MILAN (Reuters) -Italy’s BPER Banca, which has bid to buy rival Popolare di Sondrio, said net revenue would decline only slightly this year despite lower interest rates, with fee income helping to cushion the hit. Italy’s fourth-largest bank, which in February launched a 5 billion euro all-share bid for the Sondrio-based smaller rival, on Thursday …
Pop Sondrio suitor BPER says net fees to prop up revenues in 2025 Read More »
(Reuters) -British wealth manager Rathbones, on Thursday, reported net outflows and a fall in funds under management for the first quarter and said it would control costs to shield its profit from sustained market volatility. WHY IT’S IMPORTANT U.S. President Donald Trump’s erratic tariff policies have caused significant volatility in global markets, and companies across …
UK wealth manager Rathbones seeks cost controls as volatile markets pose risks Read More »
By Nora Eckert DETROIT (Reuters) -Ford Motor has hiked prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump’s tariffs. Prices on the Mustang Mach-E electric SUV, Maverick pickup and Bronco Sport will increase by as much as $2,000 …
Exclusive-Ford hikes prices on Mexico-produced models, citing tariffs Read More »
DUBLIN (Reuters) -AIB agreed on Thursday to proceed with a direct share buyback with the Irish state as its share price rose back above the agreed buyback price, allowing it to cut the government’s stake in the bank to 3.3% from just under 12%. AIB announced the 1.2-billion-euro ($1.35 billion) buyback in early March at …
AIB proceeds with buyback to cut government stake after shares rally Read More »
By James Davey LONDON (Reuters) -British clothing retailer Next nudged up its full year profit outlook for the second time in two months after first quarter full-price sales rose by a better-than-expected 11.4%, with a spell of warm weather boosting demand for summer ranges. However, the group, which is often seen as a useful gauge …
UK’s Next raises profit forecast but cautious on sales outlook Read More »
By Jeslyn Lerh and Trixie Yap SINGAPORE (Reuters) – Indonesia’s Karimun terminal has ramped up imports of Russian oil products to become a key transshipment hub where traders store cargoes whose countries of origin are rebranded before re-export, according to eight industry sources and ship-tracking data. Russian oil exports have shifted to Asia from Europe …
Indonesia’s Karimun terminal becomes key Russian oil hub, sources say Read More »
(Reuters) -British engineering firm Renishaw narrowed its full-year sales and profit outlook on Thursday, and said it will introduce a surcharge to pass on the additional costs brought on by U.S. tariffs. The United States makes up about 20% of Renishaw’s global revenue, and the company has factories in the UK, Ireland and India. WHY …
UK’s Renishaw narrows 2025 forecast, adds surcharge due to US tariffs Read More »
By Jagoda Darlak (Reuters) -Finnish stainless steel maker Outokumpu expects global uncertainties related to U.S. tariffs to impact its operating environment in the second quarter, after its core earnings met market expectations in the first. European steelmakers, already struggling with weak demand, costs and competition from cheaper Chinese imports, now face the additional challenge of …
Finland’s Outokumpu meets profit estimates amid muted demand, tariff uncertainty Read More »
By Manya Saini DUBAI (Reuters) -Emirates airline on Thursday reported a record full-year profit, bucking a broader global slowdown in air travel as it capitalized on Dubai’s growth as a hub for major routes. The strong performance underscores the carrier’s continued rebound from the pandemic and its strategic advantage operating out of Dubai, an expanding …
Emirates airline posts record annual profit, reflects Dubai’s growth as aviation hub Read More »
By Maria Martinez (Reuters) -German exports rose more than expected in March as U.S. demand increased in anticipation of U.S. tariffs and a gain in industrial production also beat expectations, potentially pointing to an improvement in the sluggish sector. Exports were up 1.1% in March over the previous month, data from the federal statistics office …
German exports, industrial production rose in March ahead of tariffs Read More »
