By Pushkala Aripaka (Reuters) -A slowdown in the London Stock Exchange Group’s recurring revenue growth sent the company’s shares down 2% on Thursday despite plans for a share buyback of up to 1 billion pounds ($1.33 billion) after a rise in first-half profit. LSEG, which operates the London Stock Exchange and supplies data and analytics, …
LSEG’s slowing subscription growth clouds interim profit rise Read More »
By Maria Martinez and Miranda Murray BERLIN (Reuters) -The number of people out of work in Germany rose significantly less than expected in July and the unemployment rate remained unchanged, but economists warned that economic weakness will take its toll in the labour market in the months ahead. The number of unemployed increased by 2,000 …
German unemployment rises significantly less than expected in July Read More »
By Raechel Thankam Job (Reuters) -British consumer healthcare group Haleon cut its annual revenue growth forecast on Thursday after first-half growth missed expectations due to a U.S.-led demand slowdown in North America, sending its shares down as much as 5%. Weak consumer confidence and competition from rivals in the United States, Haleon’s biggest market, have …
UK’s Haleon cuts revenue growth forecast on weak North America demand Read More »
By John Revill ZURICH (Reuters) -Holcim became the latest Swiss company to see the strong Swiss franc take a bite out of its figures when the building materials maker reported on Thursday its first earnings since separating its North American business. The Swiss cement and roofing products maker posted a drop in second-quarter sales in …
Strong franc takes bite out of cement maker Holcim’s earnings Read More »
(Reuters) -British wealth manager St James’s Place said on Thursday its net inflows doubled to 3.8 billion pounds ($5.04 billion) in the first half of the year, helped by rising demand for financial advice and renewed foreign interest in the UK markets. Money managers in the UK have continued to back the domestic market as …
UK’s St James’s Place doubles half-yearly inflows to $5 billion Read More »
LONDON (Reuters) -British clothing retailer Next raised its annual profit outlook for the third time in five months after reporting better-than-expected second-quarter sales, benefiting from warm weather and disruption at cyberattack-hit rival Marks & Spencer. The group, often considered a useful gauge of how British consumers are faring, said on Thursday full-price sales in its …
UK’s Next sales boosted by warm weather and M&S cyber disruption Read More »
(Reuters) -Euronext has offered to buy Hellenic Exchanges – Athens Stock Exchange (ATHEX) in a 412.8 million euro ($472.7 million) all-share deal, it said on Thursday. The offer proposes a fixed conversion rate of 20 ATHEX ordinary shares for each new Euronext share, valuing ATHEX shares at 7.14 euros each, based on Euronext’s closing price …
Euronext launches all-share offer for Athens stock exchange Read More »
By Paul Sandle LONDON (Reuters) -British aero-engineer Rolls-Royce raised its full-year outlook for both operating profit and free cash flow on Thursday after it navigated supply chain challenges and tariffs to deliver a strong first half. The company, whose engines power Airbus’s widebody planes and some Boeing 787s, increased the top end of its operating …
Rolls-Royce raises profit and cash flow outlook after strong H1 Read More »
MILAN (Reuters) -Italy’s antitrust authority has given unconditional approval to Poste Italiane’s acquisition of an additional 15% stake in Telecom Italia (TIM) from France’s Vivendi, two sources familiar with the matter said on Thursday. The deal makes Poste Italiane the single largest shareholder in TIM with a 24.8% stake. The Italian competition watchdog, TIM and …
Antitrust clears Poste Italiane’s Telecom Italia stake purchase, say sources Read More »
By Leo Marchandon (Reuters) -European satellite company SES reported second-quarter sales and core earnings above market expectations and confirmed its 2025 guidance on Thursday, buoyed by its strong backlog of government contracts. “We have a robust pipeline of Government opportunities supported by increased defence spending in Europe,” CEO Abdel Al-Saleh said in a statement. It …
Satellite group SES beats forecasts as defence spending rises in Europe Read More »
