business
Business
EDF capital increase to take place in coming weeks, CEO says
Business
GSK to name consumer healthcare unit ‘Haleon’ after spin-off
Business
Ireland nears Facebook decision key to EU-U.S. data transfers
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Corporate sustainability push a $35 trillion dollar conundrum for auditors
Hargreaves’ asset growth, net new business slows; shares fall
Date: February 23, 2022
By Sinchita Mitra (Reuters) -Britain’s biggest retail stockbroker Hargreaves Lansdown on Tuesday reported slower growth than analysts had expected in the assets it manages and net new business for the half year to December, sending its shares sliding over 15%. London-listed Hargreaves reported net new business of 2.30 billion pounds ($3.12 billion) in the half year, but that was...
Telecom Italia to decide on KKR approach by mid-March
Date: February 23, 2022
By Elvira Pollina and Valentina Za MILAN (Reuters) – Telecom Italia (TIM) is expected to make a decision on a 10.8 billion euro ($12.2 billion) takeover proposal from U.S. private equity firm KKR by the middle of next month. The U.S. private equity fund made a non-binding approach to take the former phone monopoly private...
German economy grows at fastest rate for six months in February -PMI
Date: February 22, 2022
BERLIN (Reuters) – Improving demand for services pushed business activity across Germany’s private sector to a six-month high in February, and while manufacturing lagged due to COVID-19 infections among staff the sector also showed signs of recovery, a survey showed on Monday. IHS Markit’s flash services Purchasing Managers’ Index (PMI) rose to 56.6 in February, up from...
EU draft law would require firms to check suppliers for human rights, environmental ethics
Date: February 22, 2022
By Simon Jessop and Jan Strupczewski BRUSSELS (Reuters) – The European Commission will unveil on Wednesday a proposal to make large companies operating in the European Union check that their suppliers from around the world do not use slave or child labour and that they respect environmental standards, a draft of the law showed. The...
Valneva receives 12.5 million pound COVID-19 vaccine manufacturing grant in Scotland
Date: February 22, 2022
(Reuters) – The Scottish unit of French vaccine maker Valneva has received a grant of up to 20 million pounds ($27 million) to partly fund the research and development (R&D) of manufacturing its COVID-19 vaccine VLA2001, the company said on Monday. Valneva will receive the funds from Scotland’s national economic development agency Scottish Enterprise, which...
Thyssenkrupp hydrogen IPO plans face market headwinds – sources
Date: February 22, 2022
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) – A steep drop in hydrogen shares is likely to hit the valuation of Thyssenkrupp’s hydrogen unit Nucera, according to investor and financial sources, which could make it more challenging to list the division in a potential share sale. Putting a value on Nucera has been a...