(Refiles to fix dropped words in para 7) By Mark Trevelyan and Maxim Rodionov (Reuters) – The Dutch parent of tech group Yandex said on Friday it had successfully completed the first phase of a $5.2 billion deal to sell the company, often dubbed “Russia’s Google”, to a consortium of Russian investors. The Dutch entity, …
Yandex parent company says first phase of Russia divestment deal is complete Read More »
LONDON (Reuters) -Britain’s competition watchdog said on Friday it would not investigate the partnership between Microsoft and Mistral AI, weeks after it invited views on the tie-up. In February, Microsoft invested $16 million in Mistral AI, partnering to make the French start-up’s artificial intelligence models available through its Azure platform. It has also invested in …
UK’s CMA rejects probe into Microsoft-Mistral AI tie-up Read More »
By David French NEW YORK (Reuters) -Spanish utility Iberdrola has agreed to acquire the remaining 18.4% stake in Avangrid that it does not already own, the U.S. subsidiary said on Friday, in an all-cash deal worth about $2.6 billion. The agreement would come after Avangrid abandoned in January an $8.3 billion deal to acquire U.S. …
Iberdrola to buy rest of US power firm Avangrid in $2.6 billion deal Read More »
By Shubham Batra and Purvi Agarwal (Reuters) -London’s FTSE 100 ended the day and the week slightly lower on Friday, pausing after a run of record highs and ahead of a reading of UK inflation next week that will set near-term expectations for the timing of a first interest rate cut. The blue-chip FTSE eased …
London’s FTSE nudges lower for week after record run Read More »
By Ankika Biswas and Johann M Cherian (Reuters) -European shares closed lower on Friday, as investors turned cautious following remarks from a policymaker on the outlook for monetary policy, while Richemont logged its best day in over three months after announcing a management rejig. The pan-European STOXX 600 dipped 0.1%, with the rate-sensitive real estate …
European shares end lower on rate cut jitters; Richemont shines Read More »
LONDON (Reuters) – Any takeover bid for Britain’s Royal Mail would be subject to “normal” national security scrutiny but it would not be opposed in principle, finance minister Jeremy Hunt said on Friday. Royal Mail’s owner, International Distributions Services, said on Wednesday it would recommend a 3.5 billion pound approach from its biggest shareholder Daniel …
Any bid for Royal Mail would face ‘normal’ security review, UK says Read More »
LONDON (Reuters) – The Bank of England will increase the number of staff working in the northern English city of Leeds as part of a plan to rely less on London for hiring workers, the central bank said on Friday. The BoE said it would have at least 500 workers based in Leeds by 2027, …
Bank of England says it will ramp up staff in northern city of Leeds Read More »
By America Hernandez PARIS (Reuters) -French energy company Engie said on Friday first-quarter earnings fell 3.2% as a warmer than usual winter depressed demand for natural gas and price volatility eased, outweighing higher hydropower output. The company, which makes most of its income from producing, transporting and selling gas and electricity, said earnings before interest …
Engie first quarter profit drops on lower gas sales Read More »
JOHANNESBURG (Reuters) -Dutch technology investor Prosus and its South African parent group Naspers on Friday named the head of their iFood business, Fabricio Bloisi, as their new CEO, replacing long-time boss Bob van Dijk who stepped down last September. The companies, whose main asset is Prosus’s 26% stake in Chinese tech giant Tencent, said Bloisi …
Prosus and Naspers name iFood head Bloisi as new CEO Read More »
(Reuters) – German truck maker Daimler Truck and Sweden’s Volvo intend to form a joint venture to develop a software-defined vehicle platform and dedicated truck operating system, the two companies said on Friday. The new company would be a 50/50 joint venture, with the deal expected to close by the first quarter of 2025, according …
Daimler Truck and Volvo intend to form software joint venture Read More »
