S&P Global raised its long-term issuer credit rating of Swedish real estate group SBB to “CCC” from selective default (SD) on Thursday and maintained its negative outlook, after cutting its rating earlier this week. The rating agency had cut SBB’s rating on Wednesday, following the embattled group’s announcement it would buy back debt at a …
S&P raises property group SBB out of selective default Read More »
LONDON (Reuters) – French insurer AXA will not have major losses from the Baltimore bridge collapse, it said on Thursday. “Based on a preliminary assessment, AXA currently does not expect losses from the Francis Scott Key bridge collapse to be material at group level,” AXA said in a statement. “We continue to monitor this closely.” …
Insurer AXA does not expect material losses from Baltimore bridge collapse Read More »
(Reuters) -Superdry CEO and top shareholder Julian Dunkerton will not be making an offer for the company, both parties said on Thursday, and the struggling British fashion chain said it reached an agreement to extend a loan facility to help its turnaround plans. Dunkerton, who holds a 26% stake in the company and is a …
Superdry CEO Dunkerton will not bid for fashion chain Read More »
By Zaheer Kachwala and Rishabh Jaiswal (Reuters) -U.S. videogame publisher Take-Two Interactive Software has agreed to buy Gearbox Entertainment from Sweden’s Embracer for $460 million in stock to beef up its arsenal of titles with games including first-person shooter “Borderlands”. The “Grand Theft Auto” franchise owner, which unveiled the deal on Wednesday, is picking up …
Take-Two to buy ‘Borderlands’ maker Gearbox from Embracer for $460 million Read More »
LONDON (Reuters) -The British public’s expectations for inflation over the next year and the longer term fell in March, U.S. bank Citi said on Thursday as it published a monthly survey by market research firm YouGov. Citi said public expectations for inflation in 12 months’ time fell to 3.3% in March from 3.6% in February, …
UK public’s inflation expectations fall again in March – Citi/Yougov survey shows Read More »
By Shristi Achar A and Johann M Cherian (Reuters) -Europe’s STOXX 600 closed at a record high on Thursday, finishing its second-straight quarter in gains, with retailer JD Sports notching its strongest day in over four years after reiterating its annual profit forecast. The pan-European STOXX 600 ended 0.2% up, closing a week that was …
STOXX 600 closes second-straight quarter with gains Read More »
LONDON (Reuters) -Britain’s competition regulator said on Thursday that it has decided not to open an in-depth ‘phase 2’ investigation into Aviva’s acquisition of AIG Life UK. Britain’s Aviva agreed last September to buy the UK life insurance business of U.S. insurer AIG, known as AIG Life UK, for 460 million pounds ($580.43 million). The …
UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger Read More »
By Carolyn Cohn LONDON (Reuters) -The collapse of Baltimore’s Francis Scott Key Bridge is likely to lead to a multi-billion dollar insurance loss, the chairperson of commercial insurance market Lloyd’s of London said on Thursday. The massive Singapore-flagged container ship Dali sailing out of Baltimore Harbor bound for Sri Lanka reported losing power and the …
FRANKFURT (Reuters) -Bank lending to euro zone companies and households continued to stagnate last month, with high interest rates likely to have discouraged borrowers as well as lenders, European Central Bank data showed on Thursday. The ECB has jacked up borrowing costs to record highs to tame inflation but this has taken a heavy toll …
Euro zone bank lending stagnated again in February Read More »
MOSCOW (Reuters) – Russia’s Kuibyshev mid-sized oil refinery near the city of Samara on the Volga river has halted all production following damage from a Ukrainian drone attack last week, two industry sources told Reuters on Thursday. The disruption adds to the difficulties of the Russian oil refining sector as the need for emergency repairs …
Exclusive-Russia’s Kuibyshev oil refinery at a standstill after drone attack last week Read More »
