(Reuters) -British sub-prime lender Amigo said on Monday it plans to contribute 97 million pounds ($128.32 million) under a new business rescue proposal, revised up from 35 million pounds that it had previously estimated. The lender laid out two different options — one dependent on the restart of lending operations as well as securing money …
Lender Amigo plans new $128 million rescue proposal, shares fall Read More »
(Reuters) -British fashion chain Ted Baker on Monday said Chairman John Barton had died, and senior independent director Helena Feltham would take on the role of interim chairman with immediate effect. In a brief statement, the London-listed retailer did not specify the cause of Barton’s death, but said it was sudden. Barton, 77, joined Ted …
UK fashion chain Ted Baker Chairman John Barton dies at 77 Read More »
(Reuters) – London Stock Exchange Group plc said on Monday it had acquired Quantile Group Limited to expand its range of Post Trade risk management solutions. Quantile is a provider of portfolio, margin and capital optimisation services. LSEG has agreed to pay up to £274 million ($362 million) to Quantile’s shareholders. LSEG owns finanical data …
ZURICH (Reuters) – UBS Switzerland, the domestic arm of UBS Group, will propose the election of Markus Ronner as chairman and Barbara Lambert as a new independent member of the board of directors at its annual meeting in April 2022, the companies said on Monday. Ronner will succeed Lukas Gähwiler, who has been nominated as …
UBS Swiss arm proposes veteran Ronner as chairman Read More »
LONDON (Reuters) – Britain’s economy looks set to grow more slowly than previously thought this year and in 2023 due to global supply chain problems and the government must encourage longer-term business investment, an employers group said on Monday. The Confederation of British Industry cut its forecasts for economic growth to 6.9% in 2021 and …
CBI cuts UK economic growth forecasts on supply chain hit Read More »
(Reuters) – Australia’s Infinity Lithium Corp Ltd said on Monday it will collaborate with a unit of Germany’s thyssenkrupp AG to explore the use of green hydrogen in producing lithium. Green hydrogen is produced by splitting water molecules with renewable electricity and is seen as a way for heavy-emission industries such as mining and aviation …
Infinity Lithium, thyssenkrupp to assess green hydrogen potential in lithium production Read More »
By Daniel Wiessner (Reuters) -Tesla Inc has asked a U.S. court to affirm an arbitrator’s recent decision dismissing a former engineer’s claims that the automaker fired and defamed her for raising concerns about defective floormats and contracting practices. In a petition filed in San Francisco federal court on Thursday, Tesla said an arbitrator in a …
Tesla seeks court approval of win in engineer’s defamation case Read More »
LONDON (Reuters) – Britain will seek to strengthen its trading relationship with the United States this week when trade minister Anne-Marie Trevelyan visits New York and Washington, but a full free-trade agreement remains a distant prospect. Trevelyan will meet U.S. Trade Representative Katherine Tai and U.S. Commerce Secretary Gina Raimondo in Washington on Tuesday, and …
UK trade minister to seek closer ties on U.S. trip, deal remains distant Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – RWE risks falling behind in the fast growing and competitive renewables sector if it fails to quickly divest its brown coal activities, activist fund ENKRAFT said, criticising management for failing to come up with a rapid solution. ENKRAFT in September disclosed a small stake in RWE, …
Divest brown coal or risk losing out in renewables race, ENKRAFT tells RWE Read More »
SAO PAULO (Reuters) – State-run oil company Petrobras will start lowering fuel prices as early as next week, Brazilian President Jair Bolsonaro said in an interview on Sunday published in news website Poder360. Bolsonaro did not give details about the move, but explained that the price reductions should continue into the next few weeks. “Petrobras …
Brazil’s Petrobras to cut fuel prices, Bolsonaro says Read More »
