By Noel Randewich (Reuters) -Nvidia’s stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker’s position as Wall Street’s central player in a race to dominate AI technology. Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion and extending …
LONDON (Reuters) -Shares in British money manager Jupiter were on track for their biggest daily gain in five years after it announced on Thursday it would buy smaller rival CCLA Investment Manager, part of a wider wave of consolidation in the fund industry. The company also announced an update to its capital returns plans for …
Jupiter shares jump after it strikes deal for charity fund manager CCLA Read More »
LONDON (Reuters) -Britain’s Heathrow Airport said it could serve an additional 10 million passengers per year by 2031 by making changes to existing terminals if it can increase fees, as it presented its plans for the next five-year period to the regulator on Friday. The government has said it wants Heathrow, located west of London …
UK’s Heathrow says mini expansion could add 10 million passengers by 2031 Read More »
MILAN (Reuters) -Italy’s fourth-largest lender, BPER Banca, said on Thursday it has secured almost 36% of Banca Popolare di Sondrio (BPSO) under its buyout offer, a stake it considers sufficient to secure control of its smaller rival. In February, BPER launched an all-share takeover bid for BPSO as deal-making picked up in the Italian financial …
Italian lender BPER secures nearly 36% stake in Pop Sondrio Read More »
By Arriana McLymore and Anuja Bharat Mistry (Reuters) -Levi Strauss raised its annual revenue and profit forecasts after beating quarterly estimates on Thursday, betting on strong demand for its denims in regions such as Europe in the face of tariff uncertainty. Levi’s is leaning on a diverse supply chain that includes Bangladesh and Cambodia, and …
Levi Strauss lifts annual forecasts on steady denim demand in Europe despite tariff pain Read More »
By Elizabeth Howcroft PARIS (Reuters) -Malta did not do enough to assess the level of risk when granting a licence to a crypto company under the EU’s new regulatory regime, the bloc’s financial watchdog said on Thursday following an examination of the Maltese regulator. Reuters first reported in June that the European Securities and Markets …
EU regulator criticises Malta’s crypto licensing process Read More »
By Jonathan Saul LONDON (Reuters) -The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen’s Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said on Thursday. The Red Sea is a critical waterway for oil and commodities …
Red Sea insurance soars after deadly Houthi ship attacks Read More »
By Sergio Goncalves and Andrei Khalip LISBON (Reuters) -Portugal’s government relaunched the long-delayed privatisation of flag carrier TAP on Thursday, saying it aimed to sell a 49.9% stake within a year’s time, and could then consider offloading more of the airline’s capital. Prime Minister Luis Montenegro said he was “convinced that there will be many …
Portugal relaunches TAP airline privatisation, aims to sell 49.9% Read More »
By Savyata Mishra and Aishwarya Venugopal (Reuters) -WK Kellogg on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, uniting two of the world’s most recognizable consumer brands to weather a tough spending backdrop marked by persistent inflation. Deal making in the snacking space has picked …
Froot Loops maker WK Kellogg agrees to $3.1 billion deal from Italy’s Ferrero Read More »
ROME (Reuters) -Italy said on Thursday that firms that have helped Russia fund its war on Ukraine by doing business with the country should be excluded from profiting from Ukraine’s reconstruction. Italian Prime Minister Giorgia Meloni said earlier that participants at a Rome conference on the economic recovery of Ukraine had pledged more than 10 …
Italy says Russia-linked companies should be banned from Ukraine’s rebuild Read More »
