MILAN (Reuters) -Shares in Atlantia rose more than 5% on Thursday after Italy’s Benetton family and U.S. investment fund Blackstone tabled their offer to buy out investors in the airport and motorway operator and take it private. The offer’s price of 23 euros a share represents a premium of 36.3% over the Atlantia’s share price …
Analysts see price of “gargantuan” buyout offer for Atlantia as fair Read More »
By Lucy Raitano LONDON (Reuters) – London’s financial job market continued its post-pandemic growth spurt in the first quarter of 2022, showing resilience despite rising geopolitical tensions and soaring inflation. Jobs available in the first quarter of the year increased 73% compared with the same period of 2021, according to recruitment consultancy Morgan McKinley. Its …
London financial vacancies continue post-pandemic climb – survey Read More »
By Sohini Podder and Carolina Mandl (Reuters) – BlackRock Inc showed assets under management back below $10 trillion, hurt by the market rout in the first quarter, and cautioned that fees could come under pressure over the rest of the year because of volatile markets. Still, BlackRock posted a better-than-expected quarterly profit as the world’s …
BlackRock assets just under $10 trln, warns fees may suffer Read More »
By Miguel Lo Bianco and Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s monthly inflation rate soared to 6.7% in March, the government said on Wednesday, far above forecasts and the highest level in two decades as spiraling food and fuel prices dent the value of salaries and savings. The INDEC statistics agency said the annual inflation …
Argentina inflation surges to decades-high in March, sapping spending power Read More »
By Giulio Piovaccari and Gilles Guillaume (Reuters) -Stellantis Chief Executive Carlos Tavares on Wednesday took a bullish stance on the U.S. market despite rising fears of a downturn, as the carmaker’s shareholders voted against the 2021 compensation package for top executives. Speaking at the carmaker’s annual shareholders’ meeting, Tavares said Stellantis was confirming its forecast …
Stellantis CEO upbeat on U.S. as shareholders vote against pay package Read More »
MILAN (Reuters) -Italian coffee maker Lavazza said on Wednesday it expected a difficult 2022 due to raw material price rises after reporting a strong increase in profits for 2021. The family-owned company said it had decided to suspend all its activities in Russia on March 10, adding it had also had to temporarily halt distribution …
Italian coffee maker Lavazza sees “challenging” 2022 after strong 2021 Read More »
LONDON (Reuters) – Britain said on Wednesday it had imposed new sanctions on 206 individuals in response to Russia’s invasion of Ukraine, including 178 who it said were involved in propping up Russian-backed breakaway regions of Ukraine. The Foreign Office said those slapped with asset freezes and travel bans included Alexander Ananchenko and Sergey Kozlov, …
UK sanctions Russian separatists in breakaway regions, Lukoil chief Read More »
By Elvira Pollina and Mathieu Rosemain MILAN (Reuters) -Iliad is considering buying into Telecom Italia’s (TIM) domestic consumer services operations as part of the French phone group’s push to strengthen its Italian business, two sources familiar with the matter said. Iliad is weighing the investment as TIM works on a turnaround plan centred around a …
France’s Iliad eyes Telecom Italia’s consumer services unit – sources Read More »
By Devik Jain (Reuters) -UK midcaps slipped on Wednesday after data showed annual inflation last month rose to a three-decade high, intensifying a cost-of-living squeeze faced by households and hit to the profits of supermarket companies like Tesco. The domestically focused FTSE 250 index ended 0.1% lower, extending its year-to-date loss to 10.7% on concerns …
UK midcaps slip as inflation hits 3-decade high; Tesco slides Read More »
By Joice Alves LONDON (Reuters) – Sterling dropped on Wednesday to its lowest level against the U.S. dollar since November 2020 as British consumer price inflation leapt to its highest level in three decades. Raising doubts on how aggressive the Bank of England tightening measures will be, British consumer prices jumped to an annual rate …
Sterling drops to lowest since Nov 2020 after UK inflation data Read More »
