By Huw Jones LONDON (Reuters) -Payments firm Fnality and fintech HQLAX said on Tuesday it would launch a new service by the end of the year for banks to slash the time and financial resources needed for settling sterling-denominated repo trades. Fnality said it would officially apply to its regulator, the Bank of England, for …
Fnality to seek Bank of England permission for intraday repo settlement Read More »
By Radhika Anilkumar (Reuters) -Britain’s Tate & Lyle has struck a $1.8 billion deal to buy U.S.-based CP Kelco to boost its speciality ingredients business and tap demand for plant-based products. Shares dropped more than 8% after Thursday’s announcement, hit by investor concern over CP Kelco performance. “The deal looks a good fit in terms …
Tate & Lyle bulks up food ingredients with $1.8 billion CP Kelco deal Read More »
By Toby Sterling and Rene Wagner AMSTERDAM (Reuters) -The Netherlands will try to find another buyer or seek an IPO for the German arm of its state-owned electric grid company, after a sale to the German government foundered on Berlin’s budget strains, the Dutch government said on Thursday. The collapse of talks is a headache …
Dutch seek another buyer or IPO for TenneT Germany after Berlin talks end Read More »
By John Revill ZURICH(Reuters) – The Swiss National Bank cut interest rates on Thursday for the second time running, pointing to easing price pressures that allowed it to maintain its position as a frontrunner in the global policy easing cycle now underway. The Swiss franc weakened and stocks gained after the central bank cut its …
Swiss National Bank continues rate cuts, sees inflation pressure easing Read More »
BERLIN (Reuters) -Siemens has temporarily stopped deliveries of its new fast-speed ICE trains to rail operator Deutsche Bahn after finding defects in some components, the German conglomerate said on Thursday. “Siemens Mobility is in close dialogue with Deutsche Bahn and the subcontractor and is working hard to resolve the issue,” a spokesperson told Reuters. The …
Siemens halts train deliveries to Germany due to defects Read More »
By Sinead Cruise and Sarah Young LONDON (Reuters) -NatWest has struck a deal to acquire most of the banking business of UK retailer Sainsbury’s, the companies said on Thursday, in a deal that would increase the British lender’s assets by 2.5 billion pounds ($3.2 billion). The first major transaction executed by NatWest Chief Executive Paul …
NatWest swoops on retailer Sainsbury’s banking business Read More »
By Dominique Vidalon and Agata Rybska PARIS (Reuters) -French food group Danone will step up its focus on health and medical nutrition as it seeks to grow sales and boost cash generation from 2025 to 2028, the company said on Thursday. The maker of Activia yoghurt, Evian water and Aptamil baby food expects to achieve …
By Echha Jain (Reuters) -British trading platform CMC Markets on Thursday forecast higher operating income in 2025 after a 52% jump in annual profit aided by strong retail and institutional trading and tight cost control measures, boosting shares to a near-two-year high. CMC said the higher forecast was driven by factors including the launch of …
BERLIN (Reuters) – Germany’s Ifo institute slightly raised its 2024 forecast for economic growth in Europe’s top economy on Thursday, citing stronger consumer purchasing power and recovery in global trade in goods and industrial production in the second half. Ifo raised its growth forecast to 0.4%, from 0.2% in March, which roughly is in line …
Germany’s Ifo institute slightly raises 2024 GDP forecast Read More »
By Shashwat Chauhan and Jesus Calero (Reuters) -European shares gained on Thursday, boosted by an advance in technology and real estate stocks, while Swiss equities gained after the central bank continued to loosen monetary policy. The pan-European STOXX 600 gained 0.4% as of 0820 GMT. Technology stocks led the gains, rising 1.2%, while real estate …
European shares advance on tech, real estate boost; Swiss stocks shine Read More »
