By Nell Mackenzie and Anirban Sen LONDON, Dec 3 (Reuters) – Global hedge funds, including stock pickers, have generated returns of nearly 15% in 2025 to the end of November, according to a Goldman Sachs report, edging out several large multi-strategy hedge funds. In November, long and short funds braved a sharp selloff in technology …
Factbox-How hedge funds performed in a volatile November Read More »
MADRID, Dec 4 (Reuters) – Representatives of one of Spain’s largest unions, UGT, said on Thursday that faults discovered in Airbus fuselage panels made by Seville-based supplier Sofitec Aero were consistent with concerns about quality controls it had expressed to both firms. “We have been warning for over a year about possible quality issues,” said …
Spanish union says it warned of quality issues at local Airbus supplier Read More »
Dec 4 (Reuters) – UK stocks edged higher on Thursday, boosted by gains in industrials and financials shares, while investors assessed corporate updates and economic data ahead of the U.S. Federal Reserve’s rate decision next week. The blue-chip FTSE 100 closed 0.2% higher, while the midcap FTSE 250 added 0.3%. Aerospace and defence shares gained …
UK stocks rise on boost from industrials and financials Read More »
BERLIN, Dec 4 (Reuters) – German rail operator Deutsche Bahn, dogged by under-investment and delayed train services, is set to return to operating profit this year and next under its new CEO, according to sources close to the state-owned company. Following more than a decade of under-investment, state-owned Deutsche Bahn has started upgrading its tracks, …
Deutsche Bahn to return to profit this year and next, say sources Read More »
WASHINGTON, Dec 4 (Reuters) – The Trump administration on Thursday allowed transactions with Lukoil gas stations outside of Russia with a narrow waiver to sanctions the U.S. imposed in October for the role the company’s revenues play in supporting Moscow’s war in Ukraine. The transactions for about 2,000 stations throughout Europe, Central Asia, the Middle …
US okays transactions with Lukoil gas stations outside Russia through late April Read More »
(Corrects figure in headline to 72,509 from 72,502) Dec 4 (Reuters) – Chrysler parent Stellantis is recalling 72,509 Ram vehicles in the U.S. due to a software glitch in the instrument panel display that is causing it to go blank, the U.S. National Highway Traffic Safety Administration said citing a release submitted to the regulator on …
Stellantis to recall 72,509 US vehicles over software glitch, NHTSA says Read More »
By Foo Yun Chee, Mrinmay Dey and Rishabh Jaiswal BRUSSELS, Dec 4 (Reuters) – EU regulators launched an antitrust investigation into Meta Platforms on Thursday and may even temporarily halt its rollout of artificial intelligence features in its WhatsApp messenger that would block rivals, hardening Europe’s already tough stance on Big Tech. The move, reported …
EU hits Meta with antitrust probe over plans to block AI rivals from WhatsApp Read More »
PARIS, Dec 4 – Succession plans at luxury giant LVMH are seldom discussed within the controlling Arnault family, according to remarks by CEO Bernard Arnault’s wife published in France’s Liberation newspaper on Thursday. In corporate Europe, questions have long swirled around who will succeed France’s wealthiest man Arnault, 76, who is also chairman of LVMH …
Succession at LVMH? We don’t talk about it, says Arnault’s wife Read More »
By Karol Badohal WARSAW, Dec 4 (Reuters) – Poland’s central bank will probably move to a wait-and-see mode for a while now before making any further rate reductions, its governor Adam Glapinski said on Thursday, a day after cutting its main interest rate. The reduction by another 25 basis points to 4.00%, in line with …
Polish central bank likely going into wait-and-see mode after cut, governor says Read More »
LONDON, Dec 4 (Reuters) – A move by struggling British online fashion retailer Debenhams to push ahead with a new executive pay scheme without seeking approval from investors was “utterly disgraceful”, the finance chief of rival Frasers said on Thursday. Frasers is Debenhams’ biggest investor with a 29.7% stake. Last week, Debenhams said that one …
Debenhams’ new pay plan without vote ‘disgraceful’, says top investor Frasers Read More »
