ROME (Reuters) -Italian industrial output rose unexpectedly in June by 0.2% from the month before, data showed on Wednesday, a tentative sign of recovery for the long-struggling manufacturing sector following a negative surprise in May. A Reuters survey of seven analysts had pointed to a 0.1% decrease. On a year-on-year basis, net of calendar effects, …
Italy industry output rises unexpectedly in June after May slump Read More »
By Ankita Bora (Reuters) -Quilter posted record net inflows in the first half, beating market expectations, as the British wealth manager won more business amid growing demand for financial advice from wealthy clients. Britain is looking to increase investments in the country and is planning regulatory changes regarding the support advisers can give customers with …
British wealth manager Quilter’s record inflows beat markets expectations in H1 Read More »
MILAN (Reuters) -Italy’s top insurer Generali said on Wednesday it would continue to assess Mediobanca’s bid to buy Banca Generali, as well as a revised distribution agreement with the private bank which is a key part of the offer. “Generali confirms its intention to pursue the evaluation of the offer and discussions on these matters,” it said …
Generali says open to discussing Mediobanca’s bid for Banca Generali Read More »
By Manuel Ausloos Yverdon-Les-Bains, Switzerland (Reuters) -Swiss cheese producers are bracing for a steep drop in U.S. sales after President Donald Trump announced a 39% tariff on Swiss imports due to take effect on Thursday. Swiss President Karin Keller-Sutter and Business Minister Guy Parmelin have travelled to Washington for meetings with American officials in a …
Swiss cheesemakers fear for US sales if hit by tariffs Read More »
(Reuters) -Britain’s competition regulator said on Wednesday it would not refer the merger between Omnicom and Interpublic to an in-depth phase 2 probe, clearing the way for the creation of the world’s largest advertising and marketing agency. Omnicom struck the $13.25 billion all-stock deal for rival Interpublic in December last year. The deal is expected …
UK watchdog clears Omnicom’s $13.25 billion deal to buy Interpublic Read More »
By Ludwig Burger FRANKFURT (Reuters) -Investor concerns that Bayer’s earnings were inflated by soccer player transfer fees rather than supported by its core healthcare and agriculture businesses helped send its shares plummeting nearly 5% to a one-month low on Wednesday. The German maker of pharmaceuticals and crop protection products reported in unscheduled preliminary results last …
Bayer investors concerned soccer transfers inflated earnings, shares drop Read More »
(Corrects paragraph 8 to say ad revenue growth declined to 1%, not ad revenue declined) By Jaspreet Singh (Reuters) -Snap on Tuesday reported its slowest quarterly growth in more than a year, hurt by a temporary glitch in its ad platform and advertiser preference for bigger rivals such as Meta, sending its shares down over …
By Dimitri Rhodes (Reuters) -Dutch retailer Ahold Delhaize, owner of Food Lion and Giant stores in the United States, has found a silver lining from belt-tightening consumers. More are opting to cook at home as restaurant bills become too pricey. Consumers, particularly in the lower-income category, are increasingly scouring for deals and avoiding dining out …
Food Lion-owner sells cut-price meal deals as US diners stay at home Read More »
By Amy-Jo Crowley and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) -Buyout company Hg has begun lining up advisers to explore a possible sale of its financial data firm FE fundinfo, three people familiar with the matter told Reuters, following on from a series of deals in the highly valued sector. The London-based FE fundinfo could generate around …
Exclusive-Hg weighs sale of $1.9 billion financial data firm FE fundinfo Read More »
ROME (Reuters) -Italy on Wednesday gave the final approval, via a government technical committee, to the multi-billion-euro project to build a bridge to Sicily, the League party of Deputy Prime Minister and Transport Minister Matteo Salvini said. (Reporting by Francesca Piscioneri, editing by Alvise Armellini)
