By Gilles Guillaume PARIS (Reuters) – U.S. automaker General Motors on Monday unveiled its luxury electric Cadillac Lyriq in France, an expansion of its market in Europe after returning last year and a test of whether online-only sales will attract wealthy car buyers. In October GM announced it was launching sales in Switzerland, the first …
GM returns to France with fully-electric Cadillac Lyriq Read More »
By Ludwig Burger FRANKFURT (Reuters) – Zealand Pharma shares jumped 20% after an experimental obesity treatment it is developing with Boehringer Ingelheim yielded “groundbreaking” Phase II trial results in the treatment of fatty liver. The trial testing the drug survodutide to treat the liver disease metabolic dysfunction-associated steatohepatitis, or MASH, met its primary and key …
Zealand Pharma shares surge on liver disease drug trial data Read More »
By Gilles Guillaume GENEVA (Reuters) – Renault unveiled its highly anticipated new electric R5 on Monday at the Geneva Motor Show, a model directly inspired by its 1972 bestseller that the French automaker hopes will bring a major boost to its electric vehicle sales. The small sedan, promised in 2021 as part of Renault’s turnaround …
Renault unveils new R5 as it taps past success for electric future Read More »
By Lina Golovnya (Reuters) -Dutch postal company PostNL said on Monday 2024 operating profit will fall below expectations, as higher wages drive up costs and muted domestic volumes weigh on parcel growth, sending its shares down more than 4% in early trading. The company, which delivers parcels and letters across Belgium, the Netherlands and Luxembourg, …
PostNL forecasts 2024 profit below expectations on growing wage bill Read More »
By Louise Rasmussen COPENHAGEN (Reuters) -French investor Xavier Niel and his Iliad telecoms group have agreed to buy a 19.8% stake in Swedish telecoms operator Tele2 for 13 billion crowns ($1.26 billion), investment company Kinnevik said in a statement on Monday. Niel and his companies will buy the stake from Kinnevik, the largest shareholder in …
France’s Iliad to take $1.3 billion stake in Sweden’s Tele2 Read More »
(Reuters) – Franco-Italian automaker Stellantis said on Monday it had reached a multi-billion-euro frame agreement with leasing and fleet management company Ayvens to sell up to 500,000 vehicles across Europe over the next three years. Under the agreement, Ayvens’ affiliates will buy the vehicles for its long-term leasing fleet across Europe, with the first delivery …
Stellantis aims to sell up to 500,000 vehicles to Ayvens across Europe Read More »
FRANKFURT (Reuters) – German airline Lufthansa said on Sunday it was keen on moving ahead in wage negotiations for thousands of ground crew after labour union Verdi demanded the company offers a higher pay increase aimed at averting more strike action. “We have taken note of Verdi’s statements and are still interested in a quick …
Lufthansa says it wants quick pay deal with unions Read More »
(Reuters) -Struggling Swedish real estate group SBB said on Sunday it had agreed to enter into a joint venture with U.S.-based investment manager Castlelake in a deal which will help SBB to pay off its debt. Under the deal, Castlelake will lend the joint venture, SBB Infrastructure, approximately 5.2 billion Swedish crowns ($504.4 million), SBB …
Sweden’s SBB agrees joint venture with Castlelake to ease debt woes Read More »
ZURICH (Reuters) -TX Group, one of Switzerland’s biggest media companies, wants to sell its three printing plants in Zurich, Bern and Lausanne as well as office buildings for hundreds of millions of Swiss francs, newspaper NZZ am Sonntag reported on Sunday. Citing a document the company presented to investors, the newspaper said the Swiss group …
Swiss TX Group plans to sell printing plants, report says Read More »
By Jonathan Stempel (Reuters) – Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime second-in-command Charlie Munger. In his widely-read annual letter to Berkshire shareholders Buffett said his more than $900 billion conglomerate …
Warren Buffett says Berkshire ‘built to last’ though eye-popping gains are over Read More »
