(Reuters) – Italy is the latest European country to hit banks with a windfall tax in a surprise move on their profits, which have been bolstered by interest rate rises, to help mortgage holders. Below is a snapshot of the status of windfall taxes or bank specific duties across European countries, in alphabetical order: CZECH …
Factbox-European countries differ over windfall taxes on banks Read More »
(Reuters) -Private equity firm EQT AB said late on Thursday it plans to take SUSE private in a deal to be funded by a special dividend issued by the Frankfurt-listed software company. EQT, which owns around 79% of SUSE, will offer shareholders 16 euros per share, a premium of nearly 67% to their closing price …
German software firm SUSE to be taken private by EQT Read More »
PARIS (Reuters) – French car parts company Valeo announced on Friday an agreement to sell its propulsion systems business in Russia to Russian company NPK Avtopribor. Valeo said this sale would not incur any capital gain or loss. It said its sales in Russia previously represented less than 1% of group turnover, and the related …
Valeo to sell Russia propulsion systems business to NPK Avtopribor Read More »
By Chris Prentice and Brenna Hughes Neghaiwi NEW YORK/ZURICH (Reuters) – Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an investigation published by U.S. lawmakers on Thursday. The bank failed to include numerous relevant records …
By Katherine Masters, Amy Tennery and Helen Reid NEW YORK/LONDON (Reuters) – When England and Spain face off in Sunday’s Women’s World Cup final, there will be more than sporting pride at stake. A potential multimillion dollar sales boost is also on the table for the winning team’s sponsor – Nike, or Adidas. Sports sponsorship …
Nike v. Adidas: Soccer World Cup sponsors gear up for England, Spain finale Read More »
By Siddarth S and Khushi Singh (Reuters) -UK’s FTSE 100 fell for a fifth straight session on Thursday, hurt by a sell-off in defence stocks, while investors remained cautious as hawkish meeting minutes from the U.S. Federal Reserve fanned fears of interest rates staying elevated. The blue-chip FTSE 100 fell 0.6% to over one-month lows, …
London stocks slip on defence drag, hawkish Fed minutes Read More »
BERLIN (Reuters) – The German government will examine the finances of Deutsche ReGas, the operator of a planned liquefied natural gas (LNG) terminal on the Baltic coast opposed by local authorities, it said in a response to a lawmaker seen by Reuters on Thursday. The examination follows a request by a resort town on the …
German government to examine finances of private LNG operator Read More »
By Laura Lenkiewicz (Reuters) -Dutch insurer Aegon’s Solvency II ratio at the end of June missed analyst expectations, with the group also swinging to a 199 million euro ($216.5 million) net loss, it said on Thursday. The company attributed the declines to unfavourable market movements in the UK and in the Netherlands, as well as …
ZURICH (Reuters) -UBS has appointed or confirmed 21 country heads across the Europe, Middle East, and Africa (EMEA) region, according to an internal memo seen by Reuters on Thursday. Five of the positions will be filled by employees from recently acquired Credit Suisse, the memo sent to employees by executive board member Beatriz Martin said. …
UBS names 21 country heads across EMEA region – memo Read More »
LONDON (Reuters) – Strike action at Britain’s Gatwick airport planned by ground handlers for this weekend has been suspended after workers at company Red Handling received an improved offer, the Unite trade union said on Thursday. “Our members will now decide whether the deal on the table meets their expectations,” the union said in a …
Gatwick airport workers call off strike after revised pay offer Read More »
