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Top StoriesManchester United Posts Smaller First-Quarter Loss on Cost Cuts
BusinessTotalEnergies Pauses Business With Adani, Says It Was Not Aware of US Investigation
FinanceUK Regulator Fines Barclays $51 Million Over Disclosures Related to Qatar Dealings
InvestingGerman Defence Firm Renk Group Appoints Alexander Sagel as CEO
Adani Group Could Find Funding Harder After US Indictment as Banks Review Credit
Date: November 22, 2024
By Scott Murdoch and Tom Westbrook (Reuters) -Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to...
Adani Group Stocks, Bonds Fall for a Second Day After Founder’s US Indictment
Date: November 22, 2024
By Scott Murdoch and Tom Westbrook (Reuters) –Stocks and bonds of India’s Adani Group dropped for a second session on Friday after a U.S. arrest warrant was issued for its billionaire founder Gautam Adani over an alleged $265 million bribery scheme. Adani Green Energy, the company at the centre of the case, was down 8%...
Vw Union Proposes $1.6 Billion of Cuts, but No Plant Closures
Date: November 21, 2024
By Victoria Waldersee and Christina Amann BERLIN/WOLFSBURG (Reuters) -Volkswagen workers offered on Wednesday to back 1.5 billion euros ($1.6 billion) in cost savings if it rules out closing plants in Germany, but warned the automaker would face an historic battle if it pressed ahead with swingeing cuts. The proposal comes a day ahead of a...
LetterOne Loses First UK National Security Appeal Over Forced Broadband Sale
Date: November 21, 2024
LONDON (Reuters) -Russian oligarch-backed investment firm LetterOne lost its challenge to the enforced sale of a broadband provider on Wednesday, in the first challenge under Britain’s recent national security law to reach London’s High Court. LetterOne, whose owners include sanctioned oligarchs Mikhail Fridman and Petr Aven, was made to sell regional provider Upp in December...
Activist Investor Gatemore Calls on UK Pollster YouGov to Explore Sale
Date: November 21, 2024
(Reuters) -Activist investor Gatemore Capital on Wednesday urged British polling and research company YouGov to conduct a review of its business and initiate a sale process. Gatemore attributed the company’s share price performance to operational missteps. YouGov’s shares have fallen 63.7% so far this year. Some concerns outlined by Gatemore, which has a stake of...
Britain’s Thames Water Gets Creditor Nod for $506 Million Reserve Funds
Date: November 19, 2024
(Reuters) -Britain’s Thames Water said on Monday creditors of its Class A debt approved a proposal to let it use about 400 million pounds ($505.88 million) of cash from its reserve accounts, providing a cash runway to February 2025. The proposal is part of a broader 3-billion-pound funding lifeline the indebted utility announced last month...