MILAN (Reuters) -U.S. fund KKR has submitted a binding bid for Telecom Italia’s domestic fixed access network but will need more time to finalise its approach for the group’s smaller submarine unit Sparkle, Italy’s biggest phone group said on Monday. A deal with KKR is the centrepiece of Telecom Italia (TIM) CEO Pietro Labriola’s strategy …
KKR submits bid for Telecom Italia’s main fixed network Read More »
LONDON (Reuters) -British clothing and food retailer Marks & Spencer said on Monday it plans to recruit 10,000 temporary workers for the Christmas season, a more than 40% increase on last year. The group, one of the best known in Britain, said the increase reflected the additional investment it is making in staff hours to …
Britain’s M&S to hire 10,000 workers for Christmas season Read More »
By Anirban Sen (Reuters) -Ineos Chair Jim Ratcliffe would pay over $1.5 billion for a 25% stake in Manchester United Plc were his bid for the iconic soccer club to be accepted by the Glazer family that controls it, a person familiar with the matter said on Sunday. The terms of Ratcliffe’s bid, reported here …
MARRAKECH, Morocco (Reuters) – Bank of England Governor Andrew Bailey said on Saturday he was puzzled by the continued strength of pay growth in Britain which, unlike other areas of the economy, has not yet responded to the BoE’s run of 14 back-to-back interest rate hikes. The increases in borrowing costs were having an impact …
BoE’s Bailey says he’s puzzled by stubborn pay growth in UK Read More »
By Giulio Piovaccari MILAN (Reuters) – Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the …
Ferrari to accept crypto as payment for its cars in the US Read More »
By David Shepardson (Reuters) – Chrysler-parent Stellantis and Ford Motor said on Friday they will temporarily lay off 1,250 employees due to the impact of the United Auto Workers strike. Stellantis said it now has 1,340 employees on temporary layoff in three states because of the four-week-old strike after announcing the layoff Friday of 700 …
Stellantis, Ford furlough another 1,250 workers because of UAW strike Read More »
BERLIN (Reuters) – The head of German shipping firm Hapag Lloyd, Rolf Habben Jansen, expects the next three years to be difficult because demand for shipping services is growing more slowly than available shipping capacity, he told the Welt am Sonntag newspaper. Despite that, he thought the downturn in the sector would be less severe …
Hapag Lloyd expects three tough years for shipping industry -Welt am Sonntag Read More »
(Reuters) – Barclays on Friday named investment banking veteran Geoffrey Belsher as chairman and country chief executive officer for Canada, effective Oct. 16. Belsher has previously held senior role in Canadian Imperial Bank of Commerce. He was also the president of Canadian operations of Barclays Capital and its predecessor Lehman Brothers Canada, according to the …
Barclays appoints Geoffrey Belsher as new Canada CEO Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – U.S. private equity firm Apollo Global Management is seeking to join the consortium that Scandinavian airline SAS last week picked to take it through bankruptcy proceedings, according to a source familiar with the matter. Long-struggling SAS, ravaged by the pandemic and pressured by low-cost rivals, sought bankruptcy protection last …
Exclusive-Apollo seeking to join airline SAS investor consortium -source Read More »
By Huw Jones LONDON (Reuters) – EU lawmakers will be called on to back a proposed weakening of mandatory sustainability disclosures for about 50,000 companies next week, in the latest move by centre-right parties to water down the 27-member bloc’s green agenda. More than 40 lawmakers, mainly representing the European Parliament’s largest party the EPP, …
EU lawmakers push to weaken corporate sustainability disclosure Read More »
