NEW YORK (Reuters) -Deutsche Bank hired Lisa McGeough as its head of the Americas region and CEO of its U.S. business, the company announced on Tuesday, after she left a similar role at HSBC months into the job. McGeough will start at Deutsche Bank in early 2026 and report to Fabrizio Campelli, the member of …
Deutsche Bank hires Lisa McGeough as Americas head from HSBC Read More »
(Reuters) -Elliott Investment Management disclosed a $4 billion stake in PepsiCo on Tuesday and said it planned to push for changes to drive up the beverage and snack maker’s stock price. Founded in 1977 by American Paul Elliott Singer, the hedge fund is recognized as one of the most outspoken activist investors, managing around $76.1 …
Factbox-Activist Elliott’s recent holdings and campaigns Read More »
By Paul Sandle LONDON (Reuters) -British fibre broadband network CityFibre’s founder Greg Mesch has stepped down as chief executive and has been succeeded by chief operating officer Simon Holden with immediate effect, the company said on Tuesday. Mesch, who has led the company since it was founded in 2011, has been appointed vice chairman, it …
CityFibre founder Mesch steps down, COO succeeds him as CEO Read More »
(Reuters) -Kraft Heinz said on Tuesday it will split its grocery and sauces businesses into two publicly traded companies, responding to sluggish consumer spending. The split, which is expected to close in the second half of 2026, unravels a decade-old merger that formed the packaged foods giant. Kraft Heinz also anticipates $300 million of “dis-synergies” …
Factbox-What we know about Kraft Heinz’s businesses after split Read More »
By Javi West Larrañaga and Mireia Merino (Reuters) -Spanish travel company eDreams ODIGEO has withdrawn and will continue to block listings of accommodation in illegal Israeli settlements in the occupied Palestinian territories, its chief financial officer said on Tuesday. David Elizaga told Reuters the company has always had a policy of not offering services in …
eDreams has blocked accommodation listings in Israeli-occupied West Bank Read More »
(Reuters) -Slovakia wants to normalise its relations with Moscow and is increasing imports of Russian gas through the TurkStream pipeline, Slovak Prime Minister Robert Fico told Russia’s President Vladimir Putin on Tuesday. The comments clashed with the position of the European Union, which is seeking to wean itself off Russian energy imports to punish Moscow …
Slovakia wants to normalise relations with Russia, ramping up gas imports, PM Fico says Read More »
FRANKFURT (Reuters) -Deutsche Bank said on Tuesday that it will hold a “deep dive” for investors on November 17, an event at which the lender’s management is expected to elaborate on targets and strategy for the years ahead. Germany’s largest lender is currently in the final stretch of its effort to meet financial targets by …
Deutsche Bank to hold investor day in November to explain targets and strategy Read More »
OSLO (Reuters) -Norway’s sovereign wealth fund said on Tuesday it has bought a 95% stake in an office property located along New York City’s Avenue of the Americas. Norges Bank Investment Management will pay $542.6 million for the stake, valuing the property at $571.1 million, it added. A unit of Beacon Capital Partners will buy …
Norway wealth fund buys 95% stake in New York office building Read More »
MOSCOW (Reuters) -Russia’s seaborne diesel and gasoil exports fell 6% on the month in August to about 3.1 million metric tons as damage from Ukrainian drone strikes hit production, data from market sources and LSEG showed. Last month Ukraine intensified drone attacks on Russian oil facilities, targeting major refineries and oil depots mainly in southern …
Russian seaborne diesel exports fell in August, data shows Read More »
By Paolo Laudani (Reuters) -The abrupt dismissal of Nestle CEO Laurent Freixe has catapulted Philipp Navratil into the top job overnight, tasking him with reversing a prolonged share price decline and reigniting sluggish sales at the world’s largest consumer goods company. Nestle, the maker of products from KitKat chocolate to Nesquik, fired Freixe on Monday …
Explainer-Nestle’s new CEO faces full plate of problems Read More »
