By Francesca Landini MILAN (Reuters) -Italian energy group Eni may increase its share buyback programme later this year if positive trends in the first half continue, Chief Executive Claudio Descalzi said while discussing second-quarter earnings results. The company reported a 25% year-on-year drop in its second-quarter adjusted net profit, as lower oil prices and a …
Italy’s Eni considers increasing share buyback, CEO says Read More »
LONDON (Reuters) -The United Kingdom’s Supreme Court will give its long-awaited ruling on motor finance commissions, which will inform a potentially multi-billion pound consumer redress scheme, on August 1, the court announced on Friday. British lender Close Brothers and South Africa’s FirstRand are seeking to overturn a landmark Court of Appeal judgment, which said brokers …
UK Supreme Court to rule on motor finance commissions on August 1 Read More »
(Corrects shareholding in paragraph 13, Mitsubishi is no longer a shareholder, Angelo Mastrolia controls 68% not 75%) MILAN (Reuters) -Carrefour, Europe’s biggest food retailer, has agreed to sell its Italian business to local company NewPrinces. WHAT DOES NEWPRINCES DO? NewPrinces, formerly known as Newlat, manufactures products such as pasta, milk, bakery and dairy products, and …
How did NewPrinces grow from a small milk business to buying Carrefour Italy Read More »
By Mateusz Rabiega PARIS (Reuters) -Shares in French luxury group LVMH rose on Friday after the group reported quarterly results, with analysts pointing to hopes on the horizon as the group said it saw some signs of recovery in the key Chinese market. LVMH’s quarterly sales for products like Louis Vuitton handbags, Dior dresses and …
LVMH shares rise after mixed bag results with ‘glimmers of hope’ Read More »
LONDON (Reuters) -French insurer AXA won a London court ruling on Friday worth nearly 675 million pounds ($908 million) against Santander over the mis-selling of payment protection insurance more than two decades ago. The dispute between AXA and Santander centred on PPI policies sold before 2005 by GE Capital Bank, formerly part of General Electric …
AXA wins $908 million UK court ruling against Santander over protection insurance Read More »
By Rachel More BERLIN (Reuters) -Europe’s largest car manufacturer Volkswagen is hoping investment commitments can help it negotiate further concessions on U.S. tariffs once Washington and the European Union strike a broad trade deal, CEO Oliver Blume told investors on Friday. As they wait for the outcome of trade talks between the U.S. and the …
Volkswagen CEO hopes for own tariff deal with ‘attractive’ investments Read More »
By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) -Spanish telecom giant Telefonica is in exclusive talks to sell its Mexican business to Beyond ONE, the owner of Virgin Mobile Mexico, three sources with knowledge of the negotiations said. The Spanish company has accelerated plans to reduce its exposure in Spanish-speaking Latin America, where profitability is lower …
Telefonica in exclusive talks to sell its Mexican unit to Beyond ONE, sources say Read More »
(Reuters) -Aerospace group Thales Alenia Space (TAS) and Italian Space Agency ASI said on Friday they have signed a contract to develop the first human lunar outpost, an important step in the NASA-led Artemis moon exploration programme. The Artemis project views the lunar surface as a testing ground for later missions to Mars. It has …
Thales Alenia Space and Italian Space Agency to develop first human outpost on the moon Read More »
By Helen Reid LONDON (Reuters) -Puma faces a dilemma in the United States: after rushing shipments from Asia to beat incoming tariffs, the German sportswear brand is now discounting to clear stock, while planning to lift prices this year to offset rising costs. The conflicting pressures reflect a broader challenge for retailers trying to make …
Puma inventory headache highlights US tariff dilemma for retailers Read More »
By Charlotte Van Campenhout BRUSSELS (Reuters) -Belgium is reconsidering its role in the European Future Combat Air System (FCAS) following sharp criticism of the country’s procurement policy from Dassault Aviation CEO Eric Trappier, a Defence Ministry spokesperson confirmed on Friday. Trappier slammed the country’s push for full partner status in FCAS – whose primary industrial …
Belgium reconsiders FCAS role after Dassault CEO slams F-35 purchase Read More »
