Trump’s tariff threat spurs auto suppliers to rethink production plans
By Abhirup Roy LAS VEGAS (Reuters) – Global auto suppliers are working out how much of their production can be moved to the United States, or closer to it, as…
Broker McGill offers property war reinsurance for Ukraine
LONDON (Reuters) – Broker McGill and Partners has launched a commercial property war risk reinsurance programme for Ukraine, which it said on Thursday was the first of its kind since…
B&M cuts profit outlook, shares sink
Investing.com — Shares of B&M European Value Retail (LON:BMEB) plummeted over 12% on Thursday after the variety store chain lowered its profit guidance for the fiscal year 2025. The company…
Greggs shares drop over 10% as growth slows amid weak consumer confidence
Investing.com — Greggs (LON:GRG) on Thursday saw its shares tumble by more than 10% following its trading update that reported slowing growth in like-for-like sales and cautious forward guidance. The…
M&S sees strong Christmas food sales, clothing growth modest
Investing.com — Marks & Spencer (LON:MKS) has reported strong results during the Christmas trading period, signaling continued momentum in its revival efforts. The retailer posted an 8.7% increase in food…
Aerospace firms gird for protectionism under Trump, Airbus CEO says
By Tim Hepher PARIS (Reuters) -European aerospace companies are bracing for “very strong” protectionism in the United States under the administration of President-elect Donald Trump, the head of planemaker Airbus…
Tesco sees strong Christmas sales, maintains guidance
Investing.com — Tesco (OTC:TSCDY) on Thursday delivered strong results in its Q3 and Christmas trading update, especially in its core UK grocery business and sustained growth across key markets. However,…
Climate change shows ‘claws’ with rising costs for disasters, Munich Re says
By Alexander Hübner and Tom Sims MUNICH (Reuters) – Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from 2023 and…
Indonesia stocks lower at close of trade; IDX Composite Index down 0.07%
Investing.com – Indonesia stocks were lower after the close on Thursday, as losses in the Infrastructure, Financials and Agriculture sectors led shares lower. At the close in Jakarta, the IDX…
RBC downgrades Swatch to ‘underperform,’ cites structural and cyclical challenges
Investing.com — RBC Capital Markets in a note dated Thursday has downgraded Swatch Group (SIX:UHR) to an “underperform” rating, citing structural and cyclical challenges that could hinder the company’s performance…