Has 510 bln eur in additional funding headroom 2024 core profit outlook ahead of consensus Frankfurtlisted shares 3.4 ESSEN, Germany, March 13 Reuters E.ON, Europe39;s biggest operator of energy networks, on Wednesday raised its fiveyear investment target to 42 billion euros 46 billion, saying the continent required major grid expansion to make the transition to […]

Boost cost savings by 400 million euros in 2024 Will return 20 bln euros in dividends over 20242026 period Comes after surprise drop in Q4 income in February PARIS, March 13 Reuters BNP Paribas, the euro zone39;s largest bank, on Wednesday said it will step up its costcutting plan by 400 million euros 437 million […]

Shares up 1 but still close to Oct 2023 lows Metro to cut 30 mln stg more in costs by end2024 FY underlying loss shrinks to 16.9 mln stg March 13 Reuters Metro Bank posted a smaller annual loss on Wednesday and set out plans for further cost cuts as it looks to rebound from a […]

Adidas reports first net loss since 1992 CEO says year not good enough but better than he expected North America sales expected to fall this year HERZOGENAURACH, Germany, March 13 Reuters German sportswear giant Adidas posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again […]

Sees 2024 GMV and revenue growth of 05 Forecasts GMV and revenues up 510 CAGR to 2028 To open up logistics services to more retailers Expects 2024 adjusted EBIT at 380450 million euros Shares rise as much as 18.5 March 13 Reuters German online fashion retailer Zalando on Wednesday forecast a return to growth this year […]

JERUSALEM, March 13 Reuters A 2 billion offer by Abu Dhabi39;s national oil company and BP to buy a 50 stake in Israeli gas producer NewMed has been put on hold due to uncertainty in the region, NewMed said on Wednesday. NewMed said all parties had agreed to pause negotiations, although Abu Dhabi National Oil Co ADNOC […]

Sales up 11 at local currencies from Feb. 1 to March 11 Shares jump 3.4 to record high Annual net profit up 30 to 5.4 bln euros, as expected MADRID, March 13 Reuters Zaraowner Inditex39;s sales jumped 11 at constant currencies in the first half of its spring season, boosted by upmarket fashions and continuing the […]