Reuters UK Business

By Elvira Pollina and Andrea Mandala MILAN (Reuters) -Mediobanca shareholders rejected a plan to buy Banca Generali on Thursday, dealing a blow to the Italian merchant bank’s attempts to thwart a hostile takeover by state-backed Monte dei Paschi di Siena (MPS). The bid battles are among a series of deals which have been reshaping Italy’s …

Mediobanca’s takeover defence thwarted as shareholders reject Banca Generali deal Read More »

By Twesha Dikshit and Sukriti Gupta (Reuters) -European equities were subdued on Thursday as investors awaited updates from the Federal Reserve’s Jackson Hole symposium, while the United States and European Union locked in a framework trade deal reached last month. The pan-European STOXX 600 index was flat at the close, while major bourses were mixed. …

European shares steady with Fed’s summit in focus; US-EU lock in trade deal Read More »

MUNICH (Reuters) -Active Ownership, a major shareholder in Gerresheimer, said on Thursday it saw major potential for value creation at the German packaging and medical equipment specialist and called for a strategic review, a second activist investor to do so. “Active Ownership expressly welcomes the planned sale process for the moulded glass division and calls …

Activist investor wants review at Gerresheimer after taking stake Read More »

By Ragini Mathur (Reuters) -Britain’s FTSE 100 closed at a record high for the third straight day on Thursday with healthcare stocks leading the gains, while fresh economic data reinforced signs of resilience in the UK economy. The blue-chip FTSE 100 <.FTSE 100> closed up 0.2%, reversing losses earlier in the session. Meanwhile, the midcap …

FTSE 100 closes at record high for third straight day, focus on Jackson Hole Read More »

(Corrects paragraph 2 to say BlackRock recommends dedicating up to an additional 5% of portfolios to hedge fund investments from current levels [not recommends dedicating up to 5% of their portfolios to hedge funds]) LONDON (Reuters) -The BlackRock Investment Institute believes investors should bulk up their exposure to hedge funds, the company said on Thursday. …

BlackRock research arm bigs up hedge funds to investors Read More »

FRANKFURT/BERLIN (Reuters) -German prosthetics maker Ottobock is eying a valuation of more than 6 billion euros ($7 billion) as it considers a possible initial public offering between late September and mid-October, a person familiar with the matter told Reuters. Owner and Chairman Hans Georg Naeder and his family will likely put 25% to 30% of …

Prosthetics maker Ottobock eyes over 6 billion euro valuation in possible IPO, source says Read More »

LONDON (Reuters) -Britain on Wednesday sanctioned financial networks it said were being used by Russia to evade existing Western sanctions, including Kyrgyz crypto networks, as it ramps up pressure on Moscow over the war in Ukraine. The sanctions against eight individuals and entities also target the infrastructure behind A7A5, a rouble-pegged stablecoin launched in Kyrgyzstan …

UK targets Russian crypto networks and Kyrgyz firms in new sanctions Read More »