Breaking News: Europe
European markets to open sharply lower after Trump says EU tariffs are coming ‘very soon’
European markets are heading for a sharply lower open after U.S. President Donald Trump on Wednesday threatened to impose 25% tariffs on imports from the European Union. The U.K.’s FTSE 100 index is expected to open 17 points lower at 8,700, Germany’s DAX down 156 points at 22,632, France’s CAC 35 points lower at 8,108 and Italy’s […]
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Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom. Nathan Stirk | Getty Images News | Getty Images British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a fundamental strategic reset. The beleaguered […]
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German stocks lift European markets higher; Wienerberger jumps 12%
U.S. stocks open higher Wednesday U.S. stocks kicked off Wednesday’s trading session in the green. The S&P 500 added 0.2%, and the Nasdaq Composite gained 0.3%. Meanwhile, the Dow Jones Industrial Average flickered near the flatline. — Hakyung Kim Wolters Kluwer shares slide 10%; CEO announces retirement after 22 years Wolters Kluwer shares tumbled on […]
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Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit
Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Crisis-stricken auto giant Stellantis on Wednesday said it sees return to revenue growth this year after a steep drop in 2024 earnings. The mutlinational conglomerate, which […]
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European markets head for mixed open as lackluster sentiment spreads
European stocks are expected to open in mixed territory Tuesday as a lukewarm mood pervades global markets. The U.K.’s FTSE 100 index is expected to open unchanged at 8,637, Germany’s DAX down 29 points at 22,381, France’s CAC 2 points lower at 8,084 and Italy’s FTSE MIB 27 points higher at 38,542, according to data from […]
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Tech investor Prosus to buy Just Eat Takeaway.com for $4.3 billion
Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the “low liquidity and trading volumes” of its shares on the exchange. Mike Kemp | In Pictures | Getty Images European food delivery giant Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in an all-cash deal […]
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Germany’s conservatives win election, as far-right AfD leaps to second place, exit polls show
The evening sun shines on the Reichstag building of the German Bundestag with the inscription “Dem Deutschen Volke. Fabian Sommer | Picture Alliance | Getty Images BERLIN — The Christian Democratic Union and the allied Christian Social Union secured the largest share of votes in the German federal election on Sunday, according to exit polls […]
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Europe stocks set for muted open after Thursday’s sell-off on Wall Street
Standard Chartered beats market expectations Standard Chartered has beaten market forecasts with its latest results, as the bank made $1.6 billion for the fourth quarter before setting aside money for bad loans. The bank did particularly well in its wealth management arm, according to Jefferies analysts, where income rose by more than a third compared […]
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Schneider Electric shares pop 6% as record profit beats expectations; Europe stocks mixed
Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the […]
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Philips tumbles 7% after sales miss expectations; Europe stocks open mixed
BAE Systems says order backlog at record high as revenue rises 14% Britain’s largest defense firm BAE Systems said on Wednesday that its order backlog rose 11% to a record high at the end of 2024, as it reported a 14% increase in annual revenue for 2024. Operating profit rose 4% to £2.69 billion ($3.39 […]
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