By Andres Gonzalez LONDON(Reuters) -BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge of the process, in a key step in the British energy group’s divestment plan to boost its share price. BP hired investment bank Goldman Sachs to sell the unit, the …
By Alexander Hübner and Elvira Pollina MUNICH, Germany (Reuters) -The boards of ProSiebenSat.1 have advised against an “inadequate” takeover bid from MFE-MediaForEurope, the TV broadcaster controlled by Italy’s Berlusconi family, the German broadcaster said on Thursday MFE, which has commercial TV operations in Italy and Spain, made an offer for ProSieben in March as part …
ProSieben boards advise against takeover bid from Berlusconis’ MFE Read More »
(Reuters) -Swiss food giant Nestle is refocusing on the group’s core business after straying into segments like health supplements that “weakened the fabric of the organisation,” CEO Laurent Freixe was quoted as saying in the Financial Times on Thursday. Freixe, who took the helm of the company in September, told the newspaper he did not …
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, said Matthew Barnes, its UK boss who was seen by some analysts as the likely successor to group CEO Ken Murphy, has stepped down after just 15 months in the job. Barnes, also a former boss of discounter Aldi UK, will be replaced from June …
Tesco’s UK boss Matthew Barnes steps down after 15 months Read More »
By Francesco Canepa, Jan Strupczewski and Giuseppe Fonte FRANKFURT(Reuters) -The European Union is set to delay new, global rules governing banks’ trading again as it waits for more clarity about the U.S. administration’s plans to deregulate its financial sector, sources told Reuters. The Fundamental Review of the Trading Book (FRTB) is a key part the …
Exclusive-EU to delay bank rules as it waits for Trump’s deregulation moves, sources say Read More »
By Yamini Kalia and Yadarisa Shabong (Reuters) -UK chemicals company Johnson Matthey has agreed to sell its catalyst technologies business to Honeywell International for 1.8 billion pounds ($2.4 billion), including debt, it said on Thursday, driving its shares up by a third. The British company’s catalyst technologies, which designs and manufactures catalysts used in the …
Johnson Matthey soars on $2.4 billion unit sale to Honeywell Read More »
GDANSK (Reuters) -E-commerce platform Allegro is doubling down on its local offering in a bid to differentiate itself from Asian competitors like Temu, its finance chief said on Thursday. Allegro, which aside from its home market Poland runs third-party marketplaces in the Czech Republic, Slovakia and Hungary, has in recent months removed offers with long …
E-commerce company Allegro goes local to stand out from Asian competitors Read More »
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) -Europe needs to step “out of its comfort zone” and consider much tougher sanctions on Russia, such as bans on gas or uranium, or tapping into frozen Russian state assets, Thorsten Frei, the chief of staff of Germany’s new chancellor, told Reuters. The EU and Britain announced …
New German chancellery chief calls for tougher Russia sanctions Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Parliament backed changes on Thursday to the European Union’s carbon border tariff that would exempt from the scheme companies that import less than 50 metric tons per year of relevant goods. The proposed changes exclude more than 90% of importers from what will be the world’s first carbon …
EU Parliament backs exempting 90% of companies from carbon border levy Read More »
STOCKHOLM (Reuters) -Information since the latest monetary policy decision does not deviate substantially from the view the Riksbank had earlier this month, Swedish Central Bank Governor Erik Thedeen said on Thursday. “We have somewhat elevated inflation but we expect it to come down during the course of the year,” Thedeen told Reuters on the sideline …
Inflation data supports view of easing pressure this year, Riksbank chief says Read More »
