(Reuters) -French payments company Worldline has been studying funding options, including a potential equity offering, as it seeks to shore up its capital base, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The company declined to comment on the report. Worldline has been in talks with banks in recent weeks and …
By Francesca Landini MILAN (Reuters) -Snam expects a decision from Germany’s economy ministry by November 17 on its planned acquisition of a minority stake in Open Grid Europe, the country’s largest independent gas transmission operator, the Italian group’s CFO said on Wednesday. The deal has been at risk of falling through after the German ministry …
Snam awaits German decision on Open Grid Europe stake by November 17 Read More »
CHALASTRA, Greece (Reuters) -Faced with droughts and sharper competition, Greek rice farmers are tapping into a new revenue stream: selling their cheap, broken rice to wedding goers instead of discarding it or using it for animal feed. The tradition of tossing rice over newlyweds has become a wasteful problem in the Mediterranean country, say farmers, …
The new revenue stream for Greece’s struggling rice farmers? Wedding confetti Read More »
(Reuters) -Telecom Italia (TIM) on Wednesday reported a 5.3% rise in core earnings during the first nine months of the year and confirmed its earnings growth forecast of around 7% for 2025. The company said that the migration to its network by customers of PosteMobile, the telecommunications branch of Italian financial conglomerate Poste Italiane, will …
Telecom Italia lifts 9 months core earnings by 5.3% Read More »
MILAN (Reuters) -Italian merchant bank Mediobanca on Wednesday reported an 11.8% yearly fall in quarterly net profit, hit by costs tied to its defence against Banca Monte dei Paschi’s (MPS) takeover bid, despite steady revenues. Thanks to the support of two leading Mediobanca shareholders, MPS in September completed its 16-billion-euro ($19 billion) stock‑and‑cash acquisition of …
Mediobanca profit falls 11.8% hit by MPS, Banca Generali bid costs Read More »
By Jacob Gronholt-Pedersen, Maggie Fick and Bhanvi Satija COPENHAGEN (Reuters) -Wegovy-maker Novo Nordisk trimmed its full-year forecasts on Wednesday as sales growth of its blockbuster obesity drugs slows, leaving investors worried the firm is losing ground to U.S. peer Eli Lilly and copycat rivals. Novo’s shares whipsawed through the day, sliding and then rising on …
Novo Nordisk trims outlook as obesity drug maker loses ground to Eli Lilly Read More »
PARIS (Reuters) -Societe Generale, France’s third-biggest listed bank, is poised to close 101 branches in the country next year, the CGT union said in an emailed statement on Wednesday. The management of SocGen’s French retail division informed staff representatives of the plan, the CGT said. A SocGen spokesperson declined to comment. SocGen has already closed …
SocGen to close 101 branches in France in 2026, CGT union says Read More »
By Phoebe Seers and Nell Mackenzie LONDON (Reuters) -Bank of England deputy governor Sarah Breeden said on Wednesday it was “really important” for the U.S. and Britain to be synchronised on regulation of stablecoins. Breeden’s comments come less than a week before the BoE launches a consultation on regulating stablecoins – cryptoassets pegged to a …
Bank of England’s Breeden urges closer UK-US stablecoin collaboration Read More »
LISBON (Reuters) -MFE–MediaForEurope, the television group controlled by Italy’s Berlusconi family, is negotiating to buy no more than 33% of Portuguese media company Impresa from the Balsemao family, Impresa said on Wednesday. A month ago, Impresa said the Balsemao family’s holding company, which controls more than 50% of the Portuguese media group, was in exclusive …
Italy’s MFE in talks to buy no more than 33% of Portugal’s Impresa Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Abu Dhabi state oil firm ADNOC is expected to gain the EU green light for its 14.7 billion euro ($17 billion) bid for German chemicals company Covestro in the coming weeks, people with direct knowledge of the matter said. The European Commission, the EU’s competition enforcer, restarted its investigation …
ADNOC’s Covestro deal set for EU nod in coming weeks, sources say Read More »
