Reuters UK Business

By Giuseppe Fonte ROME (Reuters) – Italy’s biggest bank Intesa Sanpaolo said on Monday it had reopened the deadline for thousands of its customers to opt out of switching to its digital lender Isybank, following protests from consumer associations and ruling lawmakers. The complaints, which prompted Italy’s central bank as well as the antitrust body …

Intesa Sanpaolo gives clients more time to opt out of digital shift Read More »

PARIS (Reuters) – Nestle France, the French arm of Swiss packaged-food giant Nestle, has entered exclusive talks to sell its plant in Caudry, northern France, to Italian group Italpizza. The deal could be finalised by early 2024, the statement said. Nestle France announced in March that it was closing the frozen-pizza factory that suffered a …

Nestle France in talks to sell Caudry plant to Italpizza Read More »

LONDON (Reuters) – Sterling was a touch firmer against the euro and dollar on Monday after British Prime Minister Rishi Sunak sacked his interior minister, Suella Braverman, a government source said. The move was part of a wider reshuffle after Braverman criticised the police’s handling of a pro-Palestinian march. Sterling was last trading at $1.2243, …

Sterling edges up as UK PM Sunak sacks interior minister Braverman Read More »

BERLIN (Reuters) – Porsche SE said on Monday that net liquidity had improved to a deficit of 5.8 billion euros ($6.20 billion) as of the end of September from minus 6.7 billion euros at the start of 2023, helped by tax refunds totalling some 500 million euros. Volkswagen’s controlling shareholder said it thus expected net …

Porsche SE expects net liquidity at year-end in upper forecast range Read More »

MADRID (Reuters) – Spanish construction group ACS has hired Societe Generale’s investment bank to sell its services unit Clece, Expansion newspaper reported on Monday, citing unidentified finance sources. The unit, which provides services of building maintenance, logistics as well as care assistance, mainly in Spain, would be worth between 700 million euros ($748.5 million) and …

ACS hires SocGen to sell services unit in 700 million-800 million euro deal, Expansion reports Read More »

ATHENS (Reuters) -Greece’s state-controlled bank bailout fund HFSF said on Monday it sold its 9% stake in Alpha Bank to UniCredit for 293.5 million euros ($314 million) after an improved bid by the Italian bank. UniCredit announced last month it would become Alpha Bank’s biggest investor by buying a 9% stake owned by Greece’s HFSF. …

Greek state bank bailout fund sells 9% of Alpha bank to Unicredit Read More »

LONDON (Reuters) – Zegona Communications, Eamonn O’Hare’s European telecoms investment vehicle, said on Monday it had raised 300 million euros ($321 million) from shareholders to help fund its 5 billion euro acquisition of Vodafone Spain. Zegona said last month it would aim to raise between 300 million and 600 million euros in equity for the …

Zegona raises 300 million euros in equity for Vodafone Spain deal Read More »

FRANKFURT (Reuters) -Euro zone economic growth will remain weak in the near term as services and the labour market weaken but nations in the bloc should not free discretionary bank buffers to ease the pain, European Central Bank Vice President Luis de Guindos said. Some of the euro zone’s biggest countries have implemented a so-called …

Euro zone should not ease bank buffers, ECB says Read More »