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ROME (Reuters) -Stellantis will extend the stoppage of car production at its Italian Mirafiori plant by a further two weeks, until Jan. 20, the head of the FIOM-Cgil trade union at the site said on Thursday. FIOM’s Gianni Mannori told Reuters that the decision – first reported by daily MF – had not yet been …

Stellantis to extend stoppage at Mirafiori plant until Jan. 20, union says Read More »

TURIN (Reuters) -Stellantis will be compliant with European Union targets for 2025 intermediate carbon reduction, aiming to increase electric vehicle (EV) sales or potentially to cut production of petrol vehicles, the company’s European head said on Thursday. Jean-Philippe Imparato, who took up Europe’s chief position in October, said the company has no intention of paying …

Stellantis will be compliant with 2025 EU carbon rules, carmaker’s Europe chief says Read More »

By Andres Gonzalez LONDON (Reuters) -Spanish utility Iberdrola aims to sell its smart metering business in the UK and has lined up advisers, according to three sources with knowledge of the situation, as it seeks to capitalise on increased investor interest in the sector. Iberdrola is looking to raise around 1 billion pounds ($1.27 billion), …

Exclusive-Iberdrola seeks UK smart meter unit sale, sources say Read More »

By Elvira Pollina MILAN (Reuters) -MFE-MediaforEurope, the TV group controlled by Italy’s Berlusconi family, has secured the support of banks for a 3.4 billion euro ($3.6 billion) loan to be ready to advance its cross-border expansion plans, its chief executive said. MFE, which owns commercial TV operations in Italy and Spain, has built a near …

Berlusconis’ TV group MFE secures financing for European M&A push Read More »

FRANKFURT (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing in 2025 as growth takes a hit from political instability at home and the risk of a fresh trade war with the United States. Following are highlights of ECB …

Lagarde comments at ECB press conference Read More »

ZURICH (Reuters) – Swiss real estate company Ina Invest said on Thursday its merger talks with peer Cham Group are now advanced and could be approved by shareholders in late March. If negotiations are successful, the merger will be submitted to both companies’ shareholders for approval at their annual general meetings on March 31, 2025, …

Ina Invest says merger talks with Cham advanced Read More »

By Christoph Steitz and John Revill FRANKFURT/ZURICH (Reuters) -Siemens on Thursday raised mid-term targets for its Smart Infrastructure (SI) business, banking on growing demand for power grid equipment and building automation in a market expected to be worth 313 billion euros ($329 billion) by 2029. Siemens’ most profitable division, SI provides a large range of …

Siemens raises mid-term profit goal for Smart Infrastructure unit Read More »