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Saipem shares drop, group says cannot explain why
Date: February 14, 2023
MILAN (Reuters) – Saipem does not have any information explaining Monday’s share movements, a spokesman for the Italian energy contractor said, after the stock closed down 5.7%. More than 10% of the share capital of the group was traded on the Milan stock exchange, according to Refinitiv data. The stock hit a low of 1.3750...
Abrdn hires investment chief after year-long hiatus
Date: February 1, 2023
LONDON (Reuters) – Abrdn has hired a new chief investment officer from one of Europe’s largest global pension investors, the company said on Wednesday, as it seeks to boost returns after a turbulent period. Peter Branner will join on May 1 from APG Asset Management and will work on simplifying Abrdn’s product range, focusing on...
BNP paribas wins all regulatory approvals for sale of bank of the west
Date: January 18, 2023
PARIS (Reuters) -BNP Paribas, France’s biggest listed bank, said on Wednesday that it had received all the necessary regulatory approvals to complete its previously announced sale of Bank of the West to Bank of Montreal. BNP Paribas added that this transaction was expected to close on Feb 1. Bank of Montreal agreed in December 2021...
Credit suisse offers juicy premium to entice investors to new bond
Date: January 5, 2023
By Chiara Elisei (Reuters) -Credit Suisse on Thursday sold a 500 million pound ($595 million) senior unsecured bond maturing in March 2026, according to a lead memo seen by Reuters, in the embattled bank’s latest bid to lure in investors with a juicy premium. The new note, which was sold by the Swiss bank’s operating...
Italy’s leonardo raises FY orders guidance after strong nine months
Date: November 4, 2022
ROME (Reuters) -Italy’s state-controlled defence group Leonardo on Thursday raised its full-year guidance after reporting a sizeable jump in orders during January-September. In that period, new orders rose by 26.8% year-on-year to 11.719 billion euros ($11.42 billion), with a backlog equal to about 2.5 years of production. Meanwhile, earnings before interest, taxes and amortisation (EBITA)...
Exclusive-Bowing to investor demand, funds ramp up ex- China emerging market strategies
Date: October 31, 2022
By Xie Yu and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Money managers are launching emerging market or Asia products with no exposure to China to meet increasing demand for such strategies from global investors wary of rising policy and geopolitical risks in the world’s second biggest economy. Chinese equities make up 31% of the MSCI...