Business

Salvatore Ferragamo's controlling shareholder said on Monday it had appointed former Estee Lauder chief executive Fabrizio Freda as special strategic adviser, sending shares in the Italian luxury group as much as 1.6% higher in early trading. Ferragamo Finanziaria, the holding...

Aegon has agreed to sell its UK insurance business to Standard Life for a total value of 2 billion pounds ($2.7 billion), the Dutch insurer said on Wednesday. The payment would consist of a cash amount of 750 million pounds...

Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges in reviving the brand's appeal. Gucci sales fell 8%, the 11th straight quarterly decline, as...

ASML, the world's largest supplier of chipmaking tools, on Wednesday reported stronger-than-expected first-quarter earnings and lifted its 2026 revenue outlook as artificial intelligence boosts demand for its equipment. The stronger forecast reinforces ASML's position as sole provider of the EUV...

The war in the Middle East is the latest reminder of how commodities are reshaping the geopolitical landscape, leaving currencies from Norway, Canada, Australia, and New Zealand well placed to outperform larger rivals. These commodity currencies - so called due...

Consumer prices in France rose 2.0% year-on-year in March, statistics office INSEE said on Wednesday, slightly above analysts' expectations and a preliminary reading of a 1.9% rise published earlier this month. The EU-harmonised inflation rate in the bloc's second biggest...

French luxury group Hermes reported weaker than expected first-quarter sales on Wednesday as the Iran war hit spending in the Middle East as well as in Europe, with fewer tourists visiting Paris or London and buying designer items. Investors' hopes...

The U.S. dollar has given back most of the gains sparked by the Iran war, as a tentative ceasefire revived appetite for riskier currencies, but investors said robust demand for U.S. assets and waning prospects for U.S. interest-rate cuts should...

Franco-Italian automaker Stellantis said on Wednesday its global shipments rose 12% year-on-year in the first quarter to an estimated 1.4 million vehicles, consolidating a sales rebound that started in the second half of 2025. CEO Antonio Filosa, appointed last year,...

German exchange operator Deutsche Boerse said on Tuesday that it had acquired a 200 million dollar stake in US-based cryptocurrency exchange Kraken. The investment is being made through the acquisition of existing shares as part of a secondary market transaction...