(Reuters) -British luxury carmaker Aston Martin Lagonda on Wednesday reported a narrower quarterly pretax loss and maintained its 2023 outlook, benefiting from the strong sales of its sport utility vehicle DBX and higher selling prices. Aston Martin, whose models were favoured by fictional British spy James Bond, had said in March that it expects profitability…
(Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inflows picked up pace in March on a revival in demand for mortgage loans. For Metro Bank, which in 2010 became the first lender to be granted a high-street banking licence in Britain in 150 years,…
By Jamie McGeever ORLANDO, Florida (Reuters) – The Fed may well hike U.S. interest rates again on Wednesday but cracks appearing on multiple fronts – jobs, lending, the banking system and debt ceiling – strongly suggest it will be the last of the cycle. Elements of all four have come together this week ahead of…
MILAN (Reuters) – UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected first quarter earnings. Solid results by Italy’s only bank that regulators deem of global systemic relevance are the latest evidence of strength for a sector where a string of failures this year has shaken investors’ confidence….
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Interest rate hikes from central banks around the globe slowed to a trickle in April thanks to a combination of easing inflation and slowing growth prospects amid a dearth of meetings on monetary policy decisions. April saw two interest rate hikes across five meetings by central…
MILAN (Reuters) -Stellantis said on Wednesday its revenue grew 14% in the first quarter of this year on higher shipments, lifted by an improvement in semiconductor supply, and strong pricing power. “A better fulfilment of semiconductor orders is slowly but surely improving our capacity to produce vehicles,” Chief Financial Officer Richard Palmer said in a…
By Maggie Fick LONDON (Reuters) – Positive trial data showing Novo Nordisk’s obesity drug helps save and extend lives, not just lose weight, could propel Europe’s best-performing stock even higher, according to 10 investors and industry analysts interviewed by Reuters. Demand for the Danish company’s weight-loss treatment Wegovy is soaring in the United States, leading…
TAIPEI (Reuters) – Taiwan is seeking U.S. cooperation to make the island’s next domestically developed fighter jet, the head of Taiwanese defence contractor Aerospace Industrial Development Corp (AIDC) said on Wednesday. Taiwan’s air force scrambles daily to see off incursions by Chinese jets into the airspace around the island as Beijing steps up its pressure…
By Richa Naidu and Helen Reid LONDON/BARCELONA (Reuters) – A “salad crisis” affecting British supermarkets hit headlines earlier this year but shoppers across Europe and the Middle East seeking some basic groceries – from pasta to beer to toothpaste – are also finding gaps on the shelves. Top industry executives, consultants and analysts told Reuters…
CAIRO (Reuters) – Egypt’s current account turned a surplus for the first time in years in the October-to-December quarter as imports dropped and exports rose, the central bank said in a statement on Wednesday. Egypt imposed import restrictions during most of 2022 and continues to suffer an acute shortage of foreign currency. The current account…
