(Reuters) -German retail sales rose more than expected in June, increasing by 1.0% compared with the previous month, data showed on Wednesday. Analysts polled by Reuters had predicted a 0.5% increase. The federal statistics office publishes more details on its website. (Reporting by Bernadette Hogg, Editing by Miranda Murray)
MILAN (Reuters) -Banco BPM, Italy’s third-largest, is looking at potential merger and acquisition deals and has several options on the table, its CEO Giuseppe Castagna told Italian daily La Stampa. “It will be an agreed choice,” Castagna said in an interview published on Wednesday. Referring to potential options, Castagna said that Banca Monte dei Paschi …
Italy’s Banco BPM looking at potential merger and acquisition deals, CEO says Read More »
By Alan Baldwin LONDON (Reuters) -British financial technology giant Revolut will become title partner of the Audi Formula One team from next season in a “monumental” multi-year deal, both parties announced on Wednesday. The fast-growing London-based fintech company was valued at $45 billion last year through a secondary share sale to new and existing investors. …
Motor racing-Revolut to become title partner of Audi F1 team Read More »
MILAN (Reuters) -Italian luxury sports car maker Lamborghini said on Wednesday its operating income fell slightly in the first half even as it delivered record numbers of cars to customers, as currency effects weighed on its bottom line. Operating income stood at 431 million euros ($497 million) in the January to June period versus 458 …
Lamborghini’s half-year operating profit slips on currency effects Read More »
By Olivier Cherfan (Reuters) -Just Eat Takeaway said on Wednesday its full-year earnings would likely be on the lower end of a previously forecast range, and reported a marginal fall in first-half revenue. Europe’s biggest food delivery company by revenue posted first-half sales of 1.75 billion euros ($2.02 billion), down about 1% on a constant …
Just Eat Takeaway warns of challenging full-year outlook amid Prosus deal talks Read More »
BERLIN (Reuters) -BASF said on Wednesday it expects demand for chemical products to grow less strongly than previously expected due to a deteriorating global economy. The volatility caused by U.S. President Donald Trump’s tariffs policy and the general unpredictability of the U.S. government’s decisions were fueling uncertainty and had an indirect effect on the German …
BASF warns of weaker chemical demand amid US tariff effects Read More »
MADRID (Reuters) -Spanish construction giant Ferrovial reported on late on Tuesday a rise of 30% in first-half profit as its toll road business in the United States and Canada continued to deliver strong revenues. Net income soared to 540 million euros ($623.92 million), up from 414 million euros during the same period a year ago. …
Ferrovial’s first-half profit rises 30% buoyed by U.S. highways Read More »
By Leo Marchandon (Reuters) -Worldline expects a low single-digit percentage decline in organic revenue during 2025 following a “challenging” first half, the French digital payments company said on Wednesday. The Paris-based company guided towards adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of between 825 and 875 million euro ($1 billion) this year. “There …
Wordline forecasts decline in 2025 organic revenue Read More »
(Reuters) -Australia’s Star Entertainment on Wednesday reported a deeper quarterly loss sequentially, underscoring the prolonged pressure on the casino operator from regulatory crackdowns and the shift to mandatory carded play. The embattled gaming group posted a fourth-quarter loss before interest, taxes, depreciation, and amortization of A$27 million ($17.58 million), compared with a loss of A$24 …
Star Entertainment posts wider loss as regulatory squeeze, carded play weigh Read More »
By Renju Jose and Lucy Craymer WELLINGTON (Reuters) -New Zealand has approved government-owned Kiwibank’s parent company raising up to NZ$500 million ($298 million) as it looks to compete with Australian banks that dominate its banking sector, Finance Minister Nicola Willis said on Wednesday. “(This) is the first step towards giving Kiwibank access to the capital …
New Zealand government-owned Kiwibank to raise up $298 million Read More »
