By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission plans to create a public-private fund of at least 10 billion euros ($11.3 billion) to help tech companies scale up as the European Union aims to narrow its innovation gap with the United States and China. Launched on Wednesday, the Commission’s “Choose Europe to start and scale” …
EU plans tech scale-up fund to narrow gap with US, China Read More »
By Niket Nishant (Reuters) -U.S.-based online brokerage Robinhood said on Wednesday it was expanding its desktop platform into the UK to extend its reach among retail investors looking for more sophisticated trading tools. The launch comes months after the company first unveiled the product for its U.S. customers. WHY IT’S IMPORTANT Retail investors are increasingly …
Robinhood rolls out desktop trading in UK to target seasoned retail investors Read More »
JOHANNESBURG (Reuters) -Valterra Platinum, the world’s biggest miner of the metal by value, made its trading debut on the Johannesburg bourse as a standalone unit on Wednesday, completing a spin-off from parent Anglo American. Its shares opened weaker on the Johannesburg Stock Exchange before changing direction in a volatile early session. Anglo’s demerger of the …
Valterra Platinum makes bourse debut as Anglo exits South African unit Read More »
By Federico Maccioni DUBAI (Reuters) -Nasdaq-listed telecom company VEON is considering a dual listing in the United Arab Emirates (UAE) in the next three to five years, its CEO said on Wednesday, after moving its headquarters to Dubai from Amsterdam last year. VEON is the parent company of Ukraine’s Kyivstar and Pakistan’s Jazz, the two …
VEON considering dual listing in the UAE in 3-5 years Read More »
COPENHAGEN (Reuters) -Iceland’s Kvika Banki said on Wednesday it would review a request from Islandsbanki to initiate merger talks in order to determine its next steps, after it received a similar offer from Arion Banki on Tuesday. Islandsbanki said in a separate statement on Wednesday that a combination of the two companies could benefit Iceland’s …
Islandsbanki requests merger talks with Kvika Banki Read More »
PARIS (Reuters) -Carrefour, Europe’s largest food retailer, does not need a large transformational deal to expand as it has “a very strong potential” as a stand-alone company, its chief executive said on Wednesday. Asked about a recent media report that retailer Ahold Delhaize held preliminary discussions on buying Carrefour in late 2024 before abandoning the …
Carrefour has very strong potential as stand-alone company, CEO says Read More »
(Reuters) -Automaker Stellantis on Wednesday named Antonio Filosa, the Italian head of its North American operations, as its CEO, effective from June 23. Filosa succeeds Carlos Tavares, who quit the group in December after sharp drops in profits and sales raised questions about his management. Milan-listed shares in Stellantis rose by as much as 1% …
Instant View: Stellantis CEO’s appointment reactions Read More »
(Reuters) -French wines and spirits company Remy Cointreau announced on Wednesday that Franck Marilly will replace CEO Eric Vallat who resigned earlier this year. Marilly will take up his new role on June 25, after a transition period working with Vallat. WHO IS HE? Marilly, 59, is from France and has more than 30 years …
Factbox-Who is Remy Cointreau’s new CEO, Franck Marilly? Read More »
By Christoph Steitz and Ilona Wissenbach FRANKFURT (Reuters) -Heidelberg Materials, the world’s second-biggest cement maker, said on Wednesday it expects operating profit growth in the medium-term to 2030 to be driven by five megatrends, including higher defence spending and a growing demand for data centres. The group’s result from current operations (RCO) is expected to …
Heidelberg Materials expects infrastructure boom to fuel profit growth by 2030 Read More »
By Emma-Victoria Farr FRANKFURT (Reuters) -German energy firm Techem continues to work towards a deal after its sale to U.S. financial investor TPG and sovereign wealth fund GIC fell through earlier this month, the company’s CEO Matthias Hartmann said late on Tuesday. The potential buyers withdrew registration of the 6.7-billion-euro ($7.59-billion) deal with the European …
Germany’s Techem still seeking deal after TPG withdraws as buyer, CEO says Read More »
