PARIS (Reuters) -U.S. private equity firm Bain Capital is looking at buying some key assets of French tech and software company Atos, reported French paper Les Echos on its website, citing sources. Atos is in the middle of a restructuring and planned asset sale programme. Last month, the French government made a provisional offer to …
Bain Capital looking at French tech company Atos, reports Les Echos Read More »
By Jesús Aguado and Andres Gonzalez MADRID/LONDON (Reuters) -Spanish bank Sabadell has lined up advisers to assess its options after rival BBVA unveiled a 12 billion euro ($12.83 billion) takeover offer, sources said on Thursday, as shares in Sabadell extended gains on the proposed deal. BBVA said this week that it had approached its smaller …
Sabadell taps advisers for BBVA options after takeover offer, sources say Read More »
By Ankika Biswas and Johann M Cherian (Reuters) -European shares fell slightly in their first May trading session on Thursday as investors returned from a mid-week holiday to gauge a slew of earnings after the Federal Reserve signalled a delay in U.S. interest rate cuts. The pan-European STOXX 600 eased 0.2% after logging its first …
European shares ease after Fed decision, mixed earnings Read More »
By Pranav Kashyap, Sruthi Shankar and Khushi Singh (Reuters) -Britain’s blue-chip share index rose on Thursday as shares of Shell and Standard Chartered jumped after strong results, while investors also took comfort from the Federal Reserve dismissing the possibility of more interest rate hikes. The blue-chip FTSE 100 ended up 0.6% to 8,172.15 points, hovering …
FTSE 100 boosted by strong earnings from Shell, StanChart Read More »
LISBON (Reuters) – Portugal’s fourth-largest bank Novo Banco wants to remain independent and is targeting an initial public offering (IPO), which should ideally be preceded by the lifting of a ban on dividend payouts, CEO Mark Bourke told Reuters on Thursday. He said the bank’s results had consistently shown that it is operationally prepared for …
Portugal’s Novo Banco aims for IPO, wants end of dividend ban Read More »
By Andy Bruce LONDON (Reuters) -Britain will suffer some of the lowest rates of economic growth and highest inflation among Group of Seven countries this year and next, forecasts from the Organisation of Economic Co-operation and Development suggested on Thursday. The OECD cut this year’s growth forecast for the British economy to 0.4% from the …
UK set for weak growth and highest inflation in G7, OECD says Read More »
By Maggie Fick LONDON (Reuters) -Novo Nordisk raised its 2024 outlook on Thursday and delivered better-than-expected first-quarter profits as the Danish drugmaker races to boost output of its Wegovy weight-loss drug and fend off competition from rival Eli Lilly. Novo is currently the most valuable company in Europe by market capitalisation, worth some 540.4 billion …
Novo Nordisk raises outlook fuelled by obesity drug demand Read More »
By Ron Bousso LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The company also said it will repurchase a further $3.5 billion of its shares over the next three months, at a similar rate to the …
Shell smashes forecasts with $7.7 billion quarterly profit Read More »
LONDON (Reuters) – The ongoing downturn in euro zone manufacturing activity deepened in April due to crumbling demand despite factories cutting prices, pushing firms to reduce headcount again, a survey showed on Thursday. HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 45.7 in April from March’s 46.1, below …
Euro zone factory activity took turn for the worse in April, PMI shows Read More »
By Diana Mandia and Matteo Allievi (Reuters) -ING Groep announced on Thursday a 2.5 billion euro share buyback following what the Dutch bank said was strong first-quarter performance helped by high interest rates, sending its shares up over 5% in morning trade. The banking sector has been one of the main beneficiaries of rising interest …
ING announces share buyback, quarterly net interest income falls Read More »
