(Reuters) – U.S. private equity fund KKR is exploring a potential sale of Viridor Ltd, which could value the UK waste management firm at as much as 7 billion pounds ($8.55 billion) including debt, Bloomberg News reported on Friday, citing people familiar with the matter. ($1 = 0.8189 pounds) (Reporting by Aatrayee Chatterjee in Bengaluru)
(Reuters) -British midcap stocks logged their biggest weekly decline in more than a year on Friday, as surging borrowing costs on the back of higher inflation expectations and concerns about Donald Trump’s return to the White House hammered risk sentiment. The FTSE 250 index, which is made up of companies that closely track the domestic …
Surging bond yields push UK midcaps to biggest weekly drop in over a year Read More »
(Reuters) – German advertising group Stroeer is mulling a potential 4 billion euros ($4.10 billion) sale of its billboard unit, Bloomberg News reported on Friday. The company is working with advisers and has received interest for its billboard unit from private equity firms including Hellman & Friedman and KKR, the report said, citing people familiar …
Stroeer to explore $4 billion sale of billboard unit, Bloomberg News reports Read More »
MOSCOW (Reuters) – Russian insurance company Ingosstrakh said on Friday that U.S. sanctions against it would increase the risk of environmental disasters. The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to …
Russian insurer says US sanctions against it increase risk of environmental disaster Read More »
MOSCOW (Reuters) – Russian oil producer Gazpromneft shrugged off the impact of major new U.S. sanctions on Friday, while insurance company Ingosstrakh said they would create a market vacuum that would benefit less reputable competitors. The outgoing administration of President Joe Biden on Friday imposed its broadest package of sanctions yet, targeting Russia’s oil and …
Russian oil firm shrugs off sanctions, insurer says dodgy operators will profit Read More »
By Simon Jessop LONDON (Reuters) – A turbulent year for sustainable finance is set to continue in 2025 as the return of Donald Trump as U.S. president heralds more regional divergence on everything from fund flows to legal cases and market regulations. Despite record high temperatures and more extreme weather events across the planet last …
Analysis-Politics, not climate, to drive sustainable finance trends in 2025 Read More »
WASHINGTON (Reuters) -Tesla said on Friday it is recalling about 239,000 vehicles in the United States because rear-view cameras may fail to work. The development comes days after the National Highway Traffic Safety Administration opened a probe into 2.6 million Tesla vehicles in the U.S. over reports of crashes involving a feature that allows users …
Tesla recalls 239,000 US vehicles over rear-view camera issue Read More »
LONDON (Reuters) – Britain on Friday said it wanted to clamp down on resellers who profit by snapping up tickets for big events and selling them on at huge mark-ups to desperate fans, announcing proposals to cap resale prices and hold reselling websites more accountable. The government said it wanted to make ticket resales fairer …
UK targets ticket resellers with new rules to protect fans Read More »
AMSTERDAM (Reuters) -Dutch bank ABN Amro on Friday said it intended to appoint BNP Paribas’s former retail boss Marguerite Berard as its new CEO, as the lender prepares for the government to sell down its stake further. Berard, 47, BNP Paribas’ former head of French commercial and personal banking, will be proposed as the next …
ABN Amro picks former BNP Paribas banker Berard as CEO Read More »
By Greta Rosen Fondahn (Reuters) -British assets remained under pressure on Friday from high global borrowing costs, with sterling falling for the fourth day in a row and better-than-expected U.S. jobs data intensifying the move, while gilt yields rose for a fifth consecutive day. After recording a moderate decline earlier in the day, the pound …
Sterling hits 14-month low after US jobs data, gilt yields rise Read More »
