BERLIN (Reuters) – Deutsche Telekom elected Frank Appel, who is chief executive of Deutsche Post AG, as chairman of its supervisory board on Thursday, the company said in a statement. Appel will remain in his position at Deutsche Post until May 2023, but will begin passing on some of his duties there from this summer …
Deutsche Telekom elects Deutsche Post CEO as chair of supervisory board Read More »
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) turned its back on a takeover approach from KKR on Thursday when it refused to grant the U.S. fund access to its books because it had not confirmed bid terms. KKR first approached TIM last November with a non-binding offer valuing the company at 10.8 billion euros …
Telecom Italia draws line under KKR bid approach Read More »
By Sruthi Shankar (Reuters) – Britain’s FTSE 100 slid on Thursday, weighed down by oil major Shell after it flagged a bigger writedown following its decision to exit Russia, while a jump in shares of gambling firm 888 Holdings helped limit some losses on the midcap index. The blue-chip index closed 0.5% lower, with Shell …
Shell drags FTSE 100 lower on bigger Russia writedown Read More »
By Paul Sandle LONDON (Reuters) – Britain’s Co-operative Group warned of “stark” economic headwinds, with rising inflation causing more challenges for the supermarkets-to-funerals provider this year after supply-chain disruptions hurt its profit in 2021. The member-owned group had to battle industry-wide supply-chain problems in the second half of 2021 as it was upgrading systems in …
UK’s Co-op warns of ‘stark’ headwinds after supply-chain woes Read More »
By Kate Holton and William James LONDON (Reuters) -British finance minister Rishi Sunak faced awkward questions about his wife’s finances on Thursday after she confirmed she did not pay UK taxes on her foreign earnings on the same day he hiked taxes for millions of people. Sunak, a former banker, is married to Akshata Murthy, …
UK’s Sunak faces questions over wife’s UK tax status Read More »
MILAN (Reuters) -Shares in Atlantia jumped almost 12% to their highest levels in over two years after Global Infrastructure Partners and Brookfield Infrastructure pitched a possible takeover of the Italian road and airport operator. The funds have an agreement with ACS under which the Spanish construction company could acquire a majority stake in Atlantia’s toll …
Analysts’ view on looming bidding war for Atlantia Read More »
By Sinchita Mitra and Radhika Anilkumar (Reuters) -British online gambling firm 888 will pay a smaller price to buy William Hill’s international assets from U.S.-based owner Caesars Entertainment, the companies said on Thursday, citing changes in economic and regulatory conditions. Shares in London-listed 888 soared nearly 30% after the British company also said it would …
Online gambling firm 888 soars on deal to pay less for William Hill assets Read More »
BRUSSELS (Reuters) – Euro zone retail sales jumped slightly more than expected year-on-year in February with automotive fuel and non-food products driving the growth, data showed on Thursday. The European Union’s statistics office Eurostat said retail sales in the 19 countries sharing the euro rise 0.3% month-on-month in February for a 5.0% year-on-year increase. Economists …
Euro zone Feb retail sales jump y/y on petrol, non-food products Read More »
LONDON (Reuters) – Britain’s financial watchdog said on Thursday it will create 80 new roles to shut down problem companies faster as it faces pressure from lawmakers to tackle a rising volume of scams. The Financial Conduct Authority said a three-year business plan will focus on preventing serious harm to consumers, set higher standards and …
UK financial watchdog pledges to shut down problem firms faster Read More »
By Robin Emmott BRUSSELS (Reuters) -Ukraine will keep up demands for an oil and gas embargo on Russia after its invasion of the country, the Ukrainian foreign minister said on Thursday, as the EU promised a fifth round of sanctions by Friday. Dmytro Kuleba will address NATO’s 30 allies, as well as the European Union, …
Ukraine to press West for full energy embargo on Russia Read More »
