By Elisa Anzolin and Tassilo Hummel MILAN (Reuters) -Artemis, the holding company of France’s Pinault family, which controls Gucci owner Kering, announced on Tuesday it was raising 400 million euros ($464 million) from investors buying into the hope the luxury group will recover under new CEO Luca de Meo. The bond issue, coming days after …
By Jesús Aguado MADRID (Reuters) -Spain’s BBVA will not be allowed to integrate its operations with Sabadell for at least three years as one of the conditions imposed by the Spanish government on its hostile bid for its smaller rival in a potential blow to the suitor’s expansion plans. BBVA, whose CEO said on Monday …
Spain says BBVA, Sabadell cannot integrate for at least 3 years as takeover condition Read More »
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows. According to a report by the …
Exclusive-Central banks eye gold, euro and yuan as dollar dominance wanes Read More »
FRANKFURT (Reuters) -German car parts retailer Autodoc on Tuesday called off its planned initial public offering on the Frankfurt stock exchange, the latest in a string of companies holding off on listing plans. In a statement, Autodoc added that an IPO at a later time remained under consideration by the company and shareholders, without saying …
German car parts seller Autodoc puts IPO on hold Read More »
MILAN (Reuters) -Italy’s antitrust authority said on Tuesday it had imposed fines exceeding 32 million euros ($37 million) on energy company Eni and its plastics unit Novamont for abusing a dominant market position in the production of plastic bags. Novamont, which makes bioplastics, employed practices aimed at excluding competitors in domestic markets for raw materials …
Italian regulator fines Eni and its plastics unit 32 million euros for market abuse Read More »
(Reuters) -Bank of England Governor Andrew Bailey said on Tuesday there were now signs that Britain’s labour market was softening and he repeated his view that interest rates are likely to continue falling. “We are starting to see softening of the labour market … pay increases are still well above a level consistent with the …
BoE’s Bailey sees more signs of softening labour market Read More »
By Shivansh Tiwary and Rashika Singh (Reuters) -Shares of U.S. and European airlines rose on Tuesday, while oil prices declined on expectations that a ceasefire between Israel and Iran would hold. Air France KLM, British Airways owner, Lufthansa were up between 6% and 10%, while Wizz Air gained 3.2%. U.S. legacy carriers United Airlines, Delta …
Shares of US, European airlines rise on hopes of Israel-Iran truce Read More »
By Rachel More BERLIN (Reuters) -German car parts supplier Continental revised down profitability targets for its core tyre business and with it the broader group on Tuesday, pointing to currency effects and increasing trade barriers. The company now sees its 2025 adjusted EBIT margin for tyres in a range of 12.5 to 14%, compared with …
Continental revises down profitability targets on trade turbulence Read More »
BRUSSELS (Reuters) -European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on Russian energy. The European Commission has proposed the package in an effort to push Russia to …
EU envoys expect to resolve block of new Russia sanctions this week Read More »
COPENHAGEN (Reuters) -Northvolt’s bankruptcy trustee has received an indicative bid from a foreign interested party for the company’s business in Sweden, the trustee told Swedish radio on Tuesday. Northvolt filed for bankruptcy in March, making it one of Sweden’s largest corporate failures and effectively ending Europe’s best hope of developing a rival to challenge Chinese …
Battery maker Northvolt gets indicative bid, bankruptcy trustee tells Swedish radio Read More »
