By Emma-Victoria Farr FRANKFURT (Reuters) -German pharma firm Stada plans to launch its initial public offering (IPO) as soon as Wednesday, two people familiar with the matter said, in a test for Europe’s equity markets. The drug manufacturer, majority-owned by private equity firms Bain Capital and Cinven, is preparing to issue an intention to float …
Stada plans to launch IPO as soon as Wednesday, sources say Read More »
By Shadia Nasralla (Reuters) – A deal for Carlyle to buy assets from Energean for up to $945 million is at risk of collapse as some regulatory hurdles are yet to be cleared ahead of a deadline this week, Energean said on Monday. The two companies reached an agreement last June which would allow private …
Energean says Carlyle deal at risk of collapsing Read More »
LONDON (Reuters) – Britain’s economy will grow more slowly than previously expected in 2025 and 2026 as global growth is hit by uncertainty, the OECD said on Monday, underscoring the challenge facing finance minister Rachel Reeves in her budget update speech next week. The Organisation for Economic Cooperation and Development lowered its forecast for British …
OECD cuts UK growth forecasts as Reeves readies budget update Read More »
By Kate Abnett BRUSSELS (Reuters) – Talks to revive the Nord Stream gas pipelines to relaunch Russian gas flows to Germany would be “completely the wrong direction” to go, Germany’s economy and energy minister said on Monday. The Nord Stream pipelines are by far the biggest potential route for Russian gas to flow to Europe. …
German minister warns Nord Stream pipeline revival would be ‘wrong direction’ Read More »
(Reuters) – Swiss private equity firm Partners Group has sold Greenlink, a 504 megawatt subsea electricity interconnector linking Great Britain and Ireland, to Baltic Cable and Equitix, it said in a statement on Monday. The enterprise value of the transaction is 1 billion euros ($1.09 billion), Partners added in a statement, saying that it was …
Partners Group sells subsea electricity connector for 1 billion euro Read More »
MADRID (Reuters) -U.S. President Donald Trump’s tariff policy has made the European Central Bank’s monetary policy decisions more difficult, its Vice President Luis de Guindos said on Monday. The increased uncertainty caused by Trump’s tariffs “has reduced the clarity regarding future decisions,” de Guindos said in an interview with Spanish radio station Onda Cero. “You …
ECB’s de Guindos: Trump tariffs making monterary policy decisions harder Read More »
BERLIN (Reuters) – Germany’s economic weakness carried over into the start of 2025, but fiscal policy plans by the country’s future government could help stabilise expectations and provide planning security, said the economy ministry in its monthly report on Monday. “Even if foreign and geopolitical uncertainties are unlikely to diminish in the foreseeable future, the …
German spending plans could stabilise expectations, says economy ministry Read More »
ZURICH (Reuters) – UBS on Monday said frequently “ill-informed” public debate about potential risks from its business activities and size has created uncertainties going into 2025 as Switzerland grapples with how to regulate the country’s biggest bank. UBS is facing stricter new banking rules since it expanded through the acquisition of Credit Suisse in 2023 …
UBS says “ill-informed” Swiss debate feeding uncertainty Read More »
(This March 16 story has been corrected to remove reference to Louis Dreyfus Company in paragraph 6) MOSCOW (Reuters) – Steppe Agroholding acquired full control of RZ Agro which it had previously shared with members of the French family of global grain merchant Louis Dreyfus, Interfax reported on Sunday, citing a source familiar with the …
Louis Dreyfus family sells Russian agricultural firm at ‘big discount’, Interfax reports Read More »
PARIS (Reuters) – LVMH label Loewe said on Monday that creative director Jonathan Anderson was leaving the Spanish luxury house after 11 years in the role. Its statement did not say who was taking over from the British designer or where he was going, though some media outlets, including Women’s Wear Daily, have reported that …
LVMH brand Loewe announces departure of creative director Jonathan Anderson Read More »
