(Reuters) – Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter. A sale of the business is one of the many options BP is considering, the report said, adding that …
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports Read More »
By Dietrich Knauth NEW YORK (Reuters) -Johnson & Johnson faces a critical test on Tuesday over its $10 billion proposal to end litigation alleging that its baby powder caused ovarian cancer, as it tries to convince a judge to sign off on its third attempt to resolve thousands of lawsuits through a subsidiary’s bankruptcy. U.S. …
J&J begins crucial battle over $10 billion baby powder settlement Read More »
(Reuters) – UK’s competition regulator said on Tuesday it has provisionally cleared British food maker Boparan Holdings’ proposed deal to buy Dutch agricultural feed company ForFarmers’ Burston and Radstock feed mill sites. The Competition and Markets Authority (CMA) said its inquiry group, after an in-depth Phase 2 probe, did not believe that the deal would …
UK competition watchdog provisionally clears Boparan-ForFarmers deal Read More »
(Reuters) – Bank of England Governor Andrew Bailey said on Tuesday he wanted to see less volatility in medium and longer-dated bond yields that have been driven up by speculation about the trade policies of U.S. President Donald Trump. British government borrowing costs surged and then eased in January as investors tried to price global …
BoE’s Bailey hopes for less bond market volatility driven by US tariffs Read More »
(Reuters) -Banking software company Temenos on Tuesday lowered its full year 2028 targets to reflect the $400 million sale of its fund administration software business Multifonds, announced earlier in February. The Swiss-based company now expects annual recurring revenue (ARR) to reach at least $1.2 billion in its 2028 financial year. Previously in November it had …
Temenos cuts 2028 targets to reflect Multifonds sale Read More »
(Fixes move of defence index in first bullet) By Pranav Kashyap and Johann M Cherian (Reuters) -European shares closed at a record high on Tuesday, with banking and defence stocks among top gainers as investors priced in the likelihood of increased domestic military spending against a backdrop of peace talks to end the Russia-Ukraine conflict. …
Europe stocks end at record high with defence spending spike in focus Read More »
MOSCOW (Reuters) – Oil loadings from Russia’s Black Sea port of Novorossiisk were suspended on Tuesday due to a storm, two sources familiar with the matter told Reuters. CPC Blend oil loadings from the Caspian Pipeline Consortium (CPC) Black Sea terminal near Novorossiisk continued, unaffected by the storm, the sources added. Severe storms in the …
Oil loadings from Russia’s Black Sea Novorossiisk port suspended, sources say Read More »
By Juveria Tabassum (Reuters) -Nike will launch a new women’s activewear brand in the U.S. this spring in partnership with Kim Kardashian-owned shapewear label Skims, as CEO Elliott Hill works to broaden its offerings to better compete with upstart brands. The tie-up is expected to give Nike a leg up in women-centric athleisure brands as …
Nike partners with Kim Kardashian’s Skims for new women’s athleisure brand Read More »
By Sam Tobin and Paul Sandle LONDON (Reuters) -Britain’s Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the collapse and state rescue of the country’s biggest water supplier. The government had been on standby to put Thames Water, which is struggling with 18 billion pounds …
UK’s Thames Water wins approval for 3 billion pound debt lifeline Read More »
By Richa Naidu and Kate Abnett LONDON/BRUSSELS (Reuters) – The U.S. paper and pulp industry is lobbying President Donald Trump’s administration to ask the EU to declare the United States deforestation-free, a step that could make it easier for exporters to meet the bloc’s new environmental rules. From December, the European Union’s anti-deforestation policy will …
US paper industry asks Trump to seek lighter EU deforestation rules Read More »
