FRANKFURT (Reuters) – Daimler Truck, the world’s largest truckmaker that was spun off from Mercedes-Benz last year, will replace real estate group Alstria Office in Germany’s midcap index effective Feb. 11, Deutsche Boerse said. The change becomes effective since Alstria’s free float, one of the key criteria for index membership, has fallen below 10% as …
Daimler Truck to replace Alstria Office in MDAX from Feb 11 Read More »
By Tom Sims and Christoph Steitz FRANKFURT (Reuters) – Cerberus placed 15 million shares in Deutsche Bank, a term sheet from the investment bank running the sale showed on Tuesday, making it the second time within a month that the U.S. investment fund sold shares in Germany’s largest lender. The latest sale by Cerberus, which …
Cerberus places $242 million worth of Deutsche Bank shares Read More »
(Reuters) – France’s Orpea posted 2021 revenue that surpassed 4 billion euros ($4.56 billion), as the elderly care home operator faces government scrutiny following allegations of systemic mistreatment of its elderly residents. “I am fully aware of the concern, incomprehension and doubt felt by residents, patients and their families,” Chief Executive Philippe Charrier said in …
French care home group Orpea’s sales surpass 4 billion euros Read More »
PARIS (Reuters) -The European Central Bank will do everything necessary to steer inflation back to its 2% target over time, Bank of France Governor Francois Villeroy de Galhau said on Tuesday. Euro zone inflation rose to a record of 5.1% year-on-year in January, adding to doubts that price pressures are not as mild and temporary …
ECB will do what is needed to meet 2% inflation target -Villeroy Read More »
By Claudia Cristoferi and Andrea Mandala MILAN (Reuters) -Two activist investors in Generali are considering ending their accord to consult over decisions concerning Italy’s biggest insurer, two sources close to the matter said, after the agreement drew regulatory scrutiny. Europe’s third-largest insurer is at the centre of a shareholder battle that has cast doubt on …
Activist Generali investors mull ending pact – sources Read More »
By Andres Gonzalez and Pamela Barbaglia MADRID (Reuters) -European buyout firm EQT is working with advisers to prepare the sale of French water management firm Saur in a deal that could value France’s third-biggest water firm at about 3 billion euros ($3.43 billion), sources told Reuters. EQT has hired Rothschild to sound out prospective bidders …
Exclusive-EQT readies $3.4 billion sale of French water services firm Saur -sources Read More »
PARIS (Reuters) -A $600 million contractual and safety dispute between Airbus and Qatar Airways deepened on Tuesday when the European planemaker revoked orders for two A350-1000 jets, days after ripping up an order from the Gulf carrier for 50 A321neos. Qatar Airways has sued Airbus for more than $600 million and is refusing to take …
Airbus revokes more plane orders in Qatar dispute Read More »
By Shreyashi Sanyal and Sruthi Shankar (Reuters) -London stocks closed lower on Tuesday as an early bounce in energy major BP faded with sliding oil prices, while online supermarket Ocado tumbled following bleak earnings forecast. After gaining as much as 0.7% earlier in the session, the UK’s blue-chip FTSE 100 slipped 0.1%, and midcap stocks …
FTSE ends lower as falling oil takes shine off BP earnings Read More »
By Anisha Sircar and Ambar Warrick (Reuters) -European shares ended flat on Tuesday as rising bond yields pressured technology stocks, while a sharp fall in oil prices took the shine off strong earnings from oil company BP. The benchmark STOXX 600 closed largely unchanged. Technology stocks were among the weakest performers, down 0.9% as euro …
European shares close flat as tech losses overshadow strong BP results Read More »
FRANKFURT (Reuters) – Deutsche Bank Chief Executive Officer Christian Sewing on Tuesday said that the European Central Bank will need to raise interest rates to stem inflation expectations. Sewing, who has long been pushing for a change in ECB policy, said that inflation levels mean that the ECB “will have to follow suit” after the …
Deutsche Bank CEO says the ECB will have to raise rates to stem inflation Read More »
