By Andrea Mandala ROME (Reuters) -Banco BPM Chief Executive Giuseppe Castagna said on Thursday that a merger with the Italian arm of France’s Credit Agricole was the “clearest opportunity” for his bank, but there were others, such as a deal with Monte dei Paschi. “They have an important bank in Italy, which is Credit Agricole …
Banco BPM CEO says merger with Credit Agricole Italia would be good for Italy Read More »
ROME (Reuters) -The Italian Adriatic port of Ravenna on Thursday refused entry to two trucks said to be carrying arms to Israel, as protests mount among Italian dockworkers and other labour groups against the offensive in Gaza. The centre-left mayor of Ravenna, Alessandro Barattoni, told reporters the port authority had accepted the request from him …
Italian port blocks arms for Israel as worker protests mount Read More »
By Julia Payne BRUSSELS (Reuters) – The European Commission is discussing a proposal to bring forward a ban on Russian liquefied natural gas in a new package of sanctions against Moscow over its invasion of Ukraine, an EU official said. The new push follows a call between European Commission chief Ursula von der Leyen and …
EU looks to accelerate ban on Russian LNG in new sanctions package, official says Read More »
By David Milliken and Suban Abdulla LONDON (Reuters) – The Bank of England slowed the pace of its programme to run down its government bond stockpile on Thursday and skewed sales away from long-dated debt in a bid to minimise the impact on volatile gilt markets. The central bank kept its main interest rate on …
Bank of England slows pace of bond rundown, keeps rates steady Read More »
(Reuters) – Belgian chemicals group Solvay said on Thursday it plans to cut 140 jobs across two sites as it consolidates its German footprint. The group added it will allocate 25 million euros ($29.44 million) in restructuring expenses and strategic investments, mainly throughout 2026. “Solvay is taking measures to secure its long-term competitiveness in Germany,” …
Belgium’s Solvay to cut 140 jobs across two German sites Read More »
By Johann M Cherian and Tristan Veyet (Reuters) – European shares ended Thursday on a strong note in a chipmaker-driven rally, further powered by the resumption of the U.S. Federal Reserve’s policy‑easing cycle, while SIG slumped after a profit warning. The pan-European STOXX 600 ended 0.79% higher at 554.97 points, with the wider technology index …
Chip-led technology rally drive Europe’s STOXX 600 higher after Fed rate cut Read More »
BERLIN/DUESSELDORF/FRANKFURT (Reuters) -Germany’s economy ministry, which oversees ownership of former Gazprom unit SEFE, is open to the idea of combining all or parts of the business with bailed out peer Uniper, according to two people familiar with the matter. The deliberations around a partial tie-up come as Germany’s government – which owns both firms after …
German economy ministry open to idea of SEFE, Uniper tie-up, sources say Read More »
By Maggie Fick and Stine Jacobsen VIENNA (Reuters) – Novo Nordisk might be down but it’s not out of the weight-loss drug race. The Danish maker of blockbuster drug Wegovy has had a miserable year with stalling sales growth, profit warnings and a $400 billion share price plunge, but the company hit the right notes …
Wegovy-maker Novo Nordisk starts ‘fight back’ as investors return Read More »
By Anastasiia Kozlova (Reuters) – German chemicals group Evonik Industries on Thursday announced its Chief Financial Officer Maike Schuh would be leaving the company at her own request. “This appears a sudden resignation,” analysts from Jefferies said in a note. Shares of Evonik dropped 2.5% following the news. Evonik CEO Christian Kullmann will temporarily assume …
German chemicals firm Evonik’s CFO to leave, shares fall Read More »
(This story has been refiled to correct the name Permira throughout the story) By Amy-Jo Crowley and Milana Vinn LONDON (Reuters) – Advent International had been exploring a possible bid for British fund administrator JTC, according to two people familiar with the matter, potentially adding to a bidding war for the business. Advent in recent …
Advent recently explored offer for Britain’s JTC, sources say Read More »
