(Reuters) -British electric vehicle startup Arrival has named EY as administrator for two of its units, the consulting firm said on Monday, following struggles to get its business off the ground and secure enough funding to keep it running. Simon Edel, Alan Hudson and Sam Woodward of EY-Parthenon’s Turnaround and Restructuring Strategy team were appointed …
Arrival names EY as administrator for two UK units Read More »
MADRID (Reuters) -Spanish pharmaceutical company Grifols hired a new chief executive and two founding family members will leave executive jobs, it said on Monday, four weeks after short-seller fund Gotham City questioned its accounting, triggering a share slump. Nacho Abia, a former top executive at Tokyo-based medical firm Olympus, will be appointed to the board …
Spain’s Grifols hires new CEO weeks after damaging short-seller report Read More »
By Khushi Singh (Reuters) -Britain’s FTSE 100 climbed on Monday, set to snap a three-session losing streak, supported by a rise in luxury stocks such as Burberry and Diageo, while precious metal miners slipped on lower gold prices as bets on early interest rate cuts receded. Both the blue-chip FTSE 100 and the midcap FTSE …
British equities rise on luxury stocks boost; economic data in focus Read More »
By Alexander Marrow, Darya Korsunskaya and Polina Devitt LONDON (Reuters) -Nasdaq-listed technology company Yandex NV said it had struck a 475-billion-rouble ($5.21 billion) cash and share deal to sell all its assets in Russia to a consortium of Russian investors, including a fund ultimately owned by oil major Lukoil. The deal would see the country’s …
Search engine Yandex owner to exit Russia in $5.2 billion deal Read More »
(Reuters) -Revolution Beauty said on Monday that co-founder and former CEO Adam Minto would pay 2.9 million pounds ($3.66 million) as part of a settlement deal to resolve accounting issues that led to the delay of the group’s 2022 results. Minto, who holds a 15.34% stake in the British makeup and skin care retailer, left …
UK’s Revolution Beauty agrees $3.6 million settlement with co-founder Minto Read More »
LONDON (Reuters) – The euro zone economy showed tentative signs of recovery at the start of the year, according to a survey which showed rising inflationary pressures, bolstering the European Central Bank’s case for keeping interest rates at record highs. HCOB’s composite PMI for the bloc, compiled by S&P Global and seen as a good …
Euro zone economy showing some signs of recovery -PMI Read More »
By Maria Martinez BERLIN (Reuters) – Business activity in the German services sector declined in January for the fourth consecutive month due to weakness in demand, a survey showed on Monday. The HCOB final services Purchasing Managers’ Index (PMI) fell to 47.7 in January from 49.3 in December, pointing to a faster contraction in activity. …
German services sector activity fell in January -PMI Read More »
PARIS (Reuters) – France’s service sector continued to contract in January, dragged down by weak demand and marking the longest downturn in over a decade, a survey among business executives showed on Monday. The HCOB France final purchasing managers index (PMI) for the services sector, compiled by S&P Global, stood at 45.4, down from 45.7 …
French service sector contracts for eighth straight month-PMI Read More »
By Tim Hepher and Valerie Insinna (Reuters) -Boeing Co said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying some near-term deliveries, after its supplier Spirit AeroSystems discovered two mis-drilled holes on some fuselages. Boeing confirmed the findings in response to a Reuters query after industry …
New quality glitch to delay some Boeing 737 MAX deliveries Read More »
MADRID (Reuters) – Shares in Santander and Lloyds fell after the Financial Times reported that Iran used accounts from two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services. According to documents seen by the Financial Times, Lloyds and Santander …
