(Reuters) – British industrial technology company Smiths Group lifted its annual revenue growth forecast for the third time in five months on Friday, as demand for its products improved on decarbonisation trends and from airport upgrades. The FTSE 100 group makes precision scanners used at airports, venues and borders, as well as valves, connectors and …
UK’s Smiths Group lifts annual revenue growth outlook again Read More »
By Sruthi Shankar (Reuters) -European stocks rose on Friday, pushing the German DAX towards record highs as signs of progress in U.S. debt ceiling negotiations encouraged investors to pile into riskier assets. The pan-European STOXX 600 index rose 0.6%, set to end the week with modest gains. Sectors sensitive to the health of the economy …
German shares near record levels as Wall St rally lifts Europe Read More »
(Reuters) – Siemens Energy is close to striking a deal to sell Siemens Gamesa’s 32% stake in Windar Renovables, a source close to the matter said on Friday. Siemens Energy and Windar declined to comment on the matter, which was first reported by Spain’s Expansion newspaper. The report said British fund Bridgepoint would buy wind …
Siemens Energy close to selling stake in Windar Renovables – source Read More »
(Reuters) – Technology company Yandex has received bids from Russian billionaires for a stake of about half of the company’s local business, valuing it at over $7 billion, Bloomberg News reported on Friday. Yandex did not immediately respond to a Reuters request for comment. Billionaires Vladimir Potanin and Vagit Alekperov bid for at least a …
Russian billionaires bid for stake in Yandex’s local assets -Bloomberg News Read More »
By Valentina Za MILAN (Reuters) -Mediobanca said on Thursday it had agreed to buy London-based Arma Partners, as Italy’s leading investment bank seeks to capture growing corporate demand for advisory services on tech deals and expand its international reach. The acquisition, which Mediobanca expects to boost its fee income by 10%, comes ahead of a …
Mediobanca buys Arma Partners to boost tech advisory offer Read More »
MOSCOW (Reuters) – Insurance company Allianz has finalised a deal to sell a majority stake in its Russian operations to local firm Interholding, which owns Russia’s Zetta Insurance, Allianz Russia said on Thursday. After a lengthy approval process, Allianz will transfer full control of its Russian portfolio to Zetta Insurance Group, Allianz Russia said. It …
Allianz sells controlling stake in Russian business to local firm Read More »
MILAN (Reuters) -Swiss duty-free retailer Dufry’s offer for Autogrill has secured shares accounting for around 87% of its capital, Reuters calculations based on bourse data showed on Thursday, moving closer to delisting the Italian group. Dufry said it aimed to delist Autogrill shares from Euronext Milan, which requires it to get to 90% of the …
Dufry to extend Autogrill offer as inches closer to delisting Read More »
By Jonathan Stempel NEW YORK (Reuters) -Deutsche Bank AG agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. The accord resolves a proposed class action in Manhattan federal court, and was confirmed …
Deutsche Bank to pay $75 million to settle lawsuit by Epstein accusers Read More »
By Shadia Nasralla LONDON (Reuters) -Twelve companies were awarded a total of 20 licences to develop carbon dioxide (CO2) storage offshore, in Britain’s first licensing round for such projects, the North Sea Transition Authority (NSTA) said on Thursday. Britain aims to use carbon capture and storage (CCS) technology, which involves filtering planet-warming carbon from industrial …
Britain awards 20 offshore carbon storage licences Read More »
LONDON (Reuters) -A European body that reviews disputes in the credit default swaps market said on Thursday it will discuss whether a bankruptcy credit event occurred at Credit Suisse after regulators wiped out the bank’s junior bondholders in a state-assisted merger with UBS. The EMEA Credit Derivatives Determination Committee (CDDC) said it will meet on …
European body to review question on Credit Suisse bankruptcy event Read More »
