Renault Shares Soar as Investors Cheer Results

LONDON, Feb 15 Reuters Shares in Renault on the Tradegate platform early on Thursday after the French carmaker posted fullyear 2023 net profit slightly below forecasts but reported margin and revenue gains and a huge dividend increase. Renault was last up 6.1 on Tradegate from its 37.69 euro closing price on Wednesday. Late on Wednesday the company said […]
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Euro Zone Q4 GDP Confirmed Flat qq, Up 0.1 yy

BRUSSELS, Feb 14 Reuters Euro zone economic growth was flat in the last three months of the 2023 against the previous quarter and up 0.1 against the same period of 2022, Eurostat said on Wednesday, confirming its earlier preliminary estimate. After euro zone output contracted 0.1 quarteronquarter in the third quarter, the result for the […]
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European Telecom Stocks Rally on Merger Optimism

LONDONMILAN, Feb 14 Reuters Shares in Vodafone led a sudden spike across European telecom stocks on Wednesday. Vodafone rose as much as 7 in London, and other telecom stocks in Europe also saw a burst higher, with BT last up 2.8, while M Telecom Italia rose 1.1, Swisscom added 1.1, and Orange and Telefonica rose less than 1. Two Londonbased traders […]
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In Latest Snub to London, Travel Firm TUI Flies to Frankfurt

MILANLONDON, Feb 14 Reuters TUI has become the latest company to ditch the London stock market, which is struggling to retain big companies and attract new share offerings, after shareholders of Europe39;s biggest travel agent voted to move its listing to Frankfurt. The goahead at Tuesday39;s annual general meeting to focus on a Frankfurt listing comes two weeks […]
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Major Gulf Markets Gain in Early Trade on Wednesday

Feb 14 Reuters Major stock markets in the Gulf edged higher in early trade on Wednesday, even as hotterthanexpected U.S. inflation fuelled concerns about further delay in interest rate cuts from the Federal Reserve. U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pickup in inflation […]
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UK House Prices Fall by 1.4 in December

LONDON, Feb 14 Reuters British house prices fell by 1.4 on an annual basis in December, after a revised 2.3 decrease in November, the Office for National Statistics ONS said on Wednesday. London was the region with the biggest annual decrease with prices in the capital falling by 4.8, it said. Our initial estimate of […]
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