By Pranav Kashyap (Reuters) – Britain’s benchmark index was largely flat on Monday as gains in commodity-linked stocks were offset by losses in utilities, while investors await insights from Bank of England (BoE) officials this week. The blue-chip FTSE 100 held its ground at 8,355.90 points by 1010 GMT, while the domestically-focussed FTSE 250 index …
London’s FTSE 100 flat; speeches from BoE officials in focus Read More »
By Nathan Gomes and Nora Eckert (Reuters) – General Motors and Ford Motor will likely have a tough time convincing investors when they report results that Detroit’s pricing power for gasoline cars is still strong and losses from their EV ventures are dwindling. GM is set to release its results for the July to September …
GM, Ford brace for investor scrutiny over pricing power, EV losses Read More »
By Adrianna Ebert and Mateusz Rabiega GDANSK (Reuters) – Polish software company Transition Technologies MS (TTMS) plans to raise up to 80 million zlotys ($20 million) from its initial public offering (IPO) to help fund acquisitions, it said on Monday. It set a maximum share price of 35 zlotys for the offering, which it said …
Poland’s software firm TTMS plans to use IPO proceeds to fuel takeovers Read More »
BRUSSELS (Reuters) – The European Commission has approved 128 million euros ($139 million) of Swedish state aid to help steelmaker SSAB decarbonise its production, the Commission said on Monday. “The measure will contribute to the achievement of the European Green Deal and the Green Deal Industrial Plan targets, while also helping to end dependence on …
EU approves $139 million of Swedish aid to help steelmaker SSAB decarbonise Read More »
ROME (Reuters) – Italy is moving to introduce measures aimed at ensuring that Big Tech firms share the cost of developing telecoms infrastructure in the country, Industry Minister Adolfo Urso said on Monday. Telecoms companies argue that Alphabet’s Google, Meta’s Facebook, Amazon, Apple and Microsoft should bear some of the high-speed network rollout costs because …
Italy moves to ensure Big Tech share in costs of telecom networks rollout Read More »
MADRID (Reuters) -Uncertainty in the market for new companies and high interest rates are hindering Spanish fashion retailer Tendam’s plans for an initial public offering (IPO), its chief executive officer said on Monday. “It will be difficult for medium-sized companies to go public unless interest rates are lowered and the outcome of the presidential election …
Too much market uncertainty for Spanish IPO, Tendam CEO says Read More »
By Leo Marchandon (Reuters) -Shares in Dutch coffee maker JDE Peet’s surged more than 16% after German conglomerate JAB said on Monday it will increase its majority stake to 68% by acquiring all of Mondelez’s shares in a 2.2 billion euro ($2.4 billion) deal. JAB said it will pay 25.10 euros per share for Mondelez’s …
JDE Peet’s shares surge after JAB increases majority stake in $2.4 billion deal Read More »
(This Oct. 14 story has been refiled to remove a picture) PARIS (Reuters) – The French government needs guarantees from drugmaker Sanofi that production of its popular Doliprane painkiller will stay in France to allow the sale of its consumer health branch to go ahead, Economy Minister Antoine Armand said on Monday. Sanofi said on …
France seeks job guarantees from Sanofi over Doliprane painkiller production Read More »
(Reuters) -A British regulator has fined Volkswagen’s UK financial services unit 5.4 million pounds ($7 million) for unfairly treating financially-stretched customers between 2017 and 2023. Volkswagen Financial Services (UK) Limited, which has agreed to pay over 21.5 million pounds in redress to around 110,000 customers who may have suffered, also took cars away from vulnerable …
UK watchdog fines Volkswagen unit for unfairly treating customers Read More »
By Nathan Vifflin and Mara Vilcu (Reuters) -French car part supplier Forvia has secured new deals with Chinese automakers BYD and Xiaomi, it said on Monday, sending its shares up nearly 10%. The world’s seventh largest car parts supplier by revenue, whose Chinese sales account for a quarter of total revenue, is hoping new contracts …
Forvia clinches new supply deals with China’s BYD and Xiaomi, shares jump Read More »
