By James Davey and Yadarisa Shabong Dec 5 (Reuters) – Britain’s Ocado will receive a $350 million one-off payment from partner Kroger after the U.S. grocer opted to shut three robotic warehouses and scrap plans for another facility, the technology group said on Friday. Shares in Ocado were up 6% at 0942 GMT, paring 2025 …
Ocado to receive $350 million payout as Kroger shuts robotic warehouses Read More »
By Gleb Bryanski MOSCOW, Dec 5 (Reuters) – U.S. company NCH Capital said on Friday that it has no plans to sell major Russian agricultural producer AgroTerra, after the head of Russia’s second-largest bank said it was in talks to buy the firm. AgroTerra was placed under temporary state management by a decree from Russian …
US owner of major Russian agriculture firm says no plans to sell up Read More »
LONDON, Dec 5 (Reuters) – Regulators at the Bank of England and the Financial Conduct Authority on Friday announced a package of measures aimed at supporting Britain’s mutuals sector. The plans seek to speed up application processes, review credit union regulations, and make it easier for mutuals to co-operate. “Mutuals are a vital part of …
Bank of England and FCA announce plans to support growth of mutuals sector Read More »
ATHENS, Dec 5 (Reuters) – Greek lawmakers approved late on Thursday the purchase of 36 PULS rocket artillery systems from Israel for about 650 million euros ($757.84 million), two officials with knowledge of the issue told Reuters. Greece has said it will spend about 28 billion euros ($32.66 billion) by 2036 to modernise its armed …
Greek parliament approves purchase of rocket systems from Israel Read More »
MILAN, Dec 5 (Reuters) – An Italian unit of e-commerce giant Amazon has paid compensation and scrapped a monitoring system for delivery staff, ending a probe into alleged tax fraud and illegal labour practices, sources with knowledge of the matter said on Friday. In July 2024 the group’s logistics services unit was accused of circumventing …
Amazon pays Italy 180 million euros to end tax, labour probe, sources say Read More »
By Hyunjoo Jin SEOUL, Dec 5 (Reuters) – Artificial intelligence stocks could come under pressure after rising too fast and too much, but the industry is not in a bubble, the head of South Korean conglomerate that owns leading memory chipmaker SK Hynix said. Concerns about lofty AI stock valuations have begun to weigh on …
AI industry not in a bubble, but stocks could see correction, SK chief says Read More »
Dec 5 (Reuters) – British American Tobacco has sold more than half its stake in ITC Hotels for about 38 billion rupees ($424.70 million), the tobacco giant said on Friday. BAT held a 15.3% stake in the company, which it sought to dilute to reduce debt and exit a non-strategic asset. After the 9% stake …
British American Tobacco sells 9% ITC Hotels stake for $425 million Read More »
Dec 5 (Reuters) – Citigroup on Friday set its 2026 year-end target for the STOXX 600 index at 640, broadly driven by fiscal spending and supportive monetary policy. The Wall Street brokerage’s target implies a 10.5% upside to the pan-European index’s last close on Thursday. The benchmark has risen 14% this year, thanks to Germany’s …
Citigroup sets 2026-end STOXX 600 target at 640 on fiscal tailwinds Read More »
By Helen Reid and Greta Rosen Fondahn LONDON/STOCKHOLM, Dec 5 (Reuters) – IKEA plans to source more products from factories in the United States, the Swedish furniture group’s top supply chain executive told Reuters, as President Donald Trump’s tariffs drive up the cost of importing bookcases, mattresses and sofas. This marks a big shift for …
ZURICH, Dec 5 (Reuters) – Andre Helfenstein, a former senior executive at Credit Suisse, will become chairman of the board at Swiss stock exchange operator SIX on January 1, succeeding Thomas Wellauer, the company said on Friday. Helfenstein, who joined SIX’s board in 2020, had led Credit Suisse’s Switzerland operations until 2024. Wellauer will stay …
Ex-Credit Suisse executive Andre Helfenstein to become chair of SIX exchange Read More »
