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Shares in Stellantis, Aston Martin skid on profit warnings
Shares in Stellantis, Aston Martin skid on profit warnings
by  AFP

Shares in Jeep-maker Stellantis and Britain's Aston Martin tumbled on Monday after both companies joined European rivals in cutting their profit forecasts. - China effect - Aston Martin also cited the Chinese market as it trimmed its financial guidance for 2024, saying its core profit is now expected to be "slightly below" the previous year's.

ECB chief backs bank mergers amid UniCredit, Commerzbank talk
ECB chief backs bank mergers amid UniCredit, Commerzbank talk
by  AFP

ECB chief Christine Lagarde said Monday that cross-border banking mergers in Europe were "desirable" to boost their competitiveness, despite mounting German opposition to a potential tie-up between Commerzbank and Italy's UniCredit.

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