Business
Business
Mediobanca Shares Slide 7% Following Revenue Miss
Business
German Tv Customer Losses Hit Vodafone
Business
SoftBank Swings Back to Quarterly Profit With $7.7 Billion Gain
Business
AstraZeneca Lifts 2024 Revenue and Profit Forecast After Q3 Beat
CEOs of European Chip Makers Concerned About Nationalist Industrial Policies
Date: November 12, 2024
By Toby Sterling MUNICH (Reuters) -The CEOs of Europe’s three biggest computer chip makers on Monday said that demands by the U.S., Chinese and European governments that each region have its own semiconductor production are a worsening obstacle to business. In a rare joint appearance following the election of Donald Trump to the U.S. presidency...
Walmart, Other US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
Date: November 11, 2024
By Richa Naidu, Aishwarya Venugopal, Siddharth Cavale (Reuters) -Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season. Walmart, the...
Asterion Agrees to Sell Data Centre Operator Nabiax to Aermont
Date: November 11, 2024
(Reuters) – Spanish infrastructure investment fund Asterion Industrial Partners and Telefonica agreed to sell Spanish data centre operator Nabiax to European asset manager Aermont Capital, the companies said on Monday in a joint statement. Nabiax owns two centres in Madrid and one in Barcelona with a combined installed power of 35 Megawatts. Asterion owns 80%...
German Regulator Sets Stamp Price Guidelines, Shrugging Off Dhl Protest
Date: November 11, 2024
DUESSELDORF (Reuters) – Germany’s network regulator confirmed its guidelines for the pricing of postage stamps on Monday, refusing to go beyond its proposed ranges despite protest by the national operator Deutsche Post, owned by logistics group DHL. “I cannot understand Post’s demand for an even greater increase. The costs that Post has presented to us...
Schroders’ New CEO Shakes up Top Team After Bruising Year
Date: November 11, 2024
LONDON (Reuters) – New Schroders CEO Richard Oldfield has more than halved the size of the asset manager’s executive team as he looks to reboot performance after a string of disappointing earnings updates and big ticket client exits. Former finance chief Oldfield takes over from long-standing boss Peter Harrison who retired on Friday, and in...
Moncler Repeats It Won’t Comment on ‘unsubstantiated Rumors’ About Burberry
Date: November 11, 2024
MILAN (Reuters) – Italy’s Moncler on Monday reiterated it would not comment “on unsubstantiated rumors”, when asked about a Daily Mail report about a possible takeover by the luxury outerwear maker for British luxury brand Burberry. Shares in Burberry rose 3% in early trade after the Daily Mail reported that the British label was close...