By Shashwat Chauhan (Reuters) – London stocks held their intraday losses after the Bank of England raised its main lending rate by an expected 25 basis points on Thursday, while bank stocks fell for the first time in three days. The FTSE 100 fell 0.8%, after recording its highest closing level in more than a …
London stocks hold losses after BoE hike, banks down Read More »
ROME (Reuters) -Italy’s Industrie De Nora cut its guidance on revenues for 2025 as lower metals and technology costs are expected to hit final prices, the electrode maker said on Thursday, pushing shares down as much as 8%. Under the updated plan, the company now forecasts consolidated revenues of between 1.35-1.5 billion euros ($1.47-1.64 billion) …
Italy’s De Nora cuts 2025 sales guidance on expected lower pricing, shares drop Read More »
By Jonathan Saul LONDON (Reuters) – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a “shadow” fleet of tankers carrying oil last year from countries hit …
Oil spills and near misses: more ghost tankers ship sanctioned fuel Read More »
(Reuters) -Arm Ltd, owned by Japan’s SoftBank Group Corp, is seeking to raise prices for its chip designs, as it aims to boost revenue ahead of an initial public offering in New York, the Financial Times reported on Thursday. The British chip designer recently notified several of its customers of a “significant shift” to its …
Softbank-owned Arm seeks to raise prices ahead of U.S. IPO – FT Read More »
By Lawrence White LONDON (Reuters) – HSBC has appointed Patrick George as head of markets and securities services, according to a memo seen by Reuters on Thursday, amid a wider reshuffle of the leadership of its investment bank aimed at streamlining decision making. George takes over the key role overseeing HSBC’s trading operations, and one …
HSBC appoints new markets head amid wider investment bank reshuffle Read More »
LONDON (Reuters) -British subprime lender Amigo Holdings plc said on Thursday it would wind down after failing to secure adequate investor interest in a crucial capital raising, ending months of efforts to restructure its ailing business. Shares in the company, which specialises in providing credit to borrowers typically excluded by mainstream banks, crashed 79% in …
Subprime lender Amigo to wind down after failing to raise funds Read More »
(Reuters) -London-listed investment banks Cenkos Securities and finnCap Group will merge in an all-stock deal to create one of the UK’s biggest financial services advisory firms focused on small-cap growth companies, they said on Thursday. Cenkos shareholders will get 3.19420647 finnCap shares for each share they hold, valuing each Cenkos share at 37.13 pence and …
UK investment banks Cenkos and finnCap to merge in 21 million pound deal Read More »
PRAGUE (Reuters) – Czech gunmaker Colt CZ Group lifted its dividend on Thursday after posting record revenues for 2022, when a slowdown in its key U.S. market was offset by higher sales to military customers. Revenue rose 36.5% last year to 14.59 billion crowns ($672.26 million), hitting the upper end of the company’s guidance range. …
Czech gunmaker Colt CZ lifts dividend after record revenue Read More »
By Anastasiia Kozlova and Tristan Chabba (Reuters) – Swiss online drug retailer Zur Rose on Thursday said it will not reach break-even in adjusted core profit this year as it navigates regulatory requirements for rolling out online prescriptions in Germany. It had said last year it expected its adjusted earnings before interest, taxes, depreciation, and …
Zur Rose delays profitability break-even to 2024 Read More »
By Milana Vinn and Amy-Jo Crowley (Reuters) -French investment firm Ardian is in the early stages of exploring a bid for Italy’s INWIT, the country’s top telecommunications tower operator with a market value of 11 billion euros ($12 billion), according to people familiar with the matter. Ardian, which is the second largest shareholder in INWIT …
Exclusive-Ardian explores taking Italian tower operator INWIT private-sources Read More »
