PARIS (Reuters) -Carmaker Stellantis plans to stop diesel engine production at its Douvrin plant, in northern France, in November, a company spokesperson said on Wednesday. Stellantis also plans to halt all combustion engine production at the plant in coming months, sources said. (Reporting by Gilles Guillaaume, Writing by Dominique Vidalon)
By Joanna Plucinska and Shashwat Awasthi (Reuters) -Wizz Air missed first-quarter profit estimates on Thursday as the budget airline struggles with plane groundings and warned that grounded jets would return to service a year later than expected. The company’s shares were down 3.5% by 0734 GMT. It said existing problems with RTX-owned Pratt & Whitney …
Wizz Air misses profit estimates, delays return of grounded jets Read More »
By Lawrence White LONDON (Reuters) -Lloyds Banking Group reported an estimate-beating 5% increase in first-half profit on Thursday, driven by higher income from mortgages and unsecured consumer lending, but said corporate defaults rose in one sector. The British lender said that statutory profit before tax for the first six months of the year was 3.5 …
Britain’s Lloyds reports forecast-beating 5% rise in first-half profit Read More »
By Padraic Halpin DUBLIN (Reuters) -Global leasing giant Avolon said on Thursday it was ordering 75 A321neo and 15 A330neo aircraft from Airbus, bringing the number of aircraft it is due to receive from the European planemaker over the next eight years to 413. Dublin-based Avolon, the world’s second-largest aircraft lessor, said the order included …
Lessor Avolon orders 90 Airbus aircraft to bring total on order above 400 Read More »
By Isabel Demetz and Maria Rugamer (Reuters) -German engine manufacturer MTU Aero Engines reported a 41% rise in second quarter operating profit on Thursday, beating market estimates, driven by strong sales in its spare parts and commercial maintenance businesses. The Airbus and Boeing supplier said its adjusted earnings before interest and taxes were 357 million …
MTU Aero Engines profit jumps 40% on strong demand for spare parts, maintenance Read More »
By Sarah Young LONDON (Reuters) -British broadcaster ITV said its first-half performance beat forecasts, boosted by better-than-expected total advertising revenue, and strong content demand at its Studios business, pushing its shares higher. ITV is Britain’s biggest free-to-air commercial broadcaster, with two divisions, Media and Entertainment, which includes its broadcast channels and streaming service ITVX, while …
UK’s ITV half-year comes in ahead on advertising beat, shares rise Read More »
By Mathieu Rosemain PARIS (Reuters) -France’s BNP Paribas forecast a strong rebound in its retail banking division for the second half of the year, soothing investor concerns on Thursday with tight cost control and a smaller-than-expected drop in quarterly profit. The euro zone’s biggest bank by assets said it expected second-half revenue to rise more …
BNP Paribas sees strong retail recovery, cushions profit fall Read More »
By James Davey LONDON (Reuters) -Vodafone said it is close to returning to growth in Germany, its biggest market, as the mobile operator reported a tick up in first-quarter group organic service revenue growth. Vodafone has struggled in Germany since it was tripped up by a change in the rules on selling cable television to …
Vodafone says close to returning to growth in Germany Read More »
By Jesús Aguado MADRID (Reuters) -Spain’s Sabadell pledged on Thursday to boost profits and payouts for shareholders, including from the recently-agreed sale of UK arm TSB, as the bank set out its case to remain independent in the face of a hostile bid from bigger rival BBVA. Spain’s fourth-largest lender by market value, trying to …
Sabadell vows higher profits and payouts as it battles BBVA bid Read More »
MOSCOW (Reuters) -The Russian rouble’s 45% rise against the U.S. dollar since the start of the year has made it one of the world’s best performing currencies – but the sharp appreciation is proving to be a double-edged sword for the heavily sanctioned Russian economy. The strength of the rouble means that dollar-denominated energy revenues …
Explainer-Why the Russian rouble is outperforming and what it means Read More »
