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UK finance minister Hunt: Good news the economy is growing
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Audit finds holes in ECB’s management of bank credit risk
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With UK food price inflation at 46-year high, lawmakers launch probe
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Carrefour Brasil in talks with Barzel Properties over $260 million deal
Nexi open to options as Banco BPM seeks partner
Date: May 11, 2023
MILAN (Reuters) -Italian payments giant Nexi is keen to enter partnerships with lenders and will adjust to their preferred models, it said on Wednesday as leading banks UniCredit and Banco BPM review options for their payments businesses. Nexi CEO Paolo Bertoluzzo made the comments as the group confirmed 2023 guidance after reporting first-quarter profit in...
Swiss prepare to evacuate village threatened by vast landslide
Date: May 11, 2023
BRIENZ, Switzerland (Reuters) – Swiss authorities have ordered residents to abandon a tiny mountain village in the eastern canton of Graubunden because of fears it will soon be buried beneath a collapsing mountainside. On Thursday, a thick coat of fog covered the mountaintop overlooking the village of Brienz, where vegetation has been replaced by slopes...
France could tax food industry over high prices – finance minister
Date: May 11, 2023
PARIS (Reuters) – The French government could use tax measures to claw back profits from the food industry if it does not accept talks on high prices, Finance Minister Bruno Le Maire said on Thursday. With food inflation running at a record 15% in recent months, the government is furious that retail prices remain high...
UK brings train operator TransPennine under temporary state control
Date: May 11, 2023
LONDON (Reuters) -Britain said it will bring TransPennine Express under temporary government control as it cancelled its contract to operate trains in the north of England and Scotland, citing months of disruption and regular cancellations across the network. The government intends to return the FirstGroup-owned company to the private sector, Britain’s transport department said on...
Snam confirms guidance after rise in first quarter sales
Date: May 11, 2023
MILAN (Reuters) – Italian gas grid operator Snam on Thursday confirmed its targets for this year after reporting a 13% year-on-year rise in revenue for the first quarter. Sales between January and March rose to 912 million euros ($1 billion) driven by the group’s regulated business, the company said. Adjusted core earnings rose 1.5% to...
Man Group picks all-female top team as CEO Ellis retires
Date: May 11, 2023
LONDON (Reuters) – Man Group will be led by two women for the first time in its history by the end of this year, after the London-listed hedge fund group said its long-standing CEO Luke Ellis will be succeeded by current president Robyn Grew. Ellis, who first joined Man Group in 2010 and will retire...