MILAN (Reuters) – Italy’s Benetton family will change the name of the investment vehicle bidding to take control of Italian infrastructure group Atlantia after protests on behalf of the victims of the 2018 Genoa bridge disaster. The Benettons have teamed up with Blackstone to buy full control of Atlantia and in official documentation called the …
Benettons change name of Atlantia bid vehicle after Genoa backlash Read More »
(Reuters) -Philip Morris International Inc is in talks to buy rival Swedish Match AB, the companies said on Monday, as the Marlboro maker looks to expand its smoke-free options amid rising global scrutiny on the sale of traditional cigarettes. The talks between the companies were in progress, but it was uncertain whether an offer will …
Philip Morris in talks to buy smaller rival Swedish Match Read More »
By Bansari Mayur Kamdar (Reuters) -UK shares ended lower on Monday, as tightening lockdowns in China added to investors’ concerns about a recession amid the Bank of England’s dour economic outlook last week. The commodity-heavy FTSE 100 index fell 2.3% to record its lowest closing since March 16, with miners and oil majors Shell, BP …
London stocks slide as China growth concerns dent global risk appetite Read More »
By Belén Carreño and Gavin Jones MADRID/ROME (Reuters) – For decades, a cash-filled envelope – or “sobre” – was how hundreds of thousands of Spaniards working without legal contracts in tourism, agriculture or construction collected their salaries. COVID-19, however, may finally be putting paid to the “sobre”, economic data and workers’ experiences suggest – accelerating …
Pandemic pushes Spanish workers out of the shadows Read More »
By Aby Jose Koilparambil (Reuters) – British real estate website Rightmove Plc said on Monday Peter Brooks-Johnson, its chief executive officer of five years, would leave the company next year, sending its shares nearly 6% lower. Under Brooks-Johnson’s leadership, London-based Rightmove cemented its dominant position in the market, offering steep discounts to agency and new-home …
(Reuters) – The European Union should consider seizing frozen Russian foreign exchange reserves to help pay for the cost of rebuilding Ukraine after the war, the bloc’s foreign policy chief, Josep Borrell, said in an interview with the Financial Times. The EU and its western allies have put curbs on the Russian central bank’s international …
EU should seize Russian reserves to rebuild Ukraine, Borrell says -FT Read More »
(Reuters) – Spain’s natural gas imports in March rose 16% from a year earlier, driven by more purchases of seaborne liquefied natural gas (LNG), government data showed on Monday. Spain imported the equivalent to 37,582 gigawatt hours (GWh) of natural gas in March, the data from Cores, an arm of the Energy and Environment Ministry, …
Spain’s gas imports rise 16% driven by seaborne LNG purchases Read More »
DUBLIN (Reuters) – Airlines have been warned that the days of abnormally cheap financing costs are over, pointing to higher lease rates amid changes in the way risk is managed after the war in Ukraine. New money has poured into aviation over the past decade as investors sought refuge from low bond rates in the …
Cheap financing bonanza over, leasing boss tells airlines Read More »
GDANSK (Reuters) – Citigroup’s Polish unit, Bank Handlowy, postponed the sale of its retail segment due to the current geopolitical situation, its chief executive Elzbieta Czetwertynska said on Monday. Czetwertynska said that on a recent visit to Poland on April 20, Citigroup CEO, Jane Fraser, confirmed that bank’s retail business in Poland is still up …
Poland’s Citi Handlowy postpones sale of its retail business Read More »
(Reuters) -European shares hit two-month lows on Monday, led by miners as investors fretted over a sharp economic slowdown in China due to prolonged COVID-19 curbs, while surging bond yields kept technology stocks under pressure. The pan-European STOXX 600 index dropped 1.2% to touch its lowest since March 10. Miners fell 2.8% as Chinese iron …
European stocks hit 2-month lows on mining, tech losses Read More »
