Breaking News: Europe
European stocks head for mixed open as global markets react to Trump’s latest tariffs
UniCredit sets profit goal of around 10 billion euros by 2027 UniCredit said it aims to increase net profit to around 10 billion euros by 2027, with the “ambition” to distribute more to shareholders than it did 2024. Italy’s second-largest lender posted fourth-quarter net profit that beat expectations amid market focus on the bank’s M&A overtures. […]
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Kering shares pop 6% on fourth-quarter beat even as sales at embattled Gucci brand lag
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kering popped on Tuesday after the French luxury goods firm reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label. The […]
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British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022. Matt Cardy | Getty Images News | Getty Images British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled energy company’s strategy. The energy firm posted underlying replacement […]
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European stocks shrug off U.S. tariff threat; BP shares rise after Elliott stake-building report
European stock markets started the week on a positive note, appearing to shrug off President Donald Trump’s latest tariff announcement. The pan-European Stoxx 600 opened 0.35% in positive territory. Regional indexes such as the U.K.’s FTSE 100, Germany’s DAX, France’s CAC 40 and Italy’s MIB were up 0.3% at the open. It remains to be […]
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BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major and could […]
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L’Oreal sales slightly miss in fourth quarter as China weakness persists
A woman view skin care products at L’Oreal booth during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. China News Service | China News Service | Getty Images French cosmetics giant L’Oreal on Thursday reported lower-than-expected sales in the fourth quarter […]
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Bank of England restarts monetary easing, cutting key rate to 4.5%
The Bank of England made its first interest rate cut of 2025 on Thursday, resuming monetary easing amid ongoing concerns over sluggish growth in the British economy. The central bank cut its benchmark interest rate by 25 basis points to 4.5%, with a majority of seven members out of the nine-strong monetary policy committee voting […]
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Shipping giant Maersk’s shares jump 10% on profit beat despite trade uncertainty
Maersk shares jumped more than 10% after the shipping giant posted better-than-expected fourth-quarter results on Thursday, putting shares on course for their best daily performance since 2016. Earnings before interest, depreciation, taxes and amortization (EBITDA) rose 26% to $12.13 billion in the full-year stretch and came in at $3.6 billion in the fourth quarter, exceeding […]
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Maersk jumps 7.5% on earnings beat, Volvo Cars retreats 6% amid warnings of market challenges
Danish brewer Carlsberg slightly misses on fourth-quarter sales, points to slower growth in 2025 Danish brewer Carlsberg on Thursday reported a slight miss in fourth-year sales and pointed to lower growth in 2025. The company posted fourth-quarter sales to 15.72 Danish kroner ($2.18 billion), coming in just below the 15.79 billion Danish kroner estimated by analysts in […]
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Novo Nordisk shares rise on fourth-quarter profit beat, Wegovy sales jump
Medical bottles and syringe are seen with Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Shares of Novo Nordisk rose on Wednesday after the company reported better-than-expected net profit in the fourth quarter amid soaring demand for its Wegovy obesity drugs, but forecast a slight slowdown in […]
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