STOCKHOLM (Reuters) – Swedish steel maker SSAB will initiate talks with trade unions to adjust its workforce in Finland due to continued weak demand, it said on Monday. SSAB said in a statement the aim is to cut costs by at least 10 million euros ($10.63 million) annually and the negotiations affect around 2,400 of …
SSAB flags possible staff cuts in Finland due to weak demand Read More »
MOSCOW (Reuters) -The Russian government has approved some changes to its fuel export ban, lifting the restrictions for fuel used as bunkering for some vessels as well as diesel with high content of sulphur, a government document showed on Monday. It also lifted restrictions on the export of fuel already accepted for export by the …
Russia lifts export ban on low-quality diesel, marine fuel Read More »
OSLO (Reuters) -SBB’s shares and bond rose sharply on Monday after the Swedish property group secured an 8 billion crown ($719 million) cash boost and said it would reorganise its business. “SBB intends to use the cash to address near-term financial commitments, including agreed investments, dividends, and debt maturities,” it said in a statement on …
Sweden’s SBB soars on cash infusion relief, reorganisation Read More »
By James Davey LONDON (Reuters) -The UK arm of German discount supermarket chain Aldi plans to increase investment in the two years to end-2024 to 1.4 billion pounds ($1.7 billion) as it tries to grab more market share from its bigger listed rivals. Britain’s food retailing sector has been transformed in the last decade by …
No let up for rivals as Aldi UK steps up investment Read More »
By David Carnevali NEW YORK (Reuters) – Enovis Corp, a U.S. maker of orthopedic bracing and shoe inserts, has agreed to acquire Italian surgical implant manufacturer LimaCorporate SpA for approximately 800 million euros ($850 million), including debt, according to people familiar with the matter. The acquisition will bolster Enovis’ reconstructive business, which makes shoulder, hip …
Enovis to buy prosthetic implants maker LimaCorporate for $850 million -sources Read More »
LONDON (Reuters) -The newly-agreed forum for regulatory cooperation between Britain and the European Union will hold its first meeting on Oct. 19, a senior UK finance ministry official said on Monday. Britain and the EU had agreed to set up a forum for their financial regulators to discuss issues, but its creation was delayed due …
Britain, EU to hold first meeting of financial services forum next month Read More »
By Bansari Mayur Kamdar (Reuters) -European shares fell at the start of the quarter’s last week in volatile trading as worries about interest rates staying higher for longer and weakness in China-exposed shares weighed on the index. The pan-European STOXX 600 index slid 0.8% by 0845 GMT on Monday. China-exposed luxury stocks such a LVMH …
European shares decline at start of quarter’s last week on China woes Read More »
(Reuters) -Ladbrokes owner Entain warned on its online net gaming revenues for the third quarter and the full-year on Monday, as the British gambling firm grapples with ongoing regulation in Britain, and slower growth in Australia and Italy. Shares in the FTSE 100 firm fell as much as 8.2% to a 34 month-low of 969.2 …
Ladbrokes owner Entain warns on online gaming revenue, shares slide Read More »
PARIS (Reuters) – French President Emmanuel Macron said on Sunday the government would ask the fuel industry to sell at cost price and would grant 100 euros ($106.52) in aid to the poorest workers who drive to work, to stem the impact of inflation on households. “The Prime Minister will bring together all the players …
Macron wants fuel industry to sell at cost price Read More »
By Rishabh Jaiswal (Reuters) -Swedish property group SBB on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) as it looks to bolster its finances. SBB will hold approximately 49.84% of EduCo after the divestment, following which EduCo will be controlled by Brookfield. …
SBB sells 1.16% of education unit, receives $700 million as part of loan repayment Read More »
