ROME (Reuters) -Italy’s Banco BPM aims to launch its offer to buy the fund manager Anima Holding “from the second half of March”, CEO Giuseppe Castagna told Il Sole 24 ore daily in an interview published on Tuesday. Banco secured shareholder approval on Friday for its decision to improve its offer Anima, a key plank …
Banco BPM to launch offer for Anima from mid-March, CEO says Read More »
(Reuters) – Italian betting firm Lottomatica on Tuesday forecast an adjusted core profit (EBITDA) of 840 million to 870 million euros ($880.4 million to $911.9 million) for 2025, boosted by solid results across business segments and brands. The Rome-based gambling group’s adjusted EBITDA was 739.4 million euros last year, exceeding its own guidance range of …
Italy’s Lottomatica forecasts higher core profit for 2025 Read More »
ZURICH (Reuters) – UBS on Tuesday announced it has nominated Renata Jungo Brungger and Lila Tretikov for election to the board of directors at its annual general meeting in April. “Renata’s impressive background, including her General Counsel positions in leading global firms, coupled with her extensive knowledge of topics such as governance and sustainability, equips …
UBS nominates Renata Jungo Brungger and Lila Tretikov to board of directors Read More »
A look at the day ahead in European and global markets from Kevin Buckland Europe wakes up to new U.S. tariffs on Canada, Mexico and China, bringing into starker relief Donald Trump’s threat of levies for the EU next. Trump seems to have shifted to a harder line, saying his neighbours to the north and …
Morning Bid: New Trump tariffs take effect, EU also in crosshairs Read More »
By Elisa Anzolin MILAN (Reuters) – An acquisition of Versace by Italian luxury group Prada would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits. Prada is seeking to expand after posting strong organic sales growth in the …
Analysis-Versace would widen Prada’s reach but fixes could hit short-term profits Read More »
By Suban Abdulla LONDON (Reuters) -British homebuyers borrowed the most in new mortgages since September 2022 in January, while approvals for new lending dropped less than expected ahead of the end of a tax break on property purchases, according to Bank of England data on Monday. Net mortgage lending rose to 4.207 billion pounds ($5.31 …
UK net mortgage lending rises by most since September 2022 Read More »
DUBLIN (Reuters) – Ireland may have to pay EU compliance costs of between 8 billion euros and 26 billion euros ($8.4 billion-$27.2 billion) if it does not swiftly implement its emissions-cutting plans by 2030, the country’s fiscal and climate watchdogs warned on Tuesday. The estimate, equivalent to between 3% and 9% of Irish national income, …
Laggard Ireland may face 26 billion euro EU climate bill, watchdogs warn Read More »
By Suban Abdulla LONDON (Reuters) – British retailers will likely push up their prices in the coming months in response to higher employment costs in April, according to a survey on Tuesday which showed a rebound in prices in February after the end of January sales. The British Retail Consortium said shop prices in February …
UK prices to rise as retailers pass on higher employment costs, BRC says Read More »
By Arasu Kannagi Basil (Reuters) -Nvidia-backed CoreWeave’s revenue surged more than eight-fold in 2024, the cloud provider disclosed on Monday in its U.S. initial public offering paperwork, as the startup presses ahead with the first major artificial intelligence listing in New York this year. The filing lays the groundwork for what could be one of …
Nvidia-backed cloud firm CoreWeave reveals revenue surge in US IPO filing Read More »
By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON (Reuters) -OPEC+ has decided to proceed with a planned April oil output increase, the group said on Monday, a move that follows U.S. President Donald Trump renewing pressure on OPEC and Saudi Arabia to bring down prices. The increase is the first since 2022 from OPEC+, …
OPEC+ to proceed with planned April oil output hike Read More »
