October 24, 2024 - Milan, Italy: Italian engineering firm Maire reported a 63% increase in its net profit for the first nine months of 2024, totaling 144.5 million euros. The company secured new orders worth 3.7 billion euros, raising its total order backlog to 14.8 billion euros. Revenue also saw a significant rise of 33.8%, reaching 4.1 billion euros. Maire reaffirmed its guidance for the full year.
October 24, 2024 - London, UK: The British pound strengthened against both the dollar and the euro, rising by 0.4% to $1.29695. This movement coincided with an increase in British government bond yields as investors evaluated the Bank of England's monetary policy outlook. A report indicated that Finance Minister Rachel Reeves plans to revise the government's approach to public finances, potentially allowing for increased capital spending. The market is currently pricing in an 89% likelihood of a quarter-point interest rate cut at the Bank of England's upcoming meeting.