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ABB to launch $1 billion share buyback on April 3
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Apollo assures investors deposit flight won’t spill over to Athene
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Nestle closes French Buitoni factory hit by E.coli outbreak
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Philips expects to reach recall settlements this year
Iveco to transfer Nordic retail and commercial operations to Hedin
Date: March 30, 2023
MILAN (Reuters) – Italian truck and bus maker Iveco Group said on Thursday it had struck a preliminary deal with Sweden’s Hedin Mobility Group to transfer it its distribution and retail business in Nordic countries to simplify its operations. Iveco Chief Executive Gerrit Marx said Hedin’s “remarkable market penetration” would help his company support its...
Petrofac, Hitachi Energy receive $14 billion agreement from TenneT
Date: March 30, 2023
(Reuters) – Petrofac Ltd said on Thursday it was awarded a 13 billion euro ($14.09 billion) framework agreement with Hitachi Energy by Dutch-German electricity grid operator TenneT to supply offshore platforms and onshore converter stations. The multi-year framework agreement, which the oilfield services provider said represents the largest in its history, is part of TenneT’s...
Analysis-Rate rises pile pain on SME firms in U.S. and Europe
Date: March 30, 2023
By Chiara Elisei LONDON (Reuters) – U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid interest rate rises, with analysts and investors warily watching for the impact of tighter credit conditions exacerbated by recent banking turmoil. Unlike large companies that typically issue fixed-rate debt and have little...
Polish e-commerce firm Allegro eyes higher Q1 profit
Date: March 30, 2023
By Anna Pruchnicka (Reuters) -Poland’s biggest e-commerce platform Allegro said on Thursday it expects core earnings to rise in the first quarter, as it focuses on cost control amid continuing economic uncertainty. Allegro is looking to keep costs down as it integrates the Mall Group business it bought last year and adapts to consumers spending...
New York catches up with London to head City’s global centres survey
Date: March 30, 2023
By Huw Jones LONDON (Reuters) – London is no longer the clear leader among global financial centres after New York rose from second place to level peg with the British capital as more companies list in the United States, the City of London Corporation’s said on Thursday. The City, which administers London’s financial district, said...
Soccer-Arsenal reach Women’s Champions League semis for first time since 2013
Date: March 30, 2023
(Reuters) – Arsenal reached the Women’s Champions League semi-finals for the first time in 10 years after beating Bayern Munich 2-0 in their last-eight second leg on Wednesday to go through 2-1 on aggregate. Frida Maanum and Stina Blackstenius scored in the first half at the Emirates Stadium as Arsenal overturned a 1-0 deficit against...