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Telecom Italia's core profit rises 10% in Q2 after network spin-off

Telecom Italia's core profit rises 10% in Q2 after network spin-off MILAN, July 31 (Reuters) - Telecom Italia (TIM) TLIT.MI said its core earnings rose by 10% in the second quarter under a new structure which strips out the domestic network operations sold to U.S. investment firm KKR KKR.N at the start of July. Earnings before interest, tax, depreciation and amortisation after lease costs (EBITDA-AL) generated by the business emerging from the network sale came in at 957 million euros ($1 billio
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 26 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. CAPGEMINI CAPP.PA : French IT consulting group Capgemini said on Friday it now expects its annual revenue to fall compared with the earlier expectation of at least maintaining stable growth, citing weakness in the North American market.
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Italy - Factors to watch on July 26

Italy - Factors to watch on July 26 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases July consumer and business confidence data (0800 GMT) and Q2 wage inflation data (0900 GMT).
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Vivendi posts H1 growth helped by Lagardère consolidation, Havas

Vivendi posts H1 growth helped by Lagardère consolidation, Havas By Olivier Cherfan and Gianluca Lo Nostro July 25 (Reuters) - French media conglomerate Vivendi VIV.PA reported a 39.3% rise in first-half adjusted operating profit to 619 million euros ($672.30 million) on Thursday, helped notably by consolidation of the publishing group Lagardère and growth in advertising business Havas.
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Vivendi CEO says not aware Iliad made any approach over Telecom Italia stake

Vivendi CEO says not aware Iliad made any approach over Telecom Italia stake July 25 (Reuters) - Vivendi VIV.PA Chief Executive Arnaud de Puyfontaine said on Thursday he was not aware that telecoms group Iliad had expressed any interest in the French media group's stake in Telecom Italia (TIM) TLIT.MI . Vivendi is the single biggest investor in Telecom Italia with a stake of around 24%.
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Vivendi H1 Adjusted Net Income At Eur 329 Million

BRIEF-Vivendi H1 Adjusted Net Income At Eur 329 Million July 25 (Reuters) - Vivendi SE VIV.PA : H1 REVENUES EUR 9.05 BILLION VERSUS EUR 4.70 BILLION YEAR AGO H1 ADJUSTED NET INCOME EUR 329 MILLION VERSUS EUR 324 MILLION YEAR AGO H1 EBITA EUR 619 MILLION VERSUS EUR 444 MILLION YEAR AGO CEO: NOT AWARE OF ANY APPROACH FROM ILIAD FOR TELECOM ITALIA STA
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Universal Music Group shares drop 30% as streaming growth disappoints

Universal Music Group shares drop 30% as streaming growth disappoints July 25 (Reuters) - Universal Music Group UMG.AS shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second quarter. The shares fell 30% at one point and were down 26% by 1058 GMT, on track for their biggest one-day loss ever.
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Growth angst or air pocket? Stocks nurse losses

MORNING BID AMERICAS-Growth angst or air pocket? Stocks nurse losses A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 .SPX since 2022 and mounting central bank easing bets suggest markets' serene 'soft landing' scenario is being questioned as China growth worries and U.S. election risks mount. Even though a withering swoon in megacap tech stocks this week comes in the thick of the corporate earnings season, the incoming aggregate profit growth pictu
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UMG pays steep price for platform addiction

BREAKINGVIEWS-UMG pays steep price for platform addiction The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pierre Briancon LONDON, July 25 (Reuters Breakingviews) - Cheeky economists may debate the impact of Taylor Swift’s concerts on some countries’ GDP, but the success of her latest album wasn’t enough to prevent a market rout for Universal Music Group UMG.AS , her record company.
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STOXX 600 drops to 12-week low as earnings fail to impress

LIVE MARKETS-STOXX 600 drops to 12-week low as earnings fail to impress STOXX 600 down 1.2% CAC 40 hits lowest since Jan UMG tumbles after results European semis weak Healthcare shines Wall St futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX 600 DROPS TO 12-WEEK LOW AS EARNINGS FAIL TO IMPRESS European equities are in the red on Thursday as the decline in glob
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French Regulator Arcom Excludes Vivendi's C8, NRJ 12 From Public Frequencies

BRIEF-French Regulator Arcom Excludes Vivendi's C8, NRJ 12 From Public Frequencies July 24(Reuters) - ARCOM: HAS EXCLUDED C8 VIV.PA AND NRJ 12 SONO.PA FROM PUBLIC FREQUENCIES NON-RENEWED BROADCASTING RIGHTS FROM 2025 CNEWS CHANNEL, OWNED BY VIVENDI THROUGH CANAL+, HAS BEEN MAINTAINED Source text: shorturl.at/boKEv Further company coverage: [ VIV.PA
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Vivendi only half-solves its valuation discount

BREAKINGVIEWS-Vivendi only half-solves its valuation discount The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pierre Briancon LONDON, July 22 (Reuters Breakingviews) - Vivendi VIV.PA is calling international investors to the rescue. The 11-billion-euro French media conglomerate said on Monday that it would spin off and list its pay-TV arm Canal+ in London, and advertising group Havas in Amsterdam, as part of a broader split.
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Vivendi says Canal+ to be listed in London under break-up plan

UPDATE 2-Vivendi says Canal+ to be listed in London under break-up plan Adds context on break-up from paragraph 2 By Mathieu Rosemain and Tassilo Hummel PARIS, July 22 (Reuters) - French media group Vivendi VIV.PA said it will pursue a London listing for Canal+, while its Havas advertising business will be listed in Amsterdam under its break-up plans.
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Canal+ To Be Listed In London As Part Of Vivendi's Split Project

BRIEF-Canal+ To Be Listed In London As Part Of Vivendi's Split Project July 22 (Reuters) - Vivendi SE VIV.PA : TODAY PRESENTED TO THE SUPERVISORY BOARD AN UPDATE ON THE FEASIBILITY STUDY OF THE SPLIT PROJECT ANNOUNCED ON DECEMBER 13, 2023 HAVAS WOULD BE LISTED AS A DUTCH PUBLIC LIMITED LIABILITY COMPANY (NV) ON THE EURONEXT AMSTERDAM STOCK EXCHANGE
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France corporate earnings week ahead

DIARY-France corporate earnings week ahead July 19 (Reuters) - Diary of France (.FCHI) corporate earnings for the week ahead FRANCE EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 23-Jul-2024 AMC LVMH.PA LVMH Moet Hennessy Louis Vuitton SE Half Year 2024 LVMH Moet Hennessy Louis Vuitton SE Earnings Release 23-Jul-2024 BMO EDEN.PA Edenred SE Half Year 2024 Edenred SE Earnings Release 23-Jul-2024 05:00 TCFP.PA Thales SA Half Year 2024 Thales SA Earnings Release 24-Jul-2024 AMC CAR
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Czech billionaire Kretinsky's sprawling empire

FACTBOX-Czech billionaire Kretinsky's sprawling empire Adds Unieuro, updates Quadient and Atos July 18 (Reuters) - Czech billionaire Daniel Kretinsky sought to continue his buying spree this week with a joint offer to buy Italy's Unieuro UNIR.MI . Kretinsky, 49, a former investment bank lawyer who built one of Europe's largest energy groups, Energeticky a Prumyslovy Holding (EPH), has been diversifying into retail, media and other areas.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 12 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. VALLOUREC VLLP.PA French tubular solutions won a contract to supply Eneva ENEV3.SA with more than 4,000 tons of casing and tubes. VIVENDI VIV.PA The company is exploring a spin-off and potential London listing for its Canal+ TV unit, Bloomberg reported on Thursday, sending the French media conglo
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Financial Times - July 12

PRESS DIGEST- Financial Times - July 12 July 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - SoftBank buys UK chipmaker Graphcore in AI push - Vivendi explores London listing for streaming service Canal+ - Labour considers ban on new North Sea licences in pipeline - Axel Springer and KKR in talks to break up media empire Overview - Japan's SoftBank Group 9984.T has bought UK-based a
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British Business - July 12

PRESS DIGEST-British Business - July 12 July 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Floorings retailer, Carpetright has put itself up for sale in a move which could lead to hundreds of store closures and job losses.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Vivendi, Axel Springer, Chevron Corp, Martin Midstream Partners and Five9 July 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Thursday: * * Vivendi VIV.PA is exploring a spin-off and potential London listing for its Canal+ TV unit, Bloomberg reported, sending the French media conglomerate's shares sharply higher in late afternoon trading.
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