By Gianluca Lo Nostro and Leo Marchandon (Reuters) -Ukraine’s biggest telecoms operator Kyivstar expects to raise between $50 million and $200 million through a landmark stock market listing in New York this year, three sources familiar with the matter told Reuters. Kyivstar will become the first Ukraine-based company listed on a U.S. stock exchange when …
By Yamini Kalia (Reuters) -Online trading platform Plus500’s lack of an annual forecast upgrade and weak half-year profit margins weighed on its shares on Monday, sending them down over 6%. The company, which has been heavily investing in expanding via acquisitions and regulatory approvals across high-growth markets, expects its full-year results to match market expectations. …
Online trading platform Plus500’s lack of forecast upgrade weighs on shares Read More »
BERLIN (Reuters) -Airlines are withdrawing aircraft from Germany due to soaring state-imposed costs, the German Aviation Association (BDL) said on Monday, warning of significant economic fallout. The number of planes stationed in Germany has dropped from 190 in 2019 to 130 this year, resulting in an estimated loss of 10,000 jobs and 4 billion euros …
German aviation lobby warns of economic fallout as airlines withdraw over costs Read More »
PARIS (Reuters) -Investment company Selwood Asset Management said on Monday that French media company Louis Hachette Group should seek a new stock market listing to boost its growth, and urged Canal Plus to also do more to get value for investors. Selwood Asset Management owns about 1.5% of LHG’s share capital and around 0.5% of …
Selwood Asset Management says Louis Hachette should change market listing Read More »
By David Milliken LONDON (Reuters) -Hiring intentions by British businesses fell to their weakest since the COVID-19 pandemic and recruiters said starting pay was rising at the slowest pace in over four years, according to surveys on Monday which add to signs of a weakening jobs market. With the Bank of England watching the jobs …
UK employers report weaker hiring and pay growth in July Read More »
SINGAPORE (Reuters) -A liquefied natural gas (LNG) tanker targeted by U.S. sanctions has berthed at Russia’s Arctic LNG 2 plant, the fourth such vessel to do so this year, shiptracking data from Kpler and LSEG showed. The Christophe De Margerie tanker arrived unloaded at Arctic LNG 2 on August 9, showed Kpler data. The vessel …
Russia’s Arctic LNG 2 continue loadings with 4th sanctioned tanker, data shows Read More »
(Reuters) -Gemfields Group said on Monday it had sold Fabergé Ltd, the maker of the jewelled Fabergé eggs, to SMG Capital for $50 million, as the coloured gemstones miner ramps up efforts to streamline its business. The sale concludes a review of the business started by Gemfields late last year. The group had bought the …
Gemfields sells Fabergé eggs maker for $50 million Read More »
By Elviira Luoma and Jesus Calero (Reuters) -Swedish clean energy-tech startup Aira said on Monday it had raised 150 million euros ($174.75 million) in equity from existing backers, as it looks to speed up the rollout of its heat pump systems across Europe. Founded in 2022 by Vargas, a co-founder of now bankrupt Northvolt, Aira …
Sweden’s Aira raises 150 million euros to expand heat pump rollout in Europe Read More »
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank has a problem communicating that has injected an element of unpredictability into interest rate policy when global uncertainty is already high, and its proving costly for investors. It all stems from an April shake up at the Reserve Bank of Australia that shifted rate-setting power entirely to …
Analysis-RBA’s new policy board comes with added unpredictability Read More »
(Reuters) -Aircraft engine maker Rolls-Royce sold its UK pension fund to Pension Insurance Corporation (PIC) in a 4.3 billion pound ($5.78 billion) deal, PIC said in a statement on Sunday. The deal will cover Rolls-Royce’s entire outstanding liabilities to its workers, comprising the pensions of 36,000 people. “This is a win-win for all our stakeholders” …
Rolls Royce sells UK pension fund to PIC in 4.3 billion pound deal Read More »
