By John Revill ZURICH (Reuters) -Holcim shareholders backed the separation and spinoff of the cement maker’s North American business on Wednesday to enable greater focus and benefits from ramped up construction spending in the United States. Nearly all shareholders voted for the separation at the company’s AGM in Zug, which will lead to the creation …
Holcim shareholders approve spinoff, grumble over chairman’s pay Read More »
By Anna Peverieri (Reuters) -France’s Alstom is in talks about supplying high-speed double-decker trains for use through the Channel Tunnel, but no contract has been signed yet, the train maker said on Wednesday. Contacted by Reuters, a company spokesperson confirmed the talks but did not name any of the operators involved, citing the confidential nature …
Alstom confirms talks over Channel Tunnel trains, says no deal signed yet Read More »
MADRID (Reuters) -European Central Bank policymaker Joachim Nagel on Wednesday underlined the role of the U.S. dollar as a reserve currency for the global system that was needed, though he also expected the euro to become stronger in that same role over the next few years. “The dollar is very important for the world financial …
ECB’s Nagel says stronger U.S. dollar is still needed Read More »
(Reuters) – Goldman Sachs and Barclays raised their forecasts for Europe’s STOXX 600 index on Wednesday, after a string of cuts last month, as renewed optimism following the U.S.-China trade truce lifted investor sentiment and eased concerns over a global recession. Goldman lifted its 12-month target for the benchmark to 570 points from 520, while …
Barclays, Goldman raise STOXX 600 targets as trade truce eases recession fears Read More »
By Amir Orusov and Ilona Wissenbach (Reuters) -Daimler Truck, one of the world’s biggest truckmakers, told analysts on Wednesday that second-quarter orders in its Trucks North America segment will be roughly on par with the first quarter levels. Late on Tuesday, the company cut its full-year operating profit and revenue forecast, reflecting lower expectations for …
Daimler Truck expects Q2 North American orders to be roughly on Q1 levels Read More »
By Anna Pruchnicka (Reuters) -Parcel locker company InPost on Wednesday reported better than expected first-quarter core earnings and hiked its revenue and volume forecasts to reflect a recent acquisition in Britain. InPost, which operates across nine countries including its home base Poland, is best known for its automated parcel machines, or APMs, that allow customers …
Parcel locker company InPost hikes revenue, volume guidance after Yodel deal Read More »
By Michal Aleksandrowicz (Reuters) -French construction-to-telecoms group Bouygues posted better-than-expected first-quarter core earnings on Wednesday, driven by strong performances of its energy arm Equans, construction and telecom units. The company acquired Equans from French power group Engie in late 2022, as it sought to grow in the energy transition and services. Bouygues reported quarterly current …
Bouygues’ energy, construction businesses drive better-than-expected earnings Read More »
By Marleen Kaesebier and Joanna Plucinska (Reuters) -Europe’s largest travel operator TUI flagged a 1% drop in summer bookings on Wednesday, helping knock its shares down more than 10%. TUI, which maintained its 2025 outlook, blamed the shift in summer bookings on a later Easter, which impacted most airlines’ January to March reporting – though …
TUI posts slowdown in summer bookings, knocking shares down 10% Read More »
COLOGNE (Reuters) -Workers at Ford’s two car plants in the German city of Cologne went on strike on Wednesday, protesting thousands of planned job cuts across the U.S. automaker’s European operations. The cuts at Ford reflect a broader shake-up in the car sector as companies like Volkswagen, Nissan and General Motors axe jobs in response …
Workers strike in protest against job cuts at Ford Germany Read More »
BERLIN (Reuters) -The German economy ministry said on Wednesday that uncertainty in trade and economic activity would remain elevated, citing the United States’ unclear policy on tariffs. The uncertainty is affecting not just global trade, but is also having a negative impact on global production and investment activity, the ministry said in its monthly report. …
Tariff uncertainty affecting global trade, investments, Germany says Read More »
