PARIS (Reuters) -Negotiations over scrapping two French national holidays will need to be concluded by September 30 at the latest, Prime Minister Francois Bayrou has said, according to a report by newspaper Les Echos, as the government seeks ways to narrow its repeated budget deficits. Bayrou, a long-time debt hawk whose minority administration is walking …
(Reuters) -Britain’s competition regulator said on Friday it has cleared Boeing’s planned acquisition of Spirit AeroSystems after deciding against an in-depth investigation into whether the deal would be anti-competitive. The news is likely to reassure investors after a series of crises depleted Boeing’s finances, strained employee morale and damaged public trust. The UK’s Competition and …
UK regulator clears Boeing takeover of Spirit AeroSystems Read More »
TORONTO (Reuters) -The Canadian government said on Friday it will join some of its closest allies in lowering the price cap for Russian oil over its continued war in Ukraine, the country’s finance department said in a statement on Friday. Canada will lower the price cap for seaborne Russian-origin crude oil to $47.60 from $60 …
Canada joins allies in lowering price cap on Russian oil Read More »
(Reuters) -Danish energy firm Orsted is considering raising as much as 5 billion euros ($5.83 billion) from a rights offering to shore up its finances, Bloomberg News reported on Friday, citing people familiar with the matter. The fundraising plan could be announced in the coming weeks if Orsted decides to proceed, the report said. Orsted’s …
Energy firm Orsted weighs up to 5 billion euros rights issue, Bloomberg News reports Read More »
(Reuters) -Glass Lewis has recommended shareholders in Third Point Investors Ltd vote in favor of a proposal to buy Malibu Life Reinsurance SPC, a deal that would turn billionaire Dan Loeb’s investment firm into a reinsurance company. Shareholders are set to vote on the deal on August 14, according to a report from proxy adviser …
Proxy adviser Glass Lewis backs Third Point’s Malibu deal Read More »
By Cian Muenster and Bartosz Dabrowski (Reuters) -European broadcaster RTL Group plans to speed up its business transformation, betting on the planned Sky Deutschland acquisition to drive streaming growth and offset declines in TV advertising and demand for traditional media, it said on Friday. RTL has been expanding its streaming platforms and strengthening its content …
Broadcaster RTL bets on streaming shift as M&A activity picks up in Europe Read More »
(Reuters) -British scientific instruments maker Spectris said on Friday it had decided against proceeding with U.S. private equity firm Advent’s buyout proposal, days after backing rival suitor KKR’s $6.4 billion offer. In June, a bidding war for Spectris began with an initial offer from Advent. After KKR entered the fray with its own bid, the …
UK’s Spectris drops Advent offer in favour of KKR Read More »
LONDON (Reuters) -British healthcare real estate investor Assura said on Friday that it maintains its support for a takeover bid by Primary Health Properties despite rival suitor KKR urging it to back its competing offer. Assura said it was urging its shareholders to vote in favour of PHP’s $2.4 billion acquisition offer over the KKR-led …
UK’s Assura snubs KKR takevoer bid in support of competing PHP offer Read More »
By Marie Mannes and Essi Lehto STOCKHOLM (Reuters) -Bankrupt Swedish battery maker Northvolt had stepped up production of high-quality battery cells at its Skellefteå plant before operations were halted, a former executive said on Friday, a major factor in sealing a deal to sell the company. Northvolt, once seen as Europe’s answer to dominant Chinese …
By Twesha Dikshit and Ragini Mathur (Reuters) -European shares posted their biggest weekly gain in twelve weeks on Friday, as banking stocks continued to drive the benchmark index upwards, while investors watched for signs of a potential Russia-Ukraine ceasefire. The pan-European STOXX 600 index rose 0.2% on the day, taking its weekly gains to 2.2%. …
European shares post biggest weekly gain in 12 powered by financials Read More »
