(Reuters) -The boards of ProSiebenSat.1 have welcomed a bid from Czech investment firm PPF to lift its stake in the company, but described the offered price as “inadequate from a financial point of view”, the German broadcaster said on Wednesday. In May, PPF launched a bid to lift its stake in ProSieben to just under …
ProSiebenSat.1 welcomes PPF bid but says it is financially ‘inadequate’ Read More »
By Ludwig Burger, Christian Kraemer and Miranda Murray BERLIN (Reuters) -The German government approved on Wednesday a draft law that aims to speed up the construction of housing units, which has tapered amid a wider property market crisis, by cutting red tape that often ensnares projects for years. The number of apartments built in Germany …
Germany clears bill to expedite housing construction by cutting red tape Read More »
By Yamini Kalia (Reuters) -AO World’s chief executive said on Wednesday he expects the British electronics retailer to maintain its growth momentum this year after strong sales from returning and new customers boosted fiscal 2025 profit to record levels. “The electronics retailing business has been having a price war for the last 25 years and so …
UK’s AO World profits hit record, expects continued growth Read More »
ZURICH (Reuters) -The Swiss Attorney General’s Office has handed a former wealth manager at Pictet Bank a six-month suspended prison sentence and fined the private bank for money laundering in a Petrobras-related probe, the government said on Tuesday. Pictet was ordered to pay 2 million Swiss francs ($2.5 million) for failing to take all reasonable …
Switzerland fines Pictet for money laundering, sentences former employee Read More »
By Giuseppe Fonte and Alvise Armellini ROME (Reuters) -Italy’s ageing population and low birth rate are among the main challenges for the euro zone’s third largest economy, Finance Minister Giancarlo Giorgetti said on Wednesday, highlighting the potential risks for the country’s shaky public finances. Births in Italy, the EU’s third most populous country with a …
Italy’s ‘merciless’ demographic crisis is a spur to action, economy minister says Read More »
By Anna Peverieri and Jesus Calero (Reuters) -Airbus raised the upper range of its dividend payout target ahead of a business update on Wednesday and confirmed its guidance for 2025 as it looked to reassure investors about its future prospects. The company, which makes single-aisle jets used by passenger airlines, said it would target sustainable …
Airbus raises dividend payout range and confirms 2025 guidance Read More »
By Paolo Laudani (Reuters) -Deutsche Pfandbriefbank, one of Germany’s top property financiers, said on Wednesday it was withdrawing its full-year guidance amid extraordinary expenses from discontinuing its business in the United States. In the longer term, “the freed-up capital shall be used to accelerate the bank’s transformation,” the lender said in a statement. PBB said …
Germany’s Pfandbriefbank withdraws guidance as it winds down US business Read More »
(Reuters) -Airbus has received an order for two A350F Freighters from MNG Airlines, a global logistics provider and e-commerce enabler based in Türkiye, it said on Wednesday. The new aircraft can carry up to 111 metric tons with a range of 8,700 kilometres (5,406 miles) and will offer an up to 40% reduction in fuel …
Airbus receives order for two A350F Freighters from MNG Airlines Read More »
BRUSSELS (Reuters) -The European Commission has accepted commitments made by Alibaba’s AliExpress to address concerns over the dissemination of potentially illegal and pornographic materials through its platform, the EU executive arm said on Wednesday. The Commission launched an investigation in March into what it saw as a failure by AliExpress to act against these products, …
EU accepts AliExpress’ commitments to catch illegal online products Read More »
(Reuters) -British house price growth halved in April, when a hike in property transaction taxes took effect, official data showed on Wednesday. Annual house price growth cooled to 3.5% from 7.0% in March, the Office for National Statistics said. (Reporting by Andy Bruce; editing by Sarah Young)
