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Europe Business

Norway striking oil union and employers talking to mediator

13h43 A state-appointed mediator is talking to rig owners and a Norwegian union to try to resolve a strike by almost 1,600 oil workers but he warned that it was too early to say if. . .  Full story

Copper hits one-year low as fund selling accelerates

13h41 Copper prices plunged to one-year lows on Thursday as fund selling accelerated due to worries about demand from the trade tussle between the United States and top consumer China.. . .  Full story

Shares in Russia's Severstal rise as jump in earnings beat forecast

13h36 Severstal, one of Russia's top steelmakers, reported a 39 percent jump in second-quarter core earnings due to higher steel prices, beating analysts' forecasts and sparking a jump in the share price.. . .  Full story

Veon cuts management in return to traditional telecoms model

13h33 Veon, the mobile phone operator formerly known as VimpelCom, said it would cut management jobs and simplify its structure as part of a retreat to a more traditional telecoms business model.. . .  Full story

UK watchdog and EU tell banks to prepare for hard Brexit

13h19 Britain's banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels.. . .  Full story

-Roche takes Tecentriq hit on survival data

13h09 Roche's hopes of clinching more of the lung cancer treatment market with its Tecentriq immunotherapy had a major setback on Thursday, when a trial failed to deliver survival data the Swiss drugmaker needs to challenge. . .  Full story

WTO arbitrators to consider U.S. request for sanctions in Airbus case

12h57 World Trade Organization (WTO) arbitrators will evaluate a U.S. request to impose billions of dollars worth of sanctions on European products after a final WTO ruling that found the European Union had made illegal subsidies. . .  Full story

Oil prices fall on record U.S. output, stock build

12h53 Oil prices fell on Thursday after official data showed an unexpected rise in U.S. crude stockpiles, U.S. output hit a record high and major oil exporters increased production.. . .  Full story

Sports Direct profit dragged down by Debenhams

12h52 British retailer Sports Direct booked an 85.4 million pound ($111.3 million) charge for a disastrous investment in department store chain Debenhams , raising questions over its strategy of taking big stakes in other businesses.. . .  Full story

Boeing, Airbus deals top $160 billion at Farnborough Airshow

12h51 Britain's biennial Farnborough Airshow sees Airbus, Boeing and a host of other civil and military producers set out their wares this week.. . .  Full story

Moneysupermarket reassures with decent Q2, boosting shares

12h42 British price comparison website Moneysupermarket.Com reported a better-than-expected 6 percent growth in second-quarter revenue on Thursday, driven by its division selling energy services.. . .  Full story

Jeweller Pandora cuts China prices to fight grey market, shares drop

12h33 Shares in Pandora fell as much as 7 percent on Thursday after the Danish jeweller said it would lower retail prices in China by an average 15 percent to combat a rise in grey. . .  Full story

WTO DOCUMENT

12h30 . . .  Full story

Truckmaker Volvo's profit tops forecast despite supply chain bottlenecks

12h25 Swedish truckmaker AB Volvo beat second-quarter profit estimates on Thursday, managing to lift margins despite bottlenecks in the supply chain as demand for trucks remained strong.. . .  Full story

Farnborough Airshow

12h11 Britain's biennial Farnborough Airshow sees Airbus, Boeing and a host of other civil and military producers set out their wares this week. Following are top stories from Reuters: TOP STORIES > Airbus. . .  Full story

Irish Q1 GDP -0.6 pct q/q, 9.1 pct higher y/y

12h00 Ireland's gross domestic product shrank by 0.6 percent quarter-on-quarter in the first three months of the year but was 9.1 percent higher than a year ago, the Central Statistics Office said on Thursday.. . .  Full story

Barclays appoints Campili as vice chairman for healthcare banking

11h43 Britain's Barclays on Thursday appointed Darren Campili as vice chairman of healthcare banking, effective from towards the end of the summer.. . .  Full story

China's Anbang prepares to sell overseas properties worth $10 bln -sources

11h36 China's Anbang Insurance Group Co Ltd is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with knowledge of the matter. . .  Full story

Volvo shifts production to avoid tariffs, chases record sales

11h27 Volvo Cars <IPO-VOLVO.ST> is juggling production of its top-selling SUV to avoid U.S. import tariffs, Chief Executive Hakan Samuelsson told Reuters on Thursday, as the Swedish carmaker set its sights on a fifth straight year. . .  Full story

British fraud office seeks retrial of ex-Barclays trio

11h24 The UK Serious Fraud Office (SFO) is seeking a retrial of three former Barclays traders accused of plotting to rig global interest rates after a jury was unable to reach a verdict last week.. . .  Full story

UK retail sales growth strongest since 2004 in Q2, June disappoints

11h16 British retail sales rose the most in over a decade in the second quarter despite a drop in spending in June, official data showed on Thursday, giving the Bank of England some reassurance shoppers. . .  Full story

Earnings in focus as FTSE finds support in weaker pound

11h10 Earnings updates were the main focus for investors in British shares on Thursday as the country's top FTSE 100 index inches higher, although remaining within recent tight ranges on caution over the outcome of. . .  Full story

Earnings disappointments pull European stocks back from month highs

11h02 A rally in European stocks fizzled out on Thursday as poor results drove down advertising agency Publicis and a slide in metals prices dragged on the market.. . .  Full story

Nordea beats Q2 forecasts but trims 2018 revenue outlook

11h01 Nordea beat quarterly forecasts helped by cost cuts on Thursday, sending shares in the biggest Nordic bank higher despite its warning that like-for-like 2018 revenue would likely fall.. . .  Full story

Thyssenkrupp investor Elliott demands appointment of new 'external' CEO

10h53 Thyssenkrupp should replace Guido Kerkhoff as chief executive with a new external candidate, activist investor Elliott Associates told the company's supervisory board as it pressed its case for a change of leadership and strategy.. . .  Full story

Russia's Novatek ships first LNG cargo to China via Arctic

10h19 Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to. . .  Full story

Babcock shares dive as slower submarine spending weighs

09h48 British engineer Babcock cut its full-year revenue growth target on Thursday as delays in government spending on submarines hit its Marine division, sending its shares down more than 10 percent.. . .  Full story

Swedish Match Q2 profit, snus margin beat expectations

09h45 Swedish Match on Thursday reported a bigger-than-expected rise in operating profit helped by a strong performance in snus and cigars.. . .  Full story

Unilever sales disappoint as prices remain under pressure

09h35 Unilever reported lower than expected second-quarter sales on Thursday, hurt by a Brazilian transport strike and weak pricing, setting a downbeat tone for the consumer goods sector.. . .  Full story

Spain, France prep debt sales in "expensive" euro zone bond market

09h33 Two of the euro zone's largest sellers of bonds are preparing debt sales at a time when their borrowing costs are close to their lowest in weeks relative to benchmark German Bunds.. . .  Full story

Bearings maker SKF profit tops forecast, sees strong demand

09h11 Sweden's SKF, the world's biggest maker of industrial bearings, reported a bigger than expected rise in quarterly operating earnings on Thursday and forecast higher year-on-year demand for the third quarter, powered by strong growth in. . .  Full story

UK energy supplier SSE loses more customers on pricing competition

09h09 SSE Plc, Britain's second-largest energy supplier, lost more customers in the first quarter compared with the year-earlier period as smaller entrants challenge traditional players with aggressive pricing.. . .  Full story

Publicis shares slump after unexpected drop in second-quarter sales

09h08 France's Publicis Groupe SA reported an unexpected drop in second-quarter sales that caused its shares to fall sharply, pointing to the steep underperformance of its U.S. healthcare communications business.. . .  Full story

Volvo juggling XC60 production to avoid U.S. tariffs - CEO

08h59 Volvo Cars <IPO-VOLVO.ST> is shifting XC60 SUV production for the U.S. market to Europe from China to avoid Washington's new tariffs on Chinese imports, the Swedish carmaker said.. . .  Full story

Australian shares inch up on financials, materials; NZ down

08h50 Australian shares edged higher on Thursday helped buying in financials and material firms, though broader market gains were checked by generally subdued regional markets amid trade war worries.. . .  Full story

Greece prepares to fly solo on bond markets

08h00 Once the outcast of European bond markets, Greece appears firmly on the road to redemption.. . .  Full story