Reuters UK Business Archives - Page 3135 of 3179

Kuwait’s NAS says rejected bid for UK’s John Menzies ‘full and fair’

14 Feb 2022 14 Feb 2022

(Reuters) – Kuwait-based National Aviation Services (NAS) said on Monday a 469 million pound ($635 million) takeover proposal rejected by John Menzies represented a “full and fair value” for the British airport services group. The statement from NAS, a unit of Kuwait’s Agility Public Warehousing Co, comes days after John Menzies turned down the proposal, …

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Spain’s BBVA buys additional 21.7% stake in Neon Payments for $300 million

14 Feb 2022 14 Feb 2022

MADRID (Reuters) – Spain’s BBVA on Monday said it agreed to buy an additional 21.7% stake in Neon Payments for around $300 million after taking part in a share capital increase. After completing the subscription, BBVA will hold direct and indirectly around 29.7% of Neon Payments, which is headquartered in the United Kingdom and owns …

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No sign of light at end of tunnel for Credit Suisse investors

14 Feb 2022 14 Feb 2022

(This story fixes reference to last week in paragraph six) By John O’Donnell and Brenna Hughes Neghaiwi FRANKFURT (Reuters) – Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped billions off its market value and piled pressure on management. While …

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Commerzbank shares fall after finance minister says govt to shed stake in future

14 Feb 2022 14 Feb 2022

BERLIN (Reuters) – Shares in Commerzbank fell 5% in Lang & Schwarz pre-market trade on Monday after Germany’s Finance Minister said the government would not keep its stake in the lender in the long run. “In the long run, the state will not be a shareholder in Commerzbank,” Christian Lindner was quoted as saying by …

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Factbox-The assets ITA Airways can offer suitors

14 Feb 2022 14 Feb 2022

MILAN (Reuters) – Shipping group MSC and airline Lufthansa are interested in buying a majority stake in Alitalia’s successor, ITA Airways, despite the airline’s history of failed privatisations and 170 million euro ($194 million) operating loss in 2021. The Italian government has spent an estimated 10 billion euros ($11.4 billion) of taxpayers’ money on Alitalia …

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BoE to raise rates again in March, inflation to peak soon after

14 Feb 2022 14 Feb 2022

By Swathi Nair BENGALURU (Reuters) – The Bank of England will raise interest rates faster than previously thought to tame surging inflation, according to economists polled by Reuters who significantly upgraded their forecasts for consumer price rises. A near 30-year high inflation rate in December pressured Britain’s central bank to raise rates for a second …

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UK employers plan biggest pay rises in nearly 10 years – CIPD

14 Feb 2022 14 Feb 2022

By William Schomberg LONDON (Reuters) – British employers expect to raise staff pay by the most in at least nine years but the 3% wage deals for workers would still be below fast-rising inflation, according to a survey published on Monday. With the Bank of England fearing a wage-price spiral from Britain’s tight labour market, …

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Saudi Arabia transfers Aramco shares worth $80 billion to state fund

13 Feb 2022 13 Feb 2022

By Hadeel Al Sayegh and Moataz Mohamed DUBAI (Reuters) -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth fund, the government said on Sunday. The shares will bolster the Public Investment Fund’s (PIF) strong financial position and high credit ratings in the …

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Takeaway.com CEO: U.S. delisting does not indicate plan to sell Grubhub

13 Feb 2022 13 Feb 2022

AMSTERDAM (Reuters) – Just Eat Takeaway.com CEO Jitse Groen said on Sunday the company’s decision to de-list its shares from the Nasdaq stock exchange should not be taken as an indication of plans to sell its Grubhub subsidiary. The company announced its intention to delist its U.S. shares on Tuesday. Shares of the Amsterdam-based company …

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Deal on Stellantis battery plant will be signed in days, Italian minister says

13 Feb 2022 13 Feb 2022

MILAN (Reuters) – An agreement between the Rome government and Stellantis for the carmaker’s planned battery plant in Termoli, southern Italy, will be signed shortly, Industry Minister Giancarlo Giorgetti was quoted as saying on Sunday. “We are very close to signing the agreement for the gigafactory in Termoli where Stellantis will make batteries. It’s a …

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