By Marc Jones LONDON (Reuters) -Ukrainian state energy firm Naftogaz sweetened a debt-restructuring offer to its bondholders on Friday in a bid to break a months-long deadlock in efforts to bring the company out of default. The main improvements to the proposal included offering to pay 5% of its already-defaulted 2022 bond and an overdue …
Ukraine’s Naftogaz sweetens debt restructuring offer Read More »
(Reuters) – Spain’s antitrust watchdog on Friday imposed a 6-million-euro ($6.35 million) fine on Telefonica for commercial practices, such as permanence clauses on smart phone leases, that violated the terms of a 2015 takeover accord for cable TV operator DTS. CNMC, as the regulator is known, said Telefonica’s commercial offers, which included the lease of …
Spain’s antitrust watchdog fines Telefonica over DTS takeover terms Read More »
By Gus Trompiz and Sybille de La Hamaide PARIS (Reuters) -InVivo is interested in controlling the French supermarkets of retail group Casino, building on a planned grocery tie-up to make the agribusiness cooperative a major retail player, its CEO said on Friday. Debt-laden supermarket chain Casino and smaller food retailer Teract, which is majority owned …
InVivo eyes control of Casino supermarkets in French grocery shakeup Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is a global frontrunner in cutting carbon emissions but is also moving to ensure the green transition doesn’t make it an industrial desert, with a raft of measures due to be announced next week. Europe’s industrial competitiveness in relation to the United States and China, the …
EU seeks to arrest industry decline in green transition Read More »
ROME (Reuters) – Italy’s Leonardo said on Friday it was set to benefit from higher defence spending following the Russian invasion of Ukraine and that orders for the current year were spread widely rather than reliant on one big contract. Executives from the state-controlled defence and aerospace group were commenting after the company beat its …
Italy’s Leonardo set to benefit from higher defence spending Read More »
By Suban Abdulla LONDON (Reuters) -British house builder Berkeley Group Holdings Plc maintained its 2023 outlook on Friday and said house prices remained firm, but added it was cautious as sales are falling amid volatility in the property market. The FTSE 100 listed developer said UK housing sales since the end of September were down …
UK’s Berkeley cautious about housing market but maintains profit guidance Read More »
LONDON (Reuters) – BP Chief Executive Bernard Looney’s total remuneration for 2022 more than doubled to 10.03 million pounds ($11.99 million) from 4.46 million pounds in 2021, BP’s annual report published on Friday showed. BP reported a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back …
BP CEO Looney’s 2022 pay more than doubles to $12 million Read More »
By Victoria Waldersee BERLIN (Reuters) -Daimler Truck will pay its first dividend as a standalone company and expects higher profits and revenue this year despite supply chain bottlenecks, it said on Friday, suggesting price increases and cost cuts will continue. Fourth-quarter sales and profits, however, came in below expectations with analysts at Jefferies pointing to …
Daimler Truck forecasts higher 2023 earnings as pays out first dividend Read More »
By Alun John LONDON/FRANKFURT (Reuters) -A dramatic sell-off in U.S. bank stocks spilled over into Europe on Friday, as some of the region’s biggest banks saw their shares tumble in their largest decline in nine months. Europe’s STOXX banking index fell more than 4% and was set for its biggest one-day slide since early June, …
(Reuters) – Sanctioned Russian businessmen Mikhail Fridman and Petr Aven are in discussions over selling their stake in Russia’s Alfa Bank, the RBC business paper reported on Friday, citing a representative of the bank. The two men are considering offloading their stakes in the privately held lender to longtime business partner Andrei Kosogov, RBC reported. …
Fridman, Aven in talks over selling stake in Russia’s Alfa Bank – paper Read More »
