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Motor racing-De Meo says Renault will not sell Alpine F1 'family jewel'

Motor racing-De Meo says Renault will not sell Alpine F1 'family jewel' PARIS, Oct 4 (Reuters) - Renault decided to end Formula One engine production after next season for financial reasons but its Alpine team is a "family jewel" and not for sale, chief executive Luca de Meo said on Friday. In an interview with sports daily L'Equipe, the Italian defended the strategy of Alpine racing from 2026 with a power unit provided by another manufacturer, most likely Mercedes.
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Barclays ups European cars to 'neutral' on resilient free cash flow

BUZZ-Barclays ups European cars to 'neutral' on resilient free cash flow ** Barclays upgrades its view on the European car sector to "neutral" from "negative" citing resilient cash positions and shareholder returns potential, even as it cuts its estimates after recent big profit warnings ** With a more constructive U.S. and global rate cut narrativ
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Motor racing-Renault's French F1 employees 'deplore' Alpine engine decision

Motor racing-Renault's French F1 employees 'deplore' Alpine engine decision PARIS, Oct 1 (Reuters) - Alpine's French-based Formula One employees spoke out on Tuesday against the Renault-owned carmaker's decision to cease engine production at the Viry-Chatillon facility at the end of next season. The move, which could see Alpine compete with Mercedes engines as a 'customer team' from 2026, was announced on Monday after months of speculation and staff resistance.
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Ferrari shuts down gas-fuelled plant to double solar production

Ferrari shuts down gas-fuelled plant to double solar production Oct 1 (Reuters) - Ferrari RACE.MI has shut down a methane gas-fueled electricity generation plant its home town of Maranello as it aims to double its solar power production, the Italian luxury sports carmaker said on Tuesday. The shutdown of the "trigeneration" plant, which was fuelled by methane gas, will ensure a 60% annual reduction in Scope 1 and 2 CO2 emissions, and a 70% reduction in methane gas consumption compared to previou
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Ferrari Shuts Down Trigeneration Plant To Focus On Renewables

BRIEF-Ferrari Shuts Down Trigeneration Plant To Focus On Renewables Oct 1 (Reuters) - Ferrari NV RACE.MI : FERRARI SHUTS DOWN TRIGENERATION PLANT, FOCUSES ON RENEWABLES TO DOUBLE INSTALLED PHOTOVOLTAIC SYSTEMS, WITH AIM OF REACHING AROUND A 10-MEGAWATT PEAK (MWP) BY 2030 FROM CURRENT 5 MWP Further company coverage: RACE.MI (Gdansk Newsroom)
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Italy - Factors to watch on September 27

Italy - Factors to watch on September 27 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 Italy is targeting 1% economic growth this year and 1.2% in 2025 and has revised down its deficit goals as a proportion of gross domestic product (GDP) for both this year and next, sources said ahead of
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Italian luxury group Tod's appoints John Galantic as CEO

Italian luxury group Tod's appoints John Galantic as CEO MILAN, Sept 26 (Reuters) - Italy's Tod's has appointed former Chanel executive John Galantic as CEO, taking over from the group's founder and chairman Diego Della Valle, the luxury group said on Thursday. The move follows the company's delisting in June, as a result of the offer launched by private equity firm L Catterton in agreement with the group's founding family.
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OpenAI CEO denies exec departures linked to restructuring

UPDATE 1-OpenAI CEO denies exec departures linked to restructuring Full write-through with context By Giulio Piovaccari and Elvira Pollina TURIN, Italy, Sept 26 (Reuters) - Sam Altman denied on Thursday that there was any link between the departure of three senior OpenAI executives and a planned restructuring of the company which he said the board had been considering for several months .
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Italy - Factors to watch on September 26

Italy - Factors to watch on September 26 The following factors could affect Italian markets on Thursday. 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 . POLITICS Italy is negotiating with its domestic banks on the terms of a contribution from them to fund measures in the upcoming 2025 budget, the government told trade unions on Wednesday, according to people a
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Another cut to luxury earnings

LIVE MARKETS-Another cut to luxury earnings STOXX 600 up 0.7% China stimulus drives rally Miners, luxury lead gainers German business morale falls Wall St futures edge up 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 ANOTHER CUT TO LUXURY EARNINGS Luxury is on a tear on Tuesday as traders snap up beaten-down China-exposed stocks, excited by a set of easing measures announced by
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Italy - Factors to watch on September 23

Italy - Factors to watch on September 23 The following factors could affect Italian markets on Monday. 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 . POLITICS Companies such as banks, insurers and energy groups that made extra profits over the past 12-24 months could be subject to a levy of 1% to 2% to help strained public finances, Corriere della Sera report
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Motor racing-Hamilton happy to qualify third in Singapore

Motor racing-Hamilton happy to qualify third in Singapore SINGAPORE, Sept 21 (Reuters) - Lewis Hamilton has a record 104 Formula One pole positions but qualifying third in Singapore on Saturday was still a cause for celebration. The Mercedes driver has struggled with his Saturday form and Singapore, his 350th grand prix, marked only the fifth time the sport's most successful driver has out-qualified team mate George Russell in 18 races.
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Motor racing-Norris on pole with Verstappen alongside in Singapore

UPDATE 2-Motor racing-Norris on pole with Verstappen alongside in Singapore F1 title rivals on front row of the grid Hamilton qualifies third, Russell fourth for Mercedes Ferrari's Sainz crashes, Leclerc has lap deleted Piastri only fifth for McLaren after Baku win Disappointment for Perez and Ricciardo Adds fresh Sainz, Leclerc and Ricciardo quotes By Rae Wee SINGAPORE, Sept 21 (Reuters) - Lando Norris put McLaren on pole position for the Singapore Grand Prix w ith Red Bull's Formula One champi
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Stellantis Chair Elkann targeted in 75 mln euro seizure over alleged tax fraud

UPDATE 2-Stellantis Chair Elkann targeted in 75 mln euro seizure over alleged tax fraud Adds comment from the Elkanns' lawyers MILAN, Sept 20 (Reuters) - An Italian judge has seized money and assets worth almost 75 million euros ($84 million) from five people, including Stellantis STLAM.MI and Ferrari RACE.MI Chair John Elkann, as part of an investigation into alleged tax fraud, prosecutors said on Friday.
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Burberry, Hermes, Spectris

EUROPE RESEARCH ROUNDUP-Burberry, Hermes, Spectris Sept 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Burberry, Hermes and Spectris on Friday. HIGHLIGHTS * ASML Holding NV ASML.AS : Morgan Stanley cuts to equal-weight from overweight * Burberry BRBY.L : Jefferies cuts to underperform from hold * Hermes HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470 * Intercontinental Hotels IHG.L : HSBC cuts target price to 7
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Jefferies sees no improvement for luxury in H2

BUZZ-Jefferies sees no improvement for luxury in H2 ** Jefferies sees no appreciable improvement for the luxury market in the second half of the year after a fragile demand in H1 ** The broker says the Q2 weakness and the flattish demand are likely to continue with a slowdown in China, a decrease in travel spend and the uncertainty in the US ** It
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Motor racing-Sainz and Perez turn the page after Baku smash

Motor racing-Sainz and Perez turn the page after Baku smash By Rae Wee SINGAPORE, Sept 19 (Reuters) - Red Bull's Sergio Perez and Ferrari's Carlos Sainz said they had cleared the air with no hard feelings after last weekend's Azerbaijan Grand Prix collision and hoped for a good race in Singapore on Sunday. The pair crashed out on the penultimate lap in Baku while fighting for third place, a collision that contributed to McLaren going 20 points clear in the championship.
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Cenbank divergences ending, apart from Japan - Amundi

LIVE MARKETS-Cenbank divergences ending, apart from Japan - Amundi STOXX 600 up 1.3% Fed cuts by 50 bps, eyes on BoE Ocado top index after results Miners, autos surge, utilities down 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 CENBANK DIVERGENCES ENDING, APART FROM JAPAN - AMUNDI It has been an eventful week for central bank activity.
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R&D picks in Europe

LIVE MARKETS-R&D picks in Europe STOXX 600 up 1.3% Fed cuts by 50 bps, eyes on BoE Ocado top index after results Miners, autos surge, utilities down 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 R&D PICKS IN EUROPE Research and development (R&D) has become a top priority for countries aiming to stay competitive in the global marketplace.
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Motor racing-Ferrari more of a threat than Red Bull, says Norris

Motor racing-Ferrari more of a threat than Red Bull, says Norris By Alan Baldwin LONDON, Sept 16 (Reuters) - Lando Norris pointed to Ferrari as a bigger threat than Red Bull after his McLaren team roared to the top of the Formula One constructors' standings for the first time in more than a decade. Oscar Piastri's impressive victory and Norris' fine fourth place with fastest lap, from 15th on the grid, in Azerbaijan on Sunday catapulted McLaren 20 points clear of faltering champions Red Bull.
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