stock for its biggest one-day drop since its listing nine years ago, even as the luxury sports car maker maintained its guidance, although it said it would cut back prices in the U.S.. Citi analysts said that although Ferrari continued to deliver solid …
Ferrari shares slump 12% in biggest drop since 2016 listing Read More »
By Bhanvi Satija (Reuters) -Drugmaker Sanofi said on Thursday it believes the impact from U.S. tariffs to be manageable as it raised its sales growth expectations for the year, banking on expanded demand for its anti-inflammatory drug Dupixent to treat more conditions. The French firm now expects annual sales growth in the high single-digits at …
Sanofi sees ‘manageable’ impact from US tariffs, expects strong sales growth Read More »
By Giulio Piovaccari and Keith Weir MILAN (Reuters) -Luxury sports-car maker Ferrari could trim a premium introduced in April for some cars sold in the United States once the lower 15% tariff for European imports takes effect, it said on Thursday. The company also said it was more confident in its financial forecasts for the …
Ferrari has scope to trim US premium after EU tariff deal Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday. Under a framework trade deal the U.S. and EU agreed on Sunday, …
EU considers pooling demand from companies to buy more US gas Read More »
BUCHAREST (Reuters) -Romania will be able to draw roughly 21.6 billion euros ($24.65 billion) worth of EU recovery funds after it concluded negotiations with Brussels on required reforms and deadlines, EU Funds Minister Dragos Pislaru said on Thursday. Romania has so far tapped roughly 9 billion euros out of an initial package of 28.5 billion …
Romania cuts EU-funded recovery funds package to 21.6 billion euros Read More »
By Terje Solsvik and Nora Buli OSLO (Reuters) -OpenAI is launching its first Stargate data centre project in Europe, partnering with developer Nscale Global Holdings and investment group Aker ASA to open a $1-billion facility in Norway next year, the companies said on Thursday. The artificial intelligence partnership, called Stargate Norway, will initially install 100,000 …
OpenAI to build its first European data centre in Norway, with partners Read More »
LONDON (Reuters) -Tariff-related price hikes may start to bite at the end of the third quarter as companies may by then have sold off U.S. stockpiles built up ahead of the new duties, according to the International Chamber of Commerce. Businesses making everything from cars to drugs and cheese and wine have expedited deliveries to …
