LONDON (Reuters) -Britain’s financial watchdog laid out plans on Friday to make it easier for retail investors and wealth managers to buy corporate bonds and for companies to raise capital from these smaller investors. The Financial Conduct Authority is consulting on a single standard for corporate bond prospectuses for all bond sizes, including below 100,000 …
UK regulator to ease path for retail investors to buy bonds Read More »
By Sergio Goncalves LISBON (Reuters) – U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a full sale, Finance Minister Joaquim Miranda Sarmento said on Friday. In September, three sources with knowledge of …
Portugal says Novo Banco IPO likely to be for stake of up to 30% Read More »
LONDON (Reuters) – Crude oil trader Julien Roper left Switzerland-based commodities trader Mercuria on Thursday, five trading sources with knowledge of the matter told Reuters. Roper was part of the Mediterranean crude trading desk, trading cargoes like the Caspian Pipeline Consortium (CPC) Blend crude grade produced by Kazakhstan. It was not immediately clear why he …
Crude trader Julien Roper leaves Mercuria, sources say Read More »
By Jonathan Stempel (Reuters) – A proposed class action accusing Microsoft’s LinkedIn of violating the privacy of millions of Premium customers by disclosing their private messages to train generative artificial intelligence models has been dismissed. The plaintiff Alessandro De La Torre on Thursday filed a notice of dismissal without prejudice in the San Jose, California …
LinkedIn lawsuit over use of customer data for AI models is dismissed Read More »
MUNICH (Reuters) – Influential shareholder adviser ISS wants Siemens to return to in-person annual general meetings and has recommended shareholders vote against allowing virtual meetings in the coming years, according to a proposal seen by Reuters. The U.S.-based proxy advisory firm’s advice comes ahead of the Munich-based technology group’s annual general meeting on Feb. 13, …
Shareholder adviser ISS wants to block virtual AGMs at Siemens Read More »
By Marta Maciag GDANSK (Reuters) -Polish media group Cyfrowy Polsat sold its 9.99% stake in Asseco Poland in a 705 million zloty ($173.5 million) deal on Friday, sending shares in the Polish software company to their highest in 25 years. Asseco Poland shares had jumped more than 11% to 119.2 zlotys by 1516 GMT, outperforming …
Asseco shares hit 25-year high after Cyfrowy Polsat sells stake Read More »
DUESSELDORF (Reuters) – Thyssenkrupp’s CEO said on Friday that the purchase of 20% in the German industrial group’s steel business by a holding of Czech billionaire Daniel Kretinsky can be reversed if talks over a deeper collaboration fail. Speaking at ThyssenKrupp’s annual shareholder meeting, CEO Miguel Lopez said that there is a fallback agreement to …
Thyssenkrupp says Kretinsky’s 20% holding in steel unit is reversible Read More »
FRANKFURT (Reuters) – The European Central Bank should use bond purchases more sparingly in the future given costly side effects, Dutch central bank chief Klaas Knot said on Friday just as the ECB is starting a strategy review. The ECB bought trillions of euros worth of debt over the past decade in the hope of …
ECB should use bond buys more sparingly in future, Knot says Read More »
(Reuters) – Apple shares rose 2% on Friday after a rosy forecast fuelled hopes of an iPhone sales rebound, even as tough competition and a lack of AI features weigh on demand in key market China. Already the world’s most valuable company, Apple is set to add more than $81 billion to its market value …
Apple rises as rosy forecast lifts hopes for iPhone rebound Read More »
By Aby Jose Koilparambil (Reuters) – UK’s Smiths Group will have to navigate national security concerns to secure a sale of its screening and detection business to a foreign buyer, but the engineering group believes the disposal is feasible, its CEO told analysts. Since the UK’s National Security and Investment Act took effect in 2022, …
UK’s Smiths Group break-up plan faces security concerns amid tight regulation Read More »
