MADRID, Oct 26 Reuters Spanish bank Sabadell39;s third quarter net profit beat forecasts on Thursday with a 46 yearonyear increase thanks to higher lending income, which offset a decline in new mortgages and margin pressure at its British unit TSB. Spain39;s fourthlargest bank in terms of market value reported a net profit of 464 million euros […]

STOCKHOLM, Oct 26 Reuters Swedenbased automaker Volvo Cars reported a rise in thirdquarter operating earnings on Thursday driven by strong volumes and lower costs for semiconductors and raw materials. Volvo Cars, majorityowned by China39;s Geely Holding, said operating income rose to 4.5 billion Swedish crowns 402.75 million in the quarter from a yearago 2.1 billion. Excluding […]

BERLIN, Oct 26 Reuters Europe39;s largest automaker Volkswagen on Thursday warned the outlook for commodity markets remained uncertain after confirming it took a major hit to its thirdquarter profit from raw materials hedges. We cannot be satisfied with our profitability, which dragged behind our ambitious targets in the third quarter, Chief Financial Officer Arno Antlitz said […]

Stellantis to acquire 21 stake in EV maker Leapmotor Firms form JV to build and sell Leapmotor products outside China Deal gives Stellantis a crucial foothold in China Leapmotor shares tumble 10, reversing initial 11 jump HANGZHOU, China, Oct 26 Reuters Stellantis is buying a 21 stake in Chinese EV maker Leapmotor for 1.6 billion, […]

BENGALURU, Oct 26 Reuters Shares of IRM Energy fell as much as 10.9 in trading debut on Thursday, valuing the Indian natural gas distributor at 18.48 billion rupees 222.03 million in a weak market. The stock fell to a low of 450 rupees in early trade after opening at 477.25 rupees. Its initial public offer IPO […]

LONDON, Oct 26 Reuters Europe39;s major airlines are set for another bumper quarterly earnings season after a summer of record postpandemic travel, but turmoil in Israel, the spillover impact on oil prices and worries about a global recession may cloud the outlook. Strong earnings growth for the third quarter will be driven by a busy […]

MADRID, Oct 26 Reuters Oil major Repsol said on Thursday Spain39;s potential extension of a windfall tax on large energy companies, which was included in a coalition deal between centreleft parties seeking to form a government, could hamper its projects in the country. The Socialist Party of acting Prime Minister Pedro Sanchez and the hardleft Sumar […]