By Anna Peverieri (Reuters) -French train maker Alstom on Wednesday reported slightly higher-than-expected sales for its first quarter, driven by the ramp-up of projects in Germany and continued execution of undertakings in France, the U.S. and Italy. Alstom’s shares rose 2.3% by 0730 GMT. Alstom, which makes trains and signalling systems for urban and regional …
France’s Alstom tops market estimates on first-quarter sales Read More »
(Reuters) -Europe’s largest utility Iberdrola hired investment bank Barclays to sell 15 renewable power plants in Mexico to exit the country, Spanish news website El Confidencial reported on Wednesday, citing unnamed sources close to the operation. Iberdrola’s assets are worth about 4 billion euros ($4.70 billion), El Confidencial said, adding that the utility seeks to …
LONDON (Reuters) -British retailer Marks & Spencer’s food business saw sales growth slow further to 4.3% year-on-year over the 12 weeks to July 12, reflecting the disruption that followed a cyberattack in April, industry data showed on Wednesday. Researcher NielsenIQ said M&S’ grocery sales growth slowed from 9.1% in last month’s report and 10.8% in …
M&S’ food sales growth slows again after cyberattack, says NielsenIQ Read More »
By Mimosa Spencer PARIS (Reuters) -LVMH and Kering are expected to report another drop in quarterly sales, deepening investor worries about a prolonged downturn in the $400 billion luxury market as brands face the threat of hefty U.S. import tariffs. The results, kicking off with LVMH on Thursday, will likely show that any revival in …
Luxury heavyweights struggle to shake off shopper fatigue Read More »
(Reuters) -Swiss bank EFG International’s net profit rose 36% year-on-year to a record 221.2 million Swiss francs ($278.8 million) in the first half, boosted by a 45.4 million franc net contribution from an insurance recovery, it said on Wednesday. Excluding this one-time effect, profit grew by 8% to 175.8 million francs, the bank added in …
EFG International posts record profit, anticipates better than expected 2025 Read More »
(Reuters) -TotalEnergies and French shipping group CMA CGM have launched a joint venture to operate a liquefied natural gas (LNG) bunker supply solution at the Dutch port of Rotterdam, the French oil major said on Wednesday. Europe is looking at importing more LGN from the U.S. amid tariff talks and as it tries to cut …
TotalEnergies, CMA CGM launch LNG bunkering logistics JV in Rotterdam Read More »
(Reuters) -Zara founder Amancio Ortega’s investment vehicle Pontegadea Inversiones has agreed to acquire a 49% stake in PD Ports from Brookfield Asset Management, the British ports and logistics company said on Tuesday. Brookfield will remain invested in the business as a long-term shareholder, PD Ports said without disclosing the terms of the deal. PD Ports …
Billionaire Ortega buys stake in UK’s PD Ports from Brookfield Read More »
By Anna Peverieri (Reuters) -French defence and aerospace group Thales raised its 2025 sales growth forecast on Wednesday after posting higher first-half sales and profit amid higher military spending in Europe. Europe’s largest defence electronics firm also said its widely watched adjusted operating profit rose 12.7% on a comparable basis to 1.25 billion euros, fractionally …
Thales raises 2025 sales growth forecast on strong defence demand Read More »
(Reuters) -The private equity owners of Shawbrook Bank are moving forward with plans for the 2 billion pounds ($2.71 billion) initial public offering in London this year, the Financial Times reported on Wednesday. BC Partners and Pollen Street Capital, which own the British specialist lender Shawbrook, are preparing to list the company in London as …
Business lender Shawbrook aims for UK listing this year, FT reports Read More »
(Reuters) -British insurer Prudential has kicked off the search for a successor to chair Shriti Vadera, the Financial Times reported on Wednesday, citing people familiar with the matter. Reuters could not immediately verify the report. Prudential did not immediately respond to a Reuters request for comment. The FT report said Vadera is not expected to …
Prudential begins search to replace chair Shriti Vadera, FT reports Read More »
