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BusinessExclusive-Slim Jim Maker Conagra Exploring Sale of Chef Boyardee, Sources Say
TradingEuropean Stocks Edge Higher as Investors Weigh Impact of French Govt Collapse
UncategorizedAsian Stocks See Heavy Outflows for Second Straight Month in November
BusinessUK’s Vodafone to Sell Remaining 3% Stake in India’s Indus Towers
Norway Eases Loan-To-Value Mortgage Limit to 90%
Date: December 4, 2024
OSLO (Reuters) – The Norwegian government will ease its loan-to-value restriction on mortgage lending, the finance ministry said on Wednesday, loosening a policy that had constrained borrowing and led to a decline in the construction of new homes. The revised rule set a maximum loan-to-value mortgage ratio of 90%, up from 85% previously, requiring borrowers...
Banks Boost Stoxx 600 to Month High, France’s Political Turmoil in Focus
Date: December 3, 2024
By Joao Manuel Vicente Mauricio and Ankika Biswas (Reuters) –Bank shares steered Europe’s STOXX 600 index to a near one-month high on Tuesday, while investors kept a close watch on France’s political turmoil as the likelihood of the government’s collapse sent shockwaves through its markets. The pan-European STOXX 600 rose 0.6% as of 0930 GMT,...
Leonardo Has No Plans to Change Its Stake in Germany’s Hensoldt
Date: December 3, 2024
ROME (Reuters) – Leonardo has no intention to change its stake in Germany’s Hensoldt, the Italian defence and aerospace group’s chief executive said on Tuesday. “Our stake is good as it is. For fair play we will wait for a decision by the German government, to make any change,” CEO Roberto Cingolani told reporters ahead...
AirBaltic Stalls IPO Until at Least the First Half of 2025
Date: December 2, 2024
By Joanna Plucinska LONDON (Reuters) -AirBaltic is pushing its planned initial public offering back to the first half of 2025 or later as its advisers suggest waiting for improved market conditions in the European sector. The Latvian airline, which had previously said it would consider an IPO in the second half of 2024, will instead...
Pzu Considers Selling Alior Bank Stake to Pekao Under New Strategy
Date: December 2, 2024
By Rafal Wojciech Nowak GDANSK (Reuters) -Poland’s top insurer PZU said on Monday it was considering selling its 32% stake in Alior Bank to Pekao, in which it holds 20%, as it seeks to simplify its structure under a new 2025-2027 strategy. PZU and Pekao, Poland’s second biggest lender, have signed a letter of intent...
Pzu Aims to Sell Alior Bank Shares to Pekao Under New Strategy
Date: December 2, 2024
GDANSK (Reuters) – Poland’s top insurer PZU said on Monday it plans to sell its 32% stake in Alior Bank to Pekao, in which it holds 20%, as it seeks to regroup its banking activities under a new 2025-2027 strategy. Poland’s state assets minister Jakub Jaworowski said in September that PZU needed a strategy to...