-Insurer Swiss Life posted a lower first half net profit on Wednesday, mainly as a result of 36 million Swiss francs ($45 million) in higher tax expenses. Switzerland’s largest life insurance provider and a major owner of real estate in Europe said its net profit was 602 million Swiss francs in the first six months …
A look at the day ahead in European and global markets from Rocky Swift A day after U.S. President Donald Trump re-emerged in the Oval Office to dispel rumours about his health, Chinese President Xi Jinping made a defiant show of strength at his nation’s largest ever military parade. Trump returned from days of public …
Morning Bid: Bond markets rattle as Xi’s tanks roll Read More »
DUBLIN (Reuters) -Ireland’s service sector posted its weakest growth in 19 months in August as employment and outstanding business contracted while input costs increased, a survey showed on Wednesday. The AIB Global S&P Purchasing Managers’ Index (PMI) slipped to 50.6 in August from 50.9 in July but held above the 50 level that indicates growth. …
Irish service sector growth falls to 19-month low in August, PMI shows Read More »
PARIS (Reuters) -French pay-TV company Canal + said on Tuesday that it was in exclusive negotiations to buy a 34% stake in UGC, one of the largest cinema chains in France, for an undisclosed amount. Following the acquisition, Canal + will have an option to take full control of UGC from 2028, the statement said. …
Canal + in exclusive talks to buy minority stake in cinema chain UGC Read More »
By Manya Saini and Pritam Biswas (Reuters) -A slew of companies across sectors ranging from crypto to consumer launched U.S. IPO roadshows on Tuesday, kicking off the post-Labor Day fall window as investor anxiety over U.S. President Donald Trump’s tariffs started to recede. Analysts say the window through mid-October will be crucial, with several high-profile …
US IPO floodgates open for fall season as Trump tariff worries ease Read More »
By Padmanabhan Ananthan and Christy Santhosh (Reuters) -Arrowhead Pharmaceuticals will get up to $2 billion from Swiss pharma major Novartis for an exclusive worldwide license to the U.S. drugmaker’s experimental therapy that targets neuromuscular conditions such as Parkinson’s. Shares of Arrowhead, which has also partnered with Sanofi and GSK, rose about 10.4% in morning trading …
Arrowhead, Novartis in up to $2 billion deal for neuromuscular therapy license Read More »
By Savyata Mishra (Reuters) -Kraft Heinz will split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a packaged goods giant that never achieved the growth expected when it was formed a decade ago. The spinoff, which is expected to close in the second half …
Kraft Heinz splits, unwinding disappointing merger Read More »
(Reuters) -OpenAI said on Tuesday it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion based on OpenAI’s current valuation of $300 billion. The ChatGPT maker will also appoint Statsig’s chief executive officer, Vijaye Raji, as OpenAI’s tech chief of applications, in a push to build on its …
OpenAI to acquire product testing startup Statsig, appoints CTO of applications Read More »
OTTAWA (Reuters) -The premier of Ontario on Tuesday said he would “hurt” Diageo after the world’s largest spirits maker announced plans to close a facility in Canada’s most populous province, which buys the company’s products to sell in its liquor stores. Diageo said last week that it would shut its Crown Royal whisky bottling plant …
Ontario premier vows to ‘hurt’ Diageo sales over plant closure plan Read More »
By Maria Rugamer (Reuters) -Broadwood Partners, the largest shareholder in medical technology company STAAR Surgical, intends to vote against Alcon’s proposed acquisition of the company, it said on Tuesday. Broadwood said that the Swiss eye care group’s offer did not reflect STAAR’s recent financial improvements. Alcon said in early August that the boards of both …
STAAR shareholder Broadwood says it opposes Alcon’s proposed takeover Read More »
