By Marleen Kaesebier and Mimosa Spencer (Reuters) -Swiss luxury group Richemont reported a 6% rise in quarterly sales on Wednesday, lifted by strong demand for jewellery from its Cartier and Van Cleef & Arpels brands, even as the broader luxury market slows. Sales for the first quarter to the end of June increased by 6% …
Richemont reports 6% rise in sales as jewellery defies luxury slowdown Read More »
DUBAI (Reuters) -Abu Dhabi National Oil Company said on Wednesday it plans to transfer its 24.9% shareholding in Austria’s OMV AG to its XRG investment unit ahead of the establishment of a chemicals company combining existing OMV and ADNOC firms. ADNOC last year bought a 24.9% stake in OMV from Abu Dhabi sovereign wealth fund …
Abu Dhabi’s ADNOC plans to transfer 24.9% stake in OMV to XRG unit Read More »
(Reuters) -London-focused flexible office-space provider Workspace reported on Wednesday a drop in quarterly occupancy, as larger customers vacated its properties, and warned that another major customer’s exit will lead to further decline in the second quarter. Workspace has seen property valuations decline since the pandemic, as businesses ditched larger office spaces and opted for hybrid …
UK’s Workspace posts lower first-quarter occupancy as large clients exit Read More »
LONDON (Reuters) -Chilean miner Antofagasta said on Wednesday its copper production rose 11% to 314,900 metric tons in the first half of 2025, on higher production from its two concentrators. The London-listed company left guidance for full-year copper output unchanged between 660,000 and 700,000 tons. In 2024, it produced 664,000 tons of copper. It said …
Antofagasta’s copper output up 11% in first half Read More »
STOCKHOLM (Reuters) -Swedish bank SEB reported a smaller-than-expected drop in second-quarter profit on Wednesday, as continued growth in lending and deposit volumes partially offset the impact of lower interest rates. Net profit fell to 8.25 billion crowns ($849.5 million) from 9.42 billion crowns seen last year, against a mean forecast of 7.64 billion crowns in …
Swedish bank SEB’s quarterly profit tops estimates as lending, deposits grow Read More »
(Reuters) -Italian tech firm Exein said on Wednesday a pick up in European defence spending was supporting its domestic growth, as it closed a funding round aimed at global expansion. The startup, which provides embedded cybersecurity on small devices including chips, is planning to expand its range of products as countries and businesses move away …
Italian cybersecurity firm Exein sees defence boost as it closes funding round Read More »
SINGAPORE (Reuters) -Airlines may be reluctant to take delivery of aircraft due to the ongoing uncertainty around U.S. tariffs and their impact on the cost of the planes, International Air Transport Association Director-General Willie Walsh said on Wednesday. “It’s not just going to be a major Boeing and Airbus issue. It’ll impact all aspects of …
Airlines may be reluctant to take aircraft deliveries on tariff uncertainty, IATA says Read More »
By Svea Herbst-Bayliss and Prakhar Srivastava (Reuters) -Activist hedge fund Elliott Investment Management has built a sizable stake in Global Payments , less than three months after the financial technology company inked one of the year’s biggest acquisitions for payment processing company Worldpay, a person familiar with the matter said on Tuesday. The size of …
Elliott builds stake in Global Payments after Worldpay deal, source says Read More »
LONDON (Reuters) -The British government on Tuesday made changes to its main scheme for promoting clean energy projects, extending contract lengths and changing how auction budgets are set in a bid to accelerate the roll-out of renewable energy. Offshore wind is at the heart of Britain’s plans to decarbonise its electricity sector by 2030. It …
Britain reforms energy scheme to accelerate clean power projects Read More »
By William Schomberg, Tommy Reggiori Wilkes and David Milliken LONDON (Reuters) -British finance minister Rachel Reeves pledged on Tuesday to ease regulation further and announced measures to boost the finance sector, including reforming requirements for banks to separate retail and investment banking activities and a plan to get more savers investing in stocks. Under pressure …
UK’s Reeves vows to ease more rules to lift ‘boot on the neck’ off business Read More »
