LONDON (Reuters) – British manufacturers slipped deeper into decline in March but turned more optimistic about the future as cost pressures and supply chain problems eased off, a survey showed on Monday. The S&P Global/CIPS UK manufacturing purchasing managers’ index (PMI) fell to 47.9 from 49.3 in February, slightly below a preliminary reading for March …
UK factories falter but waning cost pressures raise hopes – PMI Read More »
By Iain Withers and Simon Jessop LONDON (Reuters) – The British government has extended a trading plan to help cut the taxpayer’s stake in NatWest by another two years, as it chips away at its remaining 41.5% holding with small sales after a recent bout of global banking volatility. A series of sales returned the …
UK extends trading plan to sell NatWest stake by two years Read More »
LONDON (Reuters) – Activity at struggling factories across the euro zone fell further last month as consumers feeling the pinch from rising living costs cut back, according to a survey which did show the cost of manufacturing fell for the first time since mid-2020. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 47.3 …
Euro zone factory downturn deepened in March -PMI Read More »
BERLIN (Reuters) – German manufacturing activity shrank in March at the fastest pace in almost three years, a survey showed on Monday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 44.7 in March from 46.3 in February. It marked its lowest level since …
German manufacturing activity downturn deepened in March -PMI Read More »
(Reuters) – German specialty chemicals producer Evonik on Monday announced the restructuring of its pet food unit, including cost savings of 200 million euros ($216.50 million) from 2025 onwards and around 200 job cuts worldwide. The company added that its amino acids and specialties businesses will operate separately and on different business models. Evonik, a …
MILAN (Reuters) – UniCredit will kick off on Monday the first tranche of a share repurchase programme which received supervisory approval last week, a key part of Chief Executive Andrea Orcel’s plans to boost the bank’s share price. UniCredit said it had hired BNP Paribas to buy back up to 2.34 billion euros ($2.53 billion) …
UniCredit kicks off first tranche of share buyback for 2.34 billion euros Read More »
By Milana Vinn, Anirban Sen and Dawn Chmielewski (Reuters) – Endeavor Group Holdings Inc, the parent of the popular UFC mixed martial arts franchise, is in talks to acquire World Wrestling Entertainment Inc (WWE) in an all-stock deal, according to people familiar with the matter. The sources requested anonymity because the matter is confidential. Endeavor …
Endeavor in talks to buy World Wresting Entertainment -sources Read More »
(Reuters) – U.S. private security firm Allied Universal has paused its multibillion-dollar initial public offering due to hiring problems and economic uncertainty, the Financial Times reported on Sunday, citing Chief Executive Steve Jones. “The last 10 to 12 months have been really choppy waters for public markets, so we’re very comfortable just continuing to remain …
Allied Universal pauses listing amid economic uncertainty – FT Read More »
By Gabrielle Tétrault-Farber GENEVA (Reuters) – Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the office of the attorney general said on Sunday. The prosecutor, based in the Swiss capital Bern, is looking into potential breaches of the country’s criminal law by government officials, regulators and …
(Reuters) – Norges Bank Investment Management will vote against the re-election of Credit Suisse Chair Axel Lehmann and six other directors at the Swiss lender’s annual general meeting on Tuesday, the Norwegian wealth fund said on its website. Credit Suisse was acquired last month by rival UBS in a $3.23 billion deal engineered by the …
Norwegian wealth fund seeks Credit Suisse boardroom shake-up Read More »
