Reuters Tesla Inc has cut prices on its two most expensive electric vehicles in the United States, according to the company39;s website, days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand. The price cuts, Tesla39;s fifth adjustment since the start of the year, ranged from 4 on the performance […]

MILAN, March 6 Reuters Telecom Italia TIM shares rose as much as 5 on Monday after Italian state investor CDP and Australian fund Macquarie submitted a joint bid for the former phone monopoly39;s grid, rivalling an approach by U.S. firm KKR. TIM is betting on a sale of its most prized asset to cut its 25 billion euros […]

ZURICH, March 3 Reuters Swiss specialty chemical maker Clariant is facing sanctions concerning alleged violations of financial reporting regulations, SIX Exchange Regulation SER said on Friday. Clariant39;s 2020 and 2021 IFRS annual financial statements contained misstatements, said SER, which monitors compliance with legal and regulatory requirements for the Swiss stock exchange. The alleged errors relate to […]

COPENHAGEN, March 3 Reuters Swedenbased Volvo Car AB said on Friday sales grew 22 yearonyear in February to 51,286 cars helped by a jump for its recharge models, sending its shares up. Volvo Cars, which is majorityowned by China39;s Geely Holding, said in a statement sales of fully electric cars soared 187 to account for 19 […]

FRANKFURT, March 2 Reuters German container shipper HapagLloyd on Thursday posted a record profit of 17 billion euros 18.08 billion for 2022, 88 more than a year earlier, but said uncertainty around the Ukraine war and inflation would greatly temper earnings in 2023. HapagLloyd, the world39;s fifthbiggest container liner, benefited from exceptional freight rates through spring […]

Yeartodate sales rate till Feb. 26 at 0.62outlet Order book down about 26 at 2.15 bln pounds Expects to build 9,00010,500 homes in 2023 Shares edge up 1.2 March 2 Reuters British homebuilder Taylor Wimpey said it was cutting jobs as it seeks to reduce costs after flagging weaker sales and forecasting it would build about […]

HELSINKI, March 2 Reuters Finnish utility Fortum on Thursday said it would focus on Nordic lowcarbon energy again, after its fiveyearlong conquest of Germany39;s Uniper ended last year with a loss of nearly 6 billion euros 6.38 billion for it. Fortum is recovering from a tumultuous year during which Russia39;s invasion of Ukraine sent gas prices soaring […]

LONDON, March 2 Reuters Consumer healthcare group Haleon39;s Chief Executive Brian McNamara said on Thursday he does not expect to announce any acquisitions or divestments imminently, amid analyst concerns its 2023 cost forecasts could hit consensus profit estimates. McNamara told Reuters that both types of transactions were on the cards, but added there39;s certainly nothing imminent […]

LONDON, March 2 Reuters London Stock Exchange Group announced plans to buy back more of its shares on Thursday as it raised its income growth outlook and highlighted its successful integration of Refinitiv, saying this had supercharged its ability to generate cash. LSEG said it would seek shareholder consent to buy more of its own stock […]

Q4 core profit EBITDA up 7.6 vs consensus 7.1 Sees 2023 EBITDA increase of 48 China, hit by COVID, set for rebound Higher prices compensate for lower volumes BRUSSELS, March 2 Reuters AnheuserBusch InBev, the world39;s largest brewer, expressed confidence in China39;s recovery and the willingness of drinkers to pay higher prices after reporting increased […]