MILAN (Reuters) – Moody’s on Wednesday raised Telecom Italia’s credit rating by one notch to Ba3 and maintained a positive outlook as the debt-laden telecoms company nears the completion of the sale of its fixed-line access network to KKR for up to 22 billion euros. Moody’s upgrade followed the unconditional approval of the deal by …
Moody’s lifts Telecom Italia rating with network sale in sight Read More »
LONDON (Reuters) – Patron Capital Partners is one of the bidders for Legal & General’s housebuilder CALA, in a deal expected to raise around one billion pounds ($1.28 billion), a source familiar with the matter said on Wednesday. Legal & General announced a revamp of its business on Wednesday, saying that CALA was marked for …
Patron Capital among bidders for Legal & General housebuilder CALA-source Read More »
By Daniel Wiessner (Reuters) -Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers – four women and four men – claim Musk ordered their firing in 2022 after they circulated …
SpaceX sued by engineers fired after accusing Elon Musk of sexism Read More »
By Alexander Marrow and Mark Trevelyan (Reuters) -New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on its leading financial marketplace, the Moscow Exchange. The exchange and the central bank rushed out statements on Wednesday – a public holiday in Russia – within an hour of Washington announcing …
Russia, hit by new US sanctions, halts dollar and euro trade on main bourse Read More »
By Pranav Kashyap and Purvi Agarwal (Reuters) – London stocks rebounded on Wednesday on revived hopes of interest rate cuts in the near future after data showed cooling inflation in the U.S. and a slowing economy in Britain, while Rentokil Initial further added to the gains. The blue-chip FTSE 100 closed 0.8% higher in its …
London stocks rise as early rate cut bets revive; Fed decision in focus Read More »
By Elizabeth Howcroft LONDON (Reuters) -Starling Bank is “pessimistic” about the outlook for the UK economy, it said on Wednesday, setting aside more cash for potential loan losses even as the digital bank reported a 55% jump in annual pretax profit, driven by higher interest rates. In the midst of an election campaign in which …
Starling hikes loan loss provisions on ‘pessimistic’ UK outlook Read More »
(Corrects headline, adds dropped word “to”) By Maria Martinez BERLIN (Reuters) -German inflation rose in May due to higher services prices, the federal statistics office said on Wednesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, rose 2.8% in May from a year earlier. They had risen 2.4% year-on-year …
Germany’s May inflation rises to 2.8% on higher services prices Read More »
By Shristi Achar A (Reuters) -European shares gained on Wednesday, supported by a drop in euro zone bond yields ahead of the release of crucial U.S. inflation data and the outcome of the Federal Reserve’s policy meeting later in the day. The pan-European STOXX 600 was up 0.5% as of 0837 GMT, after two sessions …
European shares rise as markets await US inflation, Fed verdict Read More »
(Reuters) – Shares in European car manufacturers dropped on Wednesday, led by declines in major brands such as Volkswagen and BMW, ahead of possible lawsuits in Britain over emissions tests that could cost companies over $7.5 billion. Lawyers for the claimants, owners of diesel vehicles, told London’s High Court on Tuesday some of the world’s …
European car manufacturers fall following UK dieselgate lawsuits Read More »
By Christoph Steitz FRANKFURT (Reuters) -German utility Uniper has won a multi-billion euro arbitration against former long-time supplier Gazprom, it said on Wednesday, allowing it to tear up dormant gas supply contracts and potentially setting a precedent for similar cases. The ruling marks a landmark victory for Uniper, which had to be rescued by the …
Uniper wins $14 billion arbitration ruling against Gazprom Read More »
