(Reuters) -A consortium consisting of Warburg Pincus and KKR is in talks to acquire German packaging and medical equipment maker Gerresheimer AG, Bloomberg News reported on Wednesday, citing people familiar with the matter. The private equity firms have emerged as the frontrunner after they teamed up and other potential bidders including Bain Capital dropped out, …
By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, will become chief executive of the group’s high-end Italian cashmere label Loro Piana in June, the world’s biggest luxury group said in a statement on Wednesday. The move is part of an ongoing …
LVMH heir Frederic Arnault to head Loro Piana, exit watches division Read More »
PARIS (Reuters) – European Union tariffs on U.S. grains, as part of the bloc’s riposte to Washington’s levies on steel and aluminium, would hurt a European livestock sector reliant on imports for animal feed, industry association FEFAC said on Wednesday. A large EU trade surplus with the United States in agriculture is a common complaint …
EU tariffs on US grains to hit livestock sector, industry group says Read More »
(Reuters) – Raiffeisen’s appeal against a 2 billion euro ($2.18 billion) order to pay damages to Russian firm Rasperia over a collapsed business deal will be heard by a Russian court next month, court filings show. The January damages ruling underscored the perils of doing business in Russia for Raiffeisen Bank International, the largest Western …
Russian court to hear Raiffeisen appeal over 2 billion euro penalty on April 24 Read More »
MADRID (Reuters) – Spain’s BBVA plans to double revenues in its corporate and investment banking unit in the next few years as part of a new strategy to be announced later in 2025, Bloomberg News reported on Wednesday, citing people familiar with the matter. The unit in question finished last year with a record revenue …
BBVA eyes doubling investment banking revenues, report says Read More »
By Emma Rumney and Dominique Patton LONDON/PARIS (Reuters) -Europe’s spirits and cosmetics industries hit back at the European Commission’s plan to slap tariffs on U.S.-made goods on Wednesday, saying it put the continent’s far larger trade with the United States in those sectors at risk. The European Commission said it would impose tariffs on 26 …
Brussels has made EU liquor, beauty exports trade war targets, industries say Read More »
By Nikhil Sharma and Purvi Agarwal (Reuters) -European shares bounced back on Wednesday following four sessions of declines on optimism around positive developments in the Ukraine-Russia conflict, while a cooler-than-expected U.S. inflation report also helped sentiment. The pan-European STOXX 600 closed 0.8%, snapping its longest losing streak since December. The U.S. agreed on Tuesday to …
European shares rebound as Ukraine ceasefire hopes, US inflation data uplift sentiment Read More »
(Reuters) -British shares rebounded on Wednesday after logging recent declines as investors focused on positive developments in the Ukraine-Russia conflict, while assessing corporate earnings. The benchmark index FTSE 100 closed 0.5% higher, snapping six sessions of declines, its longest losing streak since September. The U.S. on Tuesday agreed to resume military aid and intelligence-sharing with …
British shares rebound after Ukraine ceasefire hopes boost sentiment Read More »
LONDON (Reuters) – Climate activists poured orange liquid latex over a humanoid robot at a Tesla store in London on Wednesday, in protest against the electric carmaker’s boss Elon Musk. The billionaire, a close ally of U.S. President Donald Trump, has used his X platform to promote right-wing parties and figures in Britain, Germany, Italy …
UK climate activists target Tesla robot in Elon Musk protest Read More »
PARIS (Reuters) – French nuclear fuels company Orano said on Wednesday it would start developing its South Djengeldi uranium mining project in Uzbekistan as part of its Nurlikum Mining joint venture with Uzbek state-owned mining company Navoiyuran. The mine is expected to produce for over a decade, with peak output forecast at 700 metric tons …
France’s Orano to start developing Uzbek mine with state-owned partner Read More »
