By Marie Mannes STOCKHOLM (Reuters) -Scandinavian airline SAS said it was hit by a cyber attack Tuesday evening and urged customers to refrain from using its app but later said it had fixed the problem. News reports said the hack paralysed the carrier’s website and leaked customer information from its app. Karin Nyman, head of …
Airline SAS network hit by hackers, says app was compromised Read More »
PARIS (Reuters) – French billionaire Xavier Niel has boosted his stake in Luxembourg-based telecoms firm Millicom International Cellular S.A. to 19.6%, his investment vehicle Atlas Investissement said in a statement on Tuesday. Last November, Atlas Investissement told Luxembourg’s markets regulator that it owned about 7% of Millicom’s shares. Millicom provides fixed and mobile telecommunications services …
French tycoon Niel hikes stake in Millicom to 19.6% Read More »
By Valentina Za MILAN (Reuters) -A financial investor not previously a shareholder in Anima Holding has tasked Mediobanca with buying a stake of up to 9% in the Italian asset manager, the investment bank said on Tuesday. An investor document seen by Reuters showed Mediobanca, which did not name the investor, was buying Anima shares …
Financial investor buying up to 9% of Italian asset manager Anima Read More »
OSLO (Reuters) – A sale of Enel’s Romanian assets is moving “in the right direction” and it expects a deal before the end of June, the chief executive of the Italian power utility said on Tuesday. The sale of the business in Romania is part of Enel’s strategy to reduce net debt to 51-52 billion …
Italy’s Enel expects to sell Romania business before end-June, its CEO says Read More »
By Dominique Vidalon PARIS (Reuters) -Europe’s largest food retailer Carrefour is confident on its 2023 outlook after reporting record free cash flow of 1.26 billion euros ($1.35 billion) and another rise in full-year operating profit despite high inflation. Carrefour predicted further growth this year across its main three indicators – earnings before interest, taxes, depreciation …
Carrefour predicts more profit growth this year despite high inflation Read More »
By Shashwat Chauhan (Reuters) -Britain’s FTSE 100 closed marginally higher on Tuesday, paring early gains as mixed U.S inflation data did little to soothe concerns about further Fed tightening, while strong gains by Vodafone drove other telecom stocks higher too. The blue-chip FTSE 100 closed up 0.08% after hitting a record high during the session, …
London’s FTSE 100 pares gains as U.S. CPI fans rate hike fears Read More »
(Reuters) -Britain’s financial regulator publicly censured subprime lender Amigo for failures to undertake affordability checks and said it would have imposed a 72.9 million pound ($88.6 million) fine if the company was not in financial difficulty. The Financial Conduct Authority (FCA) said a fine would have threatened Amigo’s ability to complete a High Court-sanctioned rescue …
UK’s Amigo swerves $88 million fine for lending failures, shares jump Read More »
By William Schomberg and Sachin Ravikumar LONDON (Reuters) -Basic pay in Britain grew more quickly again in the last three months of 2022, underscoring the Bank of England’s worries about inflationary heat in the economy, but other data published on Tuesday suggested a cooling in the labour market. Despite being on the brink of recession, …
UK basic pay speeds up but jobs market shows some cooling Read More »
ROME (Reuters) – Italian fashion company OTB on Tuesday posted 2022 sales growth of 12% driven by its luxury brands Jil Sander, Maison Margiela and Marni, and confirmed its interest in potential acquisitions. The group, which said in September that it aims to list by early 2025, posted full-year revenue of 1.74 billion euros ($1.87 …
Italian fashion group OTB’s luxury brands drive strong 2022 sales Read More »
BERLIN (Reuters) – Ford plans to cut 3,800 product development and administration jobs in Europe in the next three years, the company said on Tuesday, citing rising costs and the need for a leaner structure as it pivots production to electric vehicles. Around 2,300 jobs will go at the carmaker’s Cologne and Aachen sites in …
Ford to cut 3,800 engineering, administration jobs in Europe Read More »
