(Reuters) – Cineworld Group said on Monday its chief executive officer had been handed a six month suspended prison sentence by an Israeli court, after the cinema operator’s distribution unit agreed it was in breach of a merger agreement from 2010. Cineworld’s CEO Mooky Greidinger was also fined about 23,000 pounds ($28,225.60). The company’s Israeli …
UK’s Cineworld CEO, Israeli unit fined over merger breach Read More »
MILAN (Reuters) – Italy’s government officials will meet Telecom Italia’s leading investors Vivendi and state lender CDP on Thursday to kick off talks over plans for former phone monopoly, two sources briefed on the matter said on Monday. The new right-wing government is looking to identify “the best market-friendly options” for TIM by year end …
Italy govt to kick off talks with TIM’s leading investor on Dec. 15 – sources Read More »
LONDON (Reuters) – Britain’s government expects to recoup fully the cost to the public purse from the collapse of energy supplier Bulb, but cannot say how many years this will take, the Treasury’s director-general for growth and productivity, Phil Duffy, told lawmakers on Monday. Last month the government’s Office for Budget Responsibility said the bailout …
UK government expects to recoup Bulb energy bailout cost Read More »
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – European shares slipped on Monday as investors braced for U.S. and European central bank interest rate decisions, while rising COVID-19 infections in China also weighed on sentiment. The STOXX 600 index closed down 0.5%. Last week, the index posted its first weekly drop in eight as …
European shares slip on fears over rising China COVID cases, await rate decisions Read More »
MADRID (Reuters) -Spain is planning to extend for a second time the curbs imposed on foreign takeovers of companies it deems strategic for two more years, its economy ministry said on Monday, while aiming to widen its ambit to also include assets of such companies. The restrictions apply to stakes larger than 10% in listed …
Spain to extend restrictions on foreign takeovers until end of 2024 Read More »
BERLIN (Reuters) – The Group of Seven (G7) economic powers decided on Monday to set up an international Climate Club and invited interested states that pursue ambitious climate policies to join it, G7 chair Germany said in a statement. The G7 is asking the Organisation for Economic Cooperation and Development (OECD), in tandem with the …
G7 establishes Climate Club to support green transition Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hestia Capital Partners LP plans to overhaul the board of shipping and mailing company Pitney Bowes Inc and replace its chief executive and chair, according to a letter to other shareholders reviewed by Reuters. Hestia, which scored big gains on a bet on GameStop, plans to nominate more than …
Exclusive-Hestia seeks to take control of Pitney Bowes board, oust CEO Read More »
By Johann M Cherian and Shristi Achar A (Reuters) – British shares closed lower on Monday, with investors treading cautiously ahead of interest rate decisions this week, while shares of Home REIT hit record low after a short-seller questioned its financial status. The blue-chip FTSE 100 slipped 0.4% to mark its weakest close in nearly …
London stocks slip ahead of key interest rate decisions Read More »
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s economy rebounded in October a little more strongly than expected from September when output was affected by a one-off public holiday to mark the funeral of Queen Elizabeth, but a recession remained on the cards, official data showed on Monday. Gross domestic product grew by 0.5% …
UK economy rebounds from royal funeral hit, outlook remains bleak Read More »
By Iain Withers LONDON (Reuters) – British challenger bank Metro and two of its former executives have been slapped with fines by regulator the Financial Conduct Authority, over reporting errors that wiped hundreds of millions of pounds off its share value in 2019. The Financial Conduct Authority said on Monday it had fined Metro Bank …
Metro Bank, former top bosses fined over reporting error Read More »
