By Ankika Biswas and Johann M Cherian (Reuters) -Europe’s main index ended Wednesday at a record high as investors cheered strong earnings from the likes of beer maker Anheuser-Busch Inbev and Germany’s Siemens Energy, while mulling the possible timeline of major central bank rate cuts. The pan-European STOXX 600 ended up 0.3% at a record, …
Europe’s STOXX 600 closes at record high on earnings cheer Read More »
MILAN (Reuters) – European Union antitrust regulators will meet rivals of Telecom Italia (TIM) next week to discuss the proposed acquisition of the former phone monopoly’s domestic fixed-line network by U.S. fund KKR, two sources said on Wednesday. The EU Commission declined to comment. TIM rivals had until April 30 to answer EU questionnaires, which …
EU antitrust to meet Telecom Italia rivals next week over grid deal Read More »
By Linda Pasquini and Helen Reid (Reuters) -A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its order book for the rest of the year was looking “very good”, the German sportswear retailer said on Wednesday, helping lift its shares nearly 12%. Revamped and newly trendy shoes from the 1970s …
By Huw Jones and Kirstin Ridley LONDON (Reuters) -Britain’s financial watchdog conceded on Wednesday it had been surprised by the “stern reaction” from the industry about its proposals to “name and shame” companies under investigation, but brushed aside a finance ministry call to ditch the initiative. Grilled by the cross-party parliamentary Treasury Committee, the Financial …
UK financial regulator stands ground on ‘naming and shaming’ proposal Read More »
(Reuters) -French train maker Alstom on Wednesday detailed its plan to cut debt and reform its finances including a $1 billion rights issue supported by main shareholders, and comfortably beat cash-flow expectations. Its two main shareholders, Caisse de dépôt et placement du Québec (CDPQ) and Bpifrance, which hold stakes of 17.4% and 7.5% respectively, have …
Alstom details shareholder-backed debt-reduction plan, cash flow beats forecast Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of power equipment emerges from its biggest crisis to date. The announcement, which was flanked by a …
Siemens Energy shakes up troubled wind unit after strong results Read More »
By Chiara Holzhaeuser (Reuters) – German broadcaster RTL posted first-quarter revenue of 1.3 billion euros ($1.4 billion) on Wednesday, up 2.6% year-on-year, with TV advertising sales up 10%, after an 8.2% fall in 2023. RTL confirmed its guidance for 2024, saying this was based on “a slight recovery of the German TV advertising market and …
Germany’s RTL posts quarterly revenue rise on better TV ad sales Read More »
By Agata Rybska (Reuters) -Core profit at Sweden’s Securitas rose 8% in the first-quarter year on year as expected on Wednesday but a dip in its profit margin in Europe on integration costs and challenges in airport security staffing knocked its share price. The results were led by its performance in North America while the …
Securitas Q1 profit meets forecast as Europe margin lags Read More »
(Reuters) -Commodity trader Trafigura has expanded its agreement with Brookfield Asset Management and its listed affiliate Brookfield Business Partners to include Greenergy’s Canadian supply operations for an undisclosed sum, it said on Wednesday. The company in March agreed to acquire Greenergy’s European business. Greenergy is a UK-based supplier of road fuels and a biodiesel producer …
Trafigura to acquire Greenergy’s Canadian business Read More »
(Reuters) -Australia’s PSC Insurance will be acquired by Ardonagh Group in a deal valuing its equity at A$2.26 billion ($1.51 billion), PSC said on Wednesday, helping the UK-based insurance distribution platform expand its footprint in the region. PSC’s diversified insurance services group has over 40 trading brands and operations in Australia and other parts of …
Australia’s PSC to be bought by UK’s Ardonagh in $1.51 billion deal Read More »
