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Italy Dec industry output rebounds slightly more than forecast at end of weak year
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Hermes set to raise prices again as booming sales outpace rivals
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Roche cutting 345 jobs in product development – media
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Kering to put more money into reviving Gucci brand
European shares inch higher on earnings boost; Maersk drops
Date: February 8, 2024
European shares inch higher on earnings boost; Maersk drops By Shristi Achar A (Reuters) -European shares edged higher on Thursday, propped up by strong performances from consumer staples stocks including Unilever, while losses in shipping giant Maersk and drugmaker AstraZeneca following results kept gains in check. The pan-European STOXX 600 index rose 0.3%, as of...
Iceland volcano erupts again, molten rocks spew from fissures
Date: February 8, 2024
Iceland volcano erupts again, molten rocks spew from fissures OSLO (Reuters) -A volcano erupted on Thursday in southwest Iceland for the second time this year, the country’s meteorological office said, making it the sixth outbreak on the Reykjanes peninsula since 2021. Live video from the area showed fountains of bright-orange molten rock spewing from fissures...
SoftBank posts first profit in five quarters with $6.6 billion net income
Date: February 8, 2024
SoftBank posts first profit in five quarters with $6.6 billion net income By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group returned to profit for the first time in five quarters on Thursday, as the Japanese tech investment firm was buoyed by an upturn in portfolio companies, sparking hope it was emerging from a period of...
Swisscom profit rises on Fastweb growth, declines comment on Vodafone talks
Date: February 8, 2024
Swisscom profit rises on Fastweb growth, declines comment on Vodafone talks By Mateusz Dobrzyniewski and Anastasiia Kozlova (Reuters) -Swisscom met expectations with a 4.9% rise in full-year core profit on Thursday boosted by growth in its Fastweb business in Italy. Fastweb is seeing accelerating growth in its customer base, with revenue from both business and...
Vontobel to take additional cost-cutting measures as profit falls
Date: February 8, 2024
Vontobel to take additional cost-cutting measures as profit falls ZURICH (Reuters) -Vontobel Holding saw its full-year net profit fall 6.5%, the Swiss private bank and asset manager said on Thursday, as it vowed to take additional measures to cut annual costs by 100 million Swiss francs. Group net profit fell to 215 million Swiss francs...
Siemens profit ahead of forecast despite digital sector orders fall
Date: February 8, 2024
Siemens profit ahead of forecast despite digital sector orders fall By John Revill ZURICH (Reuters) -Siemens reported first-quarter profit slightly ahead of expectations on Thursday despite the German engineering group seeing a slowdown at its flagship factory automation unit. Digital Industries, which supplies companies with software and controllers to operate their production lines, saw new...