COPENHAGEN (Reuters) -Telecom group Telenor on Wednesday said its Norwegian unit will lay off around 100 employees and substantially reduce its number of temporary staff and consultants as of May as part of a reorganisation. It said in a statement Telenor Norway’s reorganisation includes the closing of a call center in the city of Rorvik. …
Telenor to cut around 100 jobs in Norway as part of reorganisation Read More »
By Francois Murphy and Balazs Koranyi VIENNA (Reuters) – Austria’s central bank chief said there was a “tail risk” in a plan by Raiffeisen Bank International to buy a stake in Austrian building company Strabag with funds currently tied up in Russia and only Raiffeisen can judge if such a risk is worth taking. Governor …
Austrian central bank chief sees ‘tail risk’ in Raiffeisen’s Strabag deal Read More »
LONDON (Reuters) – Richard Branson’s Virgin Atlantic said on Wednesday it would return to profitability this year after strong demand from holiday makers drove revenue up by 265 million pounds ($333 million) to a record 3.1 billion pounds in 2023. The airline, which is 49%-owned by Delta Air Lines, reported an adjusted pretax loss of …
UK’s Virgin Atlantic says it’s on course to return to profitability in 2024 Read More »
(Reuters) – U.S. private equity firm Clayton Dubilier & Rice (CD&R) said on Tuesday it had agreed to acquire a majority ownership position in information technology provider Presidio from UK-based BC Partners. CD&R said private equity firm BC Partners will continue to retain a minority ownership position in the company as part of the deal, …
Private equity firm CD&R to buy IT company Presidio from BC Partners Read More »
By Priyanka G and Milana Vinn (Reuters) -Private equity firm EQT said on Tuesday it has agreed to buy compliance software maker Avetta from Welsh, Carson, Anderson & Stowe (WCAS). Reuters reported on Monday citing sources that EQT had prevailed in a sale process run by Avetta’s owner Welsh Carson, valuing the company at roughly …
Private equity firm EQT agrees to buy software maker Avetta from Welsh Carson Read More »
(Reuters) – UBS appointed three banking veterans to lead its equity capital markets (ECM) unit in the U.S., as the world’s biggest wealth manager looks to ramp up other divisions after its takeover of Credit Suisse last year saddled it with losses. The bank named Gregor Feige and Brad Miller co-heads of Americas ECM and …
UBS appoints three executives to lead Americas equity capital markets Read More »
By Jonathan Cable LONDON (Reuters) – Overall manufacturing activity in the euro zone took a further turn for the worse in March, contracting at a steeper pace than in February, but there were signs of recovery in Italy and Spain, surveys showed on Tuesday. Demand continued to fall, according to the surveys which nevertheless demonstrated …
Euro zone factory downturn deepened in March but some recovery signs, PMI shows Read More »
By Nora Eckert DETROIT (Reuters) – Factory workers at Mercedes Benz’s assembly plant in Alabama are moving forward with efforts to join the United Auto Workers union, and they plan to file a petition as soon as this week with U.S. regulators, three people familiar with the matter said on Tuesday. Employees at the SUV …
Mercedes workers in Alabama to file for union vote as soon as this week, sources say Read More »
VIENNA (Reuters) – Austria’s Raiffeisen Bank International, the biggest Western bank in Russia, said on Tuesday it stands by its assessment that its purchase of a stake in Austria’s Strabag long held by a Russian tycoon complied with sanctions laws. But the bank also said the deal for the Strabag stake, which has faced scrutiny …
Austria’s RBI stands by view that Strabag deal complies with sanctions Read More »
MILAN (Reuters) – Eni is evaluating an expression of interest for its newswire Agenzia Giornalistica Italia (AGI), a spokesperson for the energy group said on Tuesday, adding the discussion was preliminary and non-exclusive. The possible sale of Italy’s second largest news agency to a lawmaker from the rightwing, co-ruling League party, has been widely reported …
Italy’s Eni mulls sale of newswire AGI amid conflict of interest row Read More »
