STOCKHOLM, Feb 27 Reuters Swedish property group SBB said on Tuesday that its pretax loss narrowed in the fourth quarter and it expected to find it easier to reduce its debt pile this year. Large debts with looming maturities, soaring interest rates and a wilting economy have produced a toxic cocktail for Sweden39;s property companies, with many seeing […]

Feb 27 Reuters Puma on Tuesday said it expects a soft first half of the year as negative currency effects continue to put pressure on the German sportswear company, but stuck to the annual targets it gave in January. Going into 2024, we see that the market environment remains challenging, CEO Arne Freundt said in a statement. The […]

MILAN, Feb 26 Reuters A surge in trading of Banco BPM shares is again drawing attention to Italy39;s thirdlargest bank, which has long been at the centre of speculation about potential consolidation in the sector. The stock powered to fresh eightyear highs on Monday in Milan, with monthly trading volumes topping 400 million shares for the […]

LONDON, Feb 27 Reuters Profit fell at asset manager abrdn in 2023 and the British firm warned of further pressure on its margins as large clients shift cash away from actively managed funds. Still, shares surged 6 in early trading as investors welcomed a result that slightly exceeded analyst forecasts, along with a maintained dividend and […]

FY sales inline despite strong negative FX effect Remains cautious for the year, North America growth slowed in Q4 Shares down 3, analysts point to impairment, profittaking Feb 27 Reuters Swiss dental implant maker Straumann on Tuesday forecast steady 2024 sales growth, taking a cautious stance amidst prolonged economic uncertainty. While geopolitical and macroeconomic uncertainties are […]

MILANLONDON, Feb 27 Reuters Vodafone will likely hold a minority stake in a combined entity with Swisscom39;s Italian unit Fastweb if a deal is reached on a potential tieup of their Italian operations, three people familiar with the matter said. Vodafone39;s Chief Executive Margherita Della Valle said earlier this month the British group was in active discussions in Italy, […]