Reuters UK/EU

Exclusive-Italy open to selling down MPS stake on market if terms, buyers are right – sources

By Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy’s Treasury is open to reducing its 64% stake in Monte dei Paschi di Siena (MPS) through one or more share sales on the market, three people briefed on the matter told Reuters. Such an option, however, would only be considered if financially advantageous and as long …

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Russian theatre director accused of ‘justifying terrorism’ remanded in custody

MOSCOW (Reuters) – A prominent Russian theatre director was remanded in custody for two months on Friday after being accused of justifying terrorism with an award-winning play about Russian women who married Islamic State fighters, the state news agency TASS reported. Investigators opened a case this week against Yevgenia (Zhenya) Berkovich and playwright Svetlana Petriychuk, …

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UK PM Sunak’s Conservatives suffer steep losses in local elections

By Andrew MacAskill and Alistair Smout LONDON (Reuters) -British Prime Minister Rishi Sunak’s Conservatives suffered steep losses in Friday’s local election result, undermining his attempts to revive their fortunes and emboldening the opposition Labour Party before a national vote expected next year. Sunak came to power in October following a year of political scandals, surging …

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Britain to contribute to Brazil’s Amazon fund, PM Sunak says

LONDON (Reuters) -British Prime Minister Rishi Sunak on Friday announced that his country will contribute 80 million pounds ($101.15 million) to the Amazon Fund, a major development for Brazil as the South American nation tries to garner more donors to the initiative aimed at fighting deforestation. Sunak’s pledge in a meeting with Brazilian President Luiz …

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NielsenIQ, GfK ready to sell GfK’s asset to win EU okay for tie-up, source says

By Foo Yun Chee BRUSSELS (Reuters) – Advent-owned NielsenIQ and GfK are prepared to sell the German market research firm’s consumer panel business to secure EU antitrust regulators’ concerns over their tie-up, a person with direct knowledge of the matter said on Friday. NielsenIQ will refile its request to the European Commission for approval of …

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CNH Industrial raises revenue guidance on robust tractor demand

By Bianca Flowers and Giulio Piovaccari MILAN (Reuters) – Agricultural and construction machine maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. Shares for the global industrial manufacturer rebounded in early trading …

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European shares rise as energy firms, HSBC boost; end second straight week lower

By Shreyashi Sanyal (Reuters) -European shares ended Friday on solid ground aided by a boost in shares of HSBC and from energy firms that tracked a rebound in oil prices, but wrapped a week packed with high-profile central bank meetings and heavy earnings with a decline. The pan-European STOXX 600 index closed 1.1% higher, with …

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