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French asset manager Amundi posts Q3 outflows of $13 billion
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EU approves effective ban on new fossil fuel cars from 2035
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Swedish Match continues to see strong smoke-free sales growth
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Porsche posts 40% jump in nine-month operating profit
Analysis-European retailers are on investors’ naughty lists this Christmas
Date: October 28, 2022
By Joice Alves LONDON (Reuters) – The Christmas shopping period is unlikely to bring relief to European retailers that sell anything from running shoes to handbags as the cost-of-living crisis squeezes consumers and shrinks disposable income. The holiday season is traditionally a high point for the retail sector but even Europe’s big names are warning...
Lights maker Signify cuts annual outlook on lower consumer demand, China woes
Date: October 28, 2022
(Reuters) -Signify, the world’s biggest maker of lights, cut its full-year profit margin and sales guidance on Friday, hit by lower consumer demand and a slowdown in China amid uncertain growth outlook. “We have shifted gears to adapt the company to a structurally weaker external environment in the coming quarters, when current headwinds and volatility...
Equinor posts record profit boosted by soaring gas
Date: October 28, 2022
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Equinor on Friday posted forecast-beating record profits for the third quarter driven by all-time-high European gas prices amid the Ukraine war, and said it would raise its dividend payment while reducing full-year output guidance. The oil and gas producer’s adjusted earnings before tax for July-September rose...
European Union hopeful of striking energy deal with Argentina soon
Date: October 28, 2022
BUENOS AIRES (Reuters) – The European Union said on Thursday that it hopes to sign an energy memorandum of understanding with Argentina “soon,” as the region looks to tackle energy supply issues triggered by the war in Ukraine. The EU’s foreign policy chief, Josep Borrell, told journalists during a visit to the southern country that...
South Korea has not supplied lethal weapons to Ukraine, president says
Date: October 28, 2022
SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Friday Seoul has not provided any lethal weapons to Ukraine, after Russian President Vladimir Putin said such a decision would destroy their bilateral relations. Putin made the remark at a conference in Moscow on Thursday, accusing the West of inciting the war in Ukraine. “We...
Universal Music Q3 earnings beat expectations, streaming growth slows
Date: October 28, 2022
AMSTERDAM (Reuters) -Universal Music Group NV (UMG), the largest record label, on Thursday reported better than expected third-quarter core earnings due to a legal settlement, though streaming revenue growth slowed. The company said top sellers in the quarter included Korean pop band BTS, BLACKPINK, Ado, INI and Morgan Wallen. Adjusted earnings before interest, taxes, depreciation...