ZURICH (Reuters) -Swiss testing and inspection group SGS has ended talks over a potential $30 billion merger with French rival Bureau Veritas after the two sides failed to reach agreement over the deal, it said on Monday. “SGS and Bureau Veritas have been exploring a potential combination. The discussions have not resulted in an agreement …
SGS ends talks over potential $30 billion merger with Bureau Veritas Read More »
By Duncan Miriri DAR ES SALAAM (Reuters) – Policymakers around the globe should not react in haste to announcements by U.S. President Donald Trump’s administration, and be prepared to argue their case, World Bank President Ajay Banga told Reuters. Trump’s first week in office has seen a flurry of executive orders and policy plans, ranging …
World Bank president cautions against hasty reaction to Trump policies Read More »
By Tassilo Hummel PARIS (Reuters) – French billionaire Bernard Arnault’s family is struggling to secure a deal on a much-needed new stadium for its recently acquired football team Paris FC, with compensation and other costs proving a sticking point in discussions, sources say. The family of the owner of French luxury giant LVMH, has been …
LVMH’s Arnault family faces off-pitch challenges at new Paris soccer club Read More »
GDANSK (Reuters) -Poland’s PZU has dismissed chief executive Artur Olech, the insurer said on Monday without providing the reason for the move. Olech was appointed as acting CEO in March, replacing Beata Kozlowska-Chyla, who had been running the country’s biggest insurer since March 2020. The company also appointed Andrzej Klesyk, a member of its supervisory …
Poland’s top insurer PZU dismisses acting CEO Olech Read More »
DUESSELDORF (Reuters) – The CEO of German industrial group Thyssenkrupp said on Monday that 2025 would be a decisive year for the group’s ongoing transformation. “The current business year will be a year of decision-making when it comes to our portfolio,” CEO Miguel Lopez said in a transcript of his speech to shareholders, to be …
Thyssenkrupp CEO predicts decisive year in company’s transformation Read More »
DUBAI (Reuters) – Abu Dhabi’s Pure Health Holding said on Monday it had agreed to buy a 60% stake in Hellenic Healthcare Group (HHG), in a deal valuing the provider of private healthcare services in Greece and Cyprus at 2.2 billion euros ($2.31 billion). CVC Capital Partners will retain a 35% stake in the business …
Abu Dhabi’s Pure Health agrees to buy 60% stake in Hellenic Healthcare Read More »
By Stefano Rebaudo (Reuters) -Sterling edged up against the dollar and fell sharply against the yen as investors rushed into safe-haven assets while shifting their focus to economic data and central bank policy meetings later this week. The yen and Swiss franc jumped after tech stocks plunged, with investors weighing the implications of a Chinese …
Sterling drops against yen, mixed against euro and dollar Read More »
By Conor Humphries and Joanna Plucinska DUBLIN (Reuters) -Ryanair reported better than expected profits for the final three months of 2024 on Monday and Chief Executive Michael O’Leary said he was “cautiously optimistic” about fares for the coming summer on constrained capacity in Europe. But the airline, Europe’s largest by passenger numbers, was forced to …
Ryanair beats profit forecast on improving fares, trims traffic outlook Read More »
MILAN (Reuters) – Revenues at Italian luxury group Ermenegildo Zegna rose 2.9% on an organic basis in the last three months of the year, with double-digit growth in the Americas outweighing an 11% sales drop in China, it said on Monday. “We expect 2025 to play out differently across various geographies,” Chairman and CEO Ermenegildo …
Luxury group Zegna’s fourth-quarter revenues rise 2.9%, pushed by U.S. sales Read More »
DUBLIN (Reuters) – Ryanair expects Boeing to produce 38 of its 737 MAX planes per month by the end of the summer and possibly up to 42 by October, subject to U.S. Federal Aviation Administration approval, Ryanair CEO Michael O’Leary said on Monday. O’Leary said he was “reasonably hopeful” that Boeing will manage to build …
Ryanair expects Boeing to lift 737 MAX output to 38 a month by end of summer Read More »
