(Reuters) -British lender Shawbrook is preparing to kick off its long-awaited initial public offering within days, the Financial Times reported on Wednesday. Shawbrook’s IPO will be a boost to the UK’s capital markets, as a growing number of companies have either shelved plans to list in London, exited the market altogether, or aimed to better …
UK bank Shawbrook prepares to launch IPO within days, FT reports Read More »
(Reuters) -Aircraft component maker TransDigm Group on Wednesday said Kevin Stein will retire as chief executive officer and be succeeded by Mike Lisman, the current co-chief operating officer. Stein will continue to serve as an advisor to the company through March 31, 2026, to help facilitate the leadership transition, the company said. Lisman joined TransDigm …
By Echo Wang (Reuters) -Meta Platforms said on Wednesday it would begin using people’s interactions with its generative AI tools to personalize content and advertising across its apps such as Facebook and Instagram starting on December 16. Users will be notified of the changes from October 7 and they will not have an option to …
Meta to use AI chats to personalize content and ads from December Read More »
(Reuters) -Biotechnology firm Galapagos’ board has received non-binding offers from several groups, mainly comprised of financial investors, for its cell therapy business, which it began mulling options for in May, the Amsterdam-listed group said on Wednesday. The company said its board will evaluate options, including a sale or divestment of its cell therapy business, depending …
Biotechnology firm Galapagos receives offers for cell therapy business Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Wall Street and world stocks rose on Wednesday, reversing early losses on worries over the U.S. government shutdown, as soft private sector U.S. employment data bolstered expectations of further monetary easing from the Federal …
By Renee Maltezou ATHENS (Reuters) -Greek trains, ferries and taxis were halted on Wednesday as thousands of workers, including teachers and seafarers, marched to parliament in Athens in a one-day general strike against labour reforms and a government plan to allow employers to extend working hours. The action was organised by Greece’s largest private and …
Greek ferries and trains halted as thousands protest over working hours Read More »
(Reuters) -British private equity firm 3i Group is considering divesting its assets, including French information technology maintenance provider Evernex, Bloomberg News reported on Wednesday, citing people familiar with the matter. The potential sale of Evernex, which is being arranged with Bank of America, could value the business at 1.2 billion to 1.5 billion euros ($1.41 …
By Andrew Gray and Jan Strupczewski COPENHAGEN (Reuters) -European leaders expressed broad support on Wednesday for the idea of using Russian assets frozen in the West to provide a 140 billion euro loan to Ukraine but will discuss it further in three weeks to try and sort out legal aspects of the operation. Since U.S. …
EU mulls using frozen Russian assets for loan to Ukraine, wary of legal issues Read More »
By Alun John, Danilo Masoni, Dimitri Rhodes and Maggie Fick LONDON (Reuters) -European and U.S. healthcare stocks surged on Wednesday, propelled by a deal between Pfizer and President Donald Trump to lower prescription drug prices in the Medicaid programme in exchange for tariff relief. The agreement, seen as less punishing than some within the industry …
US Pfizer deal powers health stocks as drugmakers court Trump Read More »
By Nell Mackenzie LONDON (Reuters) -Billionaire investor Cliff Asness’s AQR Capital Management finished the third quarter with positive returns in several of its funds, a person familiar with the matter said on Wednesday. The $165 billion hedge fund gained 4.0% in September in its flagship multi-strategy fund, Apex Strategy, which has generated a 15.6% return …
Billionaire Asness’ AQR’s multi-strategy fund surges 15.6% so far in 2025, source says Read More »
