LONDON (Reuters) – The emergence of the Omicron variant of coronavirus has so far not had much impact on shopper numbers in Primark stores, the finance chief of owner Associated British Foods said on Friday. “In terms of the Omicron variant we haven’t really seen much of an effect on footfall,” John Bason told Reuters …
Primark shopper numbers not impacted by Omicron so far -finance chief Read More »
(Reuters) – British food packing business Hilton Food on Friday agreed to buy smoked salmon producer Dutch Seafood Company for an enterprise value of 90 million euros ($101.60 million), entering U.S. markets and expanding into the protein category. Netherlands-based Dutch Seafood, which trades as Foppen, has customers in its home market as well as the …
UK’s Hilton Food enters U.S. with deal for smoked salmon producer Read More »
(Reuters) – Canada Pension Plan Investment Board (CPP Investments) has made an initial $300 million equity investment in Britain’s Octopus Energy Group as part of a long-term strategic partnership, the firms said on Friday. The investment and partnership with Octopus Energy was made through CPP Investment’s Sustainable Energies Group, which aims to increase its level …
Canadian pension fund invest $300 million into UK’s Octopus Energy, forms partnership Read More »
ZURICH (Reuters) – Siemens has scrapped a legal bid to halt the award of a $2.64-billion high-speed train project in Britain to rivals Alstom and Hitachi. The German engineering company will not seek an injunction after losing the contract to build 54 trains for the HS2 high-speed line from London to Birmingham, a spokesman told …
Siemens scraps legal challenge to British train order Read More »
STOCKHOLM (Reuters) – Volvo Cars and battery maker Northvolt will open a joint research and development centre in Sweden as part of a 30 billion crown ($3.3 billion) investment, the carmaker said on Friday. In June, the Swedish companies announced plans for a joint venture to develop batteries for electric cars, including setting up a …
Volvo Cars, Northvolt to open battery R&D centre as part of $3.3 billion investment Read More »
By Tim Hepher PARIS (Reuters) – Airbus dramatically raised the stakes in a dispute with Qatar Airways over skin flaws on A350 jetliners on Thursday, accusing the Gulf carrier of misrepresenting the problem as a safety issue and calling for independent legal advice. Airbus has been locked in a row with one of the industry’s …
Airbus goes legal as Qatar Airways jet row escalates Read More »
By David Shepardson WASHINGTON (Reuters) – Volkswagen AG’s U.S. unit will pay $3.5 million to resolve a lawsuit by the state of Illinois against the German automaker for updates of emissions software arising from the 2015 diesel cheating scandal. Last month, the U.S. Supreme Court rejected Volkswagen’s bid to avoid lawsuits filed by officials in …
VW to pay $3.5 million to resolve Illinois diesel lawsuit Read More »
PARIS (Reuters) – French retailer Casino said on Thursday it had completed the sale of a 3% equity stake in commercial property company Mercialys, cashing in 24 million euros ($27.10 million). The sale, made through a total return swap (TRS) of maturity March 2022, reduces Casino’s stake in Mercialys in terms of voting rights to …
French retailer Casino sells 3% stake in Mercialys Read More »
(Reuters) – Digital lender Nubank’s shares opened 25% above the offer price in their stock market debut on Thursday, giving the company a market capitalization of nearly $52 billion, making it the third most valuable listed firm in Brazil. At that valuation, the Sao Paulo-based fintech, backed by Warren Buffett’s Berkshire Hathaway Inc, is only …
By Huw Jones and Iain Withers LONDON (Reuters) – Britain’s finance firms have began issuing an array of updated work from home guidance to staff after the government toughened up rules. But following stricter government COVID-19 guidance to work from home will be a “challenge” for accountants as they head for their busiest time of …
UK finance firms implement ‘challenging’ new COVID-19 rules Read More »
