By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -ANZ Group’s A$4.9 billion ($3.2 billion) buyout of Suncorp’s banking business was cleared by the Australian Competition Tribunal on Tuesday, paving the way for the bank to press on with the takeover of its significant rival. The ruling came in response to an appeal by ANZ and …
ANZ’s $3.2 billion Suncorp bank unit buyout approved by tribunal Read More »
By Elena Fabrichnaya MOSCOW (Reuters) -Russian bank VTB reported a record 2023 profit of 432.2 billion roubles ($4.68 billion) on Tuesday, rebounding from a revised, sanctions-induced loss of 667.5 billion roubles the year before. Chief Financial Officer Dmitry Pyanov told reporters that the state-owned lender was eyeing another record year in 2024, hoping to earn …
Russia’s second-largest bank VTB reports record 2023 profit of $4.7 billion Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Europe should take measures to build or upgrade its submarine cable infrastructure and with state aid if necessary, according to a European Commission proposal, underscoring concerns about vulnerabilities exposed by the damage on two Baltic Sea telecoms cables last year. Submarine cable infrastructures, which form the backbone of …
EU should upgrade submarine cable infrastructure with state aid, paper says Read More »
(Reuters) -U.S. asset manager Davidson Kempner, owner of Britain’s Oak Furnitureland, is in discussions with British fashion retailer Superdry co-founder Julian Dunkerton about backing an offer for the clothing company, Sky News reported on Monday, without citing a source. The talks are at a preliminary stage and there is no guarantee that Davidson Kempner will …
STOCKHOLM (Reuters) -Oscar Properties said on Monday its CEO and chief financial officer had informed the company they were resigning from their posts. Oscar Properties, one of several highly indebted Swedish real estate groups buckling under soaring borrowing costs and slower demand, said in a statement Carl Janglin would stay on as CEO until a …
Sweden’s Oscar Properties says CEO and CFO resign Read More »
ZURICH (Reuters) – Temenos on Monday forecast slower growth in 2024 earnings before interest and taxes (EBIT) compared to last year when its results beat expectations on solid deal execution. The outlook came as shares in the Swiss software firm began recovering from losses that wiped out nearly one-third of its stock market value last …
By Nathan Vifflin (Reuters) -French automotive supplier Forvia plans to cut up to 10,000 jobs in Europe over the next five years, in part through attrition, it said on Monday, becoming the latest auto industry player to react to falling demand and China’s dominance. Shares in the world’s seventh-largest automotive supplier, which makes parts for …
Auto supplier Forvia to cut thousands of jobs in Europe Read More »
FRANKFURT (Reuters) -German drugmaker Bayer said on Monday that it was amending its dividend policy to pay the legal minimum for a period of three years to reduce debt, in a decision it said it did not take lightly. The company said it was facing high debt and interest rates, as well as a “challenging …
Bayer cuts dividends to legal minimum to reduce debt Read More »
By Shristi Achar A and Shubham Batra (Reuters) -British equities kicked off the week on an upbeat note, boosted by gains in pharma and biotech shares following the U.S. FDA’s approval of AstraZeneca’s lung cancer drug, while Currys soared on takeover interest from JD.com and Elliot FTSE . The blue-chip FTSE 100 index climbed 0.2% …
London stocks rise as AstraZeneca drug gets FDA nod; Currys soars Read More »
By Ankika Biswas and Johann M Cherian (Reuters) -Europe’s benchmark stock index hit its highest in over two years on Monday on strength in healthcare stocks, while French and German shares lost some steam after scaling record highs last week as economic concerns weighed on sentiment. The pan-European STOXX 600 closed 0.2% higher, gaining for …
Europe’s STOXX 600 hits two-year high; German, French shares lag Read More »
