By Tassilo Hummel PARIS (Reuters) -Renault CEO Luca de Meo is leaving the French carmaker to pursue a role outside the auto industry, the company said on Sunday, and newspaper Le Figaro reported he would become the new chief executive of Gucci-owner Kering. De Meo turned around the troubled French automaker in his five years …
Renault boss De Meo quits; report says he will head Gucci-owner Kering Read More »
By Elizabeth Howcroft, Supantha Mukherjee and Michael Kahn PARIS/STOCKHOLM/PRAGUE (Reuters) -As venture capital investors look to profit from Europe’s defence spending boom, speculators hunting for the next unicorn need to navigate hurdles such as EU sustainability guidelines and difficulties for start-ups in a market dominated by large prime contractors. The European Union has earmarked up …
How VCs are navigating Europe’s defence spending push Read More »
(Reuters) -Ladbrokes owner Entain said on Monday BetMGM, its U.S. sports-betting joint venture with MGM Resorts, raised its annual revenue and core earnings forecast, driven by strong growth in its iGaming and online sports divisions. BetMGM, which has been growing its online presence and capitalising on a booming e-betting market, now expects revenue of at …
BetMGM boosts annual forecast on iGaming, online growth Read More »
MILAN (Reuters) -Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled automaker Renault in his five years at the helm. Kering shares gained around 5% on trading platform Tradegate by 0606 GMT …
Kering shares rise after report Renault’s De Meo to become new boss Read More »
By Kate Abnett LUXEMBOURG (Reuters) -The European Investment Bank will back a planned power interconnector between Spain and France with an investment of 1.6 billion euros ($1.84 billion), it said on Monday, after Spain and Portugal’s governments sought EU help to improve their power links following a huge blackout in April. Spain and Portugal’s poor …
EIB backs Spain-France power link with 1.6 billion euros Read More »
By Elizabeth Howcroft and John O’Donnell PARIS/FRANKFURT (Reuters) -Two of the world’s largest cryptocurrency companies are poised to secure licences granting them access to operate across the European Union, as a rift grows among regulators over the speed and rigour of some countries’ approvals, according to sources familiar with the matter. Under the EU’s new …
Crypto giants set for EU green light amid growing regulatory rift, sources say Read More »
By Byron Kaye SYDNEY (Reuters) -Australia’s corporate regulator said it had launched a broad investigation into the country’s main stock exchange operator, escalating tensions that have simmered for years amid a botched software upgrade and a series of trade-processing glitches. The Australian Securities and Investments Commission (ASIC) said on Monday that it and the Reserve …
Australia regulator investigates ASX, citing widespread concerns and ‘serious failures’ Read More »
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -Tariffs will weigh on euro zone economic growth and prices for years, but there is little risk of inflation falling too low, and even the euro’s surge against the dollar is not a major worry, European Central Bank Vice President Luis de Guindos said. The ECB signalled …
ECB relaxed about euro strength, risk of too low inflation, de Guindos says Read More »
A look at the day ahead in European and global markets from Wayne Cole. While Israel and Iran continue to exchange missiles, markets have been resilient so far on Monday with most Asian indexes in the black. Chinese retail sales topped forecasts, but to no discernible reaction. Oil jumped 4% at the open, but soon …
Morning Bid: Markets in wait-and-see mode on Mideast Read More »
By John Irish KANANASKIS, Alberta, Reuters) -Europe and the United States should focus on how the bloc takes more responsibility for its defence rather than creating economic uncertainty through trade tensions, European Union President Antonio Costa said on Sunday. Speaking to reporters with European Commission President Ursula von der Leyen ahead of a gathering of …
Not the time to mess with EU-US trade, EU’s Costa says Read More »
