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Oil rises almost 2% as markets await OPEC+ decision
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German government needs TikTok, Scholz says, as AfD surges in polls
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China approves plan aimed at spurring investment and spending
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Stocks hold at record highs as traders bet on rate cuts
Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook
Date: March 1, 2024
Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook By Lina Golovnya (Reuters) – Belgian postal operator Bpost, which also distributes newspapers, reported a decline in full-year operating profit on Friday, and did not provide an outlook for 2024, citing “discussions with press stakeholders”. The group’s shares fell as much as 5.2%...
Strikes bring public transport to near standstill across Germany
Date: March 1, 2024
Strikes bring public transport to near standstill across Germany BERLIN (Reuters) – Buses, trams and underground trains stood idle across most of Germany on Friday at the culmination of a week of staggered public transport strikes triggered by disputes over working hours. The walkouts, organised by the Verdi union, have hit 14 of the country’s...
Rightmove plans to expand non-core businesses; shares fall on customer outlook
Date: March 1, 2024
Rightmove plans to expand non-core businesses; shares fall on customer outlook By Aby Jose Koilparambil (Reuters) -Property portal Rightmove plans to grow its non-core businesses, such as commercial real estate, as the group forecast a drop in 2024 customer numbers, sending its shares down sharply. The company, which charges estate agents and homebuilders a fee...
M&A may breathe new life into Europe’s neglected telecoms
Date: March 1, 2024
M&A may breathe new life into Europe’s neglected telecoms By Danilo Masoni MILAN (Reuters) – A series of potential deals across Europe’s fragmented telecoms industry has put the battered sector in the spotlight, as consolidation could help boost profit margins. European telecoms stocks are at fresh record lows relative to the market after years of...
Acerinox sees steel market improving after 2023 profit more than halves
Date: March 1, 2024
Acerinox sees steel market improving after 2023 profit more than halves (Corrects net profit fell 58%, not 68%, in paragraph 2) By Matteo Allievi and Natalia Siniawski (Reuters) -Spanish steelmaker Acerinox said on Thursday it expects demand for steel to start recovering in coming months after its net profit more than halved last year. Net...
Equities gain on in-line US inflation, Treasury yields dip
Date: March 1, 2024
Equities gain on in-line US inflation, Treasury yields dip By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -The S&P 500 and Nasdaq closed at record highs and the global equity index advanced on Thursday after a much anticipated U.S. inflation reading provided little surprise for relieved investors and helped push U.S. Treasury yields lower....