By Amy-Jo Crowley and Andres Gonzalez LONDON (Reuters) – Buyout firm Partners Group is exploring options including the sale of a stake in Britain’s International Schools Partnership (ISP), three people with knowledge of the matter said, as it looks to cash in on the popularity for education assets. A sale could value ISP at above …
Partners Group explores sale of stake in Britain’s ISP schools, sources say Read More »
By Giancarlo Navach MILAN (Reuters) – Italian drug maker Recordati is not concerned about potential new U.S. tariffs under president-elect Donald Trump as it expects them to have no impact on its rare diseases business, the company’s chief financial officer said on Friday. One of the main concerns in Europe and elsewhere from Trump’s re-election …
Italy’s Recordati sees no impact from potential US pharma tariffs Read More »
By Philip Blenkinsop and Anita Komuves BUDAPEST (Reuters) -The European Union’s goal of boosting competitiveness to catch up with rivals the United States and China has gained fresh urgency after Donald Trump’s election win, Mario Draghi said on Friday, as doubts increase that the bloc is up to the task. Trump warned before his U.S. …
Trump adds to internal strife stalling EU competitiveness push Read More »
MOSCOW (Reuters) -Ingka Group, which runs most IKEA stores globally, has sold its last asset in Russia, a warehouse near Moscow, it said on Friday, completing its exit from the country. Ingka sold its 14 MEGA-branded shopping malls in Russia to Gazprombank Group in September 2023, joining scores of Western companies abandoning the Russian market …
IKEA store operator Ingka Group sells last Russian asset Read More »
By John Revill and Mimosa Spencer ZURICH (Reuters) -Cartier owner Richemont missed first half profit forecasts and remained cautious about a recovery in China on Friday, sparking a sell-off in European luxury stocks. Richemont shares were down 4.3% at 1318 GMT. Rivals LVMH and Swatch were 3% and 5.6% lower respectively after the update from …
Cartier owner Richemont’s profit miss, China caution hit luxury shares Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s government plans to resume the sale of flag carrier TAP in 2025, the country’s infrastructure minister said, after receiving interest from more than a dozen potential buyers. A previous Socialist administration approved the privatisation of at least 51% of TAP in September 2023, but the sale did not …
Portugal targets 2025 TAP sale as more than 12 potential buyers show interest Read More »
(Reuters) -Britain’s competition watchdog flagged concerns and potential solutions regarding the distribution of infant formulas on Friday, which could help improve the sector as well as reduce costs for parents. The Competition and Markets Authority’s (CMA) initial recommendations include providing parents clear and accurate information on the nutritional value of the formula and standardising its …
UK regulator flags concerns and remedies for sale of baby formula Read More »
By Foo Yun Chee BRUSSELS (Reuters) – French fashion house Pierre Cardin is set to be fined in the coming weeks for licensing and distribution deals with German clothing maker Ahlers in breach of European Union rules on online and cross-border sales, people familiar with the matter said. The move by the European Commission, which …
Pierre Cardin to be hit with EU antitrust fine for cross-border sales curbs, sources say Read More »
By Anne Kauranen HELSINKI (Reuters) – European Central Bank policymaker Olli Rehn is set to get another term as governor of Finland’s central bank, a source familiar with the matter said on Friday. Rehn’s current seven-year term as governor will expire next July, and the application period for the position closed on Friday. The Bank …
Rehn poised for another term as Bank of Finland’s governor, source says Read More »
BUDAPEST (Reuters) – The European Union could consider replacing Russian liquefied natural gas (LNG) imports with those from the United States, European Commission President Ursula von der Leyen told reporters on Friday. “We still get a lot of LNG from Russia and why not replace it by American LNG, which is cheaper for us and …
EU may consider replacing Russian LNG imports with those from US, von der Leyen says Read More »
