(Reuters) -British advertising group M&C Saatchi on Monday rejected an unsolicited 50 million pound ($67.1 million) bid for its media division from rival Brave Bison, saying the offer “fundamentally undervalues” the business. M&C Saatchi shares were up 4.4% at 142 pence by 0830 GMT, while Brave Bison stock was down nearly 2%. M&C Performance, M&C …
Ad group M&C Saatchi rejects $67 million offer for media unit Read More »
(Reuters) -Athens International Airport (AIA) posted a 4.8% drop in nine-month net profit on Monday despite increased passenger traffic as rising operating costs and a larger variable concession fee offset modest revenue gains. The operator of Greece’s main gateway said that net profit for the nine months to September 30 fell to 185.8 million euros …
Athens International Airport nine-month net profit falls 4.8% on higher costs Read More »
COPENHAGEN (Reuters) -Registrations of new Tesla cars in Denmark fell by 86% in October from a year earlier, to 102 vehicles, data from bilstatistik.dk showed on Monday. (Reporting by Stine Jacobsen, editing by Anna Ringstrom)
PARIS/OSLO (Reuters) -Norway and leading European aerospace groups are close to a legal settlement over Oslo’s $3.3 billion claim for damages from NHIndustries over the cancellation of delayed NH90 sub-hunting helicopters, people familiar with the matter said. The settlement will avoid a rare public trial over the defence procurement as well as a countersuit by …
Norway to settle $3 billion NH90 helicopter claim, sources say Read More »
By Robert Harvey, Ahmad Ghaddar and Enes Tunagur LONDON/MOSCOW (Reuters) -Turkey’s largest oil refineries are buying more non-Russian oil in response to the latest Western sanctions on Russia, two people with direct knowledge of the matter and several industry sources told Reuters. Turkey is a major buyer of Russian crude along with China and India. …
Turkey buys more non-Russian oil after latest Western sanctions, sources say Read More »
A look at the day ahead in European and global markets from Ankur Banerjee With markets still in recovery mode after an action-packed week that has left risk momentum intact, the spotlight has shifted to the smattering of private economic data this week that may shed light on the health of the U.S. labour market. …
Morning Bid: Private jobs in spotlight amid data blackout Read More »
By David Milliken LONDON (Reuters) -The Bank of England looks likely to keep interest rates on hold on Thursday, slowing its pace of cuts for the first time since it started to loosen policy last year, although some analysts do now expect a reduction after softer inflation and wage data. The BoE’s most recent rate …
Bank of England likely to slow rate-cut cycle this week Read More »
LONDON (Reuters) -A group of investors in mining called on Monday for the creation of an independent agency for the sector modelled after the International Energy Agency. The group of investors, which together manage or advise on $18 trillion of assets, said the new International Minerals Agency would be able to monitor global mineral supply …
Investors call for creation of International Minerals Agency Read More »
By Olesya Astakhova, Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/MOSCOW (Reuters) -OPEC+ on Sunday agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers’ group moderates plans to regain market share due to rising fears of a supply glut. OPEC+ …
OPEC+ pauses oil output hikes beyond December amid glut fears Read More »
LONDON (Reuters) -Eight OPEC+ countries on Sunday agreed to raise oil output in December by 137,000 barrels per day and then to pause the output hikes for the first quarter of 2026, OPEC+ said in a statement. (Reporting by Ahmad Ghaddar, Alex Lawler, Maha El Dahan and Olesya AstakhovaWriting by Alex LawlerEditing by Philippa Fletcher)
