(Reuters) -British healthcare real estate investor Primary Health Properties (PHP) on Friday urged rival Assura to back its bid over a takeover offer from KKR and Stonepeak. Assura earlier this week backed U.S. private equity firms KKR and Stonepeak’s nearly 1.7 billion pound ($2.3 billion) “best and final” sweetened cash bid, valuing its shares at …
UK’s PHP urges Assura to back its bid over KKR-Stonepeak offer Read More »
By Scott Murdoch SYDNEY (Reuters) -Shein’s planned listing in Hong Kong will help the online fast-fashion retailer avoid sharp investor scrutiny of its supply chains while tapping into capital from the mainland and emerging market investors, analysts said. The Singapore-headquartered company has turned its public market debut ambitions to Hong Kong after failing to win …
Shein’s planned Hong Kong listing to benefit from wider capital pool, analysts say Read More »
LONDON (Reuters) -The pound fell on Friday, in sync with other volatile currencies such as the Australian dollar, after Israel launched a flurry of strikes on Iran, sending investors scurrying into the relative safety of the dollar. Sterling fell almost 0.7% to a low of $1.35225, mirroring the 0.9% declines in the Aussie and New …
Sterling drops as Israel’s strikes on Iran boost safe-haven dollar Read More »
LONDON (Reuters) -European shares were set to open sharply lower on Friday after Israel launched widescale strikes against Iran, which pushed the oil price up by 7% and drove a rush out of risk assets. Euro STOXX 50 futures, which track blue-chip euro zone stocks, dropped 1.4%, <with contracts on the German and French benchmarks …
European share futures plunge after Israel strikes Iran Read More »
By Maria Martinez BERLIN (Reuters) -Cutting bureaucracy would give German companies more confidence in economically uncertain times, according to a survey from the German Economic Institute IW seen by Reuters on Friday. Of the more than 2,000 companies surveyed, 97% said reducing bureaucracy would increase their confidence, while 75% said it would have a “strong …
Cutting red tape key to restoring confidence of German companies, survey shows Read More »
By Nell Mackenzie LONDON (Reuters) -Hedge fund returns so far this year show a stark divide between those that have been able to navigate U.S. President Donald Trump’s erratic decision making and switch tactics quickly and those hemmed in by algorithmic strategies. Systematic hedge funds, whose algorithms ride market trends until they peter out, are …
(Reuters) -Meta has finalized a $14.3 billion purchase of a 49% stake in data labeling startup Scale AI, according to sources familiar with the matter. Scale AI said late on Thursday that the deal would value it at $29 billion and that the startup’s chief executive, Alexandr Wang, would join Meta to head a new …
Factbox-Meta’s Scale AI stake buyout spotlights other major deals amid regulatory risks Read More »
By David Milliken LONDON (Reuters) -British businesses hired staff at a slower pace in May as demand for staff fell for an eighth consecutive month, but there were some signs that the downturn was beginning to bottom out, a survey of recruiters showed on Friday. The Recruitment and Employment Confederation said its members reported a …
UK hiring slows again in May but downturn might be easing, recruiters say Read More »
(Reuters) -Investment firm Gordon Brothers has acquired Pepco Group’s struggling Poundland business for a nominal value and will invest up to 80 million pounds ($108.5 million) to help fuel its turnaround, the companies said on Thursday. Pepco has been weighing options for the more than 800-store British discount retailer since December, and last month warned …
Gordon Brothers buys UK’s Poundland, to invest up to $108.5 million in revival Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Union should further slash the number of companies subject to its environmental and corporate sustainability rules, the European Parliament member leading negotiations on the policies said on Thursday. The European Commission proposed a “simplification omnibus” in February that it said would help European firms compete with foreign rivals …
Lead EU lawmaker on sustainability laws proposes more cuts Read More »
