Reuters UK Business

(Reuters) -British fashion retailer Ted Baker said on Monday it had launched a formal sale process, after private equity firm Sycamore improved its takeover proposal and another third party also showed interest in bidding for the company. Ted Baker shares jumped as much as 11% to 142.6 pence. The news comes a week after Ted …

UK fashion retailer Ted Baker puts itself up for sale as buyers show interest Read More »

BERLIN (Reuters) – Investor morale in the euro zone fell to its lowest level in nearly two years in April, a survey showed on Monday, pointing to the beginning of a recession in the second quarter of 2022. Sentix’s index for the euro zone fell to -18.0 in April from -7.0 the previous month, hitting …

Euro zone investor morale slumps to lowest level since July 2020 Read More »

By Graham Fahy DUBLIN (Reuters) -Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday as passenger numbers topped pre-pandemic levels for the first time ahead of the key Easter holiday period. Europe’s largest low-cost carrier said it now expects a net loss between 350 million euros and 400 million euros ($386 million …

Ryanair narrows full-year loss forecast, traffic tops pre-pandemic levels Read More »

ZURICH (Reuters) – Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be able to recover their money. Credit Suisse racked up a 1.6 billion Swiss franc ($1.73 billion) loss last year when it was hit by …

Credit Suisse says Greensill litigation may take five years Read More »

LONDON (Reuters) – Sterling gained versus the euro on Monday as traders continue to bet on a rapid pace of interest rate rises from the Bank of England. Investors will also be listening closely for any clues on that pace when BoE Governor Andrew Bailey and his deputy speak later on Monday. Against the euro, …

Sterling gains vs euro, focus on BoE policymaker speeches Read More »

PARIS (Reuters) – Carrefour, Europe’s largest food retailer, is joining forces with venture capital firm Daphni to invest in digital retail startups as part of a global plan to step up e-commerce expansion over the next four years, it said on Monday. Their new venture capital fund, Dastore, will initially invest 80 million euros ($88 …

Carrefour launches fund to invest in digital retail startups Read More »

By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP to start formal talks on potentially combining the phone group’s network with that of smaller broadband rival Open Fiber. The move comes as TIM boss Pietro Labriola presses ahead with a plan to revamp Italy’s biggest …

Telecom Italia, CDP start network talks as KKR bid falters Read More »

LONDON (Reuters) – Former retailing executive Ian Cheshire has been appointed the next chair of British broadcaster Channel 4, the public ownership of which is being reviewed by the government, regulator Ofcom said on Sunday. Cheshire, a former chief executive of retail group Kingfisher, will join the broadcaster’s board on April 11, succeeding interim chair …

Former retail executive Ian Cheshire appointed chair of UK’s Channel 4 Read More »