By Maria Martinez BERLIN (Reuters) – At machine parts producer S&D Blech, the head of the grinding unit is retiring. With Germany’s acute labour shortage leaving few candidates to take on the skilled but dirty and hazardous manual work, the company will replace him with a robot. Other small and medium-sized companies are also turning …
Analysis-As baby boomers retire, German businesses turn to robots Read More »
By Gianluca Semeraro MILAN (Reuters) – Mediobanca Chief Executive Alberto Nagel and his allies withstood opposition from the bank’s biggest investor to retain a firm grip on the company in a shareholder vote on Saturday, with the CEO securing a new three-year mandate. Under Nagel, Mediobanca has moved away from its historic role as a …
Mediobanca CEO and allies keep grip on bank after shareholder vote Read More »
By Giuseppe Fonte ROME (Reuters) -The Italian government signalled on Saturday it still backed a proposed deal for Telecom Italia (TIM) to sell its network grid to U.S. fund KKR after the emergence of a rival plan for the telecoms group. “Any other initiative is not part of the government’s intentions,” a government source said, …
Italy sticking with KKR plan for Telecom Italia -gov’t source Read More »
By Amy-Jo Crowley, Andres Gonzalez and Paul Sandle LONDON (Reuters) – Virgin Media O2 is in exclusive talks to sell a slice of its shareholding in Britain’s largest mobile tower network to GLIL Infrastructure, according to four sources familiar with the matter, in a deal that could value the business at about 2.5 billion pounds …
(Reuters) -British online fashion retailer ASOS Plc is exploring a sale of its Topshop brand, Sky News reported on Saturday. ASOS bought the Topshop brand in 2021 from the administrators of Philip Green’s collapsed Arcadia group, along with its Topman, Miss Selfridge and HIIT brands for 265 million pounds ($321 million). ASOS when approached by …
UK’s ASOS exploring sale of Topshop brand – Sky News Read More »
(Reuters) – Fitch affirmed Sweden’s long-term local and foreign currency debt rating of “AAA” on Friday, citing the country’s sound public finances and policy framework. The ratings agency also affirmed Sweden’s outlook at “stable” and kept its short-term foreign currency rating at “F1+”. “Strong fundamentals, which include a high level of domestic savings and a …
By Brendan Pierson (Reuters) -A Philadelphia jury on Friday found Bayer AG liable in a case brought by a retired restaurant owner who claimed his cancer was due to exposure to the company’s Roundup weed killer, and ordered Bayer to pay him $175 million in damages, the man’s lawyers said. The verdict, for retired restaurant …
Bayer ordered to pay $175 million in latest Roundup cancer trial Read More »
(Reuters) – Insurance broker Aon reported a third-quarter profit on Friday that beat analysts’ estimates, helped by growth at its commercial risk solutions business. There has been an uptick in companies spending on employee benefit plans encompassing health, retirement and investment management. Revenue at Aon’s commercial risk solutions unit rose 7% to $1.59 billion in …
Aon third-quarter profit beats on growth in commercial risk solutions unit Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s president on Friday blocked a government decree that kicked off the privatisation of airline TAP, citing poor transparency and doubts about the future role of the state, and demanded urgent clarifications so as not to delay the process. President Marcelo Rebelo de Sousa said that TAP was bailed-out …
Portugal’s president blocks TAP privatisation over transparency concerns Read More »
LONDON (Reuters) – Britain’s data watchdog said on Friday it would urgently review its communications related to a privacy complaint made by former Brexit party leader Nigel Farage about the way NatWest handled his customer information when closing his accounts. The ICO had found former NatWest CEO Alison Rose infringed Farage’s data rights when she …
UK’s data watchdog to review handling of Farage’s NatWest privacy complaint Read More »
