BERLIN (Reuters) – Hensoldt shareholder Leonardo will not participate in the company’s planned capital increase for the time being, the chief executive of the German military sensor maker told analysts on Wednesday. Leonardo fully supports Hensoldt’s plans to buy German military service firm ESG for at least 675 million euros ($727.31 million), Thomas Mueller said. …
Hensoldt CEO: Leonardo to take no part in capital increase Read More »
By Kantaro Komiya TOKYO (Reuters) – Shares of Institute for Q-shu Pioneers of Space (iQPS) rose 82% on Wednesday in their Tokyo growth-market debut, after the satellite imagery startup raised 3.48 billion yen ($23.7 million) in an initial public offering (IPO). The stock first traded at 860 yen after a nearly-five-hour trading delay due to …
Japanese satellite imagery startup iQPS surges 82% in Tokyo debut Read More »
By Casey Hall SHANGHAI (Reuters) – Prada has ambitions to double its business in China over the medium term, Gianfranco D’Attis, chief executive of the Italian luxury fashion house’s flagship brand, said on Wednesday. “That means increasing our investments,” D’Attis said in a group interview in Shanghai. Prada will have bigger stores, more local products …
Prada CEO says it aims to double business in China in medium term Read More »
By Pratima Desai and Eric Onstad LONDON (Reuters) -Commodity trader Trafigura used shipping receipts from nickel trades to boost profits by lending them to companies not involved in the transaction to raise financing, Indian businessman Prateek Gupta alleged in a court document. Swiss-based Trafigura filed a lawsuit against Gupta in February, alleging systematic fraud involving …
Trafigura lent nickel receipts to uninvolved firms, Gupta says in court document Read More »
BERLIN (Reuters) – German industrial orders fell unexpectedly in October, declining by 3.7% on the previous month on a seasonally and calendar-adjusted basis, the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a rise of 0.2%, following a revised 0.7% increase in September. Excluding large-scale orders, manufacturers saw a …
German industrial orders fall unexpectedly in October Read More »
(Reuters) -Shares of UK’s Ten Entertainment soared 31% to a record-high on Wednesday after the bowling venue operator agreed to a 287 million pound ($361.53 million) buyout deal from U.S. private equity firm Trive Capital. The company’s shareholders will receive 412.5 pence in cash for each share held, which represents a premium of about 33% …
Bowling venue operator Ten Entertainment’s shares soar on $362 million buyout deal Read More »
LONDON (Reuters) – UK investors pulled money from real estate funds for the second month running in November, but sentiment towards equity and fixed-income funds improved, fund network Calastone said on Wednesday. Investors withdrew 88 million pounds ($110.70 million) from real estate funds overall last month, making it the second-worst month of the year for …
UK investors pull money from property funds in November -Calastone Read More »
By Tim Hepher CASABLANCA, Morocco (Reuters) -The head of French jet engine maker Safran said global supply chains are still struggling to shake off a series of external shocks and warned against setting unrealistic industrial targets as aviation tackles rising travel demand. Together with GE, Safran co-produces LEAP jet engines for all Boeing and more …
Safran warns against over-promising as aerospace supply remains tight Read More »
(Reuters) – European shares gained on Wednesday on rising bets of a peak in global interest rates, led by miners riding on higher metal prices, while Germany’s benchmark DAX scaled a fresh all-time high. The pan-European STOXX 600 index climbed 0.1% by 0809 GMT, while the Germany’s DAX also rose 0.1%. Basic resources gained 1.3% …
European shares gain on miners’ boost, German DAX at fresh record high Read More »
By Sarah Young LONDON (Reuters) -Europe’s biggest travel operator TUI forecast operating profit would jump 25% in 2024 after it more than doubled this year on strong demand for holidays, cruises and hotel stays, lifting its shares 8%. TUI, like competitors easyJet and Jet2 has benefited from soaring demand this year as part of a …
Holiday group TUI sees more growth after profit doubles Read More »
