LONDON (Reuters) -British insurer L&G said on Friday it expected a small hit to its finances from recent market chaos, adding that a return to health for many pension funds from interest rate rises had given it a strong pipeline of work. L&G said in a trading update that a blow-up in liability-driven investment (LDI) …
L&G reports small hit from LDI pensions, strong deal pipeline Read More »
By Mathieu Rosemain PARIS (Reuters) -Vivendi’s Canal Plus TV arm is in exclusive talks to buy the film and pay TV operations of Orange in a deal that would allow it to add nearly 3 million subscribers and challenge Netflix in France, a source told Reuters on Friday. Informal talks between Vivendi’s Canal Plus, which …
Vivendi’s Canal Plus in talks to buy Orange’s film and pay TV units – source Read More »
TOKYO (Reuters) -The French government will not intervene in ongoing discussions over revamping the alliance between Nissan Motor Co and Renault SA, French President Emmanuel Macron said in an interview with Nikkei Asia published on Friday. “We should not politicise this question,” Macron told the publication in the interview conducted on Thursday. “This alliance is …
Nissan, Renault talks should not be politicised, Macron says Read More »
(Reuters) – European shares opened higher on Friday after two straight days of declines, as investors snapped up beaten-down miners, though gains were limited by hawkish comments from more U.S. Federal Reserve officials. The pan-European STOXX 600 index rose 0.4% by 0813 GMT, with basic resources stocks up 1.1% after falling more than 3% in …
European shares open higher as battered miners rise Read More »
MILAN (Reuters) – Italy’s second-largest lender UniCredit will give its staff in Germany a bonus of 2,500 euros ($2,594) to compensate for rising inflation, a copy of an internal memo seen by Reuters and confirmed by a spokesperson showed. Trainees will receive a bonus of up to 1,250 euros, depending on the time they worked …
UniCredit to give staff in Germany 2,500 euro tax-free bonus-memo Read More »
LONDON (Reuters) -Postal workers at Britain’s Royal Mail will strike for six days in the run-up to the busy Christmas period in a dispute over pay and conditions, their union said on Thursday. The workers will strike on Dec. 23 and 24, in addition to Dec. 9, 11, 14 and 15, the Communication Workers Union …
UK’s Royal Mail workers to strike in run-up to Christmas Read More »
By Rachel More BERLIN (Reuters) -Germany’s top four carmakers and parts supplier Bosch knowingly broke rules when developing a type of emissions software, an environmentalist group said on Thursday, in a years-long legal battle that could open the door for a new wave of lawsuits. Audi, Volkswagen, Daimler – now Mercedes-Benz – and BMW commissioned …
Environmental group alleges carmakers, Bosch deliberately manipulated emissions Read More »
By Huw Jones LONDON (Reuters) – European Union states edged closer on Thursday to ditching a proposed ban on brokers earning fees in return for directing stock trades to specific trading platforms. Payment for order flow (PFOF) drew scrutiny last year when an army of retail investors flocked to ‘meme stocks’ on Wall Street, using …
EU wrestles with Payment for Order Flow share trading rules Read More »
LISBON (Reuters) – Portugal plans to introduce high-speed trains and a third crossing over the Tagus river in the Lisbon region in a redesign of its national railway system, Infrastructure Minister Pedro Nuno Santos said on Thursday. Santos said in a national presentation the plan would make the country’s rail infrastructure more modern and environmentally …
Portugal to launch high-speed trains in rail redesign -minister Read More »
By Paul Carrel GENEVA (Reuters) – The Swiss National Bank will raise interest rates further if it sees inflation projections above its target level, SNB governing board member Andrea Maechler said on Thursday. The SNB appears to be preparing for further interest rate hikes after already raising rates twice this year to 0.5%. Although Swiss …
SNB’s Maechler: Rates will be raised if inflation forecast above target Read More »
