By Francesca Landini MILAN (Reuters) -Enel is focused on introducing a share buyback plan and negotiating an extension of its network licence in Italy, the utility’s management said on Thursday after steady first-quarter results. Following the example of oil and gas majors, the state-controlled group will urge shareholders at an annual meeting on May 22 …
Enel focuses on share buyback, Italian licence after steady Q1 Read More »
(Reuters) -Swiss lender UBS is in talks to sell its hedge fund unit, O’Connor, to U.S. brokerage Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter. Talks of the deal, which the report said could involve a revenue sharing agreement, come at a time when the Swiss bank is looking to …
UBS in talks to sell hedge fund O’Connor to Cantor Fitzgerald, Bloomberg News reports Read More »
(Reuters) -Warner Bros Discovery is moving towards a potential breakup, CNBC reported on Thursday, as media companies explore options for their struggling cable TV businesses and sharpen focus on their faster-growing streaming and studios divisions. WBD shares surged more than 4% on the news, rebounding from earlier losses of nearly 6% that were triggered by …
Warner Bros Discovery moving towards splitting company, CNBC reports Read More »
LONDON (Reuters) – Britain’s farmers union gave Thursday’s U.S.-UK economic deal a mixed reception, welcoming the retention of British food standards on U.S. imports and reciprocal market access for beef, but flagging concern over a removal of tariffs on bioethanol. The deal gave UK farmers a U.S. quota for beef of 13,000 metric tonnes, which …
Britain’s farmers welcome no weakening of import standards in US-UK deal Read More »
(Reuters) -British Airways parent IAG is poised to order about 30 Boeing 787 Dreamliner aircraft, Bloomberg News reported on Thursday, citing people familiar with the matter. The deal may also include options that increase the number of planes, the report stated. Airbus may also receive some widebody orders from IAG. Boeing and IAG did not …
British Airways parent IAG to order about 30 jets from Boeing, Bloomberg News reports Read More »
By Pritam Biswas (Reuters) -Coinbase, the largest publicly traded cryptocurrency exchange, said on Thursday it will buy derivatives exchange Deribit in a $2.9 billion deal to expand into the crypto options markets. The move underscores a push by crypto firms to widen their institutional investor base, while also catering to retail traders who are becoming …
Coinbase buys Deribit in $2.9 billion deal to expand crypto options base Read More »
PARIS (Reuters) – The European Commission has approved a 5 billion euro ($5.6 billion) French scheme to facilitate the export of wines and spirits to the United States, it said on Thursday. The Commission said the temporary scheme – approved under EU state aid rules – will be in place from May 8 to July …
EU approves 5 billion euro French scheme for wine exports to US Read More »
FRANKFURT (Reuters) -Deutsche Bank Chief Executive Christian Sewing said on Thursday that the lender will seek a more ambitious target for a key profit metric in the years ahead. This year the bank is aiming for a 10% return on tangible equity. “To be a leading bank in Europe, we need to increase it to …
Deutsche Bank to seek more ambitious return on tangible equity Read More »
By Sanchayaita Roy, Ragini Mathur and Twesha Dikshit (Reuters) -British blue-chips closed lower on Thursday, while midcaps clocked gains as investors weighed up a trade deal between the United States and Britain, the latest in a saga of global trade developments. The United States and Britain announced a “breakthrough deal” on trade, where London agreed …
British equities mixed as markets mull US-UK trade deal Read More »
By Sukriti Gupta (Reuters) – European shares ended higher on Thursday after U.S. President Donald Trump announced a trade deal with Britain to lower tariffs, the first such agreement since Trump sparked a global trade war with his universal levies. The pan-European STOXX 600 index closed 0.4% higher, with most regional indexes also concluding the …
European stocks rise after Trump strikes tariff deal with UK Read More »
