Breaking News: Europe
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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TotalEnergies posts 21% drop in annual profit, targets $2 billion of buybacks per quarter this year
Poster and logo on the Coupole Tower, compagny Total’s head office renamed TotalEnergies in 2021 in the La Defense business district west of Paris in Courbevoie, France on 7 June 2024. Antoine Boureau | Afp | Getty Images French oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of […]
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Luxury carmaker Ferrari posts 21% uptick in full-year profit, sees 2025 growth
The Ferrari F50 at Salon Prive London, held at the Royal Chelsea Hospital. Martyn Lucy | Getty Images News | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing in full-year net profit, citing a strong product mix and growing demand for personalization. Ferrari posted net profit of 1.53 billion euros ($1.58 billion) […]
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European stocks fall as tariff uncertainty lingers; Infineon up 10%
Infineon CFO: We’re not out of the woods but have started the year on a ‘slightly positive tone’ Infineon CFO Sven Schneider speaks to CNBC’s Annette Weisbach after the company raised its full-year outlook, as first-quarter results come in slightly better than expected. European drink stocks fall Campari bottle is seen in this illustration photo […]
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Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half
Fabrice Coffrini | Afp | Getty Images Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, launching a $1 billion share buyback program in the first half of 2025. The net profit figure compares with a mean forecast of $886.4 million in a LSEG poll of analysts and with a $483 […]
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Euro zone inflation rises to hotter-than-expected 2.5% in January
A person buys products at a Mercadona store in Lisbon, Portugal, on January 25, 2025. Luis Boza | Nurphoto | Getty Images The euro zone inflation accelerated to a hotter-than-expected 2.5% in January on an annual basis, flash data from statistics agency Eurostat showed Monday. Economists polled by Reuters had expected the January inflation print […]
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European markets set to plummet amid Trump tariff threat
European markets are expected to open sharply lower Monday after U.S. President Donald Trump imposed trade tariffs on several countries and threatened to do the same with the European Union and U.K. The U.K.’s FTSE 100 index is expected to open 116 points lower at 8,563, Germany’s DAX down 498 points at 21,217, France’s CAC down […]
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Trump tariffs on Canada, Mexico and China begin Saturday, White House says
U.S. President Donald Trump signs executive orders in the Oval Office at the White House in Washington, U.S., Jan. 30, 2025. Elizabeth Frantz | Reuters In an apparent ending to weeks of intense speculation, the White House confirmed Friday that President Donald Trump will be leveling aggressive tariffs this weekend on major U.S. trading partners. […]
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Germany’s inflation steady at 2.8% in January ahead of February election
Customers waiting at the checkout in a supermarket. Markus Scholz | Picture Alliance | Getty Images German inflation was unchanged year-on-year at 2.8% in January, preliminary data from the country’s statistics office Destatis showed Friday in the last reading before Germans head to the polls next month. The reading was also in line with a […]
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Europe stocks open in the green to extend record high; traders digest dovish ECB messaging
French inflation held at 1.8% in January French inflation came in at 1.8% in January on a preliminary basis, steady on the previous month, statistics agency Insee reported Friday. Economists polled by Reuters expected a reading of 1.9%. The figure is adjusted for comparison with other euro zone countries. National German inflation figures are due […]
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