LONDON (Reuters) – The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump’s tariffs weigh on global economic growth. Here’s what Bank of England officials said in a press conference following that decision: ANDREW BAILEY, BANK …
Bank of England policymakers speak after rate cut Read More »
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) will continue to explore the possibility of a tie-up with French-owned rival Iliad as it still believes consolidation is needed to make Italy’s telecoms sector sustainable, Chief Executive Pietro Labriola said on Thursday. “We will continue to pursue the possibility of a deal with Iliad,” Labriola told …
Telecom Italia to continue exploring potential tie-up with Iliad Read More »
MUNICH (Reuters) -The German insurer Allianz is open to forming cooperations for its asset management business, board member Andreas Wimmer told shareholders on Thursday. Last year, Reuters reported that the insurer was weighing options for its Allianz Global Investors (AGI) unit, including a possible merger or partial sale of the division. Wimmer, speaking at the …
Allianz open to cooperations on asset management, board member says Read More »
By Bartosz Dabrowski, Matthias Inverardi (Reuters) -Germany’s Henkel pointed to weaker consumer sentiment in North America as it reported a 1.0% fall in first-quarter sales on Thursday, below market expectations. Henkel has been grappling with weakness in industrial sectors such as automotive and electronics, alongside sluggish demand for personal and home care products amid subdued …
Persil-owner Henkel takes hit from weak US consumer sentiment Read More »
By Javi West Larrañaga (Reuters) -Spanish steelmaker Acerinox said on Thursday it expects to benefit from “deglobalisation” and increased trade barriers, though tariff-related uncertainties hurt the company’s first-quarter results. Acerinox has a unique position in the industry, Chief Corporate Officer Miguel Ferrandis said on a conference call, as producing in three different continents gives it …
‘Deglobalisation’ is an opportunity, Acerinox says Read More »
LONDON (Reuters) -The pound rose on Thursday, after the Bank of England delivered a widely expected cut to interest rates, just as Britain was poised to strike a deal with the United States on trade. The BoE cut its main rate by a quarter point to 4.25%, despite an unexpected three-way split among policymakers as …
Sterling rises even as BoE cuts rates, Britain poised for US trade deal Read More »
(Reuters) – Arm shares sank 9% in premarket trading on Thursday after the chip technology provider issued a weak revenue forecast and joined other semiconductor companies in warning about a hit from tariffs-driven economic uncertainty. The move aligns Arm with companies such as Apple and Advanced Micro Devices, which have flagged additional costs due to …
Arm shares slump as weak forecasts fuel investor worries Read More »
By Lawrence White LONDON (Reuters) – Standard Chartered on Thursday sought to reassure investors that its business can cope with disruption to global trade after pressure on the trade-focused bank’s share price following U.S. President Donald Trump’s tariffs announcements. “Whilst an escalating trade war would impact global growth and our markets, we believe our network …
StanChart says its trade business resilient to Trump tariff disruption Read More »
By Helen Reid LONDON (Reuters) – German sportswear brand Puma has reduced the amount of merchandise it ships to the United States from China to adapt its supply chain to tariffs, and could increase prices in the U.S., the chief financial officer said on Thursday. Puma is in a transition period, having replaced its CEO …
Sports brand Puma adapts supply chain for China tariffs impact, hints at US price hikes Read More »
By Paolo Laudani (Reuters) -German aerospace group OHB said on Thursday it is on a hiring spree to support its growth ambitions in the defence sector. “These are good times. We’re growing. We’re hiring people,” CEO Marco Fuchs told analysts in a call after the release of quarterly results. The satellite maker’s home country Germany …
Germany’s OHB seeks to hire to underpin growth ambitions in defence Read More »
