(Reuters) -Rentokil Initial CEO Andy Ransom will retire by next year, the British pest control firm said on Wednesday, after 12 years during which he oversaw a $6.7 billion acquisition and confronted challenges in North America, its largest market. Shares in the company fell 2.7% in early trading. Ransom succeeded Alan Brown as CEO in …
Pest control firm Rentokil says CEO to retire by 2026 Read More »
By Gergely Szakacs BUDAPEST (Reuters) -The share of German companies planning to boost investments in Hungary has plunged to its lowest level since Prime Minister Viktor Orban took power in 2010 amid weak demand and uncertain economic prospects, the German business chamber said. Its survey of 236 German companies in Hungary said weak business confidence …
German firms slash investment plans in Hungary amid weak outlook Read More »
(Reuters) -Italian retail sales fell 0.5% in March from the month before, data showed on Wednesday, following a 0.1% rise in February. Sales fell 2.8% in unadjusted year-on-year terms in March, ISTAT said. The data are expressed in value terms and are not adjusted for consumer prices, which increased 2.1% in March from the year …
FRANKFURT (Reuters) -Mark Branson, the president of Germany’s bank watchdog BaFin, said on Wednesday that the nation’s financial firms were in a strong position but that uncertainty would remain extremely high. “The possibility that problems in the non-banking sector have an impact on banks cannot be ruled out just because we have weathered the turbulence …
Germany finance regulator: banks strong but uncertainty high Read More »
(Reuters) -Vodafone finance chief Luka Mucic will be stepping down after less than three years in the role, the mobile group said on Wednesday, in a surprise move that could cloud the company’s prospects. The shift in management comes amid Vodafone’s efforts to revive deteriorating performance in its biggest market, Germany. In February, its …
Vodafone CFO Luka Mucic to step down in surprise move Read More »
(Reuters) -OpenAI has told investors it will share a smaller fraction of revenue with major backer Microsoft as it moves ahead with its restructuring, The Information reported on Tuesday. The ChatGPT-maker has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s …
OpenAI plans to cut Microsoft revenue share after restructuring, The Information reports Read More »
By Maria Martinez (Reuters) -German industrial orders rose more than expected in March, posting their first increase this year and potentially pointing to an improvement in the sluggish sector if trade tensions ease. Orders increased in March by 3.6% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said …
German industrial orders rise more than expected in March Read More »
(Reuters) -Italian betting firm Lottomatica on Wednesday posted a 47% jump in first-quarter adjusted core profit, boosted by a favourable payout ratio offsetting the consolidation of PWO acquired in April 2024. The Rome-based gambling group’s January-to-March adjusted core profit, or earnings before interest, tax, depreciation and amortisation, stood at 220.5 million euros ($250.4 million), while …
Italy’s Lottomatica reports 47% jump in first-quarter adjusted core profit Read More »
By Gwladys Fouche OSLO (Reuters) -Opposition efforts to allow Norway’s $1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be faltering, according to lawmakers involved in the process. The fund follows ethical rules decided by parliament that prevent it from buying stakes in the likes of Airbus, Boeing, BAE …
Push to allow Norway’s wealth fund to invest in defence companies falters Read More »
By Matthias Inverardi and Tom Sims DUESSELDORF (Reuters) – Vonovia, Germany’s largest landlord, is unexpectedly swapping out its long-serving chief executive as it seeks to recover from an industry-wide real estate slump. The company said late on Tuesday that the technology executive Luka Mucic would succeed Rolf Buch as Vonovia’s CEO by the end of …
Vonovia to swap out CEO as it recovers from German property slump Read More »
