By Niklas Pollard STOCKHOLM (Reuters) -Swedish defence material maker Saab beat second-quarter operating earnings forecasts on Friday and raised its guidance on expectations of even stronger sales this year as European military spending surges. The news sent Saab’s shares up 6% in early trading. The maker of the Gripen fighter jet said in a statement …
Defence group Saab beats profit forecast, raises 2025 outlook Read More »
By Amanda Cooper and Lucy Raitano LONDON (Reuters) -Britain’s stock market finally appears to be reversing years of underperformance against the rest of Europe, as a UK/U.S. trade deal, lighter regulation and cheap stocks deliver juicy returns that are starting to attract foreign investors. The FTSE 100 has gained nearly 10% this year to hit …
Analysis-Foreign investors are warming to London’s unloved stocks Read More »
COPENHAGEN (Reuters) -Denmark’s biggest lender Danske Bank reported second-quarter net profit broadly in line with expectations on Friday, driven by good customer activity and strong credit quality. Danske said its net profit fell to 5.45 billion Danish crowns ($848.26 million) in the second quarter from 5.84 billion a year earlier, broadly in line with the …
Danske Bank Q2 net profit broadly meets forecast amid market volatility Read More »
By Alessandro Parodi (Reuters) -Swedish telecom operator Telia reported second-quarter core earnings above market expectations on Friday, aided by the sale of some assets as it focuses on key markets to reduce costs. Telia, which provides telecom services in the Nordic and Baltic countries, had been grappling with lower ad sales in its media business …
Telia’s earnings beat expectations as focus shifts to key markets Read More »
(Reuters) -Norwegian telecom operator Telenor reported second-quarter earnings that were above analysts’ expectations on Friday, benefiting from a strong performance in the Nordics. Telenor’s earnings before interest, tax, depreciation and amortisation (EBITDA) before other items rose to 9.32 billion Norwegian crowns ($907.21 million) from 8.79 billion a year earlier. Analysts, on average, had expected earnings …
(Reuters) -German producer prices fell in line with expectations in June, decreasing by 1.3% on the year, the federal statistics office reported on Friday. Analysts polled by Reuters had expected a 1.3% decline. The office publishes more detailed data on its website. (Reporting by Marleen Kaesebier in Gdansk, Editing by Rachel More)
BUDAPEST (Reuters) -The European Commission’s proposed new budget lacks clear strategic foundations and would ruin the European Union, Hungarian Prime Minister Viktor Orban told state radio on Friday. “This budget would ruin the European Union. This budget I believe will not survive even next year, the Commission will either have to withdraw it or the …
Hungary’s Orban says proposed new budget will ‘ruin the EU’ Read More »
A look at the day ahead in European and global markets from Stella Qiu Share markets continue to defy gravity. Wall Street closed at yet another record high as investors latched onto positive economic signals, spurring a rally in most Asian markets that looks set to continue in Europe. But a new source of worry …
Morning Bid: Stocks buoyant but Japan vote brings risk Read More »
By Carolina Mandl NEW YORK (Reuters) -Some top executives at Wall Street banks have been showing concern about higher inflation and potential deterioration of the U.S. economy as tariffs take effect, noting there has been more cautious behavior from corporate clients. “We have seen pauses in capex and hiring amongst our client base,” Citigroup’s Jane …
Wall Street CEOs see some tariff impact filtering into customer behavior Read More »
PRAGUE (Reuters) -Slovakia will stop blocking the approval of the 18th package of European Union sanctions against Russia on Friday, Prime Minister Robert Fico said. Fico said on Thursday Slovakia had achieved as much as it could at this point, after blocking the EU’s approval of the sanctions multiple times to demand guarantees against damages …
Slovakia to allow approval of new EU sanctions on Russia on Friday, PM Fico says Read More »
