SYDNEY (Reuters) -Uber has agreed to pay A$271.8 million ($178 million) to settle a lawsuit brought by Australian taxi operators and drivers, who say they lost income when the ride-hailing company moved into the country, a law firm said on Monday. The settlement is Australia’s fifth-largest, Maurice Blackburn Lawyers said in a statement. The class …
Uber to pay $178 million in Australia taxi class action settlement Read More »
(Reuters) – Logitech said on Monday its chief financial officer Charles Boynton will leave the company in May. The Swiss company said Boyton is leaving for a new career opportunity and that his successor would be announced later. Boynton has been in the position for 1.5 years, while Logitech’s new CEO Hanneke Faber joined the …
(Reuters) – Shares in Polish fashion group LPP rose around 8% on Monday, recovering some of last week’s losses made after a Hindenburg Research report questioned the 2022 sale of its Russian assets. LPP on Friday denied the allegations in the report. The stock was up 8.2% by 0836 GMT, after falling 36% on Friday, …
Shares in Polish fashion group LPP recoup some losses Read More »
By James Davey LONDON (Reuters) -British electricals retailer Currys, which has resisted bid interest from two suitors, on Monday edged up its profit outlook after stronger-than-expected recent sales. On Friday, China-based online retailer JD.com said it would not make an offer for Currys, days after U.S. investor Elliott Advisors walked away. Shares in Currys, which …
After bid interest ends, UK’s Currys raises profit outlook Read More »
(Reuters) – European shares opened marginally higher on Monday, led by gains in basic resources, although investor caution ahead of euro zone inflation data limited the rise. The pan-European STOXX 600 index was up 0.1%, as of 0816 GMT. Basic resources led sectoral gains with a 0.7% jump after top metal consumer China’s industrial output …
European shares edge up as basic resources rally offsets investor caution Read More »
(Reuters) -Consumer healthcare firm Haleon said on Monday that U.S. drugmaker Pfizer, its top shareholder, will sell down its stake in the company to about 24%. Pfizer, which currently holds a 32% stake in Haleon, said last year it planned to cut its ownership in a “slow and methodical” manner within months. The offer price …
Pfizer to cut stake in Sensodyne toothpaste-maker Haleon to 24% Read More »
ZURICH (Reuters) – Julius Baer cut 2023 bonus payments to its now departed chief executive and other senior managers in the wake of hefty losses the Swiss bank reported from its exposure to collapsed property group Signa. Total compensation for Philipp Rickenbacher, who stepped down as CEO last month, fell to 1.7 million Swiss francs …
Julius Baer cuts 2023 executive bonuses after Signa losses Read More »
By Echo Wang NEW YORK (Reuters) -Reddit’s initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks. While the oversubscription does not guarantee a strong performance in the stock market …
Exclusive-Reddit’s IPO as much as five times oversubscribed, sources say Read More »
CAIRO (Reuters) – British security firm Ambrey said on Sunday that it had received a report that a Yemeni fishing vessel had been hijacked in the Gulf of Aden. “Crew on board the fishing vessel were off-boarded in Bosaso, Somalia. One crew member was shot,” Ambrey said in an advisory note. (Reporting by Muhammad Al …
Ambrey says has report of hijacked Yemeni fishing vessel in Gulf of Aden Read More »
ZURICH (Reuters) – Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the years to come, its chairman told the NZZ newspaper on Sunday. UBS, which took over former rival Credit Suisse last June, wants to expand its U.S. wealth-management business through potential M&A in three or four …
