(Reuters) – Intelsat SA has ended negotiations to combine with SES SA as it was not able to reach an agreement with the satellite company and its major stakeholders, Bloomberg News reported on Wednesday citing people familiar with the matter. SES had said in March it was in talks with Intelsat over a possible combination …
Intelsat, SES end talks on $10 billion merger – Bloomberg News Read More »
MADRID (Reuters) – Spanish businessman Amancio Ortega, the founder of Zara owner Inditex, has bought a warehouse in the Netherlands for 105 million euros ($115.4 million), his private investment firm Pontegadea said on Wednesday. The purchase, first reported by real estate website React News and later confirmed by a Pontegadea spokesperson, marks Ortega’s foray into …
Zara founder Ortega buys Dutch warehouse for $115 million Read More »
BERLIN (Reuters) – Wage talks between Germany’s EVG railway workers union and rail operator Deutsche Bahn have collapsed, the union said on Wednesday, raising the prospect of more strikes in Europe’s biggest economy. The union in a statement said the latest wage offer was too low, came too late and its term of 27 months …
Rail strike looms in Germany after wage talks collapse Read More »
HOUSTON (Reuters) -Cheniere Energy has entered into a long-term agreement with Norway’s Equinor to supply 1.75 million tonnes per annum (MTPA) of liquefied natural gas (LNG), it said on Wednesday. The contract will help build commercial momentum for the proposed Sabine Pass LNG expansion, which will add 20 MTPA when completed, Cheniere said. It is …
Cheniere signs LNG supply agreement with Equinor for Sabine Pass expansion Read More »
LONDON (Reuters) -Financials Acquisition Corporation said on Wednesday it would seek shareholder permission next month for more time to create a billion pound ($1.28 billion) insurance undertaking. The special purpose acquisition company (SPAC), which was floated in April 2022, said it has identified a potential target company which could involve the company raising “substantial” additional …
Financials Acquisition Corp SPAC seeks extra time for insurance deal Read More »
PARIS (Reuters) – Jet engine maker Pratt & Whitney flagged “solid progress” in the aerospace supply chain on Wednesday, addressing a key area of concern for planemakers as they continue to rack up orders at the Paris Airshow. The first two days of the world’s biggest air show saw bumper orders from Indian airlines looking …
‘Progress’ in supply chain as jet orders rack up at Paris air show Read More »
By Ankika Biswas and Shashwat Chauhan (Reuters) -British equities fell on Wednesday as a still-high inflation reading deepened worries that the Bank of England (BoE) may keep interest rates higher for longer, a day before it meets to set rates. The FTSE 100 slipped 0.1%, touching a three week low in intraday trading, while the …
London stocks fall after inflation data shock, homebuilders slump Read More »
By David Milliken and William Schomberg LONDON (Reuters) -British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of England a day before it is expected to raise interest rates for the 13th time in a row. Markets increased bets on further rate rises following …
UK’s stubborn inflation fails to fall, turning up heat on BoE Read More »
(Reuters) -Shares of British housebuilders fell sharply on Wednesday after May inflation data defied slowdown expectations, with analysts predicting a “dangerous period” for the housing market underpinned by elevated mortgage rates. Britain’s consumer price inflation held at 8.7% in May, official figures showed, a day before the Bank of England (BoE) is forecast to raise …
UK homebuilder stocks on shaky ground over further rate hike fears Read More »
By Tom Käckenhoff DUESSELDORF (Reuters) – Thyssenkrupp should explore a sale of its warship division to peers, in addition to private equity players and a potential stock market listing, according to influential German labour union IG Metall. Leaders should “keep an eye on industrial investors”, IG Metall said in a union handout seen by Reuters, …
Thyssenkrupp should consider industrial players in sale of defense division – IG Metall Read More »
