By Gianluca Lo Nostro and Leo Marchandon Dec 11 (Reuters) – France’s Schneider Electric plans a share repurchase programme of up to 3.5 billion euros ($4.1 billion) through 2030, its first in nearly three years, and aims to increase its adjusted core profit margin in the same period, it said on Thursday. In a statement …
Schneider Electric unveils $4 billion share buyback, pumps up margin forecast Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Dec 11 (Reuters) – Thyssenkrupp’s steel unit said it will temporarily shut down production of electrical steel in Europe, a key material used in wind turbines and power grids, blaming cheap imports from Asia that it warns are putting an additional 1,200 jobs at risk. The move, previously …
ABU DHABI, Dec 11 (Reuters) – Free trade talks between the United Arab Emirates and the European Union are advancing rapidly, UAE state minister Lana Nusseibeh said on Thursday at a briefing with an EU commissioner. The EU and the UAE launched the talks earlier this year, focusing on trade in goods, services, investment and …
UAE-EU free trade talks advancing rapidly, UAE state minister says Read More »
Dec 11 (Reuters) – Britain’s Entain on Thursday said Rob Wood will step down from his roles as finance chief and deputy CEO after 13 years with the gambling firm and be replaced by International Distribution Services (IDS) executive Michael Snape next year. Snape, currently the group CFO at IDS, recently led its de-listing and …
Ladbrokes owner Entain says CFO Rob Wood to step down, IDS’s Snape to take over Read More »
Dec 11 (Reuters) – Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank (EIB). The first 500-million-euro slice will be used to support research and development and high-volume chip manufacturing in Italy and France, the company said in a statement. “About 60% of …
STMicroelectronics opens new 1-billion-euro credit line with EIB Read More »
MILAN, Dec 11 (Reuters) – Italian payment network Bancomat is working with the country’s main lenders and the economy ministry to launch a euro-pegged stablecoin that will be open to other issuers, Chief Executive Fabrizio Burlando said. Burlando, a former Mastercard executive, took over as CEO in June 2024, after private equity fund FSI injected …
Italy’s Bancomat plans euro-pegged stablecoin to boost digital payments Read More »
Dec 11 (Reuters) – UBS Fund Management has acquired 10.3% of the voting rights in packaging company SIG Group, the Swiss stock exchange operator SIX said on Thursday. The SMIM index-listed company in November appointed a new chief executive with Mikko Keto after having issued a profit warning in September that had sent shares tumbling …
UBS Fund Management acquires 10% voting rights in SIG Group Read More »
By Amanda Cooper LONDON, Dec 11 (Reuters) – Nearly half of UK businesses surveyed by FX and cash management solutions provider MillTech say that they have lost money due to a volatile pound and plan to hedge more of their currency risk, and for longer, a report released on Thursday showed. The report surveyed over …
Many UK firms say volatile pound triggered losses in 2025, need to hedge grows Read More »
MOSCOW, Dec 11 (Reuters) – U.S. President Donald Trump’s plan for peace in Ukraine includes proposals to restore Russian energy flows to Europe, major U.S. investment in Russian rare earths and energy, and tapping frozen Russian sovereign assets, the Wall Street Journal said. The newspaper said the plans were detailed in appendices to peace proposals …
A look at the day ahead in European and global markets from Ankur Banerjee Whisper it quietly, but worries around a tech bubble might just resurface after Oracle earnings disappointed investors even as AI spending shows no signs of easing, underscoring the challenge the sector faces in turning spending into profits. That means relief the …
Morning Bid: Oracle brings reality check after Fed-inspired rally Read More »
