By Valentina Za MILAN (Reuters) -Salvatore Ferragamo said CEO Marco Gobbetti would leave next month after little over three years in charge, during which time the former Burberry chief failed to stem a slide in sales at the Florentine brand. Ferragamo, like other family-owned Italian brands, has been struggling to rejuvenate its product offering to …
Italy’s Ferragamo parts ways with former Burberry chief Gobbetti Read More »
LONDON (Reuters) – London’s High Court on Monday approved Chinese property developer Sino-Ocean Group’s plan to restructure around $6 billion of its debt, despite opposition from an ad hoc group of creditors. State-backed Sino-Ocean Group is attempting a parallel process in London and Hong Kong to restructure its offshore debt, as other developers have defaulted …
UK court approves Sino-Ocean’s debt restructuring plan Read More »
(Fixes hyperlink in paragraph 10) By Nikhil Sharma and Johann M Cherian (Reuters) -European shares logged their biggest one-day drop in more than one month on Monday, with automakers leading declines as investors priced-in that U.S. President Donald Trump’s latest tariffs could escalate into a broader trade war. Over the weekend, Trump announced 25% trade …
Europe’s STOXX 600 logs biggest daily drop in 2025 as US tariffs rattle investors Read More »
By Giuseppe Fonte ROME (Reuters) – Italy expects its tax burden to be broadly unchanged at 42.3% of gross domestic product (GDP) through 2027, a new Treasury document shows, despite Prime Minister Giorgia Meloni’s tax-cutting pledges. The right-wing ruling coalition has repeatedly committed to helping the economy by reducing taxes and social contributions weighing on …
Italy sees tax burden unchanged through 2027 despite govt pledges to reduce it Read More »
By Elisa Martinuzzi and John O’Donnell LONDON (Reuters) -Dutch lender ING Group is looking for opportunities to buy rival banks in major European countries to boost its size, its chief executive told Reuters, potentially joining a wave of takeovers sweeping the region’s financial sector. The remarks from the head of one of Europe’s biggest banks …
ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO Read More »
By Curtis Williams HOUSTON (Reuters) – U.S. exports of liquefied natural gas (LNG) to Europe jumped in January as cold weather drove up demand and prices for the superchilled gas rose, preliminary data from financial firm LSEG showed. Nearly nine of every ten cargoes leaving the U.S. headed to Europe, while total exports to all …
Europe soaked up nearly all US LNG exports last month, data show Read More »
By Pranav Kashyap (Reuters) -Britain’s benchmark FTSE 100 dropped on Monday following its best monthly performance in over two years as investors fretted that U.S. tariffs could fuel a global trade war. The indexes, however, finished well off their lows after U.S. President Donald Trump paused new tariffs on Mexico for one month, hours before …
British stocks finish off lows as Trump holds off on Mexico tariffs Read More »
LONDON (Reuters) – Britain on Monday hit back at AstraZeneca over the collapse of a 450 million pound ($558.5 million) investment, saying the drugmaker had scaled back the research and development portion of its plans, resulting in a lower offer of government support. On Friday, AstraZeneca scrapped plans to invest in its vaccine manufacturing plant …
UK hits back at AstraZeneca over collapse of investment deal Read More »
(Reuters) – Britain and the United States trade hundreds of billions of dollars’ worth of goods and services annually, but London hopes that ambiguities in the data will help to earn it an exclusion from U.S. President Donald Trump’s sweeping tariff plans. Unusually, both countries report trade surpluses with each other owing to differences in …
Factbox-Surpluses and services explain why UK might avoid Trump tariffs Read More »
By Sarah Young and Paul Sandle LONDON (Reuters) -Thames Water asked an English court on Monday to approve a debt lifeline worth up to 3 billion pounds ($3.7 billion), at the beginning of a four-day hearing it hopes will help to stave off nationalisation. In a packed courtroom, judge Thomas Leech started to hear from …
Britain’s Thames Water seeks court approval for rescue plan Read More »
