By Javier West Larranaga (Reuters) -Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT to focus more on its remaining European units. The deal gave the Spanish business an enterprise value of around 2 billion euros ($2.3 billion), a source with knowledge of the …
Adevinta sells its Spanish business to Sweden’s EQT for $2.3 billion Read More »
(Reuters) -French engine and aircraft equipment maker Safran said on Monday it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. Safran, which also makes landing gear, brakes and cabin interiors, said the transaction is expected to generate around $50 million of annual run-rate cost synergies by 2028. Collins Aerospace business, …
Safran finalises acquisition of Collins Aerospace flight controls business Read More »
By Sanchayaita Roy, Twesha Dikshit and Ragini Mathur (Reuters) -European shares ended a choppy session in the red on Monday, as investors weighed a mixed bag of corporate earnings and keenly awaited the outcome of ongoing trade negotiations between the U.S. and the European Union. The pan-European STOXX 600 index closed 0.1% lower, as a …
European shares end lower as investors assess mixed earnings; focus on trade talks Read More »
LONDON (Reuters) -London’s High Court will on Tuesday give its long-awaited ruling on how much Hewlett Packard is owed over its acquisition of British software firm Autonomy by the estate of its late co-founder Mike Lynch and his former business partner. HP sued Lynch – who died last August when his luxury yacht sank off …
UK court to rule on how much HP owed by late Mike Lynch’s estate over Autonomy deal Read More »
(Reuters) -Elliott Investment Management, one of BP’s largest shareholders, on Monday called on the energy giant’s new chairman Albert Manifold to “urgently address BP’s shortcomings”. “Elliott believes the company requires decisive and effective leadership to overcome its chronic operational underperformance,” a spokesperson for Elliott told Reuters in an emailed statement. BP has slashed planned renewables …
Elliott urges new BP chair to tackle operational underperformance Read More »
PARIS (Reuters) -Paris prosecutors requested information from social media platform X about its algorithm as part of a probe into organised gangs’ possible tampering with an automated data processing system and fraudulent data extraction, not for access to private data, the office said on Monday. The office said X has not officially responded to its …
By Giulio Piovaccari and Valentina Za MILAN (Reuters) -Stellantis expects more impact from U.S. tariffs on vehicles and auto part imports in the second half of 2025, the company said on Monday as it reported a preliminary 2.3 billion euro ($2.7 billion) net loss for the first six months of the year. The carmaker, which …
Stellantis sees greater tariff impact after $2.7 billion first-half loss Read More »
(Reuters) -Four companies submitted bids for the rebuilding of an 83-km railway and construction of a new track in central Croatia, the country’s largest rail project ever estimated to cost 620 million euros ($725 million), a state infrastructure operator said on Monday. The reconstruction of the Dugo Selo-Novska railway track will be financed with European …
Four companies bid for Croatia’s largest railway project Read More »
LONDON (Reuters) -An official report released on Monday outlined a plan to overhaul Britain’s water sector, seeking to better protect the environment, investors, and consumers. The privatised water industry in England and Wales has sparked widespread anger by releasing record levels of sewage into rivers and lakes, prompting the Labour government to promise major reforms …
Factbox-What are the key recommendations for reforming UK’s water sector? Read More »
By Sarah Young and Kate Holton LONDON (Reuters) -Britain will create a new powerful regulator for its water industry following public fury over sewage spills, accepting the key proposal of an independent report that also suggested easing up on pollution fines to prevent companies from collapsing. The Labour government, which promised major reforms for the …
UK to create new water regulator amid crisis at Thames Water Read More »
