By Lisa Jucca and Abigail Summerville MILAN/NEW YORK (Reuters) -French luxury group Kering, owner of fashion brand Gucci, is nearing a sale of its beauty division to L’Oreal, according to two people familiar with the situation. One of the sources confirmed the deal would be worth around $4 billion, as per an earlier report by …
Kering nears sale of beauty unit to L’Oreal, sources say Read More »
WASHINGTON (Reuters) -Europe, in its trade dealings with China, needs to act “in a more offensive way” to protect its own interests and those of its companies, Bundesbank President Joachim Nagel said on Saturday. The United States’ tariffs this year have caused global turmoil as China has retaliated and rerouted some of the products it …
Europe must be tougher on China trade, Bundesbank chief says Read More »
(Reuters) -Former BT Group CEO Philip Jansen, who now chairs marketing services group WPP, is in advanced talks with Heathrow’s board and shareholders about taking on the role of chairman of the airport, Sky News reported on Saturday. Jansen is said to have emerged as the frontrunner among shortlisted candidates and an announcement could come …
Heathrow considers WPP boss Jansen for chairman role, Sky News reports Read More »
(Reuters) -Danish wind turbine maker Vestas has shelved plans to open its biggest factory in Poland, the company said in an emailed statement to Reuters on Saturday, citing weaker-than-expected demand in Europe. Vestas announced plans for a second offshore wind turbine plant in Poland last year. The factory, which was expected to create more than …
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(Reuters) -DBRS Morningstar upgraded Italy’s credit rating to ‘A low’ from ‘BBB high’ on Friday, underpinned by improvements that resulted in a more resilient economy and expectations that fiscal consolidation will help stabilise the public debt ratio. “Cumulative improvements in Italy’s banking system and external accounts have significantly reduced structural weaknesses and improved its resilience …
(Reuters) -Benchmark Mineral Intelligence, a UK-based pricing and data research firm for energy transition minerals, has cut at least a fifth of its workforce in recent weeks, said three people familiar with the company. The 11-year-old firm had been rapidly expanding over the last couple of years alongside growing market interest in lithium, copper and …
EV supply chain data firm Benchmark Mineral trims workforce, sources say Read More »
PARIS (Reuters) -S&P Global downgraded France’s rating a notch on Friday in a surprise update on the euro zone’s second-biggest economy, warning that political instability put the government’s efforts to repair its finances at risk. Credit ratings agencies rarely downgrade outside of regulated schedules for updates, but S&P said France’s cut to A+/A-1′ from ‘AA-/A-1+’ was …
S&P hands crisis-prone France surprise downgrade Read More »
STOCKHOLM (Reuters) -Swedish alarms maker Verisure said on Friday it had recently detected unauthorised third-party access concerning data stored with an external billing partner’s system. Shares in the security group, which was listed on the Stockholm bourse on October 8, were down 4% at 1152 GMT. Verisure said in a statement that the breach affected …
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By Curtis Williams and Dmitry Zhdannikov HOUSTON (Reuters) -Venture Global has held talks with Ukraine to sell it additional cargoes of liquefied natural gas from its Plaquemines LNG plant in Louisiana as the winter approaches amid Russian attacks on its infrastructure, three people told Reuters. The talks for LNG from Plaquemines are taking place with Ukraine’s DTEK, a major …
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -KKR-backed telecom network firm FiberCop has filed a complaint with the European Commission, alleging that Italy provided state aid to rival Open Fiber in breach of EU competition rules, three sources with knowledge of the matter said. The complaint, which alleges Italy altered competition in its ultra-broadband …
