ZURICH (Reuters) – Swiss asset manager GAM Holding has returned the full value and more of a fund linked to shuttered supply chain finance firm Greensill, it told employees in an internal memo on Thursday. “GAM announced today that it had returned over 100% of value of the GAM Greensill Supply Chain Finance Fund to …
GAM returns full value of Greensill-linked fund to clients – memo Read More »
By John Revill ZURICH (Reuters) -ABB expects supply chain bottlenecks to ease during 2022, the Swiss engineering group said on Thursday, after shortages of semiconductors hurt its ability to deliver increasing orders during the fourth quarter. The maker of fast chargers for electric vehicles and industrial drives for factories reported a 21% jump in orders …
ABB expects supply bottlenecks to ease during course of 2022 Read More »
By Jesús Aguado MADRID (Reuters) -BBVA’s net profit rose 1.6% in the fourth quarter thanks to a strong performance in its biggest market Mexico though its capital ratio took a hit from a share buyback programme, the Spanish bank said on Thursday. Like its bigger Spanish rival Santander, BBVA has been expanding in emerging economies …
BBVA’s net profit boosted by Mexico though capital takes a hit Read More »
By Pushkala Aripaka and Priyanshi Mandhan (Reuters) – Britain’s competition watchdog on Thursday fined five firms a total of 35 million pounds ($47.5 million) for impeding competition in the supply of some anti-nausea pills to the state health service. The firms, which include Alliance Pharma and private-equity group Cinven, paid a competitor to cancel the …
Britain fines firms $47 million over price surge for NHS nausea pill Read More »
PARIS (Reuters) -France’s gas consumption rose by 6% in 2021, network operator GRTGaz said on Thursday, as western European countries aim to ensure they have enough supplies to cope with disruption to supply caused by tensions over Ukraine. Gas network operator GRTGaz said French gas consumption levels had risen by 6% to 474 terawatt hours …
LONDON (Reuters) – The number of people going out to restaurants in Britain jumped last week after the lifting of coronavirus-related restrictions in England, and there were also increases in spending on credit and debit cards and in visits to shops, data showed on Thursday. Online restaurant bookings via OpenTable in the week to Jan. …
UK diners head back out, shoppers rise too after COVID rules eased Read More »
By Yadarisa Shabong (Reuters) – Britain’s Playtech said on Thursday its second largest shareholder could make a takeover approach for the gambling software firm after its proposed $2.8 billion buyout by Australia’s Aristocrat Leisure fell through. Playtech said it has agreed to a request from TTB Partners to release it from UK takeover rules that …
Britain’s Playtech expects shareholder offer after Aristocrat bid collapse Read More »
BRUSSELS (Reuters) – European Commission Vice-President Maros Sefcovic will tell British Foreign Minister Liz Truss on Thursday that border checks on agri-food products from Britain to Northern Ireland are an essential part of their Brexit divorce deal. The Commission described the decision by Northern Ireland’s agriculture minister to halt such checks as “unhelpful”, creating uncertainty …
EU to remind Britain that N.Ireland border checks are required Read More »
LONDON (Reuters) – Euro zone economic growth lost more momentum in January as the bloc’s dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant, a survey showed. Some governments in the currency union have been encouraging citizens to stay at home to try and stop the more virulent …
Euro zone business growth lost more momentum in Jan as Omicron hit demand Read More »
HELSINKI (Reuters) – Nokia on Thursday restarted its quarterly dividend and initiated a share buyback programme after reporting fourth-quarter comparable operating earnings above markets estimates as the Finnish telecoms equipment maker kept costs in check. The company also forecast annual revenue largely ahead of projections and set a long-term target for operating margins of at …
Nokia resumes dividend, share buybacks as turnaround gathers pace Read More »
