By Tom Sims FRANKFURT (Reuters) -German commercial property prices rose 2.3% in the first quarter, the VDP banking association said on Monday, marking a second consecutive quarter of modest gains after years of declines. The increase was bigger than the 0.5% gain in the fourth quarter of last year, which was the first quarterly increase …
German commercial property prices start year with gains Read More »
BERLIN (Reuters) -The number of foreign investments in Germany fell for the third year in a row in 2024, international economic promotion agency Germany Trade & Invest (GTAI) said on Monday. Last year there were 1,724 new establishments and expansions, down from 1,759 projects in 2023 – a 2% year-on-year decline – 1,783 in 2022 …
Foreign investment in Germany fell for the third year in a row in 2024 Read More »
By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) – Bernard Arnault’s son Alexandre has been handed a daunting task: reviving LVMH’s worst-performing unit, the famed Moet Hennessy drinks business, in the midst of a tariff war. If successful, the 33-year old could gain a leg up in the closely watched succession contest among five siblings …
Moet Hennessy woes test Alexandre Arnault’s credentials Read More »
MADRID (Reuters) – Spanish telecoms company Telefonica has hired Citi as an adviser to sell its Chilean business, news website El Confidencial reported on Monday, citing unidentified market sources. Telefonica would book a capital loss on the sale, the news website added. Telefonica has withdrawn from many markets in Spanish-speaking Latin American countries where returns …
Telefonica hires Citi to sell Chilean business, El Confidencial reports Read More »
(Reuters) -Amigo Holdings on Monday said that Kerry Penfold will immediately step down as CEO, at a time when the British sub-prime lender is looking for a buyer to take over its stock market listing as it winds down its business. Nicholas Beal, Amigo’s Chief Restructuring Officer, will take over Penfold’s responsibilities alongside his own. …
MADRID (Reuters) -Spanish defence company Indra sent a non-binding offer for Italian group Iveco’s defence business, newspaper El Economista reported on Monday, citing unidentified market sources. Iveco’s unit, which assembles armoured military vehicles, is worth about 1 billion euros ($1.12 billion), El Economista reported. Indra and Iveco did not immediately respond to requests for comment. …
Spain’s Indra seeks to buy Iveco’s defence business, El Economista reports Read More »
COPENHAGEN (Reuters) -Norway said on Monday Norwegian Air would pay back half of a convertible loan to the state, and that the remainder of the state’s shares in the loan would be converted into shares in the airline. The government said in a statement its stake in the airline would after the conversion total 6.37%. …
Norway converts part of loan to stake in Norwegian Air Read More »
By Bernadette Hogg and Isabel Demetz (Reuters) -Salzgitter reported first-quarter results below analysts’ expectations on Monday, as subdued economic developments in Europe, and especially Germany, weighed on its steel production and steel processing businesses. “The economic environment was anything but supportive,” Chief Financial Officer Birgit Potrafki said in a statement. The German steelmaker’s quarterly core …
Salzgitter’s results hit by subdued economic environment in Europe, tariff threat looms Read More »
(Reuters) -British online trading platform IG Group said on Monday its annual results would meet or slightly exceed the upper end of the market’s consensus range, as market volatility due to U.S. tariffs spurred trading in the fourth quarter. “Elevated volatility across a range of asset classes, particularly in April, has resulted in higher levels …
IG Group says annual results may exceed view as tariffs boost trading Read More »
GDANSK (Reuters) -Bank Millennium, the Polish arm of Portugal’s Millennium bcp, reported a 40% rise in its first-quarter net profit on Monday, thanks to higher net interest income and lower costs related to its foreign currency mortgage portfolio. The bank’s net profit reached 179 million zlotys ($47.5 million) in the first quarter, slightly exceeding analysts’ …
Bank Millennium posts 40% jump in quarterly net profit as FX mortgage provisions decline Read More »
