Author: Fiona Craig

Galileo Resources Plc (LSE:GLR) has reported results from a completed drilling programme at its Molefe copper project in Zambia, confirming continuity of mineralisation and extending the identified strike length by approximately 380 metres.

The programme increased the estimated strike length of mineralisation from 930 metres to 1,310 metres and provided geological information to support mine development planning and the identification of locations for future infrastructure.

The work was carried out under a collaboration and project development agreement signed with Jubilee Metals Group PLC (LSE:JLP) on 27 November 2025.

Drilling Programme Confirms Eastern Extension

The drilling programme comprised 23 holes totalling 1,851.5 metres, with nine holes covering 552.6 metres designed to assess the continuity, geometry and copper grades of mineralisation along the eastern section of the ore zone.

The remaining 14 holes, totalling 1,298.9 metres, were drilled to assess areas proposed for waste rock disposal, tailings storage, processing facilities and other mine infrastructure.

Results from the mineralisation-focused drilling confirmed the continuation of copper mineralisation eastwards, increasing the identified strike length by approximately 380 metres.

Among the reported intercepts, drill hole MNKDD021 returned 3.10 metres grading 2.97% total copper (TCu), while MNKDD027 intersected 10.5 metres at 1.24% TCu. Drill hole MNKDD029 recorded 12.5 metres grading 1.51% TCu.

The results have been incorporated into the project’s development planning and mine scheduling work.

Mine Schedule Targets Approximately One Million Tonnes of Oxide Copper

Galileo has submitted a mine development plan and schedule to Jubilee for consideration, incorporating information from the drilling programme and in-pit sampling.

The proposed schedule targets an oxide copper reef comprising approximately one million tonnes at grades of at least 1.30% total copper.

Within that total, approximately 240,000 tonnes grading 1.45% TCu are associated with pits 2 and 3, which have been identified as the initial mining targets.

Galileo emphasised that the drilling and sampling results were collected specifically to support mine scheduling and do not constitute a mineral resource estimate under any recognised reporting standard.

The newly identified eastern extension of mineralisation has not been included in the current mine schedule.

Infrastructure Planning Supported by Condemnation Drilling

The condemnation drilling programme assessed areas within the Molefe licence where future mining infrastructure could be located without unnecessarily restricting access to mineralised zones.

The work identified areas considered suitable for waste rock disposal, tailings facilities and a processing plant.

These findings have been incorporated into the mine development plan submitted to Jubilee.

The information is intended to support decisions on infrastructure placement and the sequencing of potential mining activities.

Development Recommendations Submitted to Jubilee

Galileo said the completed programme had provided additional geological information for mine planning and potential future development at Molefe.

The company has submitted its mine development plan, mining schedule and recommendations for subsequent work to Jubilee under the existing collaboration agreement.

Colin Bird, chairman of Galileo Resources, commented:

“We are pleased to be able to increase the strike length of mineralisation providing additional potential tonnes for mining and processing. The data collected has been included in a mine development plan and mine schedule and recommendations for subsequent development provided to Jubilee. Drilling has also enabled detailed planning to be undertaken with regard to future infrastructural development.”

The next stages of project development will depend on consideration of the submitted plans and recommendations.

More About Galileo Resources

Galileo Resources Plc is a London-listed mineral exploration and development company with projects focused on identifying and evaluating mineral deposits.

The Molefe Project in Zambia is being advanced under a collaboration agreement with Jubilee Metals Group, with current activities focused on defining copper mineralisation, preparing mine schedules and evaluating infrastructure requirements.

Gold prices moved lower on Thursday as investors assessed the Federal Reserve’s decision to leave interest rates unchanged and awaited US inflation figures for further indications of the central bank’s monetary policy outlook.

Spot gold declined 0.7% to $4,038.49 per ounce at 00:51 ET (04:51 GMT), while US gold futures slipped 0.1% to $4,049.72.

Other precious metals also recorded declines, with silver, platinum and palladium trading lower. The US Dollar Index edged up to 102.20.

Spot Gold Falls Following Three Sessions of Moderate Gains

Gold prices declined after three consecutive trading sessions of modest increases.

Spot bullion fell to $4,038.49 per ounce, representing a decrease of 0.7%, while US futures traded at $4,049.72, down 0.1%.

The movements followed the Federal Reserve’s latest monetary policy announcement, which left its benchmark interest rate unchanged.

Although the decision had been widely anticipated, the central bank provided limited information about the timing of future interest rate adjustments.

Market participants continued to consider the possibility of another rate increase in December as elevated energy costs remained relevant to US inflation expectations.

Silver and Platinum Drop 1.4% as Palladium Also Declines

Selling extended across several precious metals during Thursday’s session.

Silver declined 1.4% to $53.2295 per ounce, while platinum also fell 1.4%, reaching $1,520.17.

Spot palladium decreased 0.7% to $1,009.02 per ounce.

Palladium futures recorded a larger percentage decline of 1.1%, trading at $1,002.25.

Meanwhile, the US Dollar Index increased slightly to 102.20.

The price movements occurred ahead of the release of US inflation figures and amid continued attention to the Federal Reserve’s policy direction.

Fed Maintains Benchmark Rate Following 10-2 Vote

The Federal Open Market Committee voted 10-2 to keep its benchmark interest rate unchanged.

The outcome matched market expectations, but the accompanying statements did not establish a specific timetable for additional monetary policy adjustments.

Federal Reserve Chair Kevin Warsh also discussed a potential change to the central bank’s decision-making calendar.

According to Warsh, the Fed could reduce its number of scheduled annual policy decisions from eight to six beginning next autumn.

The proposed adjustment would change the frequency of scheduled decisions without determining their monetary policy outcomes.

Investors continued to assess whether further tightening could occur before the end of 2026.

September PCE Report Expected to Provide Inflation Update

The next scheduled economic release attracting market attention was the September US Personal Consumption Expenditures price index.

The PCE measure is closely monitored by the Federal Reserve when assessing inflation and determining monetary policy.

Investors were awaiting the figures to evaluate the direction of price pressures in the US economy.

Elevated energy prices remained an important consideration, particularly as markets continued to anticipate a possible rate increase in December.

The inflation report was therefore expected to contribute to expectations surrounding the Fed’s remaining policy decisions for the year.

Technology Share Declines Affect Gold Trading

Gold market activity was also influenced by developments in equity markets.

Investors were examining the financial effects of substantial artificial intelligence investment by major technology companies, including the implications for corporate cash flow.

During the preceding week, a decline in AI-related equities led some investors to liquidate gold holdings to offset losses elsewhere in their portfolios.

Those transactions contributed to gold reaching its lowest level since July.

The metal had fallen 2.5% during October and was on course to register a second consecutive monthly decline.

The developments demonstrated that gold prices can respond to portfolio liquidity requirements as well as monetary policy expectations.

Central Banks Purchased an Estimated 79 Tonnes in August

Purchases by monetary authorities continued to represent a source of demand for physical gold.

Goldman Sachs estimated that central banks acquired 79 tonnes of the metal during August.

The estimated volume was almost five times the average monthly amount recorded before 2022.

China accounted for 25 tonnes of the reported purchases.

The figures indicated continued official-sector participation in the gold market despite recent price declines.

Central bank purchases were being monitored separately from short-term investment flows and changes in financial market conditions.

Gold Bullion Company Highlights Role of Official-Sector Purchases

Rick Kanda, managing director of The Gold Bullion Company, commented on the relationship between central bank buying and longer-term gold prices.

Kanda noted that purchases by monetary authorities contribute to demand alongside interest rates, investor sentiment and geopolitical developments.

He stated:

“However, sustained central bank demand could nevertheless help maintain prices over the long term.”

The comments presented the view that continued official-sector purchases could provide support for gold demand over an extended period.

They came as market participants assessed the metal’s recent decline and the outlook for US monetary policy.

Inflation Data and Fed Expectations Remain Central to Gold Trading

Thursday’s decline in gold prices followed the Federal Reserve’s decision to maintain interest rates and preceded the publication of September’s PCE inflation figures.

The possibility of another rate increase, elevated energy costs and developments in technology shares remained relevant to market expectations.

Meanwhile, estimates of central bank purchases indicated continued demand from monetary authorities.

These factors provided the immediate context for movements in gold futures and spot precious metal prices.

International oil prices declined on Thursday as reports of renewed diplomatic efforts involving Iran and the United States affected market expectations, while military activity in the Middle East continued to raise questions about the security of energy supplies.

Brent crude futures fell $1.27, or 1.1%, to $114.05 per barrel by 09:22 GMT. US West Texas Intermediate (WTI) crude futures declined $1.51, equivalent to 1.5%, to $101.27 per barrel.

The movements followed gains in the previous session, when Brent rose 1.3% and WTI advanced 3%.

Oil Benchmarks Reverse Part of Wednesday’s Increase

Crude oil futures traded lower on Thursday following reports of diplomatic initiatives intended to reduce the conflict involving Iran, the United States and Israel.

Brent declined to $114.05 per barrel, while WTI fell to $101.27.

The respective decreases of 1.1% and 1.5% partially reversed Wednesday’s increases.

Oil traders were weighing the possibility of progress in negotiations against reports of attacks affecting regional energy infrastructure and shipping.

Developments in Russian refining operations and US petroleum inventories also contributed to the market’s assessment of supply conditions.

JD Vance Reportedly Sends Letter to Iranian Security Official

The Wall Street Journal reported on Wednesday that US Vice President JD Vance had contacted Mohsen Rezaei, the head of Iran’s Security Council, through a letter intended to restart peace negotiations.

The report cited US officials and people familiar with the communication.

UBS analyst Giovanni Staunovo attributed the decline in oil prices to the latest diplomatic activity.

“Oil prices are under pressure today amid renewed diplomatic efforts to de-escalate the conflict in the Middle East,” Staunovo said.

The reported contact came as regional mediators continued efforts to establish terms for an agreement.

Qatar Presents New Proposal as Iranian Official Rejects Terms

Mediators from Qatar submitted a revised draft agreement to Iran aimed at ending the conflict involving Tehran, Washington and Israel.

The development was reported by an official briefed on the negotiations.

A senior Iranian official subsequently rejected the proposal, indicating that its contents were unacceptable and did not amount to a formal offer.

Separately, Iran’s foreign minister said on Wednesday that the country continued to give diplomatic negotiations an opportunity to succeed.

The minister also indicated that Tehran’s seven-day plan could potentially be completed in less than seven days if the proposal were adopted.

The statements provided differing indications concerning the progress of the diplomatic process.

Saudi Coalition Reports Missile Interception

Military activity involving Yemen’s Houthi movement continued during the period.

The Saudi-led coalition fighting the Houthis announced on Thursday that it had destroyed a ballistic missile launched toward Saudi Arabia’s eastern region.

The coalition’s statement followed reports of additional attacks involving the group.

Yemeni government forces said the Houthis had attacked Aden airport on Wednesday.

A day earlier, the Houthis claimed responsibility for a missile strike against Saudi Arabia’s largest oil refinery.

The incidents maintained attention on the potential effects of regional hostilities on energy production and transportation.

Market participants were also considering concerns about possible US military action against Iran after the November 3 midterm elections.

Three Tankers Reportedly Strike Mines Near Hormuz

Iran’s Revolutionary Guards said three oil tankers had encountered sea mines while travelling along an unauthorised route south of the Strait of Hormuz.

According to the Iranian statement, the vessels experienced explosions and fires during incidents occurring over the preceding 24 hours.

The reported events added to concerns surrounding maritime operations near one of the principal shipping routes for Persian Gulf oil exports.

The Strait of Hormuz is an important passage for international crude shipments, making developments affecting vessel movements relevant to oil market supply expectations.

Russian Refinery Throughput Rises to 4 Million Barrels a Day

Analysts at JPMorgan reported an increase in Russian refinery activity following the absence of further confirmed strikes on the country’s refining infrastructure.

In a note issued late Wednesday, they stated:

“Since the October 15 strike on the Ryazan refinery, there have been no further confirmed attacks on Russian refining infrastructure,”

The analysts continued:

“The silence has allowed Russian refinery runs to rebound by 350,000 barrels a day last week, to 4 million barrels a day.”

The reported increase in processing activity followed the October 15 attack on the Ryazan facility.

Expectations of additional crude and diesel supply from Russia contributed to the factors limiting oil price increases during Thursday’s trading.

US Crude Stocks Fall Against Expectations for a Small Build

The US Energy Information Administration reported a reduction in crude oil inventories for the week ended October 23.

Commercial crude stocks declined by 1.9 million barrels.

A Reuters survey of analysts had indicated expectations for an increase of 15,000 barrels.

The difference between the reported inventory change and the forecast provided additional information about US crude market conditions.

However, the agency’s gasoline inventory figures showed an increase rather than a decline.

Gasoline Inventories Rise Despite Forecast Decline

US gasoline stockpiles increased by 3.9 million barrels during the same reporting period.

Analysts surveyed by Reuters had expected gasoline inventories to decrease by approximately 900,000 barrels.

The reported increase therefore exceeded expectations and contrasted with the decline in crude oil stocks.

The inventory figures showed different developments across crude oil and refined petroleum products.

Oil Market Focus Remains on Diplomatic and Supply Developments

Thursday’s decline in Brent and WTI prices occurred against a combination of diplomatic initiatives and continuing military activity in the Middle East.

Reports of renewed contact between the United States and Iran were accompanied by further incidents involving the Houthis and vessels near the Strait of Hormuz.

At the same time, higher Russian refinery throughput and changes in US oil and gasoline inventories contributed to assessments of petroleum supply conditions.

These developments formed the immediate context for the decline in international oil futures.

European Central Bank (ECB) President Christine Lagarde has announced her resignation, with her departure scheduled for February 7, 2027, according to an ECB statement issued on Thursday, October 29, 2026.

The announcement brings forward the end of Lagarde’s presidency by approximately eight months, as her term had originally been scheduled to conclude at the end of October 2027.

Lagarde Informs ECB Governing Council of Departure

The ECB said Lagarde had formally communicated her decision to the bank’s Governing Council and European Council President Antonio Costa.

The central bank stated:

“European Central Bank President Christine Lagarde today informed the Governing Council and European Council President Antonio Costa that she will leave her post on 7 February 2027,”

The announcement establishes February 7, 2027, as the date on which Lagarde is expected to leave her position.

The statement provided in the source material did not identify a successor or specify arrangements for the transition.

Departure Scheduled Before October 2027 Term Expiry

Lagarde’s term as ECB president was originally due to expire at the end of October 2027.

Her announced departure on February 7 would therefore take place approximately eight months before the scheduled conclusion of her mandate.

Reports concerning a possible early departure had circulated for several months before the announcement.

Those reports had identified the World Economic Forum as a possible next destination for Lagarde, although the ECB statement quoted in the source material did not confirm any subsequent appointment.

ECB Interest Rate Decision Scheduled for Thursday

The resignation announcement comes on the same day as the ECB’s scheduled monetary policy decision.

The central bank is due to announce its interest rate decision at 2:15 p.m. Italian time on Thursday, October 29.

Lagarde’s regular press conference is scheduled to follow at 2:45 p.m. Italian time.

The interest rate announcement and subsequent press conference are separate from the statement concerning her departure.

ECB Leadership Transition Ahead

Lagarde’s departure will create a leadership vacancy at the European Central Bank before the original expiry of her term.

The supplied announcement does not provide details concerning the selection of a successor or the timetable for appointing a new president.

For the immediate term, the ECB’s scheduled monetary policy announcement and Lagarde’s accompanying press conference remain the next events on the institution’s calendar.

Campari Group (BIT:CPR) reported third-quarter sales of €777 million, exceeding analyst expectations of €761.8 million, as organic revenue growth continued across its principal markets. However, shares in the Italian spirits producer declined 5.12% on Thursday morning after the company forecast a marginal decrease in US net sales for the full financial year.

Campari maintained its group-wide outlook for organic net sales growth of approximately 3% in 2026, while indicating that market conditions and comparisons with the previous year would affect its US business.

Third-Quarter Sales Reach €777 Million

Campari recorded third-quarter sales of €777 million, above the analyst consensus estimate of €761.8 million.

Organic net sales increased 3.4% during the quarter, marking the company’s sixth consecutive quarter of organic growth.

For the nine months ended September 30, 2026, total net sales reached €2.289 billion, representing a reported increase of 0.4% compared with the corresponding period last year.

Organic sales growth for the nine-month period was 2.9%.

The figures reflected continued organic growth despite a smaller increase in reported revenue over the first nine months of the financial year.

Campari Maintains Full-Year Organic Sales Growth Guidance

Campari reaffirmed its expectation for organic net sales growth of approximately 3% for the full 2026 financial year.

The company maintained this forecast despite the market conditions affecting parts of its business, particularly in North America.

Chief Executive Officer Simon Hunt commented on the company’s trading performance:

“We have delivered our sixth consecutive quarter of organic net sales growth, while continuing to outperform the industry and gain share in our key markets, thanks to our priority brands,”

The company attributed its organic sales performance to its principal brands and activity across its geographic markets.

US Sales Expected to Decline Marginally in 2026

Campari revised its expectations for the US market and now anticipates a marginal decline in net sales for the full year.

The company cited reduced performance in certain product categories and a demanding comparison with the fourth quarter of the previous year.

North America represents approximately 36% of group sales.

Revenue in the region increased 1.0% organically during the reporting period, supported by sales of tequila and aperitif products in the United States.

However, the company reported differences in performance across its broader portfolio, with some categories facing lower demand.

The revised US outlook was announced alongside the third-quarter results and the confirmation of group-wide annual guidance.

Europe Records 3.4% Organic Growth

Europe, which accounts for approximately 46% of Campari’s group sales, reported organic revenue growth of 3.4%.

The company identified Italy and the United Kingdom as contributors to the region’s performance.

Sales growth in these markets supported the overall European result during the reporting period.

Europe remained the company’s largest geographic market by share of group sales.

Emerging Markets Grow 9.3%

Campari reported organic sales growth of 9.3% across its emerging markets.

The company identified Brazil and Argentina as the principal contributors to this increase.

The growth rate exceeded those reported in Europe and North America.

The geographic results showed differences in organic sales performance, with emerging markets recording the highest percentage growth among the regions highlighted.

Campari Expects Adjusted EBIT Margin Expansion

Campari maintained its expectation for an improvement in its organic adjusted EBIT margin for the full year.

The company’s outlook includes an estimated €20 million impact from US tariffs.

Campari also reported receiving €15 million in refunds relating to US tariffs imposed in 2025.

According to the company, part of the refunded amount was reinvested in the business, while the remainder was used to offset cost pressures.

The company retained its margin improvement outlook while incorporating the effects of tariffs and its updated expectations for US sales.

More About Campari Group

Campari Group (BIT:CPR) is an Italian producer and distributor of alcoholic beverages, including spirits and aperitifs.

The company operates across Europe, North America and emerging markets, with a portfolio that includes tequila and aperitif products.

Its financial performance is measured through reported and organic net sales growth, geographic revenue trends and adjusted EBIT margins.

TotalEnergies SE (LSE:TTE) reported a 51% quarter-on-quarter increase in adjusted net income to $9.10 billion for the third quarter of 2026, compared with $6.03 billion in the preceding quarter. The French energy company attributed the increase to higher European refining margins and natural gas prices.

The group also authorised share repurchases of $2.50 billion for each of the fourth quarter of 2026 and the first quarter of 2027, while confirming its third interim dividend for the financial year.

Third-Quarter Adjusted Earnings Increase 51%

TotalEnergies reported adjusted net income of $9.10 billion for the three months ended September 30, 2026, up from $6.03 billion in the second quarter.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 35% to $17.81 billion, compared with $13.18 billion in the previous quarter.

Net income attributable to TotalEnergies shareholders rose 52% to $8.26 billion, from $5.44 billion in the second quarter.

Chief Executive Patrick Pouyanné referred to the market conditions affecting the group’s quarterly performance, stating:

“In a high-price environment characterized by historic refining margin levels and a bull gas market,”

The company identified European refining margins and natural gas prices as factors contributing to the increase in quarterly earnings.

Operating Cash Flow Rises 25% to $12.26 Billion

TotalEnergies reported cash flow from operations excluding working capital of $12.26 billion in the third quarter, representing a 25% increase from $9.80 billion in the preceding three months.

The increase accompanied higher adjusted EBITDA and net income during the reporting period.

The group’s gearing ratio declined to 9.1% at September 30, 2026, compared with 13.1% at June 30, 2026.

The reduction reflected a lower reported gearing level at the end of the third quarter.

European Refining Margins Increase to $33.2 per Barrel

The European Refining Margin Marker reached $33.2 per barrel during the third quarter, compared with $13.5 per barrel in the second quarter.

The increase coincided with higher refinery processing volumes across TotalEnergies’ operations.

Total refinery throughput rose to 1.56 million barrels per day, from 1.43 million barrels per day in the preceding quarter, representing an increase of approximately 9.1%.

The company reported that higher refining margins contributed to its quarterly earnings performance.

Hydrocarbon Production Reaches 2.47 Million Barrels per Day

TotalEnergies reported hydrocarbon production of 2.47 million barrels of oil equivalent per day during the third quarter of 2026.

This represented a 3% increase from the 2.40 million barrels of oil equivalent per day recorded in the second quarter.

The production increase occurred alongside higher refining throughput and the rise in natural gas prices reported by the company.

TotalEnergies Authorises $2.50 Billion in Quarterly Share Buybacks

The board of directors authorised share repurchases of $2.50 billion for the fourth quarter of 2026 and a further $2.50 billion for the first quarter of 2027.

The authorisations cover two consecutive quarters and represent a combined $5.00 billion in planned share repurchases.

TotalEnergies also confirmed a third interim dividend of €0.90 per share for the 2026 financial year.

The dividend represents an increase of 5.9% compared with the corresponding payment for 2025.

The shareholder distribution announcements accompanied the company’s third-quarter results, which included higher adjusted earnings, operating cash flow and hydrocarbon production compared with the preceding quarter.

More About TotalEnergies

TotalEnergies SE (LSE:TTE) (EU:TTE) is a French integrated energy company with activities spanning oil and natural gas production, refining and other energy operations.

Its financial and operational performance is measured through indicators including adjusted net income, adjusted EBITDA, operating cash flow, hydrocarbon production, refining margins and refinery throughput.

Renault SA (EU:RNO) reported a 1.5% year-on-year increase in third-quarter revenue to €11.60 billion, exceeding market expectations as growth in electric vehicle sales and its financing division accompanied a decline in overall vehicle deliveries. The French automotive manufacturer maintained its financial guidance for 2026.

At constant exchange rates, group revenue increased 1.4% during the July-to-September quarter, compared with a Visible Alpha consensus forecast for a 0.3% decline.

Third-Quarter Revenue Exceeds Market Expectations

Renault’s automotive division generated revenue of €9.84 billion during the third quarter, broadly unchanged from the corresponding period last year.

Mobilize Financial Services, the group’s financing business, reported an 11% increase in revenue to €1.76 billion.

The company attributed the division’s growth to higher interest rates and an increase in average performing assets.

The performance of the financing division contributed to overall revenue growth despite lower vehicle sales volumes across the group.

Vehicle Sales Decline 6% to 497,799 Units

Renault reported worldwide vehicle sales of 497,799 units during the third quarter, representing a 6% decrease compared with the previous year.

Sales performance varied across the group’s automotive brands.

Dacia recorded a 12.8% decline in sales, partly reflecting a higher comparison base in the corresponding quarter of 2025.

Sales under the Renault brand decreased 2.9%, while Alpine reported a 58.4% increase in volumes.

The figures reflected differences in sales trends across the group’s individual brands during the quarter.

Electric Vehicle Sales Increase 84.7% in Europe

Renault reported an 84.7% year-on-year increase in electric vehicle sales in Europe during the third quarter.

Battery-electric vehicles accounted for 25.8% of the group’s passenger car sales, an increase of 12.2 percentage points compared with the previous year.

Including full hybrid and plug-in hybrid models, electrified vehicles represented 54.9% of Renault’s passenger car sales.

The figures indicate a higher proportion of electrified models within the group’s European passenger car sales mix, despite the decline in overall vehicle volumes.

Renault Maintains 2026 Operating Margin and Cash Flow Guidance

Renault reaffirmed its financial targets for the full 2026 financial year.

The company continues to expect a group operating margin of approximately 5.5% of revenue and automotive free cash flow of around €1 billion.

Management anticipates a slight improvement in the operating margin during the second half of the year compared with the first six months.

However, Renault expects the usual seasonal increase in profitability to be less pronounced, citing higher raw-material costs and inflation.

The company maintained these forecasts following the third-quarter trading update.

Nine-Month Revenue Rises 7.1% to €41.85 Billion

For the first nine months of 2026, Renault reported group revenue of €41.85 billion, representing a 7.1% increase compared with the corresponding period last year.

Total vehicle sales declined 2.2% to approximately 1.66 million units over the same period.

The nine-month results reflected revenue growth alongside a reduction in overall vehicle volumes, with the group’s financing operations and electric vehicle sales contributing to its trading performance.

More About Renault

Renault SA (EU:RNO) is a French automotive manufacturer operating through the Renault, Dacia and Alpine brands.

The group also provides vehicle financing and related financial services through Mobilize Financial Services.

Its financial and operational performance is measured through vehicle sales volumes, revenue, operating margins, automotive free cash flow and the development of its electric and hybrid vehicle portfolio.