(Reuters) – German engine manufacturer MTU Aero Engines named Johannes Bussmann on Tuesday to replace CEO Lars Wagner when his term ends on Dec. 31, 2025. Wagner informed the board in October that he will not be extending his mandate, as Airbus announced he would become head of plane-making for the world’s largest aircraft manufacturer …
German engine maker MTU Aero Engines names Johannes Bussmann as CEO Read More »
MILAN (Reuters) – Diego Della Valle & C Srl, the holding company of the founder of luxury shoemaker Tod’s, has transferred its stake in Piaggio to brothers Diego and Andrea Della Valle, a spokesperson for the Vespa maker said on Tuesday. Earlier in the day a filing released by Italy’s watchdog CONSOB showed that Diego …
Tod’s founder Diego Della Valle splits Piaggio stake with brother Andrea Read More »
(Reuters) – Indivior said on Tuesday its finance chief Ryan Preblick will step down as a director as the British drugmaker makes changes to its board following pressure from no.2 shareholder Oaktree Capital. The maker of opioid addiction treatment Sublocade also appointed Robert Schriesheim and Joe Ciaffoni as independent non-executive directors, and said it has …
Drugmaker Indivior’s finance chief Preblick to step down from board Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s top court has ruled that 1,200 TAP cabin crew members on short-term contracts who were laid off and later reinstated as staff should get retroactive pay, a decision that could cost the airline as much as 300 million euros ($315 million). The Supreme Court ruling, dated Dec. 12 …
Portugal’s top court rules TAP must pay retroactive wages to 1,200 cabin staff Read More »
(Reuters) – Britain’s FTSE 100 dropped to a three-week low on Tuesday after domestic data showing strong wage growth prompted investors to pare bets on Bank of England (BoE) interest rate cuts next year. The blue-chip index ended down 0.8%, while the mid-cap FTSE 250 lost 1.3%, its biggest one-day percentage fall in five weeks. …
UK’s FTSE 100 hits three-week low after strong pay data; Bunzl slumps Read More »
MILAN (Reuters) – Italy’s tax police on Tuesday searched the headquarters of nine courier companies for alleged false invoices benefiting ecommerce and logistics giants Amazon, SDA and GLS, according to a search order reviewed by Reuters. Prosecutors in the northwestern city of Turin are investigating Amazon Italia Transport and Amazon City Logistica, Italian units of …
Italian police search couriers in tax and labour probe into Amazon, SDA and GLS Read More »
PARIS (Reuters) -Credit Agricole said on Tuesday it had appointed Olivier Gavalda as the French bank’s new CEO. The 61-year-old is set to replace Philippe Brassac, 65, who has led the France’s second-biggest listed bank for the last decade and reached the age limit for holding the role. Gavalda, who is currently one of Credit …
Credit Agricole names Olivier Gavalda as its new CEO Read More »
By Virginia Furness LONDON (Reuters) – A group of sustainable finance experts tasked with advising the European Union’s executive has proposed a new category system for funds as part of a major overhaul of the bloc’s flagship rules on sustainable investments. The proposal would create three new categories for financial products that the advisers believe …
EU advisers pitch overhaul of sustainable finance fund rules Read More »
By Victoria Waldersee BERLIN (Reuters) -Volkswagen and German unions will most likely either reach a deal in the early hours of Wednesday or adjourn until the new year, a source familiar with discussions said on Tuesday, as the two sides strive to reach a cost-cutting pact before Christmas. After a 13-hour negotiation round on Monday …
VW, unions likely to strike deal in small hours or break off till next year, source says Read More »
BERLIN (Reuters) -Thyssenkrupp is pursuing a spin-off as the main option for divesting its defence business, a spokesperson said on Tuesday after a German newspaper reported several suitors had made offers for the unit. Carlyle and German state-lender KfW had been poised to take a majority stake in Thyssenkrupp Marine Systems (TKMS) but the U.S. …
Thyssenkrupp pursuing spin-off for marine division Read More »
