By Dominique Vidalon and Emma Rumney PARIS (Reuters) -Remy Cointreau’s CEO said on Thursday he aimed to end the year with a “sound” level of stock in the United States but it was unclear when these would start to move, after reporting a 43% fall in first-half operating profit. High levels of unsold inventories in …
Remy wants to fix US inventory problems by year-end, profits fall Read More »
(Reuters) – U.S. sporting and outdoor products group Vista Outdoor’s board has rejected a cash-and-stock merger offer from Czech gunmaker Colt CZ Group, the company said. Vista’s board said in a company filing on Wednesday evening that it maintained its recommendation to sell its sporting products division to another Czech company, Czechoslovak Group (CSG), in …
BERLIN (Reuters) -Germany’s Bitcoin Group said on Wednesday it was taking measures to improve its internal control system, after the financial regulator BaFin ordered its subsidiary futurum bank to remedy shortcomings on money-laundering and terrorist financing. “The Bitcoin Group expressly points out that there are currently no indications of violations of money laundering and terrorist …
Bitcoin Group: taking steps against money-laundering, terrorist financing Read More »
By Elizabeth Pineau and Tassilo Hummel PARIS (Reuters) – France’s prime minister asked her cabinet to stop using widespread instant messaging apps like WhatsApp, Signal or Telegram and install widely unknown Olvid, a product of Paris’s start-up scene presenting itself as a more secure alternative. In a ministerial circular, Prime Minister Elisabeth Borne urged ministers …
Stop using WhatsApp, get Paris-made alternative, French PM tells ministers Read More »
(Reuters) -Thyssenkrupp on Wednesday said that Jens Schulte, finance chief of German privately-held speciality glass maker Schott AG, would become its new CFO, marking the conglomerate’s latest move in its accelerated turnaround since CEO Miguel Lopez took over. Schulte, a key driver behind the IPO of Schott AG’s medical vials manufacturer Schott Pharma, will succeed …
Thyssenkrupp appoints Schott AG finance chief as new CFO Read More »
By Lisa Richwine LOS ANGELES (Reuters) -Walt Disney Chief Executive Bob Iger said on Wednesday he would “definitely” step down when his current contract ends in 2026 and that the ABC broadcast network was not for sale. In a wide-ranging interview at the New York Times Dealbook Conference, Iger also said he was “bullish” on …
Disney CEO Iger promises 2026 exit, says ABC not for sale Read More »
BRUSSELS (Reuters) – Swedish airline SAS on Wednesday won approval from EU competition authorities for its 833 million euro ($915 million) recapitalisation by Denmark and Sweden. The European Commission reviewed the case again after Europe’s second top court in May scrapped its decision to clear the state aid due to a lack of a so-called …
Swedish airline SAS secures EU approval for $915 million recapitalisation Read More »
By Eric Onstad and Pratima Desai LONDON (Reuters) – As the London Metal Exchange (LME) savours its court victory over cancelled nickel trades, it still faces a host of challenges including ongoing repair of its damaged nickel contract and reputation after being rocked by crisis last year. The LME on Wednesday won a legal battle …
After court victory, LME bids to reboot confidence Read More »
By Alexandra Schwarz-Goerlich, John O’Donnell and Emma-Victoria Farr VIENNA/FRANKFURT (Reuters) -Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it the biggest casualty so far of Europe’s property crash. Controlled by Austrian magnate Rene Benko, the group is an owner of New York’s Chrysler Building as …
BRUSSELS (Reuters) – Euro zone economic sentiment increased slightly for a second consecutive month in November, in line with expectations, as a modest up-tick of the mood in services, retail and amongst consumers outweighed a decline in manufacturers’ confidence. The European Commission’s monthly survey on Wednesday showed economic sentiment in the 20 countries sharing the …
Euro zone economic sentiment inches up in November Read More »
