business
Finance
UniCredit CEO says $10.5 billion Banco BPM bid is fair as offer becomes binding
Business
Britain’s Frasers launches bid for Norway’s XXL
Business
UK investor Covalis, France’s Suez team up for Thames Water bid
Business
Britain’s Guardian sells The Observer newspaper to Tortoise Media
Aviva set to buy Direct Line to create $21 billion British insurer
Date: December 13, 2024
By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint statement on Friday, the companies said a preliminary agreement had been reached...
Allianz scraps proposed acquisition of Singapore's Income Insurance, source says
Date: December 13, 2024
(Reuters) - Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with...
Lloyd's of London trade body examines planned conduct overhaul
Date: December 13, 2024
LONDON (Reuters) - Lloyd's of London members have set up a working party to examine the commercial insurance market's plans to overhaul its conduct rules, a trade body said on Friday, following...
VW top shareholder Porsche SE sees impairment on investment of up to 20 billion euros
Date: December 13, 2024
BERLIN (Reuters) - Porsche SE, the holding company which owns a third of Volkswagen, expects an impairment on its investment in the carmaker of up to 20 billion euros ($20.98 billion), it said on...
Russian watchdog blocks Viber messaging app
Date: December 13, 2024
MOSCOW (Reuters) - Russia's communications watchdog Roskomnadzor said on Friday it had blocked access to the Viber messaging app, the latest in a line of social media services to be banned by Russian...
Russia's Novatek hires lobbyists to thaw US relations, sources say
Date: December 13, 2024
By Anna Hirtenstein and Marwa Rashad LONDON - Russia's largest liquefied natural gas producer Novatek is working with lobbyists in an attempt to rebuild U.S. relations after Washington imposed...