By Emma Rumney LONDON (Reuters) -Brewer Anheuser-Busch InBev said on Thursday its second-quarter sales volumes fell more than expected due to weak demand in Brazil and China, adding to investor worries over industry growth and sending its shares to a five-month low. Shares in AB InBev, maker of brands including Corona and Stella Artois, were …
AB InBev shares tumble as sales slide in China and Brazil Read More »
By Nathan Gomes (Reuters) -Aptiv PLC forecast a bigger-than-expected annual adjusted profit on Thursday, banking on resilient demand for its auto parts despite U.S. tariffs and higher costs. U.S.-listed shares of the Dublin, Ireland-based company rose 1.5% in early trading. Strong demand from automakers for advanced driver-assistance features and infotainment systems has helped companies like …
Aptiv forecasts better-than-expected 2025 profit despite auto tariffs hit Read More »
By Valentina Za, Mathieu Rosemain and Giuseppe Fonte MILAN/PARIS (Reuters) -European bank CEOs studying M&A moves at a time when some EU governments want a say in any reshaping of their banking industry should look at the dealmaking playbook of Credit Agricole. The French group has become a key actor in Italy’s banking consolidation saga, …
Analysis-Credit Agricole’s ‘tortoise’ strategy pays off in Italy’s M&A contest Read More »
(Reuters) -Italian asset manager Azimut Holdings on Thursday almost tripled its full-year net inflow target on the back of strong momentum and recent acquisitions and disposals. The group raised its 2025 outlook to a range between 28 and 31 billion euros ($35.45 billion), from an initial guidance of 10 billion euros. It also upped its …
Italy’s Azimut almost triples 2025 net inflow target Read More »
By Jesús Aguado MADRID (Reuters) -BBVA aims for higher profits and capital distribution over the next four years based on underlying loan growth in its main markets Mexico and Spain, without taking into account the proposed Sabadell takeover deal, it said on Thursday. BBVA wants to reduce its reliance on emerging markets with its over …
Spain’s BBVA aims for higher profits even without Sabadell deal Read More »
By Jan Strupczewski and Julia Payne BRUSSELS (Reuters) -European wine and spirits will face a 15% U.S. import tariff until a different deal is agreed in talks expected to continue in the autumn, the European Commission and EU diplomats said on Thursday, dashing producers’ hopes of an immediate reprieve. A framework trade deal between Brussels …
EU wine, spirits to face 15% US tariff from August 1, EU says Read More »
(Reuters) -Norwegian Cruise Line Holdings signaled a demand rebound for its cruise vacations and maintained its annual profit target, sending its shares up 12% on Thursday. The company had earlier warned that geopolitical tensions and economic uncertainty around tariffs had weakened consumer spending on its premium vacations, particularly for its longer itineraries in Europe. The …
Norwegian Cruise maintains profit forecast as bookings rebound from soft start Read More »
By Maria Martinez BERLIN (Reuters) -German inflation fell slightly more than expected to 1.8% year- on-year in July, preliminary data from the federal statistics office showed on Thursday, another sign of easing price pressures in Europe’s biggest economy. Analysts polled by Reuters had forecast EU-harmonised inflation decreasing slightly to 1.9% from 2.0% the previous month. …
LONDON (Reuters) -A British government agency is providing a 1 billion pound export development guarantee to the UK arm of U.S. carmaker Ford, supporting the company’s long-term growth targets around the world. “This £1 billion loan guarantee is a major boost for Britain’s auto sector. It will help develop world-leading products, open new export markets, …
UK Export Finance guarantees 1 billion pound loan to Ford UK Read More »
By Tim Hepher, Forrest Crellin and Michel Rose PARIS (Reuters) -French aerospace group Safran has picked France as the location for a $500 million carbon brakes factory, beating rival bids from sites in the U.S. and Canada in a domestic investment buoyed by a shake-up at power giant EDF. Partially state-owned Safran, which builds jet …
Safran picks France for aerospace factory coveted by US, Canada Read More »
