STOCKHOLM (Reuters) -Sweden’s Saab said on Monday it had won a 1.7 billion crown ($159 million) order from Germany to modernise and maintain the country’s Taurus KEPD 350 cruise missiles for ten years until 2035. “The order includes significant system upgrades and modernisation to the German Air Force’s Taurus missiles as well as a ten-year …
Saab wins $159 million cruise missile maintenance order from Germany Read More »
By Gianluca Lo Nostro (Reuters) -Franco-British satellite operator Eutelsat said on Monday it was committed to boosting Europe’s autonomy in space-based connectivity and supplying internet access to war-torn Ukraine. The comments followed a nearly 50% jump in Eutelsat’s shares on Monday, amid a wider rally of Europe’s defence stocks, as investors bet on prospects of …
Eutelsat soars as investors bet on OneWeb satellites as European option to Starlink Read More »
MILAN (Reuters) – Telecom Italia’s (TIM) top investor Vivendi has appealed against a court decision that threw out an earlier attempt by the French group to fight the sale of the phone group’s landline network, two sources told Reuters. Vivendi, which holds a 24% voting stake in TIM, turned to a Milan court in December …
Top Telecom Italia investor Vivendi appeals ruling in grid sale case, sources say Read More »
(Reuters) -Ford Motor Co on Monday reported an about 9% drop in its auto sales for February. Automakers have been trying to cut costs amid lower interest for new vehicles, and brace for the potential impact of U.S. tariffs on imports from Canada and Mexico. Ford’s electrified sales, which includes pure EVs such as the …
By Svea Herbst-Bayliss NEW YORK (Reuters) – Activist investor Engaged Capital is ready to run a boardroom fight at restaurant chain Portillo’s and has nominated two director candidates to the company’s eight-member board, three people familiar with the matter said. Engaged, which owns roughly 7.3% of the company, has been pushing for months for improvements, …
Exclusive-Activist investor Engaged launches proxy fight at restaurant chain Portillo’s Read More »
By Tommy Reggiori Wilkes LONDON (Reuters) – Brookfield Wealth Solutions is entering the UK pension insurance market, it said on Monday, as the Canadian financial giant looks to tap into strong demand from companies to offload their pension scheme risks to insurers. The move – subject to final regulatory approvals – would mark the arrival …
Brookfield to enter UK pension insurance market this month Read More »
By Terje Solsvik and Louise Rasmussen OSLO/COPENHAGEN (Reuters) -Tesla sales plunged in Scandinavia and France in February from a year ago, eroding its market share, as the electric vehicle maker faced a brand loyalty test amid CEO Elon Musk’s role in U.S. President Donald Trump’s administration. Tesla, whose cars topped sales charts in Norway, Sweden …
Tesla sales down in France, Scandinavia as Musk faces test of brand Read More »
By Natalia Chumakova and Olga Popova MOSCOW (Reuters) – Russian farming conglomerate Rusagro has begun exporting sunflower oil from the St Petersburg terminal (PNT) on the Baltic Sea as it seeks to overcome bottlenecks at Black Sea ports, according to LSEG data and four sources. Russia, the world’s leading wheat exporter, has a goal to …
Exclusive-Russia’s Rusagro for first time exports sunflower oil from St Petersburg Read More »
By Karin Strohecker LONDON (Reuters) -Ukraine’s international bonds tumbled to their lowest level in more than a month on Monday after the clash between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump last week doused hopes of Kyiv securing Washington’s backing. The 2036 maturity saw the biggest decline, down 4.5 cents to be bid …
Ukraine international bonds tumble after Trump-Zelenskiy clash Read More »
MOSCOW (Reuters) – Russia’s largest airline Aeroflot said on Monday that it had adjusted its dividend policy to pay out 50% of its adjusted net profit according to IFRS standards. Aeroflot did not pay dividends for 2023. (Reporting by Reuters; Writing by Gleb Stolyarov; Editing by Andrew Osborn)
