(Reuters) -Specialist insurance provider CFC, backed by private equity firms EQT and Vitruvian Partners, is exploring a UK listing that could value the firm at more than 5 billion pounds ($6.71 billion), the Financial Times reported on Friday. The insurer is also considering other options, including a listing in the U.S. or even a sale, …
Insurer CFC mulls $6.5 billion-plus London listing, FT reports Read More »
By Yadarisa Shabong (Reuters) -Reckitt has sold a majority stake in its Essential Home business to private equity firm Advent International in a deal valued at $4.8 billion including debt, it said on Friday. The consumer goods group said it would retain a 30% stake in the business, which makes Air Wick fresheners, Cillit Bang …
Reckitt sells Essential Home stake to Advent for $4.8 billion Read More »
(Reuters) -Swedish miner Boliden plans to resume dividends going forward, the group’s Chief Executive Mikael Staffas said in an interview on Friday. The copper and zinc producer, which scrapped its payout for 2024 after the acquisitions of the Somincor and Zinkgruvan mines from Lundin Mining, is committed to its dividend policy to distribute 1/3 of …
Boliden CEO expects company to resume dividend payments Read More »
(Reuters) -Shares in Vivendi rose by up to 12.5% in early trade, on Friday, after the French financial regulator, or AMF, said majority shareholder Vincent Bolloré and its holding company Bolloré SE would have to launch a public buyout offer. In December 2024, Vivendi carried out a scission, splitting the company into four entities: Vivendi, …
Vivendi stock rises as AMF requires buyout offer for minority shareholders Read More »
(Adds dropped words in paragraph 2) By Marta Frackowiak (Reuters) -Getinge’s quarterly earnings beat market expectations on Friday, driven by organic sales growth across its business areas and regions, as the medical equipment maker seeks ways beyond pricing to mitigate the tariff impact. Shares of the Swedish group, which makes more than a third of …
Getinge tops profit estimates, explores ways to lessen tariff hit Read More »
(Reuters) -Britain’s financial watchdog on Friday proposed rules to protect buy now, pay later (BNPL) borrowers, including affordibilty checks, access to the Financial Ombudsman Service for complaints and support during financial difficulties. “Our regulation will help consumers navigate their financial lives, with checks on whether they can afford to repay, support when things go wrong …
UK’s financial watchdog proposes protections for buy now, pay later borrowers Read More »
By Jesus Calero (Reuters) -Sweden’s Husqvarna is reworking its supply chain to lessen the blow from global trade tensions as the U.S. considers steep hikes in tariffs on European imports, the company’s CEO Pavel Hajman told Reuters. Around two-thirds of Husqvarna’s U.S. sales are tied to imported products, with roughly half of those coming from …
Husqvarna reworking supply chain to offset tariffs, CEO says Read More »
PARIS (Reuters) -The head of Qatar-backed investment fund Mayhoola on Friday denied an Italian newspaper report that suggested the fund and Gucci-owner Kering were considering selling their jointly owned fashion house Valentino. “This news is untrue,” Mayhoola chief executive Rachid Mohamed Rachid told Reuters. Kering shares, which have lost more than 60% of their value …
Qatar-backed Mayhoola denies report it is considering Valentino sale with Kering Read More »
By Jesus Calero (Reuters) -Swedish garden equipment maker Husqvarna reported second-quarter operating earnings above market expectations on Friday, helped by demand for robotic lawnmowers and margin gains from cost savings and efficiency measures. The second quarter, when demand for garden tools and robotic mowers peaks, marks Husqvarna’s most important sales season that offers a clearer …
Husqvarna tops profit forecasts as weather boosts garden gear demand in Europe Read More »
By Agnieszka Olenska and Izabela Niemiec (Reuters) -Boliden’s operating earnings fell more than analysts had expected in the second quarter, the Swedish miner reported on Friday, as the weakening of the US dollar had a greater impact than anticipated. Boliden’s quarterly operating profit fell to 1.09 billion Swedish crowns ($112.11 million) on a reported basis, …
Boliden’s earnings miss expectations as weakening dollar bites Read More »
