(Reuters) – British equipment rental firm Ashtead Group said on Tuesday that it would seek shareholder approval to move ahead with its plan to relocate its primary listing to the United States and form a new U.S. parent company. The London-based company plans to hold an extraordinary general meeting in June, where it will need …
UK’s Ashtead Group to seek shareholder approval to list in New York Read More »
By Stefano Rebaudo (Reuters) – Sterling edged down versus the euro and was unchanged against the dollar as investors awaited economic data on both sides of the Atlantic and a speech from Bank of England Governor Andrew Bailey later in the day. BoE policymaker Catherine Mann said that UK price rises in the year ahead …
Sterling edges down versus euro before economic data and BoE Bailey speech Read More »
By Arsheeya Bajwa, Anna Tong and Krystal Hu (Reuters) – A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the billionaire’s fight to block the artificial intelligence startup from transitioning to a for-profit firm. Musk’s bid is likely to ratchet …
Musk-led group makes $97.4 billion bid for control of OpenAI Read More »
ZURICH (Reuters) – Net new money at Pictet fell last year to 11 billion Swiss francs ($12 billion), a decline of around 31% from the previous year, the Swiss private bank and asset manager said on Tuesday. Last year, net new money at Pictet totalled 16 billion francs as the Geneva-based bank profited from the …
Net new money at Switzerland’s Pictet drops in 2024 Read More »
By Nathan Vifflin (Reuters) -Austrian sensor maker ams OSRAM on Tuesday forecast first quarter revenue below or in line with last year’s number due to muted demand for automotive semiconductors, but said it saw recovery in the second half of 2025. Its Switzerland-listed shares soared 17% by 1009 GMT, leading gains on the Swiss mid-cap …
Austria’s ams OSRAM sees soft Q1 amid auto slowdown, no tariff impact for now Read More »
DUBAI (Reuters) – U.S. tariffs are an “evolving story” and it is too early to assess their impact on the world economy, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday. “It is an evolving story… What we have are elements of trade policy that we expected would come, that was announced in the …
Too early to see impact of US tariffs on world economy, IMF head says Read More »
(This Feb. 10 story has been refiled to change the reference of conference from a London School of Economics conference to the LSE Alternative Investments Conference, in paragraph 1) By Nell Mackenzie LONDON (Reuters) – Saba Capital Management has added more UK investment trusts to its activist campaign and plans to further shake up the …
Hedge fund Saba’s Weinstein steps up campaign against UK investment trusts Read More »
(Reuters) – Cryptocurrency exchange platform BestChange has said it is unsure why its website was blocked by Russia’s communications watchdog Roskomnadzor, but that it is in touch with the central bank to try to lift the ban. Circulating and advertising digital currencies is banned in Russia, although using cryptocurrency for international payments is now legal, …
Crypto exchange platform BestChange in the dark over Russia block Read More »
(Reuters) -British homeware retailer Dunelm Group’s CEO Nick Wilkinson is to retire after seven years in the role, the company said on Tuesday as it also reported flat half-year pre-tax profit, citing weak consumer spending. Since Wilkinson joined the company as CEO in 2018, Dunelm has significantly increased its market share through the expansion of …
Dunelm shares slip on CEO Wilkinson’s retirement, flat first half profit Read More »
By Elviira Luoma, Agnieszka Olenska (Reuters) -Finnish forestry group Stora Enso said on Tuesday its fourth quarter operating profit more than doubled from a year earlier, as expected by analysts, driven by price increases and cost saving actions. Its adjusted operating profit, or earnings before interest and taxes, rose to 121 million euros ($124.7 million) …
Stora Enso’s profit more than doubles, but lack of guidance knocks shares Read More »
