MILAN (Reuters) – Italian utility Enel SpA has agreed to buy 50% of Italy’s Mooney to take joint control of the payments firm with Intesa Sanpaolo SpA and create a European-based fintech group. Under the deal, which values Mooney at 1.385 billion euros ($1.6 billion), Enel and Intesa will buy out the 70% stake held by a …
Enel teams up with Intesa Sanpaolo for Italy payments firm Mooney Read More »
By Pamela Barbaglia LONDON (Reuters) – France’s BNP Paribas and U.S. firm State Street Corp are vying to buy the custody business of Spanish lender BBVA and have made indicative bids for the unit as they battle to build scale, three sources told Reuters. BBVA launched the sale of the unit during the summer and …
BNP, State Street vying to snap up BBVA’s custody business –sources Read More »
By Chibuike Oguh and David French (Reuters) – Coller Capital Ltd, one of the world’s biggest investors in private equity fund interests, is exploring options that include a sale of the business, people familiar with the matter said. Coller has been working with an investment bank as it mulls divesting a stake or the entirety …
Investment firm Coller Capital explores sale -sources Read More »
By Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) – Intel and Italy are intensifying talks over investments expected to be worth around 8 billion euros ($9 billion) to build an advanced semiconductor packaging plant, two sources close to the matter told Reuters. A deal of this size would secure Italy about 10% of the 80 …
Exclusive-Italy, Intel intensify talks over $9 billion chip factory, sources say Read More »
By Paul Sandle LONDON (Reuters) – Facebook-owner Meta is appealing Britain’s ruling that it must sell animated images platform Giphy, saying the evidence does not support the finding that the deal is a threat to its rivals or could impact competition in display advertising. Britain’s Competition and Markets Authority (CMA) ordered Meta to sell Giphy, …
Facebook appeals UK ruling that it must sell Giphy Read More »
LONDON (Reuters) – British companies found it increasingly difficult over the course of this year to trade with the European Union under the terms of the Brexit trade deal struck with the bloc, a survey showed on Thursday. The British Chambers of Commerce said 45% of companies surveyed in October found it very or relatively …
Brexit trade trouble increasingly hits UK firms: BCC Read More »
By Anisha Sircar and Shashank Nayar (Reuters) -European shares hit a one-month high on Thursday, led by gains in banking stocks as signs the impact of the Omicron variant may be less severe than feared led to improved risk appetite that pushed eurozone and Treasury yields higher. The pan-European STOXX 600 gained 1%, marking the …
European shares at one-month high as Omicron fears fade Read More »
LONDON (Reuters) – Finance minister Rishi Sunak on Thursday asked Britain’s independent budget office to produce new forecasts for March 23, suggesting he is likely to deliver his mid-year Spring Statement update on that day. “(Sunak) has commissioned the Office for Budget Responsibility to produce an economic and fiscal forecast for Wednesday March 23,” the …
UK’s Sunak books March 23 for new budget forecasts Read More »
By Bansari Mayur Kamdar (Reuters) -UK shares rose on Thursday as markets globally rallied following two research studies that suggested the effects of the Omicron coronavirus variant were less severe than the Delta variant. The blue chip FTSE 100 ended 0.4% higher, extending its two-day rally, led by financial stocks with banks advancing 1.0% as …
LONDON (Reuters) – British car manufacturers had their slowest November in 37 years as the sector struggled to cope with the impact of the coronavirus pandemic on global supply chains, industry data showed on Thursday. Car production fell by 28.7% compared with November 2021 to 75,756 units, despite a 53% increase in electric vehicle output, the …
