(Reuters) -Thames Water said on Wednesday that the restructuring plan proposed by the struggling utility company to extend its liquidity runway was approved by creditors holding over 90% of secured debt. The plan provides up to 3 billion pounds ($3.70 billion) in new funding, along with access to cash reserves and debt extensions, crucial for …
Thames Water’s restructuring plan approved by bulk of creditors Read More »
MILAN (Reuters) -Telecom Italia (TIM) <TLIT.MI> has agreed to push back to mid-March a deadline to agree a sale of its subsea cable unit Sparkle to a consortium comprising Italy’s Treasury and Spanish fund Asterion, the Italian phone group said on Wednesday. “The company agreed to an extension until March 15 to allow the finalisation …
TIM sets new deadline of March 15 for Sparkle sale Read More »
By Kirstin Ridley LONDON (Reuters) – Britain’s government should set out what failures would be acceptable if regulations are eased in the push for economic growth, the bosses of the Financial Conduct Authority said on Wednesday. Prime Minister Keir Starmer, under pressure to reignite the economy after years of sluggish output, has promised to scrap …
UK watchdog seeks clarity on acceptable failures in push for growth Read More »
LONDON (Reuters) -Google on Wednesday won an injunction from London’s High Court to prevent the enforcement of Russian judgments against the U.S. tech giant over the closure of various Google and YouTube accounts. Judge Andrew Henshaw granted Google a permanent anti-enforcement injunction, on the grounds that Google and YouTube’s terms and conditions required disputes to …
Google wins UK injunction over YouTube block on Russian broadcasters Read More »
By David Shepardson and Nora Eckert WASHINGTON/DETROIT (Reuters) – Chrysler parent Stellantis is moving forward with plans to build a new midsize pickup truck in Belvidere, Illinois, the company said on Wednesday, ending months of conflict with the United Auto Workers union over delays, and strengthening its U.S. production footprint as President Donald Trump takes …
Stellantis will move forward on plan to build new midsize truck in Illinois Read More »
By Toby Sterling AMSTERDAM – The City of Eindhoven plans to purchase an industrial park that serves as an incubator for the region’s tech manufacturing industry and is used by computer chip equipment giant ASML, authorities said on Wednesday. Alderman Stijn Steenbakkers called the purchase of Brainport Industries Campus (BIC-1) a “chance that we have to …
Eindhoven city plans to buy ‘Brainport’ tech campus Read More »
MILAN (Reuters) – Exports of Italian sparkling wine such as prosecco to the U.S. surged by a record amount in November before possible tariffs on the sector, the latest available data from industry group Unione Italiana Vini (UIV) showed on Wednesday. Export volumes grew 41% in November, compared with a 19.5% growth in the first …
Italy’s sparkling wine exports to US jumped in November ahead of possible tariffs Read More »
(Reuters) -London’s FTSE 100 ended flat on Wednesday as a decline in heavyweight copper miners’ shares overshadowed positive corporate updates and expectations of further monetary policy easing. After touching a record high earlier in the session, the blue-chip FTSE 100 gradually lost steam to end marginally lower, snapping a five-day winning streak. The midcap FTSE …
FTSE 100 retreats from record high, eyes on earnings and Trump policies Read More »
By Nathan Gomes (Reuters) – Aptiv said on Wednesday it would separate its electrical distribution systems (EDS) business into a new company, as it looks to focus on its advanced driver-aid technology, sending shares of the auto parts supplier up 5%. The move comes as the Dublin-based company takes extra steps to boost profitability, after …
Aptiv shares jump on plan to separate electrical distribution systems business Read More »
By Nikhil Sharma and Pranav Kashyap (Reuters) – European stocks closed higher on Wednesday, driven by heavyweight technology and industrial sectors, with markets seeming unfazed by tariff anxieties stirred by recent declarations from U.S. President Donald Trump. The pan-European STOXX 600 closed 0.4% higher, at highest level since Sept 2024. It hit a fresh record-peak …
STOXX 600 closes at near four-month high as markets brush aside tariff concerns Read More »
