By Yadarisa Shabong (Reuters) -Diageo’s incoming CEO Dave Lewis, known in financial circles as “Drastic Dave” for his sweeping turnaround of businesses, will put his reputation as a cost-cutter to the test when he joins the world’s largest spirits maker in January with the challenge of lowering its debt and reigniting sales. The maker of …
By Hannah Lang (Reuters) -As companies focused on stockpiling bitcoin and other major cryptocurrencies come under pressure amid market saturation and souring sentiment, new entrants are pushing into less popular tokens, stoking worries over increased volatility. Buoyed by U.S. President Donald Trump’s crypto-friendly stance and inspired by the meteoric success of Michael Saylor’s Strategy, the …
Crypto treasury companies pivot to fringe tokens, stoking volatility fears Read More »
By Manya Saini (Reuters) -Stock and crypto trading platform eToro beat estimates for third-quarter profit on Monday, as retail investors maintained their buying streak despite bubble worries, sending shares up 7% in afternoon trading. The equities rally has stoked concerns about a bubble, with some analysts warning that valuations in high-growth names appear stretched. Equities …
Trading platform eToro beats profit estimates as retail investors ride market boom Read More »
(Reuters) -MeiraGTx Holdings has signed a deal with Eli Lilly, potentially worth over $475 million, granting the pharma giant rights to its experimental gene therapy for a rare, inherited disorder that causes severe vision loss from birth. Shares of the gene therapy developer rose 12.5% to $9.55 in premarket trading on Monday after the news. …
Eli Lilly signs deal for MeiraGTx’s gene therapy for severe eye disease Read More »
By Giuseppe Fonte, Valentina Za and Elvira Pollina ROME/MILAN (Reuters) -UniCredit filed an appeal on Monday with Italy’s top administrative court over government-set terms for its failed takeover bid for rival Banco BPM, two sources with knowledge of the matter said. The move marks a further escalation in the dispute between Italy’s second-biggest bank, led …
UniCredit appeals to top court over Rome’s terms for BPM bid, sources say Read More »
By Kate Holton, Paul Sandle and Sam Tabahriti LONDON (Reuters) -Top-level resignations from the BBC over the editing of a speech by President Donald Trump have blown the lid off wider tensions at the British broadcaster over how it is run and whether it still commands public trust in its journalism. Director General Tim Davie …
Analysis-BBC crisis exposes fractures at renowned British institution Read More »
(Reuters) -British telecom and cloud services provider SCG is exploring a sale at a valuation of as much as 800 million pounds ($1.07 billion), Bloomberg News reported on Monday, citing people with knowledge of the matter. The Bastingstoke, UK-based company is working with investment bank Houlihan Lokey to solicit interest from potential buyers, and information …
British telecom firm SCG mulls sale at $1 billion valuation, Bloomberg News reports Read More »
(Reuters) -Italy’s biggest mobile telecoms towers company INWIT on Monday posted a 5.9% rise in third-quarter net profit to 92.1 million euros ($107.41 million) but lowered revenue guidance for next year. The company reiterated 2025 guidance but now expects revenue of 1.14 billion to 1.17 billion euros in 2026, down from the previous projection of …
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) -Italy’s Cassa Depositi e Prestiti (CDP) opposes payments group Nexi selling a majority stake in its digital banking solutions business to U.S. private equity fund TPG, two sources close to the matter told Reuters on Monday. Nexi, in which CDP is the second largest investor with a …
Italy’s CDP against sale of majority of Nexi bank services business, sources say Read More »
(Reuters) -Tesla’s best-selling Model Y’s program manager, Emmanuel Lamacchia, announced his departure on Sunday after nearly eight years, marking another high-profile exit from Elon Musk’s electric vehicle company. The departure came hours after the head of Tesla’s Cybertruck program, Siddhant Awasthi, also said he was leaving the company. Awasthi, who started his career at Tesla …
Tesla’s Model Y program manager announces exit alongside Cybertruck lead Read More »
