By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is close to clinching a deal with European Union competition…
German wholesales growth to halve in 2023 – trade association BGA
BERLIN (Reuters) – German wholesalers can expect sales growth to halve in 2023 after a jump last year fuelled by…
SEB beats profit forecasts helped by trading income, hikes dividend
By Niklas Pollard STOCKHOLM (Reuters) -Swedish banking group SEB beat fourth-quarter net profit forecasts on Thursday on higher interest income…
Turkish central bank to provide support to firms that convert forex from abroad
ISTANBUL (Reuters) -Turkey’s central bank said on Thursday it would provide foreign exchange conversion support to companies that bring in…
Norway’s DNB bank told to replace ‘ineligible’ capital
By Huw Jones LONDON (Reuters) -Norwegian bank DNB is holding ineligible bonds in one of its main capital buffers and…
Elevator-maker Kone to axe 1,000 jobs, sees recovery in Asia
By Anne Kauranen HELSINKI (Reuters) – Finnish elevator-maker Kone said on Thursday it would slash up to 1,000 jobs globally…
Tanqueray gin maker Diageo’s U.S. sales lose fizz, shares slide
By Richa Naidu LONDON (Reuters) – Diageo, the world’s largest spirits maker, signalled on Thursday that robust demand for its…
Sabadell sees 2023 strong lending growth after quarterly profit beat
By Jesús Aguado MADRID (Reuters) – Spain’s Sabadell bank handily beat market expectations with its fourth-quarter net profit, helped by…
SAP to cut 3,000 jobs, explore Qualtrics stake sale
By Kirsti Knolle and Supantha Mukherjee BERLIN/STOCKHOLM (Reuters) -SAP said on Thursday it planned to cut 3,000 jobs, or 2.5%…
UK retail sales volumes slide at fastest rate since April – CBI
LONDON (Reuters) – British retail sales volumes slid over the last month at the fastest rate since April last year,…