By Corina Pons MADRID (Reuters) – Motorway and airports operator Ferrovial had a surprise first-quarter revenue bump from freight traffic on toll roads in the United States and Canada, probably related to imports in anticipation of sweeping U.S. tariffs, its CFO told Reuters. The Spanish company’s revenue surge despite adverse winter weather follows a wider …
Ferrovial highway revenue boosted by pre-tariff US traffic Read More »
By James Davey and Paul Sandle LONDON (Reuters) -A “highly sophisticated and targeted” cyberattack will cost Marks & Spencer about 300 million pounds ($403 million) in lost operating profit, and disruption to online services is likely until July, the British retailer said on Wednesday. The attack on one of the biggest names on the UK …
M&S’ $400 million cyberattack upheaval to linger into July Read More »
OSLO (Reuters) -Wage talks involving some 7,500 oil drilling workers in Norway broke down on Wednesday, employers and three labour unions said, raising the risk of strike action later this year that could disrupt exploration. The talks between the Norwegian Shipowners’ Association (NSA) and the Safe, Styrke and DSO labour unions will resume at a …
Norway’s oil drilling unions seek wage mediation to avert strike Read More »
ROME (Reuters) -In Italy, long burdened by slow economic growth, the number of companies using artificial intelligence is limited compared to other European Union countries, according to figures released on Wednesday by national statistics bureau ISTAT. In its wide-ranging annual report, ISTAT said that only eight out of 100 Italian enterprises were using AI last …
Just 8% of Italian enterprises using AI, many people lack digital know-how Read More »
ZURICH (Reuters) -Switzerland’s price watchdog has ordered Booking.com to lower its prices in the country, finding that the online travel agency’s commission rates for hotels are “abusively high,” the supervisory body said on Wednesday. In accordance with the order, Booking.com must reduce its commission rates for Swiss hotels by almost a quarter, the watchdog said …
Swiss price watchdog orders Booking.com to lower prices Read More »
By Samuel Indyk and Lucy Raitano LONDON/GDANSK (Reuters) -News and data company Bloomberg said its systems were returning to normal on Wednesday after a brief disruption earlier in the day that delayed numerous government bond sales and affected customer activity. “Our systems are returning to normal operations and Terminal functionality has been restored following a …
Bloomberg terminal back up after outage affects European bond sales Read More »
By Sarah Young LONDON (Reuters) -Thames Water, at the centre of a public backlash against Britain’s privatised water industry, has halted a bonus scheme for its executives after ministers objected to the payouts. The company, which is Britain’s biggest water supplier with 16 million customers, has been struggling with billions of pounds of debt. It …
Thames Water halts bosses’ bonuses after ministers object Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) -Paris has been named as the new European tech champion, beating London for the first time on some metrics, according to data from Dealroom, which collects information on startups and venture capital firms. Between 2017 and 2024, the combined enterprise value of Paris startups increased 5.3 times, compared with 4.2 …
Paris named as Europe’s leading tech ecosystem, beating London Read More »
By Andy Bruce and William Schomberg (Reuters) -Britain suffered a bigger-than-expected inflation surge in April, prompting investors to bet on the Bank of England slowing its already gradual pace of interest rate cuts. The annual inflation rate hit 3.5% in April, its highest reading since January 2024. The increase from 2.6% in March was the …
UK inflation jumps in April, raising prospect of BoE rate cut delay Read More »
MILAN (Reuters) -LVMH-owned Dior has agreed a number of remedies to settle an Italian competition authority investigation into whether the luxury brand and two of its units misled consumers with their statements about working conditions at its suppliers. The antitrust body said on Wednesday that the pledges made by Dior were an appropriate remedy for …
Dior agrees remedies to close Italian antitrust body’s investigation Read More »
