DUBLIN (Reuters) -Betfair and Poker Stars owner Flutter Entertainment is to buy Italian gaming operator Sisal for 1.62 billion pounds ($2.16 billion) in a deal it said would more than double its share of the Italian online gaming market to around 20%. The Italian firm, which also runs retail and online gaming business in Turkey …
Online betting group Flutter to buy Italy’s Sisal for $2.2 billion Read More »
PARIS (Reuters) – Litigation against Britain on the issue of post-Brexit fishing licences will be kicked-off in early January, French Europe Minister Clement Beaune told France 2 television on Thursday. There will be a high-profile meeting with EU representatives on Jan. 4, Beaune said, adding that litigation at a special tribunal put in place by …
France to launch litigation on post-Brexit fishing licences in early Jan. – minister Read More »
FRANKFURT (Reuters) – German automotive supplier Continental AG could hit the upper end of its profit margin outlook in 2021 after vehicle production picked up in the fourth quarter, its chief executive officer told magazine WirtschaftsWoche. For 2021, Continental expects an adjusted margin on earnings before interest and tax of about 5.2% to 5.6%. “There …
Germany’s Continental could hit upper end of 2021 margin target, CEO says Read More »
LONDON (Reuters) – British businesses have reported their weakest growth since the country was under lockdown earlier this year and they expect a further slowdown in early 2022, the Confederation of British Industry (CBI) said on Thursday. The CBI’s monthly growth indicator – which combines surveys of output from manufacturers, retailers and other services companies …
UK businesses report weakest growth since last lockdown – CBI Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) on Wednesday called for inspections and strengthening a key part for Boeing 777-200 airplanes equipped with Pratt & Whitney (PW) engines after an engine failure in February. The FAA issued three proposed airworthiness directives, a move that will allow Boeing 777-200 airplanes equipped with PW4000 …
U.S. FAA backs inspections, strengthening key part for Boeing 777-200 engines Read More »
(Reuters) – Allianz Real Estate said on Wednesday it had invested 7.9 billion Swedish crowns ($870.88 million) in Heimstaden Bostad’s portfolio of properties in Sweden that it recently acquired from its rival Akelius Residential Properties. The agreement will form a joint venture on the 30.4 billion Swedish crown portfolio, which includes 3,377 homes in Malmo …
Allianz invests $871 million in Heimstaden’s Sweden property portfolio Read More »
(Refiles to correct date in dateline) LONDON (Reuters) – Britain’s economy grew more slowly than previously thought in the July-September period, before the Omicron variant of the coronavirus posed a further threat to the recovery later in the year, official data showed on Wednesday. Gross domestic product in the world’s fifth-biggest economy increased by 1.1% …
UK economy grew more slowly than thought before Omicron hit Read More »
By Anisha Sircar and Shashank Nayar (Reuters) -European shares ended on Wednesday at near one-week highs, led by gains in technology and industrial stocks, even as investors worried about the outlook for global recovery amid a rise in COVID-19 cases due to the Omicron variant. The pan-European STOXX 600 climbed 0.8%, adding to a 1.4% …
European shares end at near one-week highs, boosted by tech stocks Read More »
By Bansari Mayur Kamdar (Reuters) -UK’s FTSE 100 ended higher on Wednesday as gains in industrial and financial stocks helped counter concerns over the impact of the Omicron coronavirus variant on economic recovery and weaker-than-expected quarterly growth data. After falling as much as 0.33%, the blue-chip FTSE 100 index reversed course to ended 0.6% higher. …
Industrial, financial stocks lift London’s FTSE 100 Read More »
By Conor Humphries DUBLIN (Reuters) -Ryanair on Wednesday more than doubled its annual loss forecast and cut its January traffic estimate by 33%, blaming travel restrictions in France, Germany and Morocco following the emergence of the Omicron variant of the coronavirus. But it said it was too soon to say whether similar cuts would be …
Ryanair doubles annual loss forecast on Omicron restrictions Read More »
