By Lawrence White LONDON (Reuters) -HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group could fail due to interest rate hikes in France that boosted the amount of capital the buyer will need, the British bank said on Friday. The potential failure of the deal would undo one of HSBC’s …
HSBC warns France sale in jeopardy over capital concerns Read More »
VIENNA (Reuters) -Russian gas group Gazprom’s Austrian business has filed for insolvency and hopes to restructure, a lawyer for the company said on Friday, blaming a halt to Russian gas deliveries that he said resulted from a dispute with Germany’s Uniper. The German utility said in November it had launched an arbitration process in pursuit …
Gazprom’s Austrian business files for insolvency over Uniper dispute Read More »
By Ron Bousso LONDON (Reuters) -Investor advisers ISS and Glass Lewis have recommended BP shareholders oppose a climate resolution filed by activist group Follow This at the oil company’s annual general meeting later this month. Follow This said in December it had co-filed resolutions with six major institutional investors managing $1.3 trillion in assets ahead …
Two investor advisers recommend BP shareholders oppose activist climate resolution Read More »
By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) – Bayer Chairman Norbert Winkeljohann has won backing for his re-election from a pair of major shareholder advisory firms despite criticism from two German investment groups for his numerous board commitments. In separate reports made available to Reuters, Institutional Shareholder Services (ISS) and Glass Lewis said they …
Bayer chair wins backing from major shareholder advisory firms Read More »
MILAN (Reuters) -Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday. Elkann said the Italian company’s two latest models, the 296 GTS plug-in hybrid car and the Purosangue four-seater had boosted its product portfolio, “delivering a record number of orders …
Ferrari has record orders “well into” 2024, chairman says Read More »
By Samuel Indyk LONDON (Reuters) – The British pound edged lower on Friday but remained close to a 10-month high against the dollar, supported by improving appetite for risk ahead of a big week of British data that could provide clues on the outlook for monetary policy. The pound briefly hit its highest level since …
(Reuters) – 888 Holdings Plc’s <888.L> shares shot up over 18% after the British bookmaker forecast higher adjusted core profit for 2023 and said it expects to partially recover revenues lost due to its suspension of VIP activities in the Middle East. Gibraltar-headquartered 888 also said it is cutting costs and focusing on core and …
Bookmaker 888 sees higher 2023 profit, partial Mideast revenue recovery Read More »
LONDON (Reuters) – The number of jobs being advertised online in Britain on April 6 was 18% lower than a year earlier, though up 1% from the week before, according to weekly data from recruiter Adzuna released by Britain’s Office for National Statistics. The ONS also said debit card spending at pubs, restaurants and fast …
UK has 18% fewer jobs advertised online than a year ago: ONS Read More »
LONDON (Reuters) – British train companies have made a new offer to rail workers in a bid to end a long running dispute over pay, the group representing the rail industry said on Friday. Britain’s transport network has been hit by a series of disruptive strikes over several months as workers demand better wages to …
UK rail firms make new offer in bid to end strikes Read More »
(Reuters) -Global recruitment company Hays said employers had reduced the number of new temporary hires but extended existing contracts, helping it to post record net fees in the three months to March, despite a tough permanent job market. Inflation and concern of recession have led many companies to cut jobs or freeze hiring, while shifting …
Recruiter Hays boosted by record net fees, but cautious on outlook Read More »
