Reuters UK Business

Third-largest Generali investor proposes board candidates including Enel, Acea CEOs

28 Mar 2025

MILAN (Reuters) – Generali’s third-largest investor, Italian business tycoon Francesco Gaetano Caltagirone, proposed on Friday a slate of six candidates for the new board of the country’s biggest insurer. Utility Enel’s Chief Executive Flavio Cattaneo, and the CEO of the smaller Rome utility Acea, Fabrizio Palermo, are among Caltagirone’s candidates. The construction and publishing billionaire …

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Exclusive-Buyout, aerospace firms close in on $8 billion-plus Boeing navigation unit, sources say

28 Mar 2025

By Milana Vinn, Dan Catchpole and Mike Stone (Reuters) – Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing’s Jeppesen navigation unit for more than $8 billion, according to people familiar with the matter. Boeing is expected to invite bids for Jeppesen from the suitors …

Exclusive-Buyout, aerospace firms close in on $8 billion-plus Boeing navigation unit, sources say Read More »

UBS joins Wall Street firms in cutting S&P 500’s annual target to below 6500

28 Mar 2025

(Reuters) – UBS Global Wealth Management cut the S&P 500’s 2025 target to below the 6,500 mark, widely mirroring actions from other Wall Street firms including Barclays and Goldman Sachs, due to the economic impact of U.S. tariffs. The wealth management unit of European bank UBS, cut its year-end index target to 6,400 from 6,600 …

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Unipol chair hints that ING could be studying Popolare di Sondrio bid

28 Mar 2025

MILAN (Reuters) – Unipol Chairman Carlo Cimbri said on Friday a foreign bank was studying a potential bid for Popolare di Sondrio to rival the one unveiled by Italy’s BPER Banca. Insurer Unipol is the leading shareholder in both BPER and Pop Sondrio and has thrown its weight behind BPER’s bid for Pop Sondrio. Speaking …

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Banco BPM rebuffs UniCredit’s worries over ability to lend after Anima setback

28 Mar 2025

By Valentina Za MILAN (Reuters) -Banco BPM CEO Giuseppe Castagna on Friday rebuffed concerns raised by suitor UniCredit about the impact on BPM’s ability to lend of a regulatory setback it suffered in its bid for fund manager Anima Holding. BPM said earlier this week it had received a negative opinion from the European Central …

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PayPal’s shares slide as EU lawmaker raises prospect of new fees amid trade tensions

28 Mar 2025

By Manya Saini (Reuters) -PayPal’s shares fell 5% on Friday after comments from a European Union lawmaker raised concerns that payments firms could get swept up in escalating trade tensions and potential tariffs between the U.S. and Europe. Uncertainty over tariffs and mounting trade actions have unsettled global markets, causing volatility, straining supply chains and …

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ISS urges Monte dei Paschi investors to vote against cap hike for Mediobanca bid

28 Mar 2025

MILAN (Reuters) – Leading governance adviser Institutional Shareholder Service (ISS) said on Friday it had recommended that shareholders in Italian lender Monte dei Paschi di Siena vote against a proposed share issue to fund its bid for Mediobanca. ISS said in its report that Monte dei Paschi was proposing “a transformational, almost unparalleled, deal.” The …

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German finance minister warns of tariff hit to U.S. and German economies

28 Mar 2025

By Christian Kraemer BERLIN (Reuters) – Germany’s Finance Minister Joerg Kukies warned on Friday that U.S. tariffs would hit both the German and the U.S. economies and that Berlin was working to prevent an escalating trade war. Kukies made the statement to Reuters after meeting his U.S. counterpart, Treasury Secretary Scott Bessent, and other members …

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Bank of Italy confirms countercyclical capital buffer for banks at zero for Q2

28 Mar 2025

MILAN (Reuters) – The Bank of Italy said on Friday it had confirmed its countercyclical capital buffer (CCyB) for the country’s lenders at zero for the second quarter of this year. The level is “appropriate to the current macro-financial environment”, the central bank said in a statement. (Reporting by Sara Rossi, editing by Gavin Jones)

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