By Andres Gonzalez LONDON (Reuters) – Private equity firm Apax is set to agree the acquisition of a 50% stake in medical group Palex in a deal that will value the company at around 1 billion euros ($1.1 billion), debt included, according to two sources with knowledge of the deal. Apax would acquire the stake …
Apax set to buy stake in Palex Medical in 1 billion euro deal- sources Read More »
FRANKFURT (Reuters) – Latest data about economic output in France, Germany and Spain is “quite encouraging” and confirms the European Central Bank’s expectations, ECB President Christine Lagarde said in an interview published on Sunday. “The second quarter GDP figures for France, Germany and Spain are quite encouraging,” Lagarde told French daily Le Figaro. “They support …
ECB’s Lagarde says latest growth data ‘encouraging’ Read More »
By Tommy Wilkes LONDON (Reuters) – Banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these emissions from their own carbon footprint, three people familiar with the matter said. The majority of banks comprising an industry working group backed a plan …
Exclusive: Banks vote to limit accounting of emissions in bond and stock sales Read More »
(Reuters) -Glencore is in advanced talks to buy out its partner in Argentina’s Mara copper project as it seeks higher exposure to the metal, Bloomberg News reported on Friday. The company is close to finalizing a deal to acquire Pan American Silver Corp’s 56% stake that could be announced as soon as next week, it …
Glencore in advanced talks for Argentina copper stake – Bloomberg News Read More »
(Reuters) – Fox and Flutter Entertainment plan to wind down their sports-betting business called Fox Bet starting as early as next month, Bloomberg News reported on Friday, citing people familiar with the plans. Flutter will retain the customer database and market-access agreements associated with the business, while Fox will keep rights to the brand and …
Fox, Flutter to close sports-betting business Fox Bet – Bloomberg News Read More »
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) – After more than a decade trying to rehabilitate their image since an era of bailouts and mis-selling scandals, Britain’s banks are once again a target for public – and political – ire. What started as a dispute between former Brexit Party leader Nigel Farage …
Analysis-UK banks back in political crosshairs after Farage fiasco Read More »
By Alvise Armellini ROME (Reuters) -Italy’s state-controlled defence and aerospace group Leonardo needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday. Roberto Cingolani, a scientist and former energy and environment minister who was installed in May, spoke as the company reported for …
Italy’s Leonardo to focus on ‘bytes and data’, new CEO says Read More »
By Nell Mackenzie LONDON (Reuters) – James Hanbury, a portfolio manager at Odey Asset Management, will move his entire team to Lancaster Investment Management, he said in a letter on Friday, a further fallout from sexual misconduct allegations against OAM’s founder Crispin Odey. Crispin Odey, 64, was ousted this month from the firm he founded …
OAM’s James Hanbury will take team to Lancaster – letter Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. prosecutors on Friday asked a judge to dismiss a 2020 criminal case against European planemaker Airbus after a probationary period for the company expired. A 2020 settlement known as a deferred prosecution agreement resolved an investigation into charges Airbus violated anti-bribery laws and export controls. The planemaker, a major …
US seeks to end 2020 Airbus criminal case over bribery, export controls Read More »
By Huw Jones and Tom Sims LONDON/FRANKFURT (Reuters) – Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billion euros ($546 billion) wiped from their buffers, the bloc’s banking watchdog said on Friday. Bank stress tests became a feature in Europe and the …
