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(Reuters) – A French court has opened a preliminary investigation of three former senior executives at French nursing care provider Orpea, following a criminal complaint filed by the company in late 2022, it said on Friday. The probe is part of a judicial investigation for breach of trust, fraud, aggravated misuse of corporate assets, organised …

French court opens preliminary investigation of three former senior executives at Orpea Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – Following the busiest quarter on record, activist investors slowed down in the second three months of 2023 but are expected to mount more high-profile campaigns in the second half amid pent-up demand for acquisitions and a new way of voting. Investors including Elliott Investment Management, Engaged Capital and …

Corporate agitators slow down in Q2 but ready to pounce in H2 – Barclays data Read More »

By Echo Wang and Pablo Mayo Cerqueiro NEW YORK/LONDON (Reuters) – A lackluster IPO market is showing signs of life as a flurry of deals in the United States and Europe raise hopes that a recovery may be in sight. The market for initial public offerings (IPOs) has been in the doldrums since the start …

US, European IPOs show signs of life after lengthy drought Read More »

By Supantha Mukherjee STOCKHOLM (Reuters) -The proposed EU Artificial Intelligence legislation would jeopardise Europe’s competitiveness and technological sovereignty, according to an open letter signed by more than 160 executives at companies ranging from Renault to Meta. EU lawmakers agreed to a set of draft rules this month where systems like ChatGPT would have to disclose …

Draft EU artificial intelligence rules could hurt Europe -open letter Read More »

By Carolina Mandl (Reuters) -Odey Asset Management (OAM) has proposed to restructure two of its key funds, according to letters to investors reviewed by Reuters, as part of efforts to extract founder Crispin Odey from the business after several assault and harassment allegations surfaced against him. The London-based investment firm is planning to switch shareholders’ …

Odey Asset Management pushes to restructure funds -letters Read More »

By Stephen Nellis (Reuters) – Humane, the startup founded by ex-Apple Inc executives that raised $100 million earlier this year, said on Friday that it will use Qualcomm Inc’s chips in its forthcoming wearable device. Humane has not given a release date or many other details for a gadget that it said on Friday will …

Humane, a startup founded by ex-Apple execs, will use Qualcomm chips Read More »

(Reuters) -London’s Heathrow Airport has appointed Copenhagen Airport boss Thomas Woldbye as its next chief executive, who will take charge of western Europe’s busiest airport later in the year. Heathrow regained its top spot as the busiest airport in western Europe last year, after sliding down the rankings during the COVID-19 pandemic. But the British …

London’s Heathrow picks Danish airport boss as next CEO Read More »

By Gabrielle Tétrault-Farber and Cecile Mantovani GENEVA (Reuters) – Air traffic at Geneva Airport was at a standstill early on Friday, with 64 flight arrivals and departures cancelled, due to a strike over pay by public service staff, who plan to continue striking into Saturday. About a hundred employees stood outside the departure area in …

Flights cancelled at Geneva Airport as staff plan to extend strike action Read More »

FRANKFURT (Reuters) – Inflation in the euro zone fell for a third straight month in June as the cost of fuel tumbled and increases in food prices slowed, a preliminary reading showed on Friday. The data, which showed only the smallest drop in underlying inflation, was unlikely to sway the European Central Bank, which has …

Euro zone inflation falls again in June as energy prices tumble Read More »