Reuters UK Business

Exclusive-Boeing close to funding agreement to help supplier Spirit Aero, source says

8 Nov 2024

By Allison Lampert and Tim Hepher (Reuters) – Spirit AeroSystems and Boeing are close to reaching a funding agreement that would give a cash lifeline to the struggling Boeing supplier, an industry source familiar with the matter said. A deal could be announced in the next few days, said the source, who spoke on condition …

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Net inflows at Italian asset gatherers up to 3.5 billion euros in October

8 Nov 2024

By Alberto Chiumento and Alessandro Parodi (Reuters) – Italy’s five listed asset gatherers reported combined net inflows of 3.49 billion euros ($375.18 billion) for October, up from 7.9 million euros in the same month of 2023. Net inflows into more lucrative assets under management rose to a combined 1.52 billion euros, from negative 1.53 billions …

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Italy’s Anima names Goldman as adviser to assess Banco BPM bid

8 Nov 2024

MILAN (Reuters) – Italian asset manager Anima said on Friday it appointed Goldman Sachs as financial adviser to assess an up to 1.6-billion-euro ($1.71 billion) buyout proposal from Banco BPM. Italy’s third-largest Banco BPM already owns 22% of Anima. Put forward earlier this week, the buyout offer, aimed at taking Anima private, is contingent on …

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Stellantis to lay off 400 workers at Detroit parts facility

8 Nov 2024

By Nora Eckert DETROIT (Reuters) -Stellantis added to its rising tally of layoffs on Friday, saying 400 workers at a Detroit automotive parts facility would indefinitely lose their jobs as the carmaker reduces costs in its struggling North American business.  “As Stellantis navigates a transitional year, the focus is on realigning its U.S. operations to …

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IKEA ready for potential tariffs under Trump, CFO says

8 Nov 2024

By Helen Reid LONDON (Reuters) – IKEA has learned from recent supply chain disruptions and is well prepared for potential trade barriers, the owner of the world’s biggest furniture brand said on Friday as companies seek to ready themselves for tariffs under Donald Trump’s presidency. Inter IKEA produces IKEA furniture and franchises the brand to …

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European shares log third week of declines on China, tariff jitters

8 Nov 2024

By Shashwat Chauhan and Sruthi Shankar (Reuters) -Europe’s benchmark STOXX 600 logged its third consecutive week of declines on Friday, hurt by underwhelming stimulus measures from China as well as concerns about tariffs under a Trump presidency hurting economic growth. The pan-European STOXX 600 closed down 0.6%, with China-exposed sectors such as miners and luxury …

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Exclusive-ECB pushes Raiffeisen, UniCredit to hold capital for Russia risk, sources say

8 Nov 2024

By Alexandra Schwarz-Goerlich, John O’Donnell and Valentina Za VIENNA/FRANKFURT/MILAN (Reuters) – The European Central Bank is pushing Raiffeisen and UniCredit hold some capital as a buffer against potential risks stemming from their Russia businesses, two sources with knowledge of the matter said. The ECB is seeking to address the dangers the two banks still face …

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Homebuilder woes, lacklustre China stimulus drag FTSE 100 to 3-month low

8 Nov 2024

By Sruthi Shankar (Reuters) -Britain’s FTSE 100 fell to a three-month low on Friday, dragged down by homebuilder Vistry following a profit warning, while China-exposed stocks took a hit from lacklustre stimulus updates from Shanghai. The blue-chip FTSE 100 dropped 0.8%, having fallen about 1% earlier to its weakest level since August 8. The index …

Homebuilder woes, lacklustre China stimulus drag FTSE 100 to 3-month low Read More »

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