(Reuters) – Britain’s water regulator on Friday confirmed the implementation of commitments from struggling Thames Water to address its license violation after the loss of its investment grade credit ratings. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D’Souza)
By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -Workers at Canadian National Railway will begin returning to work on Friday, the Teamsters union said, hours after the Canadian government moved to end an unprecedented rail stoppage. The union said the work stoppage at Canadian Pacific Kansas City would continue pending an order from the Canadian …
Canada moves to end rail shutdown quickly; CN workers to return to work Read More »
(Reuters) -Skydance Media is accusing Paramount Global’s special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday. This comes after veteran media executive Edgar Bronfman Jr sweetened his bid to take over Paramount offering …
Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports Read More »
(Reuters) – Swedish medical-equipment maker Getinge said on Thursday it will acquire U.S.-based organ transport company Paragonix Technologies for about $477 million. Getinge will acquire all the issued and outstanding shares of the privately-held Paragonix on a cash and debt-free basis, adding that the initial payout related to the acquisition will be financed through a …
Swedish firm Getinge to buy Paragonix Technologies for about $477 million Read More »
By John Revill and Richa Naidu ZURICH/LONDON (Reuters) – Nestle is replacing CEO Mark Schneider with company veteran Laurent Freixe, the Swiss food group said on Thursday, marking a change of leadership as it faces a challenge to grow sales. Schneider has decided to step down as CEO and a member of the board of …
Nestle replaces CEO Schneider with company veteran Freixe Read More »
By Giselda Vagnoni and Guglielmo Mangiapane PORTICELLO, Italy (Reuters) -The body of British tech magnate Mike Lynch was retrieved on Thursday from the wreck of his family yacht that sank this week off the coast of Sicily during a violent storm, a senior Italian official said. Lynch’s 18-year-old daughter Hannah is still unaccounted for, interior …
Body of British tech entrepreneur Lynch retrieved from yacht, daughter missing Read More »
By Arunima Kumar (Reuters) – North Sea oil and gas company Ithaca Energy reported a nearly 34% fall in net profit for the first half of the year on Thursday, hurt by lower production, a decline in natural gas prices and impairment charges. Shares of Ithaca, fell about 2.3% to 128p in morning trade. Ithaca, …
Ithaca Energy profit falls on lower production and natgas prices Read More »
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -Deutsche Bank has more work to do to overcome its Postbank troubles even after announcing settlements with more than half the plaintiffs who had accused it of underpaying them in its takeover of the German retail bank in 2010. Deutsche Bank’s shares initially rose about 3% on …
Deutsche Bank settles bulk of Postbank claims, but others hold out Read More »
(Reuters) – Euro zone negotiated wage growth slowed last quarter, bolstering the case for another interest rate cut in September and assuaging policymakers’ fears that runaway labour costs would continue to put upward pressure on inflation. Growth in negotiated wages slowed to 3.55% in the second quarter from 4.74% three months earlier, primarily because of …
Euro zone negotiated wage growth slows, boosting ECB rate cut hopes Read More »
By Martin Coulter LONDON (Reuters) -Donald Trump’s potential White House return has helped spur a flurry of investment in defence-technology startups across Europe, according to eight prominent industry executives and investors. The Republican presidential candidate has threatened U.S. withdrawal from NATO and said he would not defend allies that did not increase their defence budgets. …
Trump anxiety spurs investment in European defence startups Read More »
