By Simon Jessop and Sinead Cruise LONDON (Reuters) -Barclays, Britain’s biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production. The move, part of its Transition Finance Framework (TFF), published on Friday, …
Barclays to adopt fresh curbs on oil and gas financing Read More »
(Reuters) -Barclays will buy most of the banking operations of Britain’s biggest supermarket group Tesco for about 600 million pounds ($757 million), the companies said on Friday. The deal follows last month’s move by Sainsbury’s, the UK’s No. 2 supermarket, to wind down its banking business and instead offer financial products through third parties. It …
Barclays to buy most of Tesco’s banking arm for $757 million Read More »
(Reuters) -Shares of Mexico’s BBB Foods rose 11.4% on their debut on the New York Stock Exchange (NYSE) on Friday, giving the discount grocery retailer a valuation of $2.2 billion. The Mexico City-based company’s shares debuted at $19.50, above their initial public offering (IPO) price of $17.50 apiece. BBB Foods is among many foreign companies …
Mexico’s BBB Foods valued at $2.2 billion after shares jump 11.4% on New York debut Read More »
By Khushi Singh and Shubham Batra (Reuters) -UK stocks fell on Friday after a drop in Legal and General Group dragged the life insurance sector lower, while bond yields rose after comments from Bank of England’s Jonathan Haskel pushed investors to trim their bets on interest rate cuts. The blue-chip FTSE 100 was down 0.3% …
UK stocks fall for second week; Legal & General drags down insurance sector Read More »
By Sinead Cruise and Lawrence White LONDON (Reuters) -Barclays’ CEO C.S. Venkatakrishnan is under pressure to deliver a plan this month to win over restless shareholders clamouring for a streamlined business model and higher, more sustainable returns for a fraction of the risk. The British bank has one of the lowest valuations among peers, with …
Barclays investors crave simpler bank as CEO Venkat prepares revamp Read More »
MILAN (Reuters) – Shares in truck and bus maker Iveco rose by as much as 10% on Friday after strong pricing helped the company’s fourth quarter results to beat forecasts and it said it would pay almost 190 million euros ($205 million) in cash to investors. The Italian manufacturer said in a statement its adjusted …
Truckmaker Iveco’s shares rise on Q4 results, first dividend Read More »
FRANKFURT (Reuters) -Deutsche Pfandbriefbank’s (PBB) shares continued their decline on Friday, dropping more than 3%, and its bonds remained under pressure amid concerns over its exposure to the U.S. commercial real estate market. The decline comes a day after the bank sought to reassure investors that it has enough funds to cope with a slump …
German bank PBB shares continue slide amid real estate troubles Read More »
STOCKHOLM (Reuters) -Skanska, the Nordic region’s biggest builder, on Friday reported a 73% fall in fourth-quarter operating profit due to property value writedowns in weak real estate markets. The drop was however smaller than feared and the Swedish group’s shares were up 6% in morning trade. Skanska had already warned in January it would book …
Swedish builder Skanska’s profits tumble, but less than expected Read More »
By Alexander Marrow, Darya Korsunskaya and Polina Devitt LONDON (Reuters) – Before Moscow’s invasion of Ukraine two years ago, Russia’s Nasdaq-listed search engine giant Yandex was briefly worth $30 billion. This week, a consortium of domestic investors agreed a deal to buy it for $5.2 billion. In normal times, that would represent a disaster for …
After months of negotiation, a rare Russian compromise as Yandex changes hands Read More »
ROME, Feb 9 (Reuters) – Italian industrial output was slightly stronger than expected in December, rebounding 1.1% on a month-on-month basis following a 1.3% fall in November, national statistics bureau ISTAT reported on Friday. A Reuters survey of 16 analysts had pointed to a 0.9% gain in December. November’s data was revised up from an …
Italy Dec industry output rebounds slightly more than forecast at end of weak year Read More »
