By Johann M Cherian and Shashwat Chauhan (Reuters) – Britain’s blue-chip FTSE 100 closed higher on Monday, leaving it less than a percent below the record high it hit in 2018, on optimism over the global economy and signs that inflation is coming under control. The FTSE 100 ended up 0.2% at 7,860.07, not far …
FTSE 100 in sight of record high as financial stocks gain Read More »
MILAN (Reuters) – Italy’s antitrust authority said on Monday the offices of several oil companies, including Italy’s Eni and Exxon Mobil Corp’s ESSO Italiana unit, have been searched over alleged fuel price violations. The authority, which carried out the inspections with the help of Italy’s tax police, said it was probing irregularities concerning prices being …
Italy’s Eni, Esso offices raided in antitrust probe over fuel price breaches Read More »
(Reuters) – Pharmaceutical companies AbbVie and Eli Lilly have withdrawn from Britain’s voluntary medicines pricing agreement, an industry body said on Monday. Companies are increasingly arguing that it is no longer possible to justify the UK’s “voluntary scheme” to global boardrooms and investors as repayment rates in 2023 have surged to 26.5% of revenue, the …
AbbVie, Eli Lilly exit UK drug pricing agreement Read More »
By Belén Carreño, Robert Muller and Sergio Goncalves MADRID/PRAGUE/LISBON (Reuters) – The risk that European Union governments will not be able to spend the largest aid package in its history is growing as members struggle to meet deadlines imposed by the bloc, officials from four countries have told Reuters. Difficulties in renegotiating the 724-billion-euro post-pandemic …
EU’s record recovery fund at risk as countries struggle to meet deadline Read More »
(Reuters) – Britain’s MJ Hudson Group, which provides services to asset managers, said on Monday it was evaluating takeover interest in some units to reduce its debt and named an interim finance chief as it continues the delayed audit of last year’s results. The company said it had engaged Alvarez & Marsal to evaluate the …
UK’s MJ Hudson mulls sale of some units, names interim CFO Read More »
BERLIN (Reuters) – Germany’s wholesale price index rose in December compared with the same month last year although at a slower pace than in previous months, according to data released on Monday. Wholesale prices rose by 12.8% on the year, compared with a November reading of 14.9%, the federal statistics office reported. Wholesale price growth …
German wholesale prices rise in December but at slower pace Read More »
(Reuters) – Ashmore said on Monday its assets under management rose 2% in the December quarter, as net outflows halved from the previous three months buoyed by improving investor sentiment. The emerging markets-focused asset manager recorded $57.2 billion of assets under management for the quarter ended Dec. 31 and said it expects investor risk appetite …
Ashmore reports rise in Dec quarter assets under management Read More »
LONDON (Reuters) – Amigo Holdings has failed to find a cornerstone investor for its planned capital raise, and is looking for a syndicate of investors to pull together 45 million pounds ($55 million), the UK sub-prime lender said on Monday. Amigo won court approval in May 2022 for a compensation scheme for past customers and …
UK sub-prime lender Amigo fails to find cornerstone investor for capital raise Read More »
ZURICH (Reuters) – Sika has agreed to sell part of its admixture business to UK-based chemical and energy group INEOS, the Swiss construction chemicals maker said on Monday. The deal is intended open the way for Sika to complete its acquisition of MBCC Group, the former BASF Construction Chemical business, by resolving the concerns of …
By Elisa Anzolin and Valentina Za MILAN (Reuters) – Italian businesses discovered the limits of their ‘small is beautiful’ motto when competition became global. Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. With its tradition of sophisticated craftsmanship, Italy is home to thousands of small …
Private equity persuades Italian luxury suppliers that bigger is better Read More »
