MILAN (Reuters) -A surge in trading of Banco BPM shares is again drawing attention to Italy’s third-largest bank, which has long been at the centre of speculation about potential consolidation in the sector. The stock powered to fresh eight-year highs on Monday in Milan, with monthly trading volumes topping 400 million shares for the first …
Italy’s Banco BPM in spotlight as dividends, M&A appeal drive volumes Read More »
By Linda Pasquini (Reuters) -Puma on Tuesday said it expects a weak first half of the year in a challenging market for sportswear, but shares in the German sportswear brand climbed as it kept its dividend and stuck to the annual targets it set in January. Sportswear companies including Adidas, Nike, and Puma, have seen …
Puma sees weaker first half due to “challenging” market Read More »
MADRID (Reuters) – Spanish pharmaceutical company Grifols said on Tuesday it had appointed Nacho Abia as a board member, following the announcement of his hiring as Chief Executive on Feb. 5. The company changed its corporate governance earlier this month, weeks after short-seller Gotham City issued a report questioning the company’s accounting and triggering a …
Grifols appoints new CEO Nacho Abia to the board Read More »
LONDON (Reuters) – Prices in British shops rose at the slowest pace in nearly two years this month, the British Retail Consortium (BRC) said on Tuesday, adding to signs of easing inflation pressures that will be welcomed by the Bank of England (BoE). Shop price inflation slowed to 2.5% in February from January’s 2.9%, the …
UK shop prices rise at slowest pace since March 2022, trade group says Read More »
BERLIN (Reuters) -Swiss chocolate maker Barry Callebaut is preparing to cut around 2,500 jobs, or 19% of its workforce, CEO Peter Feld said in an interview with German business newspaper Handelsblatt published on Monday. “It’s about reducing complexity and eliminating duplication and inefficient structures,” Feld was quoted as saying. The job cuts are to be …
Barry Callebaut preparing to cut one in five jobs, CEO tells paper Read More »
(Reuters) – Digital bank Qiwi, whose Russian licence was revoked by the Russian central bank earlier this month, said on Monday it saw no sign of bankruptcy in its operations and a liquidation process agreed in January should proceed without difficulty. Nasdaq-listed Qiwi, a Russian analogue to PayPal, had 29 million users at the end …
Qiwi Bank says no signs of bankruptcy amid Russian licence revocation Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google Cloud on Monday ramped up its criticism of Microsoft’s cloud computing practices, saying its rival is seeking a monopoly that would harm the development of emerging technologies such as generative artificial intelligence. Microsoft and Amazon have recently attracted scrutiny in Britain, the European Union and the …
Exclusive-Google steps up Microsoft criticism, warns of rival’s monopoly in cloud Read More »
MILAN (Reuters) – Energy group Edison said on Monday it started exclusive talks with gas grid operator Snam over the sale of its natural gas storage assets in Italy. The move could open the way to a deal worth more than 500 million euros ($542 million) for Edison, which last year decided to test the …
Snam enters exclusive talks to buy Edison gas storage assets in Italy Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft President Brad Smith on Monday announced a set of principles to foster innovation and competition in artificial intelligence in recognition of its role as a market leader in this technology, a move that could stave off worries about its dominance. The move by the U.S. tech giant …
Microsoft announces principles to foster innovation, competition in AI Read More »
By Giuseppe Fonte ROME (Reuters) -Italy’s government on Monday approved a decree to ensure the timely enforcement of its EU-funded recovery plan, which includes 6.3 billion euros ($6.83 billion) in tax breaks for companies committed to energy saving. The scheme stems from a deal the government clinched with the European Union to revise and revamp …
Italy approves decree to revamp its EU-funded recovery plan Read More »
