By Julia Payne and Giuseppe Fonte LONDON/ROME (Reuters) – Russia’s Lukoil has sold its Italian refinery to a group of firms backed by a major trading house in its first significant asset sale since Moscow’s invasion of Ukraine, the companies said on Monday. Since its inception following the collapse of the Soviet Union, Lukoil had …
Russia’s Lukoil reaches deal to sell Italian refinery Read More »
By Valentina Za MILAN (Reuters) – Italy’s FinecoBank is seeing strong demand for fixed income products as rates rise, which should bolster its asset management business after net inflows roughly halved last year, its chief executive said. CEO Alessandro Foti told Reuters cost control was key for the industry to cope with more challenging market …
Fineco CEO expects fixed income demand to help managed assets Read More »
By Pablo Mayo Cerqueiro (Reuters) – Saxo Bank could give its external investors a new chance to cash in, including via an initial public offering (IPO), as early as this year, CEO Kim Fournais told Reuters, after plans to merge with a blank-cheque company collapsed last month. “There’s always been a wish to eventually do …
Saxo Bank eyes Copenhagen listing after failed SPAC merger –CEO Read More »
By Elizabeth Howcroft and Carolyn Cohn LONDON (Reuters) -UK commercial property capital values decreased by 13.3% as a whole in 2022, and annual total returns were down 9.1%, according to the CBRE Monthly Index published on Monday. CBRE’s index shows a sharp turnaround from 2021, when commercial property values rose 13.8% and returns rose 19.9%. …
UK commercial property values drop in 2022, wiping out 2021 gains – data Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) -Britain’s exporter-heavy FTSE 100 closed at a more than three-year high on Monday, led by commodity-linked stocks, as China’s reopening of its borders reinforced hopes for a rebound in the world’s second-largest economy. The blue-chip FTSE 100 closed 0.3% higher, but the more domestically-focused FTSE 250 mid-cap …
Resources push FTSE 100 to highest since mid 2019 Read More »
PRAGUE (Reuters) – The Czech National Bank stayed out of currency markets in November, the first month it did not sell foreign currency since it began interventions to prevent a weak crown in May 2022, central bank data showed on Monday. The crown has climbed to 12-year highs, on the strong side of 24 crowns …
Czech central bank stayed out of FX markets in November Read More »
PARIS (Reuters) -Vivendi’s Canal Plus has finalised a deal to buy the OCS film and pay-TV division of Orange, France’s biggest telecoms group, the companies said on Monday without disclosing financial terms. The deal would mark the end of Orange’s venture into the movie industry and distribution of TV series, following years of losses at …
Vivendi’s Canal Plus clinches deal for Orange’s film and pay-TV arm Read More »
By James Davey LONDON (Reuters) -The British arm of German discounter Lidl said it expected more shoppers to switch to its stores from traditional supermarket groups in 2023 after its sales rose 24.5% in the four weeks to Dec. 25 compared to the previous year. The rise reflected new store openings and consumers’ search for …
Lidl GB expects more customers to switch from rivals after bumper Christmas Read More »
(Reuters) -Goldman Sachs Group will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for a tough economic environment in the year ahead. The job cuts are expected to be just over 3,000, one of the sources said, but the final number is yet …
Goldman Sachs to start cutting thousands of jobs midweek -sources Read More »
MILAN (Reuters) – Carmaker Stellantis has signed a deal with Australian miner Element 25 for the supply of manganese sulphite for batteries for its electric vehicles (EVs), the two companies said on Monday. The agreement marks another step in efforts by Stellantis to secure long-term supplies of raw materials essential for electric vehicles as carmakers …
Carmaker Stellantis seals batteries material deal with Element 25 Read More »
