Breaking News: Europe
Europe stocks open higher; Volvo Cars sheds 10%, Porsche falls 7% after earnings
AstraZeneca shares fall despite earnings growth AstraZeneca’s production plant in Snackviken, Sweden. Roland Magnusson | iStock Editorial | Getty Images British pharmaceutical giant AstraZeneca was 4% lower shortly after the opening bell, after the company posted its first-quarter earnings update. On Tuesday morning, AstraZeneca reported a 10% year-on-year rise in total revenue, which hit $13.59 […]
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Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted […]
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Deutsche Bank posts 39% jump in first-quarter profit, above expectations
A sign for Deutsche Bank AG at a bank branch in the financial district of Frankfurt, Germany, on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images Germany’s largest lender Deutsche Bank on Tuesday posted higher-than-expected first-quarter profit on robust investment banking performance, as lenders in Europe’s largest economy navigate broader market turbulence instigated […]
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Europe markets set to open higher; Italy’s Mediobanca makes $7.2 billion bid for Banca Generali
Mediobanca puts in $7.2 billion takeover offer for Banca Generali The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025. Bloomberg | Bloomberg | Getty Images Italian lender Mediobanca on Monday made a public 6.3 billion euro ($7.17 billion) offer to buy domestic peer Banca Generali as it seeks […]
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European markets set to open higher as Wall Street notches three-day win streak
U.K. retail sales better than expected U.K. retail sales volumes rose for the third consecutive month in March by 0.4%, beating gloomy expectations of a 0.3% decline. Clothing and outdoor retailers said that good weather had boosted sales, according to the Office for National Statistics, offsetting a decline in supermarket sales. However, some economists expect […]
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Trump tells Putin to ‘STOP!’ Russian strikes on Kyiv
Trump’s message to Vladimir Putin came a day after the American president said he believed that “Russia is ready” for a peace deal with Ukraine. Source
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European stocks edge lower as relief rally stalls; Gucci owner Kering falls 4%
Delivery Hero shares fall despite ‘solid’ first-quarter results Delivery Hero reported “solid” first-quarter results, showing 5% growth in ecommerce sales. The company said gross merchandise value, its preferred measure looking at the total value of goods sold, rose to 12.37 billion euros ($14.08 billion) in the first quarter, slightly undershooting investors expectations of 12.38 billion […]
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Software giant SAP’s shares surge 9.3% after first-quarter profit beat
The headquarters of SAP AG, Germany’s largest software company, on Jan. 8, 2013, in Walldorf, Germany. Thomas Lohnes | Getty Images News | Getty Images SAP on Wednesday posted a 58% year-on-year jump in first-quarter operating profit in constant currency, also confirming its outlook for full-year cloud revenues. SAP’s operating profit hit 2.5 billion euros […]
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European stocks head for higher open as global market sentiment rebounds
European markets are expected to open higher on Wednesday as global market sentiment rebounds amid receding concerns over a trade war between the U.S. and China, and President Donald Trump’s criticism of the U.S. Federal Reserve. The U.K.’s FTSE 100 index is expected to open 86 points higher at 8,418, Germany’s DAX up 457 points […]
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European Central Bank’s Lagarde says she hopes Trump doesn’t fire Fed’s Powell
European Central Bank President Christine Lagarde on Tuesday said she hoped that U.S. President Donald Trump would not fire Federal Reserve Chair Jerome Powell. Asked by CNBC’s Sara Eisen if that scenario was a current material risk to markets, Lagarde said: “I certainly hope not … I hope that it is not a risk.” Speaking […]
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