Baillie Gifford funds bought more shares of China’s Pinduoduo, NIO in Q3
By Summer Zhen HONG KONG (Reuters) – Baillie Gifford, one of the largest asset managers in Europe and a China bull in recent yea..
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U.S. climate envoy Kerry: King Charles at COP27 would be ‘very powerful’
LONDON (Reuters) – It would be “very powerful” if King Charles attended the COP27 climate summit in Egypt, U.S. spec..
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French asset manager Amundi posts Q3 outflows of $13 billion
By Carolyn Cohn LONDON (Reuters) -Amundi posted net outflows of 12.9 billion euros ($12.86 billion) in the third quarter, the French a..
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Swedish Match continues to see strong smoke-free sales growth
(Reuters) -Nicotine and tobacco products group Swedish Match on Friday reported third-quarter operating profit in line with forecasts ..
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Porsche posts 40% jump in nine-month operating profit
BERLIN (Reuters) -Porsche reported a 40.6% leap in operating profit to more than 5 billion euros ($4.99 billion) on revenue up 15.7% i..
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Analysis-European retailers are on investors’ naughty lists this Christmas
By Joice Alves LONDON (Reuters) – The Christmas shopping period is unlikely to bring relief to European retailers that sell anyt..
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Lights maker Signify cuts annual outlook on lower consumer demand, China woes
(Reuters) -Signify, the world’s biggest maker of lights, cut its full-year profit margin and sales guidance on Friday, hit by lo..
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Equinor posts record profit boosted by soaring gas
By Nerijus Adomaitis and Nora Buli OSLO (Reuters) – Equinor on Friday posted forecast-beating record profits for the third quart..
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South Korea has not supplied lethal weapons to Ukraine, president says
SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Friday Seoul has not provided any lethal weapons to Ukraine, afte..
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Universal Music Q3 earnings beat expectations, streaming growth slows
AMSTERDAM (Reuters) -Universal Music Group NV (UMG), the largest record label, on Thursday reported better than expected third-quarter..
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Food group Danone raises 2022 outlook as third-quarter sales beat expectations
By Dominique Vidalon PARIS (Reuters) – French food group Danone on Thursday raised its 2022 revenue growth forecast after its th..
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French unions unanimously sign wage agreement with EDF, company says
PARIS (Reuters) – France’s EDF has formally signed a wage agreement for its workers in the country with all unions present..
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ECB raises interest rates again, cuts bank subsidies
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank raised interest rates again on Thursday a..
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Unilever downbeat on Europe, China consumer sentiment
By Richa Naidu LONDON (Reuters) -Unilever Plc on Thursday gave a dire assessment of consumer sentiment in Europe and China, two of its..
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Capgemini ‘comfortable’ with top end 2022 targets but sees demand slowing
By Dagmarah Mackos (Reuters) -French IT consulting group Capgemini sees demand slowing in 2023 but expects results at the top end of g..
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Oil rises on strong crude demand, despite China fears
By Alex Lawler LONDON (Reuters) -Oil rose on Thursday, extending a rally of nearly 3% in the previous session, as optimism over record..
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Britain’s car output drops 6% as supply woes persist
(Reuters) – British car production dropped 6% in September, an industry body said on Thursday, as the sector continues to bear t..
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Hotel group Accor continues post-COVID recovery after a ‘gorgeous’ summer
By Diana Mandia and Dina Kartit (Reuters) – Europe’s biggest hotel group Accor reported higher than expected third-quarter..
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Macron, Scholz plaster over differences with smiles and a handshake
By Michel Rose PARIS (Reuters) – French President Emmanuel Macron and German Chancellor Olaf Scholz met in Paris with smiles and..
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Italy’s windfall tax on energy companies needs to be rewritten – PM
ROME (Reuters) – Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices..
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Heathrow Airport says return to pre-pandemic demand years away
LONDON (Reuters) -Britain’s biggest airport Heathrow reported a nine-month loss of 442 million pounds ($507 million) and warned ..
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Twitter shares cruise towards Musk’s offer price as deal deadline looms
By Medha Singh (Reuters) – Twitter Inc’s stock inched closer to Elon Musk’s $54.20 per share buyout offer for the mi..
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France’s Dassault Systemes shares slump on reduced licence target
By Karol Badohal GDANSK (Reuters) -French software maker Dassault Systemes’ shares dropped more than 5% on Wednesday, erasing Tu..
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A Beginner’s Guide to Real-Estate Investing
By Charles Bulthuis, CRE Broker and the President & Founder of Reformation Asset Management There’s a..
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Technology
Funding for the North Sea can be a win for investors and our energy security
Funding for the North Sea can be a win for investors and our energy security
By Steve Brown, the CEO of Orcadian Energy Debate is raging in the United Kingdom over the future of oil and gas development in the Nort..
Technology
Factbox-European gas prices: why have they been falling?
By Nina Chestney LONDON (Reuters) – European benchmark gas prices have been steadily declining over the past few months to near ..
Headlines
European banks cash in on rising rates as clouds gather
By Tom Sims, John O’Donnell and Jesús Aguado FRANKFURT (Reuters) – Some of Europe’s largest banks warned of growing ..
Finance
Young Greeks priced out as inflation, rents soar
By George Georgiopoulos and Lefteris Papadimas ATHENS (Reuters) – Like many young Greeks trying to live within their means, Chri..
Finance
Mercedes-Benz lifts profit forecast as luxury cars boom
By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz raised its full-year profit forecast on Wednesday as strong demand for luxury ca..
Business
StanChart surprises with 40% profit jump, ups income goal on rising rates
By Anshuman Daga and Lawrence White SINGAPORE (Reuters) -Standard Chartered’s third-quarter profit surged 40% as higher interest..
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Puma confirms full-year outlook, flags market volatility
By Alexander Hübner and Joice Alves BERLIN/LONDON (Reuters) – Shares in Puma fell 1.75% on Wednesday after the company confirmed..
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HSBC’s direction in question after Elhedery’s sprint to CEO contender
By Lawrence White, Sinead Cruise and Anshuman Daga LONDON/SINGAPORE (Reuters) -Georges Elhedery’s appointment as HSBC’s ch..
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Alphabet’s miss fans inflation fears across digital advertising
By Sheila Dang and Eva Mathews (Reuters) -Google parent Alphabet Inc’s disappointing ad sales sparked worries across the digital..
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UK’s Sunak plans to meet Biden in G20 summit
(Reuters) – British Prime Minister Rishi Sunak spoke with U.S. President Joe Biden on Tuesday evening and they are set to meet i..
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UK PM Sunak’s office says ‘the hard work begins now’
LONDON (Reuters) – British Prime Minister Rishi Sunak is now ready to face the hard work of government after appointing his seni..
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Apple says issues with iMessage, FaceTime resolved
(Reuters) – Apple Inc said on Tuesday issues that had caused a brief outage in its iMessage service and video calling app FaceTi..
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Xerox shares slide as annual revenue, cash flow forecasts take a hit
(Reuters) – Xerox Holdings Inc’s shares plunged about 25% to 13-year lows on Tuesday after the photocopy maker slashed its..
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