By America Hernandez PARIS – Energy major TotalEnergies said on Thursday it had accepted an offer to sell its carbon-heavy Canadian oil sands operations to Suncor Energy for $4.1 billion, with potential additional payments of up to $450 million. The company initially planned to spin off the business but said the sale to Suncor would …
TotalEnergies sheds Canadian oil sands, promises to reward shareholders Read More »
MUNICH (Reuters) – Germany’s Hensoldt is considering an acquisition of the defence electronics segment of Italy’s Leonardo as part of efforts for European consolidation, CEO Thomas Mueller said in comments released on Thursday. “That would be a possible way forward” and would be conceivable in the short term, Mueller said at an event in Munich …
Germany’s Hensoldt eyes acquisitions in bid for consolidation – CEO Read More »
By Martin Coulter LONDON (Reuters) -European chipmaker STMicroelectronics beat first-quarter results forecasts on Thursday, defying signs of a slowdown in the semiconductor industry. However, it shares fell around 4% in early trade as investors worried the slowdown would eventually catch up with the company, which counts iPhone maker Apple and carmaker Tesla among its customers. …
STMicroelectronics defies chips gloom with Q1 beat Read More »
By Anna Mackenzie (Reuters) -German online takeaway food company Delivery Hero on Thursday forecast single-digit percentage growth in 2023 gross merchandise value (GMV) against a challenging comparison period after parts of Asia reopened from lockdowns. The Berlin-based company expects its GMV to grow between 5% and 7% in constant currency terms this year, citing a …
Delivery Hero sees single-digit GMV growth in 2023 Read More »
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be …
Deutsche Bank to cut 800 jobs after strong first quarter Read More »
LONDON (Reuters) – Sainsbury’s, Britain’s second largest supermarket group, said a focus this year will be expansion of its cheapest own-label lines as cash-strapped shoppers grapple with a cost-of-living crisis that shows little sign of abating. Britons are increasingly turning to supermarkets’ own-label products, which are usually cheaper than branded products, to help manage spending. …
UK’s Sainsbury’s to work harder on cheapest own-label lines Read More »
LONDON (Reuters) – The boss of Britain’s antitrust regulator said blocking Microsoft’s acquisition of ‘Call of Duty’ maker Activision Blizzard was the right decision for the UK after both companies said it sent the wrong message to the global tech industry. The Competition and Markets Authority (CMA) blocked the deal on Wednesday, saying it could …
UK watchdog defends Microsoft block in face of onslaught from companies Read More »
By Paul Sandle LONDON (Reuters) – For all the thunder about Xbox versus PlayStation, it was the nascent cloud market that led to Britain’s surprise decision to block Microsoft’s record Activision Blizzard takeover. Microsoft has been working for months to satisfy concerns about the $69 billion deal raised by Britain’s Competition and Markets Authority (CMA), …
Cloud, not consoles, blocks Microsoft’s Activision view in UK Read More »
By Nupur Anand, Saeed Azhar and Niket Nishant (Reuters) -First Republic Bank’s market value plunged again on Wednesday as investors waited to see if it would be able to find buyers for assets and engineer a turnaround without government support. In a brutal sell-off, the bank’s market capitalization briefly sank as much as 41% to …
By Clara Denina and Divya Rajagopal LONDON/TORONTO (Reuters) – Teck Resources Ltd withdrew its plan to split in two on Wednesday, a surprise development just ahead of a key shareholder vote, as the miner sought to fend off a $22.5 billion takeover attempt from Glencore Plc. Vancouver-based Teck’s share price in Toronto rose as much …
Teck Resources withdraws plan to split, shares jump as Glencore circles Read More »
