(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until further notice. …
Factbox-Airlines suspend flights as Middle East tensions rise Read More »
BERLIN (Reuters) – German academic research publisher Springer Nature plans to list on the Frankfurt Stock Exchange in an initial public offering that could be completed by the end of 2024, the company said in a statement on Thursday. The offer is intended to consist of a 200 million euro capital increase and a sale …
Springer Nature announces plans to list on Frankfurt Stock Exchange Read More »
(Reuters) – Bayer’s Monsanto unit said on Wednesday that a Philadelphia Court jury reached a verdict in the Young Roundup product liability trial in their favor. Bayer bought Monsanto for $63 billion in 2018, and has faced extensive and costly litigation over whether Monsanto’s Roundup weed killer causes cancer. (Reporting by Gursimran Kaur in Bengaluru)
PRAGUE (Reuters) – Czech gunmaker Colt CZ Group posted a 41.2% rise in first-half revenue on Thursday as U.S. sales recovered and the group completed its acquisition of ammunition manufacturer Sellier & Bellot. Revenue climbed to 9.69 billion crowns ($425 million) while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 35.3% to …
Colt CZ Group posts H1 revenue jump, confirms 2024 outlook Read More »
FRANKFURT (Reuters) -Volkswagen and union IG Metall will start talks at the end of September over a new labour agreement for six of its German plants after a job security scheme was cancelled by the carmaker earlier this week. Europe’s top carmaker has clashed with workers over proposals to shut German factories for the first …
Volkswagen, IG Metall union to start talks about new labour deal a month early Read More »
By Pranav Kashyap (Reuters) -European shares climbed 1% on Thursday, buoyed by strong performances among technology stocks, while investors awaited a policy decision from the European Central Bank later in the day where a rate cut is almost a certainty. The pan-European STOXX 600 index was up 1% at 513.1 points, and set for the …
European shares rise 1% on tech boost; ECB meet in focus Read More »
By Emma-Victoria Farr, Lucy Raitano, John O’Donnell FRANKFURT/LONDON (Reuters) -It was late on Tuesday evening in Europe and investors’ suspicions were growing. The German government’s efforts to sell Commerzbank shares in a market placement, on the face of it, a simple task, were stalling. They had expected the deal to wrap up soon after JPMorgan …
How UniCredit swept up a stake in Commerzbank in bid to grow in Germany Read More »
By Tommy Reggiori Wilkes and Prinz Magtulis (Reuters) – UniCredit’s purchase of a stake in Commerzbank has fuelled speculation about further European banking consolidation, after this year’s hostile bid for Sabadell by Spain’s BBVA’s. Supervisors in Europe have long supported the idea of more tie-ups – both within and across countries – because fewer, stronger …
Hurdles to M&A in Europe’s fragmented banking sector Read More »
By John O’Donnell and Tom Sims FRANKFURT (Reuters) -Commerzbank’s management has discussed how to keep the German lender independent, exploring defence strategies to resist a potential bid from UniCredit, a person familiar with the discussions said on Wednesday. While Commerzbank will engage in discussions with UniCredit in line with its obligation to shareholders, the bank …
Commerzbank seeks to fend off potential UniCredit takeover, sources say Read More »
OSLO (Reuters) – Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company’s CEO said on Wednesday. Norwegian-born billionaire John Fredriksen lost the control of the company, once the world’s largest driller by market cap, to its creditors over two debt restructurings since 2014. …
Offshore driller Seadrill eyes asset acquisitions, M&A, CEO says Read More »
