Reuters UK Business Archives - Page 2875 of 3179

Call centre operator Majorel breaks off talks over takeover by Sitel Group

19 Sep 2022 19 Sep 2022

AMSTERDAM (Reuters) – Call center operator Majorel on Monday said it had halted talks over its takeover by privately-held IT services company Sitel Group. “Alignment could not be reached on the final structure of the transaction against the background of the current macro environment,” Majorel said. Sitel in June said it had reached a preliminary …

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Fossil fuel registry launched to help spot ‘stranded assets’

19 Sep 2022 19 Sep 2022

By Shadia Nasralla and Simon Jessop LONDON (Reuters) – Carbon Tracker and Global Energy Monitor said on Monday they had launched the first global registry of oil and gas reserves, production and emissions with data for more than 50,000 fields. The database makes previously disparate or hard-to-access data publicly available, including to investors attempting to …

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Investors mixed as Porsche seeks price tag of up to $75 billion

19 Sep 2022 19 Sep 2022

By Victoria Waldersee BERLIN (Reuters) – Volkswagen shares hovered around breakeven on Monday, reflecting a mixed response from investors to the automaker’s listing plans for sports car brand Porsche AG in what could be Europe’s third biggest initial public offering. Volkswagen said on Sunday it was aiming for a valuation of 70 billion-75 billion euros …

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Credit Suisse Brazil lays off some wealth management staff

19 Sep 2022 19 Sep 2022

By Tatiana Bautzer SAO PAULO (Reuters) – Credit Suisse Brazilian unit has reduced the size of its wealth management division, the bank said in a statement on Monday. One source with knowledge of the matter said the bank has dismissed 21 employees last week. In a statement, Credit Suisse said its wealth management operations in …

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BNY Mellon, Warburg Group, Deutsche Bank to pay $60 million in ‘cum-ex’ case

19 Sep 2022 19 Sep 2022

(Reuters) -Bank of New York Mellon Corp, Germany’s Warburg Group and Deutsche Bank will pay 60 million euros ($59.85 million) to German tax authorities over the country’s “cum-ex” tax scandal, the German lender said on Monday. “Cum-ex” refers to a scheme under which banks and investors would swiftly trade shares of companies around their dividend …

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Hungary government submits first anti-graft bill to avoid losing EU funds

19 Sep 2022 19 Sep 2022

By Krisztina Than BUDAPEST (Reuters) -Hungary’s government has submitted the first of several anti-corruption bills to parliament on Monday as Budapest scrambles to avoid losing billions of euros in European Union funding. The European Union executive recommended on Sunday suspending funds worth 7.5 billion euros ($7.48 billion) for what it sees as Hungary’s failure to …

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Russia’s Gazprom to replace sterling-denominated bond

19 Sep 2022 19 Sep 2022

MOSCOW (Reuters) – Gazprom said on Monday its subsidiary Gazprom Capital will issue new rouble-denominated bonds to replace a sterling-denominated issuance worth 850 million pounds ($970.02 million) due in 2024. The original Eurobond was placed in 2017 and carried a coupon of 4.25%. The bond last traded at 51 pence per pound with a yield …

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Uber says Lapsus$-linked hacker responsible for breach

19 Sep 2022 19 Sep 2022

(Reuters) -Uber Technologies Inc said on Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that forced the ride-hailing company to shut several internal communications temporarily last week. Uber said the attacker had not accessed any user accounts and the databases that store sensitive user information such as credit …

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Turkey’s Denizbank says it’s unable to provide service in Russia’s Mir system

19 Sep 2022 19 Sep 2022

ISTANBUL (Reuters) – Turkish lender Denizbank said on Monday it was not able to provide service in the Russian payments system Mir, becoming the second lender to suspend such business after a U.S. crackdown on those accused of helping Moscow skirt sanctions. “We are currenly unable to provide service,” a bank spokesperson said when asked …

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Spain’s Santander hires law firm to probe bankers’ strip club visit, FT says

19 Sep 2022 19 Sep 2022

MADRID (Reuters) – Spain’s Santander hired a law firm to investigate a whistleblower report that a group of bankers visited a strip club after a day of company meetings and pressured younger employees to join, the Financial Times reported on Monday. The incident took place in February after the bank’s global debt capital markets team …

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