(Reuters) -A company controlled by private equity firm Advent International has offered an about 3.5% stake in parcel locker firm InPost to institutional investors, a bookrunner said on Tuesday. Advent’s company AI Prime & Cy S.C.A. offered 17.5 million InPost shares via an accelerated placing at 13.25 euros ($15.61) per share, a discount of 6% …
Advent company offers 3.5% stake in parcel locker company InPost Read More »
LONDON (Reuters) -British house prices fell by 0.8% in June, a sharper fall than forecast and the biggest monthly decline in more than two years, as a discount on property transactions ended, data from mortgage lender Nationwide showed on Tuesday. Economists polled by Reuters had forecast a 0.2% monthly increase. For the year, house prices …
UK house prices fall by most since November 2022, Nationwide data shows Read More »
(Reuters) -Blackstone said on Tuesday it was considering its options regarding its bid for UK’s Warehouse REIT after its takeover target agreed to a 485.2 million pound ($666.8 million)deal with Tritax Big Box REIT last week. The U.S. private equity firm, which had tabled a best and final offer of 470 million pounds for Warehouse …
Blackstone to consider options for UK’s Warehouse REIT bid Read More »
By Marleen Kaesebier and Vera Eckert (Reuters) -Nextwind, a European renewable energy provider, said on Tuesday that it had secured 1.4 billion euros ($1.6 billion) in debt financing for the expansion of a wind energy project in Germany. The deal includes the possibility of raising a further 1.3 billion euros in the next five years …
Nextwind raises $1.6 billion for German wind energy expansion Read More »
COPENHAGEN (Reuters) -Norway’s Equinor and its partners have approved a 13 billion Norwegian crown ($1.29 billion) investment for the expansion of Johan Sverdrup, western Europe’s largest producing oilfield, the company said on Tuesday. The project is expected to increase recoverable volumes from the field by between 40 million and 50 million barrels of oil equivalent, …
Equinor, partners approve $1.3 billion Johan Sverdrup oilfield expansion Read More »
(Reuters) -Russia’s manufacturing sector contracted at its sharpest rate in more than three years in June as output, new orders and employment all slumped, a business survey showed on Tuesday. The S&P Global Purchasing Managers’ Index (PMI) for Russia’s manufacturing sector fell to 47.5 last month from 50.2 in May, sliding back below the 50 …
Russia’s factory activity in June contracts at fastest pace since March 2022 Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google will on Tuesday warn EU antitrust regulators and its critics that landmark European Union rules aimed at reining in Big Tech are hampering innovation to the detriment of European users and businesses. The U.S. tech giant will also urge regulators to give more detailed guidance to help …
Landmark EU tech rules holding back innovation, Google says Read More »
(Reuters) -Swiss skincare company Galderma Group AG on Tuesday said its Chief Financial Officer Thomas Dittrich was leaving the company to pursue an opportunity outside the organization. A successor would be named in due course, Galderma added. (Reporting by Ariane Luthi, editing by Rachel More)
A look at the day ahead in European and global markets from Rocky Swift A central bank Who’s Who is due to speak in Sintra, Portugal today as policymakers grapple with an uncertain landscape for trade, growth and inflation. Uncertainty was the key theme in opening remarks from European Central Bank President Christine Lagarde on …
(Reuters) -Elon Musk’s xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry. The $5 billion raised in debt consists of financing of secured notes and …
Musk’s xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says Read More »
