(Reuters) -Deutsche Bahn AG is considering reviving the sale of its Arriva transport business, as it seeks to focus on its core German railway operations amid a broader overhaul, Bloomberg News reported on Tuesday. The German state-owned railway operator may seek a valuation of 1 billion euros ($1.08 billion) to 2 billion euros in any …
Deutsche Bahn considers reviving sale of Arriva unit – Bloomberg News Read More »
By Jane Lanhee Lee and Hakan Ersen HALF MOON BAY, Calif/FRANKFURT (Reuters) – U.S. chip giant Intel Corp is committed to building its chip fabrication plant, or fab, in Magdeburg, Germany and is working out funding details with the government, according to Chief Global Operations Officer Keyvan Esfarjani. “We are committed to making the Magdeburg …
Intel is committed to Germany chip plant, working with government -exec Read More »
By Manasi Pathak (Reuters) – Jim Ratcliffe’s company INEOS has formally entered the bidding process to buy Premier League soccer club Manchester United, a spokesperson for the chemical firm said on Tuesday. The Glazer family, United’s U.S. owners, said in November they had begun looking at options for the 20-times English champions, including new investment …
Soccer-INEOS confirms entering bidding process to buy Manchester United Read More »
By Kathryn Lurie DAVOS, Switzerland (Reuters) – The first day of official programming at the World Economic Forum’s (WEF) annual meeting kicked off on Tuesday with bold declarations by Europe and China in attempts to bolster their positions in the world. The European Union will counter the U.S.’s game-changing Inflation Reduction Act (IRA), described in …
Davos 2023: What you need to know about the WEF on Tuesday Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -UK’s blue-chip index closed lower on Tuesday, ending a four-day winning streak after weak economic data from China raised concerns about global growth, while shares of Ocado Group slumped after disappointing results. The FTSE 100 dipped 0.1% to 7,851.0, hovering below its record high of 7,903.5 hit …
FTSE 100 snaps four-day winning streak as Britain’s Ocado slumps Read More »
By Huw Jones and David Milliken LONDON (Reuters) -Britain’s proposed changes to capital rules for insurers could lead to the government having to bail out policyholders, as happened 20 years ago after the near-collapse of life assurance company Equitable Life, the Bank of England said on Monday. Late last year Britain’s finance ministry overrode the …
Bank of England says insurance reform must not repeat Equitable Life debacle Read More »
(Reuters) – Automaker Stellantis has teamed up with lithium group Vulcan Energy Resources to develop geothermal energy projects in Germany to help decarbonise production of electric vehicles at Rüsselsheim, the two companies said on Tuesday. Stellantis’ Rüsselsheim facility is where the world’s third largest carmaker by sales produces its DS 4 and Opel Astra models. …
Stellantis, Vulcan Energy to develop renewable energy assets in Germany Read More »
(Reuters) -U.S. home appliances maker Whirlpool Corp said on Tuesday it would divest most of its businesses across Europe, Middle East and Africa (EMEA) as part of a strategic review it launched last year. The home appliance maker launched a review of the EMEA business in April 2022, acknowledging that it would take the company …
Whirlpool to divest most of EMEA ops, form new entity with Turkey’s Arcelik Read More »
(Reuters) – UK’s Revolution Bars Group on Tuesday forecast its annual core profit to be at the bottom-end of market expectations after the city-centre pub chain’s Christmas sales were hit by train strikes, sending shares sharply lower. The Christmas trading update from the London-listed firm comes after the key sales period was dampened by nationwide …
UK’s Revolution Bars warns on profit after strikes derail Christmas sales Read More »
BERLIN (Reuters) – Tourism company TUI is open to a new major shareholder after Russian billionaire Alexey Mordashov has been sidelined by European Union sanctions over Moscow’s invasion of Ukraine, Chief Executive Sebastian Ebel said. Asked whether TUI was interested in a new shareholder, Chief Executive Sebastian Ebel told journalists on Monday evening: “The answer …
