By Kate Abnett and Sabine Siebold BRUSSELS (Reuters) -The European Union is talking to the United States and other suppliers about boosting gas deliveries to Europe amid concern over supply from Russia, EU Commission President Ursula von der Leyen said. “We are building a partnership for energy security with the United States, which is primarily …
EU talks with other suppliers amid concern over Russian gas flows Read More »
MILAN (Reuters) – Stellantis halted production for one day on Monday at its Sevel plant in Italy, Europe’s largest van assembly facility, due to a shortage of engines supplied by a plant of the group in France, a union representative said. Sevel produces light commercial vehicles under the Fiat, Peugeot and Citroen brands. Fiat-branded vans …
Stellantis briefly halts van production in Italy due to engine shortage Read More »
By Tassilo Hummel and Gilles Guillaume PARIS (Reuters) -France’s Faurecia sealed its takeover of Germany’s Hella on Monday, creating the world’s seventh-largest automotive supplier, and upped its forecast for annual cost savings to at least 250 million euros from 200 million. Faurecia, which produces seating, electronics and other car interior components, also confirmed a 2025 …
Faurecia boosts savings forecast as it seals Hella deal Read More »
By Juliette Portala (Reuters) -Sky UK executive Lyssa McGowan will become the first female chief executive of Pets at Home, Britain’s largest pet supplies retailer said on Monday. McGowan, 44, who has spent the past 11 years at the British media conglomerate and most recently served as its chief consumer officer, will succeed Peter Pritchard …
UK’s Pets at Home picks Sky’s McGowan as first female CEO Read More »
LONDON (Reuters) -Danish pension fund AkademikerPension said on Monday it was selling its stake in budget airline Wizz Air over alleged “human and labour rights abuses” towards its workers. The $23 billion fund was one of 14 investors that called on Wizz in December to allow employees to form and join trade unions, saying their …
Danish pension fund ditches Wizz Air over labour rights Read More »
BERLIN (Reuters) – Germany’s cartel office said on Monday that it had cleared plans filed by Swedish financial investor EQT and the TeamBank credit cooperative to acquire German private credit bureau Schufa. The office said in January that it was reviewing EQT’s plan to acquire 100% of Schufa, as well as TeamBank’s plans to acquire …
German cartel office says it cleared takeover plans for Schufa credit agency Read More »
By Aby Jose Koilparambil and Yadarisa Shabong (Reuters) -British homebuilder Taylor Wimpey on Monday named insider Jennie Daly as its next chief executive, weeks after activist shareholder Elliott criticised its strategy and called for the appointment of an outsider to the role. Daly, 51, who will become one of only a handful of female CEOs …
British homebuilder Taylor Wimpey picks insider Daly as CEO Read More »
MILAN (Reuters) – The books for the initial public offering of Italian microelectronics company Technoprobe, including the greenshoe option, are fully covered, a note from one of the bookrunners showed on Monday. The company, one of the world largest manufacturers of so-called probe cards used for testing non-memory chips, said last week it would price …
Technoprobe IPO books covered on full deal size – bookrunner Read More »
By Sruthi Shankar (Reuters) – Britain’s main equity index rose on Monday, led by banking stocks, as investors continued to bet on rising interest rates globally, while stronger commodity prices lifted mining shares. The blue-chip FTSE 100 index rose 0.3%, with global miners Anglo American and Rio Tinto providing the biggest boost, as aluminium prices …
Banks, miners help FTSE 100 extend last week’s gains Read More »
BERLIN (Reuters) – Investor morale in the euro zone rose in February as the economic situation around the world has stabilised compared to January, though a lack of impetus from the international economy is preventing more improvement, a survey showed on Monday. Sentix’s index for the euro zone increased to 16.6 from 14.9 in the …
