By Simon Jessop LONDON (Reuters) – European private equity firm Verdane has raised 700 million euros ($755 million) for its second fund focused on companies helping to decarbonise the economy, its managing partner told Reuters. Verdane Idun II had reached its hard cap at more than double the size of its predecessor fund in a …
Verdane raises about $750 million for energy transition fund Read More »
A look at the day ahead in European and global markets from Rae Wee Investors will have a full calendar of major releases to digest on Wednesday, from bank and Big Tech earnings to a UK budget, along with a U.S. private payrolls report and growth figures for the U.S. and several big European economies. …
Morning Bid: From GDP data to tech earnings, a lot to chew on Read More »
By Mike Stone HUNTSVILLE, Alabama (Reuters) – L3Harris Technologies’ business unit Aerojet Rocketdyne has doubled its monthly production of motors for GMLRS rockets that are heavily used in Ukraine, a company executive said on Tuesday, as global demand surges to supply Kyiv and to rebuild shrinking U.S. stockpiles. Demand for rocket motors is soaring worldwide …
L3Harris unit making rocket motors used in Ukraine says business has surged Read More »
By Shariq Khan NEW YORK (Reuters) – Swiss-based energy trader Litasco is hiring experienced traders and has lined up credit lines to revive its business in the Americas that withered after Russia invaded Ukraine in 2022, three sources close to the company said. Neither Litasco nor its Russian parent, oil producer Lukoil PJSC, were included …
By Tim Hepher PARIS (Reuters) -Airbus is in the process of finalising delivery of its longest-range single-aisle jet, the A321XLR, to Spanish airline Iberia, industry sources said on Tuesday. The keenly awaited delivery – the first of a new variant of the best-selling A321 jet – involves a formal handover and transfer of ownership, though …
Airbus poised to deliver first A321XLR, sources say Read More »
By Sheila Dang (Reuters) -Snap beat Wall Street expectations for both quarterly revenue and user growth on Tuesday, as the parent company of messaging app Snapchat has been able to lure back some advertisers with better-performing ad features. It also announced a share repurchase program of up to $500 million. Shares of Snap initially fell …
Snap beats revenue and user growth estimates, announces $500 million buyback Read More »
MOSCOW (Reuters) -Russia will file a legal challenge against the seizure of Russian state assets in Finland as part of a claim against it by Ukrainian oil and gas company Naftogaz, the Kremlin said on Tuesday. Lawyers for Naftogaz said on Sunday they had obtained a freeze of Russian state-owned real estate and other assets …
Russia to contest Finnish asset seizure in legal battle with Ukraine’s Naftogaz Read More »
(Reuters) – Insurance company Chubb posted a rise in third-quarter profit on Tuesday, helped by strong underwriting gains in its property and casualty (P&C) segment and higher returns on its investments. Global P&C net written premiums rose 7.6% in the quarter ended Sept. 30, driven by commercial lines and consumer lines premium growth of 8.1% …
Insurer Chubb’s profit rises on underwriting gains, investment returns Read More »
By Anuja Bharat Mistry (Reuters) -Mondelez International on Tuesday beat third-quarter revenue and profit estimates, as the Cadbury parent’s efforts to provide its products at different price points drove a sequential improvement in sales volumes. Demand for the company’s products held steady, as the prices of its candies and biscuits ranging from $3 to $4 …
Mondelez beats quarterly results on rebound in demand, higher prices Read More »
By Tim Hepher BRUSSELS (Reuters) -French jet engine maker Safran set out plans on Tuesday to invest more than 1 billion euros ($1.1 billion) and hire 4,000 people worldwide to “radically scale up” its maintenance network as the aviation industry tackles congested repair shops. The plan follows strong demand for LEAP jet engines that Safran …
Safran in major engine repair capacity expansion as demand soars Read More »
