MILAN (Reuters) – Italian bank UniCredit said it expected to be able to merge the Romanian business of Greece’s Alpha Bank into its own local subsidiary in the second half of next year, after closing the acquisition on Monday. UniCredit and Alpha said in a joint statement they had finalised a deal they struck a …
UniCredit says to merge Romanian unit with Alpha Bank Romania in H2 2025 Read More »
By Nell Mackenzie LONDON (Reuters) – Hedge funds focused on European stock markets suffered their largest monthly losses in over a year in October, dragged down by a broader market sell off, according to a Goldman Sachs note sent to clients on Friday and seen by Reuters on Monday. European stock pickers returned a negative …
Hedge funds stung by European stock markets in October, Goldman Sachs says Read More »
MILAN (Reuters) -Shares in Burberry rose as much as 8% on Monday after website Miss Tweed reported that Italy’s Moncler was considering a bid for the London-listed luxury group to create an outdoor clothing specialist giant. Moncler, known for its puffer jackets, on Sunday said it would not comment on “unsubstantiated rumours” of a possible …
By Foo Yun Chee and Maggie Fick BRUSSELS/LONDON (Reuters) -EU antitrust regulators will decide by Dec. 6 whether to clear Novo Holdings’ acquisition of contract drug manufacturer Catalent, according to a filing on the European Commission website on Monday. The controlling shareholder of Novo Nordisk put in a request for EU approval for the deal …
EU antitrust regulators to rule on Novo’s Catalent buy by Dec. 6 Read More »
By Sabrina Valle NEW YORK (Reuters) – Jeff Stute, a veteran investment banker with a career spanning three decades at Perella Weinberg Partners and JPMorgan Chase, is joining Citigroup as a vice chair focused on healthcare mergers in North America, according to a memo seen by Reuters. The move is expected to bolster Citi’s healthcare …
Citi hires top dealmaker Jeff Stute from Perella to bolster healthcare M&A ranks Read More »
By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) – EU antitrust regulators will assess whether Apple’s operating system for iPads comply with the bloc’s landmark rules aimed at reining in the power of Big Tech, the European Commission said on Monday. The move by the EU executive, which acts as the bloc’s competition enforcer, …
EU to assess if Apple’s iPad OS complies with bloc’s tech rules Read More »
By Abhijith Ganapavaram (Reuters) -German air-taxi maker Lilium said on Monday it would file for insolvency “soon”, after efforts to solve its cash-crisis failed to yield results. The move highlights the difficulties faced by startup aviation firms in an industry that is capital intensive and has high entry barriers. It also comes as air-taxi makers …
Air-taxi maker Lilium to file for insolvency after failed fundraising efforts Read More »
(Reuters) – German drugmaker BioNTech on Monday lowered its guidance for full-year revenue, citing COVID-19 uptake and price levels, inventory write-downs and Pfizer charges. The company now expects 2024 revenue to be at the low end of the guidance range of 2.5 to 3.1 billion euros ($2.72 – $3.38 billion). BioNTech, whose COVID-19 vaccine in …
BioNTech lowers full-year revenue outlook on COVID-19 seasonality, inventory write-downs Read More »
By America Hernandez PARIS (Reuters) -French oil major TotalEnergies predicts global oil demand will peak after 2030 in its two most likely energy transition scenarios, neither of which will limit global warming to 2 degrees Celsius in line with the Paris Climate agreement, it said in its annual energy outlook report on Monday. That’s primarily …
TotalEnergies sees global oil demand peaking after 2030 Read More »
STOCKHOLM (Reuters) -Shares in Swedish property group SBB tumbled as much as 27% on Monday with analysts pointing to a report in a Swedish business daily that encouraged investors to sell their stakes in the debt-laden company. Daily Dagens Industri in an analysis published on Saturday headlined “Sell now, before it is too late” said …
Shares of Sweden’s SBB plummet after report encouraging investors to sell Read More »
