Business
Business
China’s Sinopec Signs Agreement for 15-yr Lng Deal With TotalEnergies
Business
Mideast Tensions Top Risk Facing Energy Markets, Says Bp CEO
Business
Prysmian Signs Deal With TechnipFMC for Floating Offshore Wind Facilities
Business
Burberry Shares Jump on Moncler Bid Report
Spanish Manufacturing Grows in October at Fastest Pace in More Than 2 Years, PMI Shows
Date: November 4, 2024
MADRID (Reuters) – Spanish manufacturing activity picked up again in October, showing its strongest growth in more than two years, with output, new orders and new hiring all rising, a survey showed on Monday. The HCOB Purchasing Managers’ Index (PMI) for Spain’s manufacturing sector, compiled by S&P Global, rose to 54.5 in October from 53.0...
Volvo Cars October Sales Rise 3% Year-On-Year
Date: November 4, 2024
COPENHAGEN (Reuters) -Volvo Cars’ sales rose 3% year-on-year in October to 61,686 cars driven primarily by an increase in sales of electric and plug-in hybrid models in Europe, the Sweden-based automaker said on Monday. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement sales in Europe, its biggest market, were up...
Schneider Electric Ousts CEO Peter Herweck
Date: November 4, 2024
(Reuters) – Schneider Electric said on Monday its board of directors had decided to remove CEO Peter Herweck from office with immediate effect, citing “divergences in the execution of the company roadmap”. Herweck, who had been the CEO since May 2023, will be replaced by Olivier Blum, current chief of Schneider’s energy management business....
PostNL’s CEO to Step Down in April 2025
Date: November 4, 2024
(Reuters) – PostNL said on Monday that CEO Herna Verhagen had decided to step down after the Dutch postal operator’s annual general meeting on April 15, 2025. She will be replaced by current Chief Financial Officer Pim Berendsen. PostNL also lowered its normalised operating profit guidance for 2024, and now sees it at around 80...
M&g Buys Stake in European Property Firm as It Bets on Turnaround
Date: November 4, 2024
By Iain Withers LONDON (Reuters) – British insurer and asset manager M&G has bought a majority stake in European real estate investor BauMont, as it prepares to buy up more commercial property in anticipation of a market recovery. M&G told Reuters it had acquired a 65% stake in BauMont Real Estate Capital, an 18-strong property...
Ryanair H1 Profit Falls 18% on Lower Fares, but Price Weakness Moderating
Date: November 4, 2024
By Conor Humphries DUBLIN (Reuters) -Budget airline Ryanair said on Monday that average fares fell 10% in the six months ended September, leading to an 18% year-on-year fall in first-half profit, but its current quarter bookings looked strong and ticket price weakness was moderating. After-tax profit for the first half of Ryanair’s financial year was...