By Sruthi Shankar (Reuters) -European shares rose on Friday, with real estate and mining stocks in the lead as investors took comfort from the passing of the U.S. debt ceiling bill and hints that the Federal Reserve could pause its interest rate hiking cycle later this month. The pan-European STOXX 600 index was up 0.7%, …
European shares lifted by US debt deal optimism, Swedish real estate stocks Read More »
By Eva Mathews and Yadarisa Shabong (Reuters) – Swedish private equity firm EQT has agreed to buy London-listed veterinary drugmaker Dechra Pharmaceuticals for 4.46 billion pounds ($5.62 billion) in the biggest takeover deal in Britain so far this year. EQT will pay 38.75 pounds per Dechra share in cash, the companies said on Friday, lower …
EQT ups bet on pet industry with $5.6 billion Dechra deal Read More »
By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) – Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business as usual next week. The influential International Air Transport Association (IATA) holds its annual meeting on June …
Global airline summit to tackle travel boom, climate goals Read More »
FRANKFURT (Reuters) – Volkswagen will start selling battery-powered versions of its VW bus in North America from 2024 onwards, the carmaker said on Friday, in what marks the reintroduction of the iconic model after a two-decade hiatus. The introduction of the fully electric ID. Buzz will also include an extra-long version that can seat up …
Volkswagen brings VW bus back to North American market after 20 years Read More »
LONDON/DUBLIN (Reuters) – Ireland’s Finance Ministry and Britain’s NatWest Group said on Friday they had jointly sold 54.6 million shares in Permanent TSB representing 10% of the Irish bank’s share capital. The shareholders will receive close to 110.5 million euros ($121.64 million) from the accelerated share placement, or 55.2 million euros each. They had originally …
Ireland, NatWest sell 10% of lender Permanent TSB Read More »
DUBLIN (Reuters) – Ryanair flew a record 17 million passengers in May, its highest for a single month and a 10% increase from a year earlier, the Irish airline said on Friday. The previous traffic record was 16.9 million in August 2022. The airline, Europe’s largest by passengers carried, said its flights were on average …
Ryanair’s monthly traffic hits record high in May Read More »
MOSCOW (Reuters) -Russian state-owned lender VTB on Friday set the price for its secondary public offering (SPO) at 0.018225 roubles per share, implying a maximum capital raising of 196.5 billion roubles ($2.43 billion). A total of 9.3 trillion shares with a par value of 0.01 roubles each will be placed by public subscription, VTB said. …
Russia’s VTB Bank sets SPO price, could raise up to $2.4 billion Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) said on Thursday it is fining British Airways $1.1 million for failing to provide timely refunds to passengers for flights to and from the United States during the COVID-19 pandemic. Since March 2020, USDOT received over 1,200 complaints alleging British Airways failed to provide …
US fines British Airways $1.1 million over delayed refunds Read More »
NEW YORK (Reuters) – A U.S. judge on Thursday said it was premature to approve Deutsche Bank AG’s $75 million settlement of a lawsuit by women said they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. At a hearing in Manhattan federal court to consider …
US judge won’t yet approve Deutsche Bank $75 million settlement with Epstein accusers Read More »
By Marie Mannes STOCKHOLM (Reuters) – IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Zealand, which it predicts will be followed by other outlets as the Asia-Pacific region recovers from the COVID-19 pandemic and macro-economic shocks. In a filing in 2022 the company referred …
IKEA stores owner Ingka starts on first New Zealand store Read More »
