MILAN (Reuters) -Smythson of Bond Street, the British luxury leather goods and stationery brand, has been bought by Iconic BrandCo, a company controlled by Oakley Capital which invests in heritage brands, the private equity firm said on Tuesday. Italian leather group Tivoli, which bought Smythson in 2009, said in a separate note that it would …
Britain’s Smythson sold to Oakley Capital’s Iconic BrandCo Read More »
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) -Two European Central Bank policymakers warned on Tuesday about the hit from a further appreciation of the euro on a weak euro zone economy that is bracing for painful U.S. tariffs. The euro has risen some 9% against the dollar since April as investors, spooked by …
ECB policymakers set pain threshold for euro rise in weak economy Read More »
(Reuters) -Britain’s Petrofac on Tuesday said a UK court upheld an appeal brought by some of the oilfield services provider’s creditors against the approval of a restructuring plan that would unlock $355 million in new funding. The company is studying the judgment and will discuss next steps with stakeholders, it said in a statement. (Reporting …
UK’s Petrofac says court upholds appeal against restructuring plan Read More »
MANCHESTER, England (Reuters) -Hanna Glas had never heard of an anterior cruciate ligament before the Seattle Reign defender tore one of hers for the first time at age 17 during a Sweden national team development camp. It would happen three more times over a roller-coaster career for the now-32-year-old Glas, once considered one of the …
Soccer-From the sidelines: One player’s fight to return from ACL injury Read More »
BERN(Reuters) -The Swiss National Bank still has the tools to steer inflation towards its price stability goal even with interest rates at zero, extended governing board member Atillio Zanetti said on Tuesday. “It’s not an obvious step to go into negative rates, but I wouldn’t say that we don’t want to do that if that’s …
SNB says negative interest rates remain an option Read More »
By Lefteris Papadimas ATHENS (Reuters) -The Greek government will soon announce an out-of-court settlement for billions of euros in Swiss franc-denominated mortgages as it seeks to end a long-running dispute over soaring repayment costs caused by currency fluctuations, two sources told Reuters on Tuesday. More than 50,000 Greeks took out mortgages in Swiss francs in …
Greece to present plan to settle Swiss franc mortgage dispute, sources say Read More »
By Akash Sriram and Abhirup Roy (Reuters) -Tesla is expected to report another fall in quarterly deliveries on Wednesday as the backlash against CEO Elon Musk’s political views and competitive pressures continue to drag on demand. While much of Tesla’s trillion-dollar valuation hangs on Musk’s bet on commercializing robotaxis, most of the company’s current revenue …
(Reuters) -Britain’s Southern Water has secured up to 1.2 billion pounds ($1.65 billion) of equity from a consortium led by Australia’s Macquarie Asset Management and agreed to refinancing terms with creditors to avert a debt crisis, it said on Tuesday. Since acquiring a majority stake in 2021, Macquarie has been working to overhaul the water …
UK’s Southern Water secures $1.65 billion equity lifeline Read More »
By Julia Payne and Philip Blenkinsop BRUSSELS (Reuters) -The European Union wants immediate relief from tariffs in key sectors as part of any trade deal with the United States due by a July 9 deadline, but the bloc expects even a best-case deal to include a degree of asymmetry, EU diplomats told Reuters. The European …
EU wants upfront relief for key sectors in any US trade deal, sources say Read More »
By Sarah Young LONDON (Reuters) -Sainsbury’s reported a higher-than-expected rise in quarterly sales on Tuesday, as Britain’s second-largest food retailer benefited from warm weather and a disruption at rival Marks & Spencer, which suffered a major cyber attack. Still, Sainsbury’s, which trails market leader Tesco, did not lift its forecast for annual profit, despite its …
Sainsbury’s sales boosted by warm weather, M&S cyber disruption Read More »
