Reuters UK Business

By Elvira Pollina and Valentina Za MILAN (Reuters) – Amber Capital will back a strategy shift at ProSiebenSat.1 put forward by the German broadcaster’s top investor MFE-MediaForEurope at a shareholder vote later this month, a senior executive at the activist fund told Reuters. MFE, which holds nearly 30% of ProSieben, is proposing splitting the group’s …

Exclusive-Activist investor Amber Capital backs MFE’s push for changes at ProSieben Read More »

By Doyinsola Oladipo NEW YORK (Reuters) -Norwegian Cruise Line Holdings has placed the largest ship order in its history to meet the growing demand for cruise travel, the cruise operator said on Monday. The company will order eight new ships across the company’s three brands, scheduled for delivery between 2026 and 2036, executives told Reuters, …

Norwegian Cruise orders eight new ships, biggest order in its history Read More »

By Isla Binnie NEW YORK (Reuters) -West Virginia added four financial firms on Monday to a list of institutions that may be barred from some state business because the state’s treasurer deems they are boycotting the fossil fuel industry. It was the latest move in a bubbling dispute between Republican officials and Wall Street firms …

West Virginia treasurer adds four finance firms to ESG blacklist Read More »

(Reuters) -Crisis-hit French IT firm Atos has told creditors and bondholders it is seeking more than 1 billion euros ($1.09 billion) in new funds, Bloomberg News reported on Monday, citing people with direct knowledge of a new restructuring plan. Atos is aiming to convert about half of its $5 billion debt into equity as part …

Atos seeks over $1 billion in new funds, Bloomberg reports Read More »

MADRID (Reuters) – Spanish holding vehicle Criteria, the main shareholder in Caixabank, announced on Monday it had raised its stake in Spanish telecoms company Telefonica to 5.007% from a previously reported 2.69%. Criteria did not say how much it paid, but a 5% stake in Telefonica has a current market value of slightly more than …

Spanish holding company Criteria raises stake in Telefonica to 5% Read More »

ZURICH (Reuters) – The Swiss National Bank sees no need for a central bank digital currency (CBDC) to be issued to the general public, Chairman Thomas Jordan said on Monday. “Consumers and businesses already have access to a wide range of efficient and innovative payment instruments offered by the private sector,” Jordan told an event …

Swiss National Bank’s Jordan against issuing retail cenbank digital currency Read More »

LONDON (Reuters) – Consumers are becoming slightly less sceptical about bitcoin, a Deutsche Bank survey published on Monday showed, although just under a third of those questioned still expect its price to drop sharply by the end of 2024. WHY IT’S IMPORTANT Although people have poured billions of dollars into bitcoin, hoping for returns if …

Crypto survey shows less consumer scepticism, but a third expect bitcoin price fall Read More »

By Oliver Hirt and Noele Illien ZURICH (Reuters) – Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country’s only remaining big bank also imploding. It is about to find out. The Swiss government is this month …

UBS on the brink of Switzerland’s ‘too big to fail’ reckoning Read More »