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Indrabati Lahiri

Business

L’Occitane delists from Hong Kong exchange as luxury goods shine dulls

L'Occitane's attempts to revitalise growth have led to high operational costs, leading to further erosion of its share price and investor confidence.

Business

Mixed results for Europe's banks and their first half-year earnings

Deutsche Bank's profits were seen as moderate in the first half of 2024 but other major banks including BNP Paribas and Santander posted better-than-expected results.

Economy

Hungary cuts key interest rates and vows careful and patient approach

Hungary's interest rate cut comes after the European Central Bank (ECB) chose to leave interest rates unchanged last week at its July meeting.

Business

Air Antilles takes off again in relaunch following 2023 liquidation

Air Antilles is being relaunched under a new partnership between the French engineering company EDEIS group and the Collectivité de Saint-Martin.

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Business

French defence company Thales sees orders soar to record levels

Thales and Airbus could also be considering merging their space divisions in order to create a stronger and more competitive pan-European business.

Economy

Apartment hunting: Where in Europe will it cost you the most?

While Serbia saw the biggest increase in apartment prices per square metre over the year, there is one country in Europe that still has the highest price per square metre, as well as the highest average income.

Business

Ryanair says summer fares will be lower as airline's profit slumps

Ryanair's first quarter results for the financial year 2025 results have revealed lower profits and a dampened summer fare guidance for shareholders.

Business

Champagne makers vote for smaller harvests as sales lose their fizz

Champagne producers have also come under pressure in recent weeks, following China's decision to impose tariffs on the import of luxury goods from the EU.

Economy

Producer prices in Germany decline due to lower energy costs

June’s fall was primarily due to the prices of energy, such as natural gas and electricity falling, as well as the costs of intermediate goods decreasing too.

Economy

US-China trade war fears hits Microsoft and Apple share price

The US has already imposed restrictions on Chinese companies such as Huawei, which prevents it from receiving semiconductor chips, as well as telecommunications equipment from US manufacturers.

Business

Volvo exceeds revenue expectations for Q2, but lowers sales forecast

The company is also continuing to invest heavily in the green transition and electric vehicles (EVs), despite concerns that EV demand in Europe may be tapering off now.

Economy

Corporate distress levels up in Germany but down in UK and France

Some of the most distressed sectors also continued to be retail, healthcare and property, especially burdened by the high cost of borrowing.

Business

Tiger Global set to take charge of Revolut's million-dollar share sale

Revolut saw record profit before tax for the full year 2023, further cementing its position as Britain's most valuable fintech.

Business

TotalEnergies to partner with SSE on new British EV charging company

French oil giant TotalEnergies has announced that it is partnering with SSE, a UK-based power company in order to launch an electric vehicle (EV) charging company called Source, which will operate in Britain and Ireland.

Business

Airbus imposes hiring freeze to cut costs as it fights Chinese rivals

Airbus which is fighting a wave of cheaper airliners from China has also reduced its forecasted deliveries for this year from 800 jets to 770 jets. It has also lowered its operating income targets.

Business

European cannabis firms look to list in the US as it eases controls

Cannabis could be moved from the stringent Schedule 1 classification of the Controlled Substances Act (CSA) to the relatively less regulated Schedule 3, in view of its medicinal and pharmaceutical properties and usages.

Markets

Coffee prices likely to keep heating up due to 'terrible' EU rules

The criticism from Lavazza boss Giuseppe Lavazza comes on top of already-raised prices due to the affects of drought on coffee harvest and the ongoing Red Sea crisis which has hit coffee deliveries to Europe.

Markets

Price rises brewing for tea drinkers as extreme weather hits harvests

Extreme weather events such as floods and droughts are especially disruptive to tea production, as the crop often relies solely on rain for its water needs, with little facilities for irrigation and water processing.

Business

Vivendi reportedly considering London listing for Canal+ channel

The French media giant's shares rose on reports that it may be exploring a London listing for its Canal + channel in what could prove to be a much needed boost for the London Stock Exchange.

Business

Delta becomes latest airline to warn of profit hit due to Olympics

Back on 1 July, the Air France-KLM group also issued a similar profit warning about the Paris Olympics, preparing itself for a €180 million blow to revenue.

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