Reuters UK Business

MADRID (Reuters) – Talgo’s top shareholder is in talks to sell its 40% stake in the Spanish train maker to Swiss rival Stadler Rail as an alternative to a tender offer from Hungary’s Ganz-Mavag consortium, El Economista newspaper reported on Monday, citing unidentified market sources. On March 7, Ganz-Mavag – which includes the Magyar Vagon …

Talgo’s top shareholder in talks with Stadler over takeover bid, report says Read More »

LONDON (Reuters) -European home improvement retailer Kingfisher warned on Monday that current-year profit would fall short of analysts’ expectations after it reported a 25% drop for 2023-24. “In the short term, while repairs, maintenance and renovation activity on existing homes continue to support resilient demand, we are cautious on the overall market outlook for 2024 …

Home improvement retailer Kingfisher warns on profit outlook Read More »

WARSAW (Reuters) – Moves to put Poland’s central bank governor before a State Tribunal have not had a negative effect on markets, the finance minister said on Monday, in a sign the government is relaxed about any possible fallout from efforts to oust him. Poland’s pro-European coalition government looks set to submit a motion this …

Polish markets calm over potential Glapinski tribunal case, says minister Read More »

BRUSSELS (Reuters) – EU antitrust chief Margrethe Vestager and EU industry chief Thierry Breton will hold a joint press conference at 1000 GMT, the European Commission said on Monday. Sources said they will likely announce investigations into potential breaches of the Digital Markets Act (DMA) targeting Big Tech companies. (Reporting by Bart Meijer)

PARIS (Reuters) – The chief executive of Onepoint, the leading shareholder of troubled Atos, said on Monday he was prepared to head a rescue plan for the tech group to protect “the integrity of its assets”, but Atos said it had not discussed any such plan. The French Finance Ministry said last week that France …

Head of leading Atos shareholder Onepoint says ready to lead rescue plan Read More »

(Reuters) – Goldman Sachs on Monday raised its 2024 year-end target for Europe’s STOXX 600 index to 540 from 510, citing potential improvement in economic growth and monetary policy easing across central banks. The brokerage’s new target for the pan-European benchmark index implied a nearly 6% upside from Friday’s close of 509.64. “If economic growth …

Goldman Sachs lifts STOXX 600 annual target to 540 Read More »

By Marie Mannes and Chandni Shah STOCKHOLM (Reuters) -Swedish real estate group SBB said on Sunday it would buy back debt at a discount of 60% compared with the debt’s original value, in an attempt to calm investors’ nerves as it scrambles to tackle a multi-billion debt pile. The property group said it would pay …

Sweden’s SBB to buy back debt at 60% discount Read More »