By Sergio Goncalves LISBON (Reuters) – Santander’s Portuguese bank is not interested in buying Novo Banco, its CEO Pedro Castro Almeida said on Friday, as its strategy will be to focus on organic growth. Almeida said in November that Santander Totta could consider a potential acquisition of Novo Banco, depending on price. “We don’t want …
Santander’s Portugal CEO rules out buying Novo Banco Read More »
By Abigail Summerville and Amy-Jo Crowley NEW YORK/LONDON (Reuters) -Pernod Ricard is exploring a sale of its champagne brand G.H. Mumm, according to five sources familiar with the matter, as it looks to focus on premium labels in its portfolio. The French spirits company behind Absolut Vodka and Jameson Irish whiskey is working with investment …
Exclusive-Pernod Ricard considers sale of Mumm champagne, sources say Read More »
(Reuters) -German medical packaging maker Gerresheimer on Friday said it was in early-stage discussions with private equity investors over a potential sale of the company, adding that it would evaluate any offers in the best interest of the company. Earlier on Friday, Bloomberg News report said the company was working with advisers to gauge interest …
Gerresheimer: in early talks with private-equity suitors Read More »
By Victoria Waldersee BERLIN (Reuters) – Porsche AG’s shares fell 7% on Friday, the biggest drop among European firms and its worst day since listing on the stock market, after the carmaker warned that the cost of new models and battery-related expenses would dent its 2025 profits. Porsche shocked investors with a statement late on …
Porsche shares tumble as carmaker warns cost of new models to dent 2025 margins Read More »
By Claudia Cristoferi and Elisa Anzolin MILAN (Reuters) – Ferragamo’s founding family has sought to reassure staff this week that it remains committed to the luxury group after Monday’s surprise news that CEO Marco Gobbetti was leaving, a person with knowledge of the matter said. Italy’s Ferragamo, which has been struggling to revitalise its product …
Ferragamo family seeks to send message of stability after CEO Gobbetti’s exit Read More »
By Darya Korsunskaya and Gleb Bryanski MOSCOW (Reuters) -High inflation is the key challenge for the Russian economy in 2025, while the economic growth rate is expected to fall from 4.1% recorded last year, Prime Minister Mikhail Mishustin told President Vladimir Putin on Friday. Consumer prices grew by 9.5% in 2024 and have continued to …
High inflation is key challenge for Russia’s economy, prime minister tells Putin Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Friday that an expected rise in inflation this year would probably not lead to second-round price pressures, but that recent strong pay growth was a reason for “caution” towards future interest rate cuts. Pill said he was surprised …
Stronger wage growth justifies caution on rates, says BoE’s Pill Read More »
By Jaspreet Singh (Reuters) – Pinterest’s shares rose 20% on Friday as it forecast first-quarter revenue above estimates, indicating that its AI-powered tools would spur ad spend on the image sharing platform. Pinterest has focused on direct response ads, designed to prompt specific actions like app downloads or website visits. Investments in AI tools such …
Pinterest shares jump as AI advertisement tools drive forecasts Read More »
By Padraic Halpin and Conor Humphries DUBLIN (Reuters) -Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have fully settled lawsuits in the Irish courts against insurers over jets stranded in Russia following Western sanctions in 2022, they said on Friday. Lessors are suing dozens of insurers around the world over losses of …
Avolon, BOC settle Irish lawsuits against insurers over stranded Russian jets Read More »
By Andrius Sytas and Marek Strzelecki VILNIUS (Reuters) – The Baltic states are set to sever ties with Russia’s power grid that date back to the 1950s, and instead integrate further with the European Union, as the suspected sabotage of subsea cables has spurred efforts to strengthen regional security. Estonia, Latvia and Lithuania will disconnect …
Analysis-Baltics brace to cut decades-old ties to Russian grid Read More »
