OSLO (Reuters) – Swedish real estate group SBB said on Thursday it would offer to buy back some of its hybrid debt and senior securities at a price that will be set via an auction. Loss-making SBB is at the epicentre of a Swedish property crash, having racked up vast debt by buying public real …
LONDON (Reuters) – Britain’s Hotel Chocolat agreed to a 534 million pound ($662 million) takeover offer from Mars Inc on Thursday, the specialist chocolatier succumbing to the U.S. food giant with international expansion in mind. Set up twenty years ago, Hotel Chocolat aimed to make chocolate exciting by bringing ethical affordable luxury to the British …
(Reuters) -Britain’s Premier Foods forecast higher annual profit on Thursday after first-half earnings rose on the back of strong performance of its sweet treats and grocery segments. The maker of Mr Kipling cakes, OXO cubes and Ambrosia custards expects its 2023-24 trading profit to be 10% ahead of last year’s 157.5 million pounds ($195.16 million). …
Mr Kipling maker Premier Foods raises annual profit forecast Read More »
By Christoph Steitz and Alexander Hübner FRANKFURT (Reuters) – Siemens on Thursday gave a more cautious sales outlook for 2024, citing continuing destocking by Chinese customers, after the maker of products from trains to industrial software reported record industrial profit. Siemens is the latest company to highlight tougher market conditions, with Swiss rival ABB last …
Siemens expects sales growth to slow in 2024 after record Q4 Read More »
By Khushi Singh and Johann M Cherian (Reuters) -UK stocks finished strong on Wednesday with the midcap FTSE index having touched a two-month high earlier on signs of easing consumer inflation, while whisky maker Diageo dropped after flagging pressures in Latin America. Data showed domestic consumer inflation cooled more than expected in October as household …
UK midcaps hit 2-month high on inflation cheer; Diageo slides Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Photoshop maker Adobe expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns, its chief counsel told Reuters on Wednesday. The Adobe deal comes amid heightened regulatory scrutiny around the world on …
Exclusive-Adobe open to remedy discussions with EU on Figma deal, chief counsel says Read More »
By Marek Strzelecki and Curtis Williams WARSAW/HOUSTON (Reuters) -Polish oil and gas firm Orlen is preparing to file for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, three sources familiar with the matter told Reuters. “I know that this is being considered, I know that there were preparations to …
Poland’s Orlen prepares arbitration claim against Venture Global LNG Read More »
By Anastasia Lyrchikova MOSCOW (Reuters) – Russia’s state nuclear power corporation has reported that turbine blades broke at a plant where the company has installed two reactors of a type it is also building in Turkey and plans to construct in Hungary. Rosenergoatom, which runs Russia’s nuclear power stations, said it was not clear what …
Broken turbine blades cause shutdown at Russian nuclear plant Read More »
By Tassilo Hummel, Mathieu Rosemain and Noele Illien PARIS (Reuters) – France’s top court on Wednesday ruled a new trial should be held over a 1.8 billion-euro ($1.95 billion) fine against UBS for promoting illegal banking services and money laundering in the country. The court, which also upheld the guilty verdict against the bank, said …
France’s top court demands new trial over $2 billion UBS fine Read More »
By Davide Barbuscia NEW YORK (Reuters) – A key reform proposed by the U.S. Securities and Exchange Commission to boost the use of central clearing for U.S. Treasuries could leave the market more exposed to cybersecurity risks, Barclays said, referring to the cyber hack of Industrial and Commercial Bank of China’s U.S. broker-dealer last week. …
Barclays flags Treasuries central clearing cybersecurity risks after ICBC hack Read More »
