By Paul Sandle LONDON (Reuters) – Britain’s antitrust regulator will focus on interventions in digital markets which have a “clear and direct” impact on UK consumers and businesses, and will give a road map to the Big Tech companies targeted, its CEO Sarah Cardell said on Monday. The British government has set a new strategic …
BERLIN (Reuters) – Germany is sceptical about joint European bonds per se but is open to common financing to support concrete European projects in the defence area, Finance Minister Joerg Kukies said on Monday in Brussels. “What we aren’t convinced about is just to raise [European] debt and distribute it to 27 procurement projects that …
Germany sceptical of EU bonds but backs joint defence projects, Finance Minister says Read More »
BERLIN (Reuters) – Plans by the parties hoping to form Germany’s next government to halve electricity network fees would cost around 6 billion euros ($6.50 billion) per year, the head of grid operator 50Hertz said on Monday. To lower electricity prices, Germany’s conservatives and Social Democrats (SPD) agreed to reduce the electricity tax for all …
German grid fee plans would cost $6.5 billion annually, 50Hertz chief says Read More »
FRANKFURT (Reuters) -Ford will inject up to 4.4 billion euros ($4.8 billion) into its struggling German operations as it tries to revive its European business, the U.S. carmaker said on Monday. Its Ford-Werke German arm, which is burdened with 5.8 billion euros of debt, will continue a strategic transformation, focusing on reducing costs and increasing …
Ford to inject up to $4.8 billion to shore up cash-strapped German unit Read More »
(Reuters) -London-based hedge fund Palliser Capital released on Monday a letter addressed to the chair of global iron ore miner Rio Tinto, urging further steps toward unifying its dual-listed structure following an appraisal report. The letter highlighted the findings of an appraisal report by Grant Thornton Australia, which identified a share price disparity between the …
Palliser urges Rio Tinto to pursue unification of dual-listed structure Read More »
By Nell Mackenzie LONDON (Reuters) – Macro hedge funds taking advantage of volatile markets have enjoyed outsized results so far in 2025, while stock picking and multi-strategy funds have produced mixed returns. Numbers from hedge fund research firm PivotalPath show that the broader hedge fund industry is up 1.3% this year, but some funds which …
Macro hedge funds are outperforming so far in 2025 Read More »
MADRID (Reuters) – Spanish fashion retailer Mango reported on Monday an 8% increase in sales in 2024 to 3.33 billion euros ($3.62 billion), as it benefitted from an international expansion with a focus on the United States, similar to that pursued by its rival brand Zara. Spain’s second-largest fashion company that has positioned itself as …
Spanish fashion co Mango’s sales rise 8% in 2024 Read More »
By Charlie Conchie LONDON (Reuters) -A group of executives and financiers has in recent weeks met with companies and brokers to find backing for a plan to approach the London Stock Exchange with a proposal to revitalise its struggling Alternative Investment Market. Under the plans, AIM – which was founded in the 1990s to help …
Executives discuss revival for Britain’s smallcap AIM market Read More »
MILAN (Reuters) -Italian yacht maker Ferretti aims to make an acquisition this year, its chief executive said on Monday, without specifying whether the potential target would be a brand, a yard or another asset. “We have three different files on the table,” CEO Alberto Galassi told journalists. “2025 will be the year of opportunities,” he …
Italian yacht maker Ferretti aiming for an acquisition this year Read More »
PRAGUE (Reuters) – U.S. chipmaker Onsemi will lay off 170 staff in the Czech Republic, cutting its workforce in the country by 7.5%, the company said on Monday, saying it was adjusting to current market conditions. The layoffs come while the firm plans a $2 billion expansion of its Czech operations. It said it was …
Onsemi to lay off 170 staff in Czech Republic, cutting workforce by 7.5% Read More »
