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Brembo Q1 operating profit rises on record sales
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Stocks stall near record highs, pound poised for BoE
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Spain’s BBVA turns hostile with $13 billion takeover bid for Sabadell
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ITV forecasts 12% jump in Q2 ad revenue on Euros demand
TIM CEO sees potential benefits of almost 5 billion euros from new business plan – paper
Date: May 9, 2024
TIM CEO sees potential benefits of almost 5 billion euros from new business plan – paper ROME (Reuters) – The CEO of Telecom Italia (TIM) said in an interview on Thursday he sees potential additional benefits of almost 5 billion euros ($5.37 billion) from a new business plan, adding they could in part be used...
Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey
Date: May 9, 2024
Platinum set for biggest deficit in a decade in 2024, says Johnson Matthey By Brijesh Patel (Reuters) – The platinum market faces its largest supply shortfall in 10 years in 2024 as shipments from Russia return to normal from last year’s highs and industrial demand stays firm, Johnson Matthey said in a report on Thursday....
Puma upbeat on growing demand, shares jump
Date: May 8, 2024
Puma upbeat on growing demand, shares jump By Linda Pasquini and Helen Reid (Reuters) -A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its order book for the rest of the year was looking “very good”, the German sportswear retailer said on Wednesday, helping lift its shares nearly 12%. Revamped...
FTSE 100 hits record high, pound slips ahead of BoE verdict
Date: May 8, 2024
FTSE 100 hits record high, pound slips ahead of BoE verdict By Pranav Kashyap, Shubham Batra and Khushi Singh (Reuters) -The UK’s FTSE 100 benchmark stock index scaled new highs on Wednesday following upbeat corporate updates while investors awaited the Bank of England’s interest rate verdict. The blue-chip FTSE 100 ended the session up 0.5%,...
Uber shares tumble as weaker ride-share demand hurts Q2 forecast
Date: May 8, 2024
Uber shares tumble as weaker ride-share demand hurts Q2 forecast By Yuvraj Malik (Reuters) -Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending its shares down 9% and putting the ride-share and food delivery company on course to shed more than $10 billion in market value. Uber’s disappointing forecast...
Oil prices rise after US crude stocks fall more than expected
Date: May 8, 2024
Oil prices rise after US crude stocks fall more than expected By Nicole Jao NEW YORK (Reuters) -Oil prices edged higher on Wednesday after U.S. oil storage data showed a larger-than-expected draw in crude stockpiles as refiners ramped up output ahead of the summer driving season. Brent crude oil futures increased 31 cents, or 0.37%,...