By Yoruk Bahceli and Stefano Rebaudo LONDON (Reuters) -France’s first syndicated government bond sale since a snap election last year unleashed turmoil in its markets saw record demand of 134 billion euros ($138.98 billion) on Tuesday, a lead manager said. Demand exceeded the 10 billion euros France will raise – also a record – by …
France sees record demand for first syndicated bond sale since its election Read More »
By Virginia Furness and Sinead Cruise DAVOS, Switzerland (Reuters) – Standard Chartered is set to book almost $1 billion in income in 2025 from business geared towards helping clients meet sustainability goals, CEO Bill Winters told executives at the World Economic Forum in Davos, as he doubled down on supporting the net-zero agenda. The UK …
Climate shift to help boost StanChart income by almost $1 billion, CEO says Read More »
By Oliver Hirt ZURICH (Reuters) -Swiss biopharma company BioVersys said on Tuesday it plans to list on the Swiss stock exchange in the first quarter with an initial public offering that aims to raise around 80 million Swiss francs ($88 million). The company, which focuses on research and development of antibacterial products, said about half …
Swiss biopharma firm BioVersys plans IPO in first quarter Read More »
By Anastasia Lyrchikova MOSCOW (Reuters) – Russian coal and steel producer Mechel, which was sanctioned by the United States just under a year ago, has agreed a new debt restructuring as low coal prices and high interest rates put pressure on its payment schedule. Several Russian companies and lobby groups have complained about prohibitively high …
Russia’s Mechel restructures debt, under pressure from high rates, low coal prices Read More »
By Gianluca Semeraro and Mathieu Rosemain MILAN/PARIS (Reuters) -Italy’s Generali and France’s BPCE said on Tuesday they had taken the first step towards creating Europe’s largest asset manager by revenue as the industry bets on size to protect profit margins. The boards of Italy’s top insurer and France’s second-largest bank on Monday approved a non-binding …
Generali, BPCE agree to join forces in ‘very ambitious’ asset management deal Read More »
(Reuters) -German shoemaker Birkenstock said on Tuesday Chief Financial Officer Erik Massmann will step down after nearly two years in the role, and will be succeeded by Ivica Krolo. The company, which also reaffirmed its 2025 forecasts, said Krolo will join on Feb. 1 from investment firm EMH Partners, where he was CFO since 2015. …
Birkenstock finance chief Erik Massmann to step down Read More »
LISBON (Reuters) – Portugal’s airline TAP, which is slated for privatisation, carried 16.1 million passengers last year, a 1.6% rise from 2023, led by North American and Brazilian routes, the company said on Tuesday. Passenger numbers on North American routes rose by 8.9% to 1.59 million, while more than two million passengers travelled between Brazil …
Portuguese airline TAP’s passenger traffic up in 2024, Americas lead growth Read More »
ATHENS (Reuters) – Greece’s power grid operator IPTO has invited Fulgor, Nexans Norway and Prysmian Powerlink to submit binding bids for the supply of undersea cables to link some Greek islands to the mainland grid, it said on Tuesday. The contract, with an initial estimated cost of 1.7 billion euros ($1.76 billion), will be awarded …
IPTO asks Fulgor, Nexans, Prysmian to bid for undersea power links in Greece Read More »
(Reuters) – Medtronic will appoint Renault’s finance chief Thierry Pieton as its chief financial officer effective March 3, the medical device maker said on Tuesday. Pieton will succeed Gary Corona, who has been serving as interim CFO, after Medtronic’s previous CFO Karen Parkhill jumped ship to join HP Inc in June last year. Parkhill’s exit …
Medtronic appoints Renault executive Thierry Pieton as finance chief Read More »
(Reuters) -Frasers Group, owned by British retail tycoon Mike Ashley, has failed to oust Boohoo’s co-founder Mahmud Kamani from the board after the fast-fashion group’s shareholders voted against the move on Tuesday. Boohoo said 63.17% of votes cast at the general meeting opposed the removal of Kamani, who is also the company’s second-biggest shareholder. “With …
Boohoo shareholders reject top investor Frasers’ attempt to remove co-founder Kamani Read More »
