By Valentina Za MILAN (Reuters) – Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities. With 140 direct lending deals completed over the past 45 quarters, Italy accounts for just …
Ares Management leads private credit drive in Italy Read More »
By Louis van Boxel-Woolf (Reuters) -Shares in Aurubis fell as much as 8.8% on Monday after third-quarter earnings at Europe’s largest copper producer missed expectations. The group’s quarterly earnings before tax (EBT) rose five-fold to 90 million euros ($98 million) from the same period last year, which was affected by a major metals theft at …
Copper producer Aurubis slides after Q3 earnings miss Read More »
(Reuters) – Britain’s auto industry body cut its 2024 forecast for new car sales on Monday, saying weak private retail demand for electric vehicles (EVs) is an overriding concern. New car sales this year are expected to be at 1.97 million units, down from an earlier forecast of 1.98 million units, the Society of Motor …
UK car industry body cuts 2024 sales forecast on weak EV demand Read More »
By Olivier Cherfan (Reuters) – Dutch postal firm PostNL beat expectations for second-quarter operating profit on Monday, supported by higher prices and an election-related boost to domestic mail volumes. Its shares fell initially following a miss in parcel volumes, but quickly reversed course to trade 5.2% higher by 0837 GMT. PostNL, which delivers parcels and …
PostNL beats Q2 profit forecast on election boost, higher prices Read More »
By Pranav Kashyap (Reuters) -European shares fell to near six-month lows amid a global selloff in equities on fears of a slowdown in U.S. economic growth, with only a handful of stocks trading in the green. The pan-European STOXX 600 index was down 2.2% to 487.15 points, its lowest since Feb. 14, by 0827 GMT. …
European stocks drop as U.S. recession worries spark global selloff Read More »
By Shanima A (Reuters) – Dubai’s Sidara said on Monday it was walking away from its plan to buy UK’s John Wood Group, citing rising geopolitical risks and uncertainty in the financial market, prompting the British engineering group’s shares to plunge 40%. Wood had rejected Sidara’s previous four buyout attempts, citing valuation concerns. The Dubai-based …
Sidara drops plans to buy UK’s Wood Group citing geopolitical risks Read More »
By Hakan Ersen and Miranda Murray BERLIN (Reuters) -Infineon will cut 1,400 jobs and relocate 1,400 more, its CEO said on Monday, after third-quarter revenue missed expectations, prompting the German chipmaker to downgrade its full-year forecast for the third time in just a few months. The firm, which has around 58,600 staff worldwide according to …
Infineon cuts jobs and revenue guidance after Q3 miss Read More »
By Maria Martinez BERLIN (Reuters) – Investor morale in the euro zone fell for a second consecutive month in August, a survey showed on Monday, dropping to its lowest level since January. The Sentix index for the euro zone fell to -13.9 points for August from -7.3 in July. Analysts polled by Reuters had expected …
Euro zone investor morale slumps in August, expectations plummet Read More »
LONDON (Reuters) – British services companies reported an influx of new orders and the biggest rise in employment for over a year during July as optimism rose on the back of Prime Minister Keir Starmer’s election victory, a survey showed on Monday. The S&P Global UK Services Purchasing Managers Index rose in July to 52.5 …
Growth picks up among UK services firms after election result, PMI shows Read More »
ZURICH (Reuters) -The Swiss franc rose to its highest level against the euro in nearly a decade on Monday as heavy losses in stock markets, concerns over U.S. and global growth and tensions in the Middle East drew investors to the safe-haven currency. The franc has risen some 3.5% against the euro since the U.S. …
Swiss franc hits highest vs euro since 2015 amid volatile markets Read More »
