(Reuters) – Zalando said on Monday it launched the public tender offer for rival About You, following the approval of the German Federal Financial Supervisory Authority BaFin. The acceptance period starts today and is expected to end on Feb. 17, it added, saying that the takeover offer is not subject to a minimum acceptance threshold. …
Zalando places public tender offer for About You Read More »
By Stefano Rebaudo (Reuters) -The pound hit a fresh five-month low versus the euro on Monday, even as it rose against a weakening dollar, as recent economic data and comments from a Bank of England official led investors to increase their bets on future BoE rate cuts. Last week, data showed British retail sales fell …
Sterling hits five-month low versus euro on rates outlook Read More »
By Gleb Bryanski MOSCOW (Reuters) – With Donald Trump’s pledge to quickly end the war between Ukraine and Russia, market players are starting to look at what impact that could have on the rouble, which became an outcast following sanctions. HOW HAS THE ROUBLE FARED IN RECENT MONTHS? The rouble started the year slumping to …
Explainer-What Trump’s presidency could mean for Russia’s rouble Read More »
ROME (Reuters) – Italy’s ITA Airways said on Monday it would resume flights between Rome and Tel Aviv, starting Feb. 1, after a four-month suspension triggered by conflicts in the Middle Eastern region. Connections “will be gradually resumed, initially with one daily frequency and, from Feb. 16, with an additional nighttime flight, subject to the …
Italy’s ITA Airways to resume flights to Israel from Feb. 1 Read More »
PARIS (Reuters) – Groupe ADP, which manages three of Paris’ main airports, pushed back on Monday against accusations by the head of Air France-KLM that other airlines received better treatment at its Charles De Gaulle Airport hub. ADP said in a statement that the activity of other airlines, many of which operate only a few …
Airport group ADP responds to Air France-KLM’s accusation of unfair treatment Read More »
By Gianluca Semeraro and Mathieu Rosemain MILAN/PARIS (Reuters) -The boards of directors at Italian insurer Generali and French banking group BPCE are likely to give green lights on Monday to a tie-up of their asset management businesses, three sources close to the matter said. Following board approval, a preliminary deal to combine BPCE’s Natixis Investment …
BPCE, Generali boards poised to support asset management tie-up, sources say Read More »
MADRID (Reuters) – Spain’s government will grant additional subsidies totalling 150 million euros ($155 million) for companies to boost the use and integration of artificial intelligence (AI), Prime Minister Pedro Sanchez said on Monday. ($1 = 0.9689 euros) (Reporting by David Latona; Editing by Inti Landauro)
(Reuters) – Czech billionaire Daniel Kretinsky is pressing on with his buying spree in Europe, after he was said to be among potential suitors to buy German state-owned utility Uniper. Kretinsky, 49, a former investment bank lawyer who built one of Europe’s largest energy groups, Energeticky a Prumyslovy Holding (EPH), has been diversifying into retail, …
Factbox-Czech billionaire Kretinsky’s sprawling empire Read More »
By Gianluca Lo Nostro and Alessandro Parodi (Reuters) -PostNL’s chief executive called for “urgent” government action to safeguard the Dutch postal service on Monday, after the group warned on 2024 profit partly due to what she called an unsustainable business model. Shares of the postal operator fell as much as 8.4% in early trading, nearing …
PostNL calls for ‘urgent’ government action after 2024 profit warning Read More »
By Aby Jose Koilparambil (Reuters) -Reach Plc, the publisher of the Daily Mirror, expects its 2024 operating profit to beat market expectations, helped by a strong fourth quarter, it said on Monday, driving its shares more than 20% up. The publisher of Daily Express, a few regional titles and associated websites – which has struggled …
Daily Mirror-publisher Reach sees 2024 annual profit beating market view Read More »
