LONDON (Reuters) – Historically low unemployment for the young is driving demand for JD Sports Fashion’s trainers, joggers and hoodies despite accelerating living costs, its boss said on Wednesday. “Our key customer target is a young adult and the young adult all over the world is benefiting from low unemployment,” CEO Régis Schultz told reporters. …
Low unemployment amongst young driving demand, says JD Sports boss Read More »
(Reuters) -Admiral Acquisition, a blank-cheque firm co-founded by dealmaker Martin E. Franklin, raised $550 million in an initial public offering (IPO) on Wednesday, making it Britain’s largest stock market listing in more than a year. Admiral said it would use the funds to acquire a company, without constraints around geography or industry. Jefferies and UBS …
Martin E. Franklin blank-check firm raises $550 million in London IPO Read More »
By Sruthi Shankar (Reuters) – European shares slipped on Wednesday as concerns about whether the United States can avoid a debt default, as well as a slew of downbeat corporate updates weighed on sentiment. The continent-wide STOXX 600 slipped 0.1%, with financial services companies and real estate firms leading declines. Euronext NV dropped 3.8% after …
European shares weighed by US debt ceiling concerns, slide in financials Read More »
FRANKFURT (Reuters) – The European Central Bank said on Wednesday it is looking for a new top bank supervisor to succeed Andrea Enria when his term runs out at the end of the year. Candidates to the role of chair of the ECB’s Supervisory Board, the most senior banking watchdog for the euro zone, must …
ECB looks for new top supervisor to succeed Enria Read More »
By Nick Carey and Barbara Lewis LONDON (Reuters) – Tyre-makers are under pressure to almost literally reinvent the wheel as regulators turn their scrutiny to tyre pollution that is set to surge with the rise of electric vehicles (EVs) and threatens to undermine those cars’ green credentials. When tyres make contact with the road, …
Tyre-makers under pressure as too much rubber hits the road Read More »
By Kate Holton LONDON (Reuters) -British car factories will be forced to close with the loss of thousands of jobs if the government does not renegotiate its Brexit deal immediately, automaker Stellantis warned on Wednesday. The owner of the Vauxhall, Peugeot, Citroen and Fiat brands told parliament that under the current deal it would face …
Change Brexit deal or watch factories close, carmaker Stellantis warns Read More »
(Reuters) -An investor consortium including U.S. buyout firm Blackstone and Thomson Reuters sold 33 million shares in the London Stock Exchange Group worth about 2.7 billion pounds ($3.41 billion), a bookrunner said on Wednesday. The placing of shares, which was upsized from 28 million, was at a price of 8,050 pence per share, a discount …
Blackstone, Thomson Reuters consortium sells $3.4 billion LSEG shares at discount Read More »
LONDON (Reuters) – British renewable energy investment firm Low Carbon has secured an additional 310 million pounds ($391.25 million) of financing for its solar projects in Britain and the Netherlands from several leading banks, the company said on Tuesday. The financing will enable the company to double the amount of capacity it plans to build …
Investment firm Low Carbon secures $391.25 million for solar projects Read More »
HONG KONG (Reuters) – Tianqi Lithium, one of the world’s biggest lithium producers, expects more consolidation in the lithium industry, an executive at the group said on Tuesday, following a $10.6 billion merger announced last week between Alldkem Lt and Livent Corp. The Alldkem Lt and Livent tie-up has raised expectations for more mergers and …
Tianqi Lithium exec sees more sector mergers and acquisitions Read More »
By Huw Jones (Reuters) – European Union states on Tuesday gave the final nod to the world’s first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up. An EU finance minister meeting in Brussels approved rules that were thrashed out …
EU states approve world’s first comprehensive crypto rules Read More »
