OSLO (Reuters) -Switzerland-based security services company Verisure is targeting a valuation of up to 13.9 billion euros ($16.29 billion) in its planned initial public offering in Stockholm, it said on Monday. The company announced on September 17 that it aims to list on Nasdaq Sweden and raise 3.1 billion euros in what could be one …
Verisure IPO to value security services firm at up to $16 billion Read More »
LONDON (Reuters) -British finance minister Rachel Reeves said on Monday that she would like the country’s budget watchdog to provide just one full assessment of her fiscal plans a year rather than two as it would reduce policy uncertainty for businesses and households. “The International Monetary Fund have said that we should move to just …
UK’s Reeves says she wants only one full budget assessment a year Read More »
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, reports first half results on Thursday, with analysts anticipating an upgrade to full-year profit guidance on the back of strong spending on food over an unusually hot summer. Industry data published by Worldpanel by Numerator (formerly Kantar) earlier this month showed Tesco winning more market …
Tesco set to lift profit outlook after strong summer sales Read More »
By Suban Abdulla LONDON (Reuters) -Britain’s labour market is showing more signs of cooling and businesses remain negative about their prospects in the coming months, according to surveys published on Monday. Job search website Adzuna said online job adverts fell by 1.3% in the 12 months to August – the first such drop since February …
UK job postings fall, firms downbeat about outlook, surveys show Read More »
BELGRADE (Reuters) -U.S. sanctions on Serbia’s Russian-owned NIS oil company that were supposed to take effect on October 1 will be postponed for eight days, Tanjug news agency reported, quoting President Aleksandar Vucic. The U.S. Treasury’s Office of Foreign Assets Control initially placed sanctions on Russia’s oil sector on January 10, and gave Gazprom Neft …
By Olesya Astakhova and Ahmad Ghaddar MOSCOW/LONDON (Reuters) -OPEC+ will likely approve another oil production increase of at least 137,000 barrels per day at its meeting next Sunday, as rising oil prices encourage the group to try to further regain market share, three sources familiar with the talks said. OPEC+ has reversed its strategy of …
Exclusive-OPEC+ plans another oil output hike in November, sources say Read More »
ROME (Reuters) -Italy’s domestic banks should contribute some 5 billion euros ($5.85 billion) to the upcoming 2026 budget, the ruling coalition League party said in a statement. The proposal was based on windfall tax measures previously implemented in various European countries, said the League, which is headed by Deputy Prime Minister Matteo Salvini and includes …
Italy’s banks should contribute 5 billion euros to 2026 budget, League party says Read More »
LONDON (Reuters) -Britain will back Jaguar Land Rover with a 1.5 billion pound ($2 billion) loan guarantee to help support its supply chain in the wake of the luxury carmaker’s production shutdown following a cyberattack. Jaguar Land Rover’s shutdown has lasted nearly a month, and the government had been exploring options to support the company …
Britain pledges $2 billion loan guarantee for Jaguar Land Rover Read More »
LISBON (Reuters) -MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, is in exclusive talks on the purchase of a relevant stake in the Portuguese media group Impresa, Impresa said on Saturday. It said in a statement the Balseger holding company of Portuguese media tycoon Francisco Pinto Balsemao, which controls more than 50% of Impresa, …
Italian MFE in talks on possible purchase of stake in Portugal’s Impresa Read More »
ROME (Reuters) -Italy has received 10 bids for the former Ilva steel plant, but only two of the bidders are interested in purchasing all of the company’s assets, national steelmaker Acciaierie d’Italia said in a statement on Saturday. In a blow to the government, the two groups that were initially frontrunners for the tender, Azerbaijan’s …
Italy receives 10 bids for Ilva steel as major contenders withdraw Read More »
