MEXICO CITY (Reuters) -Tire maker Michelin will close a plant in the state of Queretaro in central Mexico by the end of this year, the company announced on Monday. The decision was a “last resort,” prompted by changes in the passenger car and light truck tire market, the company said, adding that it affects 480 …
Tire maker Michelin announces plant closure in central Mexico Read More »
(Reuters) -Activist hedge fund Parvus Asset Management is building a stake in Novo Nordisk amid investor concerns that the Danish drugmaker has lost its first-mover advantage in the lucrative weight-loss drug market, the Financial Times reported on Monday. The London-based fund, which has earlier targeted budget airline Ryanair and Italian bank UniCredit, wants to influence …
Activist hedge fund Parvus builds stake in Novo Nordisk, FT reports Read More »
By Anna Szymanski -Reuters on Monday announced the launch of Reuters Open Interest (ROI), a new source for data-driven, expert commentary on market and economic trends for financial professionals. Drawing on Reuters footprint in 200 locations around the world, ROI provides a global perspective on the biggest financial and economic topics of the day. ROI …
By Yamini Kalia (Reuters) -U.S. chipmaker Qualcomm agreed to acquire Alphawave for about $2.4 billion on Monday, as it expands into the booming AI data center market, sending shares of the British semiconductor company surging more than 22%. Alphawave, which designs semiconductor tech for data centers, is the latest British company to be snapped up …
Qualcomm strengthens AI portfolio with $2.4 billion Alphawave deal Read More »
By Purvi Agarwal and Pranav Kashyap (Reuters) -London’s benchmark equities index was flat on Monday after a four-week bull run, in caution as top U.S. and Chinese officials met in London to try and defuse a high-stakes trade dispute. The FTSE 100 closed flat at 8,832.28 points, while the mid-cap FTSE 250 was up 0.6%. …
London’s FTSE stalls after four-week sprint as trade tensions dominate Read More »
(Reuters) -Revolution Beauty said on Monday that billionaire Mike Ashley’s Frasers Group is among several parties conducting due diligence for a potential takeover of the struggling British cosmetics company. The branded cosmetics seller put itself up for sale in May after months of languishing sales and reaching a settlement with its co-founder and former-CEO Adam Minto, which …
Mike Ashley’s Frasers conducts due diligence for potential Revolution Beauty bid Read More »
By Yadarisa Shabong and DhanushVignesh Babu (Reuters) -British scientific instruments maker Spectris said it would accept a 3.73 billion pound ($5.06 billion) bid from Advent if the U.S. private equity firm proceeds with a formal offer, sending its shares surging by 70% on Monday. Spectris’ stock price had tumbled in the aftermath of U.S. President …
Spectris open to $5 billion takeover bid from Advent, shares soar Read More »
(Refiles to fix typo in plant’s name) MILAN (Reuters) -Stellantis has started a voluntary redundancy plan for 610 workers at its Mirafiori plant in Turin, Italy, after introducing the scheme at other Italian facilities, the automaker said on Monday. Stellantis is so far cutting up to 1,600 staff in total across Italy this year through …
Stellantis offers voluntary redundancy scheme at Turin plant Read More »
By Purvi Agarwal and Pranav Kashyap (Reuters) -European shares eased in cautious trade on Monday as investors avoided making big bets pending the outcome of Sino-U.S. trade talks in London. The pan-European STOXX 600 ended slightly lower at 553.24 points, after four straight sessions of gains, its longest consecutive winning streak in three weeks. All …
Europe’s equities ease as US-China trade talks grip markets Read More »
(Reuters) -IonQ will acquire its British peer Oxford Ionics for $1.08 billion, the companies said on Monday, helping the U.S.-based quantum computing firm deepen its research expertise in the complex technology that is seeing booming investor interest. Shares of IonQ rose close to 4% premarket. The company was valued at $10.15 billion as of last …
IonQ to buy Oxford Ionics for $1.08 billion to expand quantum computing research Read More »
