Cash deal with PE firm Altor and minority shareholders Will boost Nordic presence, DNB CFO says No job cuts expected, deal to finalise in H1 2025 STOCKHOLM, Oct 21 (Reuters) – Norway’s largest bank DNB (DNB.OL), opens new tab has agreed to buy Swedish investment bank and asset manager Carnegie …
Read More »Royal Mail’s sister business GLS to buy 20% stake in Greece’s ACS for $80 million
Oct 21 (Reuters) – Parcel services firm GLS, the international sister business to the UK’s Royal Mail, has agreed to buy a 20% stake in Greece’s ACS for 74 million euros ($80.06 million), their parent International Distribution Services (IDSI.L), opens new tab said on Monday. Under the deal GLS will …
Read More »Factbox: Czech billionaire Kretinsky’s sprawling empire
April 24 (Reuters) – Daniel Kretinsky is seeking to take control of debt-laden French supermarket chain Casino (CASP.PA), in a deal that would bring several well-known retail brands under the Czech billionaire’s umbrella in France. Kretinsky, 47, a former investment bank lawyer who built one of Europe’s largest energy groups, …
Read More »Factbox: Strikes, protests in Europe over cost of living and pay
Oct 18 (Reuters) – European countries are facing more strikes and protests due to high energy prices and mounting costs of living. Here are details of some industrial actions and demonstrations. FRANCE Regional train traffic in France was cut by about half on Tuesday as several unions called a nationwide …
Read More »Spain’s number of flights in September reached 94% of pre-pandemic 2019 levels
Oct 17 (Reuters) – The number of flights from and to Spanish airports in September reached 94% of the number registered in September 2019, before the COVID-19 pandemic ravaged the travel industry, flight controlling agency Enaire said on Monday. Enaire routed 191,069 flights in September to and from the country’s …
Read More »European shares slide as recession fears grip global markets
Register now for FREE unlimited access to Reuters.com Register IMF, World Bank expect global slowdown STOXX 600 set to fall 2.4% for the week Logistics firms dragged by FedEx warning Sept 16 (Reuters) – European shares slid 1.2% on Friday as recession warnings from two major global financial institutions and …
Read More »Philips is running out of chances to reassure
Philips CEO Frans van Houten presents financial results in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier Register now for FREE unlimited access to Reuters.com Register LONDON, July 25 (Reuters Breakingviews) – Philips’ (PHG.AS) problems are mounting faster than Chief Executive Frans van Houten can treat them. Six months after seeing …
Read More »Arnault insures LVMH against future family feuds
LVMH CEO Bernard Arnault attends the Viva Technology conference in Paris, France, June 15, 2017. REUTERS/Martin Bureau/Pool Register now for FREE unlimited access to Reuters.com Register LONDON, July 22 (Reuters Breakingviews) – Bernard Arnault is finally in succession planning mode. On Thursday, the fashion king announced that Agache, the holding …
Read More »Factbox: Which British workers are heading for industrial action?
A person walks along a platform at Liverpool Street station, during heavily reduced rail services on the third day of national rail strikes, in London, Britain, June 23, 2022. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register July 21 (Reuters) – Britain faces a summer of disruption …
Read More »Royal Mail says UK business losing one million pounds a day amid union clash
A Royal Mail delivery vehicle drives along a road near Mount Pleasant, in London, Britain, June 25, 2020. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register Shares down 2% Holding company to be renamed International Distributions Services Plc Executives say ready to talk over pay July 20 …
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