By Nicholas P. Brown NEW YORK, Dec 17 (Reuters) – Nike investors will look for signs this week that the recovery glimpsed last quarter is sustainable and that a bigger marketing budget is helping the sportswear maker claw back market share lost to nimbler rivals. Nike, long synonymous with sport, is trying to regain momentum …
Big marketing push by Nike is unlikely to boost earnings just yet Read More »
By Muvija M and Catarina Demony LONDON, Dec 17 (Reuters) – Britain on Wednesday said it was giving Russian oligarch Roman Abramovich a final chance to give Ukraine 2.5 billion pounds ($3.33 billion) from the sale of Chelsea Football Club or face potential legal action. Britain sanctioned Abramovich in a crackdown on Russian oligarchs after …
UK tells Abramovich to give Chelsea sale cash to Ukraine or face court Read More »
MADRID, Dec 17 (Reuters) – Spain’s Criteria has bought a 2% stake in energy firm Naturgy for around 485 million euros ($568 million), lifting its holding to 25.986%, a spokesperson for Criteria said on Wednesday following a filing to market supervisor CNMV. The Spanish company, which remains the largest shareholder in Naturgy, snapped up this …
Criteria lifts Naturgy stake to 26% after buying 2% from BlackRock Read More »
By Catarina Demony and Muvija M LONDON, Dec 17 (Reuters) – Britain and the European Union agreed on Wednesday to allow UK students to rejoin the bloc’s popular student exchange programme Erasmus+ from 2027, a small but symbolic sign of improved relations after Brexit. The UK contribution for the 2027/28 academic year will be 570 …
UK to rejoin EU’s Erasmus+ student exchange scheme in 2027 Read More »
LONDON, Dec 17 (Reuters) – Swiss bank UBS said on Wednesday it had hired a senior executive from Britain’s Legal & General to co-head an expanded $1.8 trillion direct investments unit. UBS said it would combine its direct public and private markets investments units as part of the changes, which account for the bulk of …
UBS hires L&G’s CIO to co-head $1.8 trillion investments unit Read More »
Dec 17 (Reuters) – Spain’s Telefonica has presented a final proposal to cut more than 4,500 jobs across several units in Spain, union representatives said on Wednesday, describing the plan as fully voluntary following changes introduced during negotiations. The proposal foresees 3,765 departures at Telefonica’s core Spanish operations, alongside a further 599 cuts at its …
Unions say Telefonica scales back Spain layoff plan by a quarter Read More »
By Angelo Amante and Giuseppe Fonte ROME, Dec 17 (Reuters) – Italian Prime Minister Giorgia Meloni said on Wednesday she was not ready to back a trade agreement between the European Union and the South American trade bloc Mercosur, dealing a blow to hopes of finalising the deal in the coming days. European Commission President …
Italy’s Meloni says it’s still ‘premature’ to sign EU-Mercosur trade deal Read More »
By Emma Farge and Olivia Le Poidevin GENEVA, Dec 17 (Reuters) – Countries are making progress on reforming the World Trade Organization (WTO) but will fall short of clinching a deal at a major meeting early next year, the ambassador leading the talks said in a confidential document. Observers say reforms at the 30-year-old trade …
WTO chair rules out reform deal at next major meeting, document shows Read More »
By Kate Abnett and Charlotte Van Campenhout BRUSSELS, Dec 17 (Reuters) – The European Parliament on Wednesday approved the EU’s plan to phase out Russian gas imports by late 2027, clearing the penultimate legal hurdle before the ban becomes law. The EU agreed earlier this month on legislation to cut ties with Europe’s former top …
EU Parliament approves phase out of Russian gas imports Read More »
BERLIN, Dec 17 (Reuters) – Franco-German defence group KNDS plans to launch an initial public offering in Paris and Frankfurt next year, it said on Wednesday, hoping to tap into strong investor interest in defence stocks. The long-expected IPO, which is subject to market conditions, will support KNDS’ long-term growth strategy, broadening its access to …
European defence group KNDS plans dual listing in 2026 Read More »
