PARIS (Reuters) -Billionaire Rodolphe Saade’s family holding Merit France has acquired a 20% stake in French cinema chain Pathe for an undisclosed amount, privately owned Pathe said on Monday. WHY IT’S IMPORTANT Saade and his shipping company CMA CGM have already become leading players in the French media landscape in recent years, buying up several …
Saade holding company buys stake in Pathe cinemas Read More »
By Klaus Lauer and Alexander Hübner BERLIN (Reuters) – Czech investment group PPF on Monday launched a bid to lift its stake in German broadcaster ProSiebenSat.1 to just under 30%, countering plans by MFE-MediaForEurope to tighten its grip on the firm. MFE, which is owned by the Berlusconi family and has commercial TV operations in …
Czech group PPF stands up to Berlusconis’ MFE with ProSieben offer Read More »
LONDON (Reuters) -Bank of England monetary policymaker Megan Greene said on Monday that wage and inflation measures were moving in the right direction but remained too high and that she was worried about rising public inflation expectations. “What’s a little bit more worrisome for me is that medium-term inflation expectations have also started picking up,” …
BoE’s Greene says price pressures still too high, inflation expectations rising Read More »
By Gwladys Fouche OSLO (Reuters) -Norway’s sovereign wealth fund, the world’s largest, said it had sold all of its shares in Israel’s Paz Retail and Energy because the company owns and operates infrastructure supplying fuel to Israeli settlements in the occupied West Bank. The divestment, announced on Sunday, was the second of its kind by …
Norway wealth fund divests from second Israeli company since Gaza war Read More »
By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank UniCredit lifted its 2025 outlook on Monday after posting a surprise increase in quarterly profit but remained resolute that it would not do deals at any cost. Italian banks have turned to deal making to drive profits now that the boost from higher interest rates is waning. …
Italy’s UniCredit raises profit outlook, still undecided on BPM deal Read More »
COPENHAGEN (Reuters) -Danish shipping group Maersk said on Monday that the agreement between China and the United States to introduce a 90-day pause on tariffs and reciprocal duties was a step in the right direction. Shares in Maersk traded 12.9% higher at 0948 GMT. “We hope it can lay the foundation for the parties to …
Shipping group Maersk says US-China deal is a step in the right direction; shares spike Read More »
By Yadarisa Shabong and James Davey (Reuters) -Shares in British meat producer Cranswick slumped about 9% on Monday after UK supermarkets suspended supplies from one of its farms on animal welfare concerns while an investigation takes place. The Mail on Sunday newspaper reported over the weekend and released footage showing alleged animal abuse carried out …
UK’s Cranswick tumbles as supermarkets suspend pork supplies from Lincolnshire farm Read More »
(Reuters) -Eli Lilly said on Sunday its drug Zepbound was superior to Novo Nordisk’s Wegovy across five weight-loss targets such as reducing waist circumference, citing data from a head-to-head trial. The data is the first head-to-head trial comparing the wildly popular medicines, and gives Lilly more firepower as it seeks to gain wider insurance coverage …
Eli Lilly’s Zepbound outperforms Novo Nordisk’s Wegovy for weight loss in trial Read More »
By Andy Bruce (Reuters) -Gloom surrounds British employers’ hiring plans after recent tax hikes and surging uncertainty in the global economy, according to surveys on Monday that chimed with the Bank of England’s forecasts for a weakening labour market. The Chartered Institute of Personnel and Development, a professional body for human resources, said its gauge …
UK employers stay downbeat on hiring plans, surveys show Read More »
LONDON (Reuters) -Bank of England Deputy Governor Clare Lombardelli said on Monday that there were signs that inflation pressures in Britain would continue to weaken but she was still cautious and would wait for evidence of the slowdown. “Caution remains appropriate. I’ll be more comfortable when I see material deceleration in the data over a …
Bank of England’s Lombardelli says caution still needed over inflation risks Read More »
