BUCHAREST (Reuters) – Romania’s energy ministry said on Wednesday it has notified a government agency that reviews foreign investment about potential national security risks stemming from a planned sale of E.ON’s local energy provider to Hungary’s MVM. E.ON announced the deal in December, which is subject to approval from Romanian authorities. MVM gets most of …
Romania to review E.ON energy provider sale over Russia risk Read More »
MILAN (Reuters) – Italy’s top insurer Generali aims to reach a preliminary accord with Natixis Investment Managers to combine their asset management operations so as to submit the deal to its board on Jan. 20, two people close to the matter said. Generali and Natixis have been in discussions over a tie-up that would create …
PARIS (Reuters) -Gucci owner Kering has transferred three of its Paris real estate assets to a new joint venture with French private equity firm Ardian, freeing up 837 million euros ($860.27 million) in proceeds, the company announced on Wednesday. The portfolio of the new entity, in which Kering will keep a 40% stake, includes a …
Kering reaches $860 million Paris real estate deal with Ardian Read More »
(Reuters) – Europe’s biggest online retailer Zalando said on Wednesday it expected its profit for 2024 to be above its own forecasts, after marketing-driven customer growth and improved sell-through led to better-than-expected fourth-quarter results. Zalando now anticipates adjusted earnings before interest and taxes (EBIT) of around 510 million euros ($525 million), surpassing its guidance range …
Zalando says its full-year profit to exceed own target Read More »
By Shashwat Chauhan and Pranav Kashyap (Reuters) -European shares closed over 1% higher on Wednesday after an in-line inflation reading in the U.S. raised the chances of a second rate cut by the Federal Reserve this year. The pan-European STOXX 600 jumped 1.3% to 515.02 points and snapped a three-day losing streak, and saw its …
Europe shares log best day in four months after US data Read More »
By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy has no plans to strengthen its “golden power” legislation to intervene in mergers and takeovers in the financial sector, Economy Minister Giancarlo Giorgetti said on Wednesday. The golden power rules, designed at the European Union level to fend off unwanted non-EU buyers, were expanded during the …
Italy has no plans to strengthen golden power rules on financial sector Read More »
LEEDS, England (Reuters) – Bank of England interest rate setter Alan Taylor said on Wednesday he expected the British central bank to cut interest rates four times in 2025, twice the pace priced into financial markets at the moment. “I think my baseline is close to 100 (basis points),” Taylor said during a question-and-answer session …
Bank of England’s Taylor says he expects four rate cuts in 2025 Read More »
By Shashwat Chauhan (Reuters) -British stock markets rallied on Wednesday, with midcaps notching their best day in a month, as tame inflation reports from the UK and the U.S. fuelled expectations of more interest rate cuts this year. The blue-chip FTSE 100 closed up 1.2%, while the FTSE 250 midcap index jumped 2.8% to log …
British stocks rally as cooling inflation lifts sentiment Read More »
BRUSSELS (Reuters) -The European Commission told Lufthansa on Wednesday it would order the German flag carrier to reinstate charter airline Condor’s access to Lufthansa’s short-haul network to feed Condor’s Frankfurt-New York route. The expected interim measure is part of the Commission’s investigation into the joint venture between Lufthansa, United, and Air Canada, which the EU …
EU to order Lufthansa to restore Condor’s access to its short-haul network Read More »
By Sara Rossi MILAN (Reuters) – Italy’s public debt rose further in November, exceeding 3 trillion euros ($3.1 trillion) and hitting a record high, the central bank of the euro zone’s third-largest economy said on Wednesday. The sustainability of Rome’s huge public debt has long been seen as a crucial factor for the survival of …
Italy’s public debt tops 3 trillion euros, highest on record Read More »
