MADRID (Reuters) -Spanish phone tower operator Cellnex said on Wednesday its chief executive Tobias Martinez Gimeno has resigned after the company announced in November a strategy shift away from acquisitions to focus on lowering debt. His resignation will take effect on June 3 and the company said it has put the necessary mechanisms in place …
Cellnex’s CEO Tobias Martinez steps down amid strategy shift Read More »
By Paul Sandle LONDON (Reuters) -British cyber-security company Darktrace cut its full-year revenue forecast on Wednesday after prospective customers turned more reluctant to run product trials due to the worsening economic environment. The company, which listed in April 2021, said it now expected its constant currency annual recurring revenue (ARR) to increase by between 29.0% …
Darktrace warns on revenue as customers turn cautious Read More »
PRAGUE (Reuters) – Volkswagen unit Skoda Auto saw its global deliveries fall by 16.7% in 2022 due to parts shortages, supply chain problems and the war in Ukraine, but it expects improvement this year, the Czech carmaker said on Wednesday. The automotive sector struggled globally last year, hindered by components shortages, especially for semiconductors, triggered …
Volkswagen’s Skoda Auto deliveries drop for fourth straight year in 2022 Read More »
BERLIN (Reuters) – Germany’s cartel office regulator said on Wednesday it had issued objections against Google’s data processing terms and that it expected the company to make changes accordingly. The cartel office sent parent company Alphabet, Google Ireland Ltd and Google Germany GmbH a preliminary legal assessment on December 23, the regulator said in a …
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By Ludwig Burger FRANKFURT (Reuters) -Bayer shares gained 1.7% in early Wednesday trade following a report activist investor Bluebell Capital Partners has built an equity stake and is pushing for a break-up of the German pharmaceutical and agriculture company. The stock traded at its highest in more than five weeks after Bloomberg reported late on …
Bayer gains on report activist Bluebell pushing for break-up Read More »
By Aby Jose Koilparambil (Reuters) -Britain’s largest housebuilder Barratt Developments Plc on Wednesday said it would build fewer homes in its current fiscal year than last as higher mortgage rates and inflation drive homebuyers away, sending its shares lower. The UK housing market has slowed in recent months, hit by a sharp rise in mortgage …
UK’s Barratt warns of weak housing market on rising mortgage rates Read More »
By Carolyn Cohn LONDON (Reuters) -Shares in Direct Line lost more than a quarter of their value on Wednesday after the British motor and home insurer unexpectedly scrapped its 2022 final dividend, with stocks in rivals Admiral and Aviva also falling sharply. Motor insurers performed strongly when the COVID-19 pandemic first hit in 2020, as …
British motor insurers slide as Direct Line axes dividend Read More »
(Reuters) -Reach Plc said on Wednesday its annual operating profit would miss market expectations, as the British news publisher struggles with lower-than-expected fourth-quarter revenue due to weak digital and print advertising, knocking shares 23% lower. The owner of newspapers such as the Daily Mirror and Daily Express said it expected challenges to persist in 2023 …
Shares of Daily Mirror publisher slump as weak ad revenue dents profit outlook Read More »
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission wants to ask Big Tech and European Union telecoms providers about their investment outlays and cloud infrastructure plans before tabling legislation that could make the former pay for network costs, a person familiar with the matter said on Tuesday. Deutsche Telekom, Orange, Telefonica, Telecom Italia …
Exclusive-EU wants details of Big Tech, telcos investment plans – source Read More »
(Reuters) -Activist investor Bluebell Capital Partners has built a stake in Bayer AG and is pushing for a breakup of the German pharmaceutical and agriculture company, Bloomberg reported on Tuesday, citing sources. UK-based Bluebell is also seeking an overhaul of Bayer’s corporate governance, the report added. A Bayer spokesperson, who declined to comment on the …
Activist Bluebell builds stake in Bayer, pushes for company breakup -Bloomberg Read More »
