By Yamini Kalia (Reuters) -Banknote printer De La Rue is in talks for a stake sale of up to 40% that could value it at about 245 million pounds ($311 million), the British company said on Thursday, hours after it pointed to a rebound in orders in its interim results. The firm’s shares ended the …
(Reuters) -Swiss technology firm SoftwareOne Holding and Norwegian rival Crayon Group Holding are in talks to combine, two people familiar with the matter told Reuters on Thursday. The talks between the two companies were advanced, one of the people told Reuters. Bloomberg News, which first reported the news, said SoftwareOne is nearing a deal to …
Switzerland’s SoftwareOne and Norway’s Crayon are in talks to combine, sources say Read More »
By Sruthi Shankar and Johann M Cherian (Reuters) -European stocks settled lower on Thursday, after the European Central Bank cut interest rates by 25 basis points as expected, and left the door open for further easing to support a struggling economy amid heightened political risks. The pan-European STOXX 600 index closed a choppy session down …
European stocks settle lower after ECB trims interest rates as expected Read More »
BERLIN (Reuters) – German Labour Minister Hubertus Heil wants to extend the maximum duration of the short-time work allowance to 24 months from the current 12 months to avoid an increase in unemployment, according to draft regulation seen by Reuters on Thursday. “In the absence of any extension of the duration of benefits, it can …
Germany wants to extend short-time work allowance to two years Read More »
BRUSSELS (Reuters) -Volkswagen’s Audi plant in Brussels will cease production by Feb. 28 next year, Audi spokesperson Peter D’hoore said on Thursday, after the company said no alternatives to closure had been found. “The decision to close the Brussels factory is painful. Personally, it was the toughest decision I’ve ever had to make in my …
Volkswagen’s Audi to halt Brussels production by Feb 28 Read More »
(Reuters) -Britain’s FTSE 100 index inched higher on Thursday, boosted by Diageo after a brokerage upgrade, while SThree weighed on the midcap index as it dropped to a more than four-year low on a profit warning. The benchmark FTSE 100 was up 0.1% and the midcap FTSE 250 fell 0.1%. Leading the blue-chip index’s gains …
FTSE 100 edges higher on Diageo boost; SThree slumps on profit warning Read More »
By Daina Beth Solomon BUENOS AIRES (Reuters) -Rio Tinto is on the shortlist to partner Chilean state miner Codelco on a new lithium project, and has expanded production plans for the battery metal at its plant in Argentina, CEO Jakob Stausholm told Reuters on Thursday. The South America moves are part of the global miner’s …
Rio Tinto expands Argentina lithium plans, eyes Codelco tie-up in Chile Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to more easing as the euro zone economy is dragged down by political instability at home and the threat of a fresh U.S. trade war. The ECB …
ECB cuts rates again and keeps door open to further cuts Read More »
(Reuters) -Banknote maker De La Rue said on Thursday it is in talks with a consortium for a sale of up to 40% of its equity that would value the British company at about 245 million pounds ($310.6 million). The latest proposal of 1.25 pounds per share is from private equity group Disruptive Capital GP …
UK’s De La Rue in talks over stake sale valuing it at $311 million Read More »
By Helen Reid LONDON (Reuters) – Britain’s financial regulator is taking longer than usual to approve fast-fashion retailer Shein’s IPO because it is checking its supply chain oversight and assessing legal risks after an advocacy group for China’s Uyghur population challenged the listing, according to two sources close to the matter. Britain’s Independent Anti-Slavery Commissioner, …
Exclusive-Shein IPO: UK regulator decision slowed by NGO challenge, sources say Read More »
