By Elvira Pollina MILAN (Reuters) -MFE-MediaForEurope, the top investor in German broadcaster ProSiebensat.1, on Thursday asked for shareholders to be given a vote next month on a plan to spin off its e-commerce and dating assets. The proposal could help MFE mount a potential buyout approach for ProSieben’s TV business, which MFE sees as crucial …
Top investor MFE seeks ProSieben asset split in M&A push Read More »
BERLIN (Reuters) -The German Football Association (DFB) announced that American sportswear giant Nike would become their official supplier from 2027 onwards, ending a decades-long partnership with German firm Adidas. The DFB said on Thursday Nike would supply all national teams from 2027 to 2034, having made the best financial offer. “The coming partnership allows the …
Soccer-Nike to become Germany supplier in 2027 after seven decades with Adidas – DFB Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Apple, Meta Platforms and Alphabet’s Google are set to be investigated for potential violations of the European Union’s Digital Markets Act (DMA) that could lead to hefty fines by the end of the year, according to people with direct knowledge of the matter. The European Commission will likely …
Apple, Meta, Google to face EU Digital Markets Act probes, sources say Read More »
By Shristi Achar A, Pranav Kashyap and Johann M Cherian (Reuters) -UK stocks closed higher on Thursday, with the FTSE 100 rising as much as 2%, boosted by rate-sensitive financials after the Bank of England kept borrowing costs unchanged and said that the economy is moving in the direction for interest rate cuts. The FTSE …
By John Revill ZURICH (Reuters) -The Swiss National Bank cut its main interest rate by 25 basis points to 1.50% on Thursday, a surprise move which made it the first major central bank to dial back tighter monetary policy aimed at tackling inflation. The central bank, in the first decision since long-serving Chairman Thomas Jordan …
Swiss National Bank surprises with quarter point interest rate cut Read More »
By Terje Solsvik OSLO (Reuters) – Norway’s central bank kept its benchmark interest rate unchanged at 4.50% on Thursday, as unanimously expected by analysts, and signalled that it only plans a single rate cut this year. “The current forecast indicates that the policy rate will continue to lie at 4.5% in the period to autumn …
Norway keeps interest rate on hold, eyes autumn cut Read More »
LONDON/ZURICH (Reuters) -The Swiss National Bank cut its main interest rate by 25 basis points to 1.50% on Thursday, a surprise move that made it the first major central bank to dial back tighter monetary policy aimed at tackling inflation. The franc dropped after the decision, pushing the euro to its highest against the Swiss …
Swiss National Bank hits franc with surprise rate cut Read More »
By Emma-Victoria Farr FRANKFURT (Reuters) -Shares in German perfume and cosmetics retailer Douglas fell 6.8% from their IPO price on the first day of trading on Thursday, opening at 25.50 euros each, which would value the company, including debt, at almost 5 billion euros ($5.43 billion). The listing on the Frankfurt exchange of the 31.8% …
Germany’s Douglas shares fall below IPO guidance price at Frankfurt debut Read More »
BRUSSELS (Reuters) – Europe’s top court should back U.S. gene sequencing company Illumina’s appeal against the EU antitrust regulators’ review of its $7.1 billion bid for cancer test maker Grail, an adviser to the court said on Thursday. A lower tribunal in 2022 had sided with the European Commission, prompting Illumina to take its case …
LONDON (Reuters) – Euro zone business activity was within a whisker of returning to growth in March, outperforming expectations, according to a survey which showed inflationary pressures bucked a recent trend and eased this month. However, the recovery was uneven with a strong rebound in services activity offsetting a more severe downturn in manufacturing. HCOB’s …
Euro zone business activity close to stabilising in March-PMI Read More »
