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European stocks gain on German data as focus turns to ECB policy meeting

8 Apr 2024

By Johann M Cherian, Ozan Ergenay and Ankika Biswas (Reuters) -European shares climbed on Monday, led by cyclical stocks, after strong industrial production data from the region’s largest economy Germany, although there was a sense of caution ahead of this week’s European Central Bank’s policy decision. The STOXX 600 index closed 0.5% higher, with Germany’s …

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UK’s John Lewis names ex-Tesco exec Tarry as its next chairman

8 Apr 2024

LONDON (Reuters) -Britain’s John Lewis Partnership has appointed former Tesco executive Jason Tarry as its next chairman following Sharon White’s decision to step down from the retailer. Tarry, who has 33 years of retail experience at Tesco including six as the supermarket’s UK & Ireland boss, will take up the role in September, John Lewis …

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Spanish cosmetics group Puig seeks at least $2.7 billion in local IPO

8 Apr 2024

MADRID (Reuters) -Cosmetics group Puig, owner of brands such as Carolina Herrera, Rabanne and Charlotte Tilbury, announced on Monday plans to raise more than 2.5 billion euros ($2.71 billion) in Spain’s largest initial public offering in almost a decade. The family-owned company aims to sell 1.25 billion euros of new shares and an even larger …

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Permira to sell education group Universidad Europea to EQT, sources say

8 Apr 2024

By Andres Gonzalez and Pablo Mayo Cerqueiro LONDON (Reuters) – Private equity firm Permira has agreed to sell a majority stake in higher education group Universidad Europea to Swedish rival EQT, two sources familiar with the matter told Reuters. The deal values Universidad Europea, which operates 12 campuses across Spain and Portugal, at more than …

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Norway industry workers, employers agree 5.2% wage increase

7 Apr 2024

OSLO (Reuters) -Norwegian industrial workers have reached a wage deal with employers, avoiding strike action, a major labour union said on Sunday. The deal will lift wages by 5.2% on average in 2024 and also involved increased educational support, said the Norwegian Confederation of Trade Unions (LO), the biggest of the two labour groups taking …

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Butler Industries joins Onepoint in Atos rescue consortium

7 Apr 2024

PARIS (Reuters) – Paris-based Butler Industries is joining a consortium to rescue distressed IT consulting firm Atos, the company’s leading shareholder Onepoint said on Sunday in a statement. Onepoint, which holds 11.4% of Atos, said last month it was ready to invest and organise the group’s capital restructuring to protect the integrity of its assets …

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Italy sees 2024 debt below 140% of GDP, junior minister says

6 Apr 2024

MILAN (Reuters) – Italy does not expect its debt to top 140% of gross domestic product (GDP) this year despite higher than forecast spending for home renovation incentives, a junior minister said ahead of a new set of government economic projections. Speaking on Saturday at a business conference organised by The European House Ambrosetti think-tank, …

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