LONDON (Reuters) – Blackstone has pulled out of talks to buy a landmark office property in the City of London after its owner Nuveen refused an offer of around 300 million pounds ($382 million), two sources familiar with the matter told Reuters. A deal at that level would have represented one of the largest transactions …
Landmark London office tower sale falls through on pricing deadlock Read More »
COPENHAGEN (Reuters) – Finnair said on Wednesday it was preparing to cancel some flights on Thursday, after the Finnish Air Line Pilots’ Association (SLL) rejected a settlement proposal for a collective labour agreement. SLL will start a standby ban on Finnair pilots on Dec 12, meaning pilots will not come to work from on-call shifts, …
Finnair prepares to cancel some flights as pilots reject wage offer Read More »
MILAN (Reuters) – Marcus Johannes Chromik, an independent member of UniCredit’s board and member of its Risk Committee, has resigned from the board with immediate effect, Italy’s second-largest lender said on Wednesday. Chromik has declared that his decision was due to new professional ventures, UniCredit said in a statement. Before joining UniCredit, the German-born executive …
UniCredit’s German board member Chromik resigns, citing new professional ventures Read More »
MILAN (Reuters) – UniCredit and Credit Agricole held a first meeting over Italy’s Banco BPM after the latter invested in rival Monte dei Paschi di Siena but the talks proved fruitless, la Repubblica daily reported. In an unsourced report on Wednesday, la Repubblica said senior managers from the two banks met after the Monte dei …
First UniCredit-Credit Agricole talks fail to make progress, paper says Read More »
(Reuters) – Standard Chartered plans to expand its frontline private banking team by 20% in the United Arab Emirates, the Asia-focused lender said on Wednesday, as part of a broader strategy to cater to its high and ultra high net worth clients. StanChart, like its other London-listed peers such as Barclays and HSBC, has been …
Standard Chartered expands private banking team in the UAE Read More »
LONDON (Reuters) – British retailer Marks & Spencer’s food business has entered Christmas trading with momentum as industry data showed it to be the country’s second fastest growing bricks-and-mortar grocer after discounter Lidl. Market researcher NIQ said on Wednesday that M&S’s grocery sales in the 12 weeks to Nov. 30 were up 10.6% year on …
Britain’s M&S has trading momentum in countdown to Christmas, says NIQ Read More »
WARSAW (Reuters) – The owner of Polish media and telecommunication group Cyfrowy Polsat Zygmunt Solorz denied reports that a Liechtenstein court has restricted his ability to dispose of the company’s property. Polish media reported on Tuesday that courts in Liechtenstein and Cyprus have imposed restrictions on his ability to make decisions on the property of …
Polish Cyfrowy Polsat owner denies his right to dispose of property is restricted Read More »
(Reuters) -British American Tobacco on Wednesday forecast stronger revenue growth in its new category, which includes vapes and oral nicotine products, and combustibles in the second half of the year, driven by increased investments in the United States. The maker of Lucky Strike and Dunhill cigarettes said it remains on track to meet its 2024 …
Lucky Strike maker BAT sees stronger H2 revenue growth in new category, combustibles Read More »
MOSCOW (Reuters) – Russian gas exports to Europe through Ukraine remained stable on Wednesday, data from Kremlin-controlled Gazprom and a European pipeline network operator showed. Russia halted gas supplies to Austria’s OMV in mid-November amid a contractual dispute and legal wranglings related to interrupted gas supplies in 2022. Despite the stoppage, overall Russian gas exports …
Russian gas exports to Europe via Ukraine stable on Wednesday Read More »
MILAN (Reuters) – Italian tycoon Francesco Gaetano Caltagirone is set to raise its stake in asset manager Anima to 9.9%, daily il Corriere della Sera reported on Wednesday. Caltagirone currently holds a 5.3% according to a recent Consob filing. Caltagirone recently bought a stake in Banca Monte dei Paschi, backing a government plan to combine …
Italian tycoon Caltagirone ready to raise stake in Anima to 9.9%, Corriere says Read More »
