By Emma Rumney LONDON (Reuters) -Remy Cointreau CEO Eric Vallat has resigned to pursue another professional project after more than five years leading the French cognac maker, the company said on Wednesday. Vallat’s resignation comes as Remy finds itself at the sharp end of trade disputes affecting sales in its two biggest markets, the United …
By Florence Loeve (Reuters) – Three independent members of STMicroelectronics’ supervisory board blocked the appointment of Italian Marcello Sala to the Franco-Italian chipmaker’s board, vetoing support from French members, its chairman said on Wednesday. The independent members collectively hold a veto right, Nicolas Dufourcq said in a statement sent to Reuters. “We must respect the …
STMicro independent board members block appointment of Italy’s Sala Read More »
(Reuters) -British medical property owner REIT Assura has agreed to a 1.61 billion pound ($2.06 billion) takeover bid from KKR and Stonepeak Partners, after rejecting a lower cash-and-stock proposal from peer Primary Health Properties. Assura joins a growing list of UK companies bought out and taken private by overseas private equity firms or investment companies, …
UK’s Assura agrees to $2.06 billion takeover by KKR-Stonepeak Read More »
(Reuters) -British stocks ended lower on Wednesday, dragged by heavyweight pharmaceutical stocks, while markets remained focused on tariff escalations between the U.S. and China. The blue-chip FTSE 100 slipped 2.9%, after recording its strongest session since March 2022 in the previous one. The domestically focused midcap index fell 2.5%. Hopes for concessions faded after rounds …
Healthcare sector leads British stocks lower as trade war intensifies Read More »
(Reuters) – Germany’s ThyssenKrupp AG is exploring exit options for its materials trading subsidiary that could be valued at as much as 2 billion euros ($2.21 billion), Bloomberg News reported on Wednesday, citing people familiar with the matter. The company has held talks with potential advisors as it seeks options for Thyssenkrupp Materials Services, including …
Thyssenkrupp explores exit options for materials trading unit, Bloomberg News reports Read More »
By Francesca Landini RAVENNA, Italy (Reuters) – Eni expects investors interested in a minority stake in its renewables and retail arm, Plenitude, to value the business at more than 10 billion euros ($11 billion) including debt, one of the Italian energy group’s executives said on Wednesday. Under its so-called satellite strategy, Eni plans to sell …
Eni expects investors to value Plenitude at more than $11 billion Read More »
By Sukriti Gupta and Lisa Pauline Mattackal (Reuters) -European shares tumbled further on Wednesday as China more than doubled its tariffs on U.S. imports, with healthcare stocks leading declines after U.S. President Donald Trump threatened more sector-specific tariffs. The pan-European STOXX 600 slumped 3.5%, as the previous session’s rally fizzled out. The healthcare sector fell …
European shares resume selloff as trade war escalates; healthcare slumps Read More »
By Amir Orusov (Reuters) -Traton reported a 10% drop in first-quarter deliveries and said the quarter’s operating will fall short of market expectations, Volkswagen’s trucks business said on Wednesday. The company said it sold 73,100 trucks and buses in the first quarter, compared with 81,100 a year earlier, citing a challenging market environment. Preliminary operating …
VW’s Traton warns of lower than expected quarterly operating profit after 10% sales drop Read More »
(Reuters) -Airbus delivered 71 jets in March, the planemaker confirmed on Wednesday, bringing first-quarter deliveries to 136, down from 142 a year earlier. The world’s largest planemaker also booked 280 orders for a net total of 204 after adjusting for cancellations. The delivery total for March confirms a figure previously reported by Reuters. Airbus has …
By Alvise Armellini ROME (Reuters) – Italy’s government has brokered a deal between Turkish home appliances maker Beko and trade unions to reduce planned job cuts in the country, Industry Minister Adolfo Urso said on Wednesday. Beko, owned by Arcelik, said in November it was planning to cut almost 2,000 positions as part of a …
Italy strikes deal with Turkey’s Beko to reduce job cuts, minister says Read More »
