FRANKFURT (Reuters) -The euro zone economy grew slower in the first quarter than initially estimated but employment held up well, indicating that the bloc keeps creating jobs despite years of anaemic expansion, data from Eurostat showed on Thursday. Gross domestic product in the first three months grew by 0.3%, below an initial estimate for 0.4%, …
Euro zone growth downgraded but employment holding up Read More »
By Anastasiia Kozlova and Ozan Ergenay (Reuters) -Swiss travel retailer Avolta’s first-quarter turnover rose 5.3% organically as strength in other regions offset softer growth in North America, it said on Thursday, confirming its full-year outlook. The company, which runs shops at airports, on cruise liners, in seaports and in other tourist locations worldwide, posted quarterly …
Avolta posts quarterly sales growth, shrugs off North America slowdown Read More »
PRAGUE (Reuters) -Czech electricity producer CEZ proposed a 47 crown ($2.11) per share dividend on Thursday, or 80% of last year’s profit, while reporting a smaller than expected decline in first-quarter net profit amid lower electricity prices. The dividend, watched by investors, is below the previous payment of 52 crowns per share, but at the …
CEZ proposes dividend at top of range, eyes investments Read More »
FRANKFURT (Reuters) -Industrial production in the 20-nation euro zone rose far more than predicted in March, indicating that the sector’s two-year recession may finally be coming to an end, data from Eurostat showed on Thursday. Output jumped 2.6% on the month, exceeding expectations for a 1.8% rise and the previous month’s 1.1% gain, as most …
Euro zone industrial output unexpectedly surges in March Read More »
By Dimitri Rhodes and Olivier Cherfan (Reuters) -Syensqo is speeding up its restructuring measures, which include cutting around 200 jobs, due to demand uncertainty caused by global economic turmoil, the chemicals maker said on Thursday. “We are navigating a time of great complexity and uncertainty, with geopolitical tension between the U.S. and China culminating in …
Belgium’s Syensqo to cut 200 jobs as trade tensions cloud demand Read More »
MILANO (Reuters) – Automaker Stellantis said on Thursday that the production of Maserati sports cars will be moved from Turin’s Mirafiori plant to Modena by the end of the year. Modena is the hometown of Maserati, a historic Italian brand that has been struggling and whose business plan, including new model launches, is under review …
Stellantis to return Maserati production to its Modena hometown Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp’s <TKAG.DE> operating profit plunged in the second quarter, hurt by what the German conglomerate said was high economic uncertainty among most of its customers and regions due to higher tariffs, notably in automotive and steel. Shares in the submarines-to-car parts group were 9.8% lower at …
Thyssenkrupp’s profit plunges as tariff uncertainty hits demand Read More »
LONDON (Reuters) -British finance minister Rachel Reeves on Thursday said there were clearly economic headwinds approaching, speaking after data showed Britain’s economy grew more strongly than expected in early 2025. “There’s clearly economic headwinds, and the world is changing. We can see that all around us, but we are a strong economy,” Reeves told reporters, …
UK finance minister Reeves: economic headwinds are coming Read More »
By Mathieu Rosemain PARIS (Reuters) -JPMorgan plans to open a new office in central Paris to accommodate 1,000 employees, it said on Thursday, as the Wall Street giant bets on further expansion in the French capital despite recent political instability and fiscal headwinds. The announcement comes after U.S. President Donald Trump’s slew of tariffs knocked …
JPMorgan to open new Paris office as headcount grows Read More »
(Reuters) – Ubisoft shares plunged around 20% on Thursday after the French video game maker said it would burn through more cash as it devotes extra time to developing some of its titles. “We have decided to provide additional development time to some of our biggest productions,” CEO Yves Guillemot said in an earnings statement …
Ubisoft shares drop as it uses more cash to develop games Read More »
