(Reuters) -Private equity firms KKR and Stonepeak Partners raised their offer for Britain’s Assura on Wednesday to almost 1.7 billion pounds ($2.3 billion), topping a rival bid with their “best and final” offer for the healthcare real estate investor. The 52.1 pence a share offer, including dividends, trumps the 51.7 pence proposed by rival suitor …
KKR-Stonepeak raise bid in battle for UK’s Assura to $2.3 billion Read More »
By Charlotte Van Campenhout PARIS (Reuters) -A small group of Tesla owners in France is suing the carmaker run by Elon Musk, alleging its vehicles have become “far-right totems” that are harming their reputation, the law firm representing the group said on Wednesday. The group is seeking to terminate their lease contracts and recover legal …
Some French Tesla drivers file lawsuit over harm allegedly caused by Musk’s behaviour Read More »
By Lucy Raitano and Naomi Rovnick LONDON (Reuters) -Britain’s borrowing costs rose and sterling stayed close to recent three-year peaks against the dollar on Wednesday, as a multi-year spending review underlined fiscal challenges even as pressure mounts to boost the economy. British finance minister Rachel Reeves delivered a spending review dividing up more than 2 …
Sterling near highs, gilt yields rise as Reeves delivers spending review Read More »
LONDON (Reuters) -British finance minister Rachel Reeves announced her first multi-year spending review on Wednesday, dividing up more than 2 trillion pounds ($2.7 trillion) of public money between her ministerial colleagues and setting their budgets until 2029. Below is what the government has announced: DEPARTMENTAL BUDGETS Reeves announced that departmental budgets across government would grow …
Factbox-What are the key measures announced in Britain’s spending review? Read More »
ZURICH (Reuters) -UBS finance chief Todd Tuckner voiced his disappointment on Wednesday over proposed new Swiss capital regulations, which he said was the beginning of a possibly long process that the bank intends to contribute to. “Naturally, as to capital, we’re disappointed,” Tuckner said at a conference in Berlin, speaking days after the Swiss government …
UBS finance chief voices disappointment over Swiss capital rules Read More »
By Helen Reid and Inti Landauro MADRID (Reuters) -Zara owner Inditex missed expectations for first-quarter sales and early summer trading on Wednesday, as tariff fallout complicated the fast-fashion retailer’s efforts to maintain strong growth. Concerns about resurgent inflation and an economic slowdown triggered by U.S. President Donald Trump’s erratic tariff rollout have already dampened shopping …
Zara owner Inditex’s early summer sales disappoint as tariffs fuel uncertainty Read More »
LONDON (Reuters) -The world’s largest aircraft lessor AerCap can recover over $1 billion in relation to jets stuck in Russia since the invasion of Ukraine, London’s High Court ruled on Wednesday, though that is less than the roughly $2 billion it sought. The court ruled broadly in favour of leasing companies in a multi-billion-dollar legal …
AerCap can recover over $1 billion, UK court rules in case over jets ‘lost’ in Russia Read More »
LONDON (Reuters) -Britain will end the use of hotels to house asylum seekers before the next election in 2029, finance minister Rachel Reeves said on Wednesday, in a move which will save 1 billion pounds ($1.35 billion) a year. Each year, thousands of asylum seekers arrive on England’s southern coast in small boats. They are …
UK will end use of hotels for asylum seekers by 2029, Reeves says Read More »
LONDON (Reuters) -British finance minister Rachel Reeves said the government’s departmental budgets will grow by 2.3% a year in real terms, as she laid out her plans to divide up more than 2 trillion pounds ($2.7 trillion) of public spending. Reeves told parliament her fiscal rules would allow her to allocate a further 190 billion …
UK government department budgets to rise by 2.3% a year, Reeves says Read More »
MILAN (Reuters) -Norway’s sovereign wealth fund Norges Bank and Italian asset manager Banca Mediolanum on Wednesday joined a group of Mediobanca shareholders supporting its bid for private bank Banca Generali. Mediobanca in April proposed buying Banca Generali from insurer Generali as it in turn seeks to stave off a buyout from Banca Monte dei …
Norges Bank and Banca Mediolanum to back Mediobanca’s bid for Banca Generali Read More »
