Lloyd’s of London said on Tuesday that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to “drive long-term culture change” in the world’s oldest insurance market.
GKSD Investment Holding confirmed on Tuesday that it could make an offer to buy NMC Health , a day after the London-listed healthcare group revealed approaches from two private equity groups.
German wholesaler Metro on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division’s stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.
Mercedes-Benz has re-started production of luxury passenger cars in Beijing this week, Ola Kaellenius, Chief Executive of parent company Daimler , said on Tuesday.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Daimler AG slashed its dividend to the lowest since the financial crisis and promised deeper cost cuts as Chief Executive Officer Ola Kallenius frees up cash to pay for an accelerated electrification effort in the coming year.Kallenius, whose restructuring push has failed to gain traction in his first nine months on the job, is cutting the dividend by two thirds to 0.90 euros ($0.98) a share. Daimler will also reduce personnel costs by more than 1.4 billion euros by the end of …read more […]
Shares in French tire maker Michelin fell on Tuesday after the company forecast a slightly lower operating income for 2020 and flagged uncertainty to its business from the coronavirus crisis in China.
Investors who take an interest in Banco Santander, S.A. (BME:SAN) should definitely note that insider Ramiro Mato… …read more […]
Airbus SE is confident of selling more than 1,000 A321XLRs aircraft, a longer-range version of the single-aisle A321neo jetliner, over the next 10 years, a senior executive at the manufacturer said on Tuesday.
Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold.
Daimler cut its dividend on Tuesday to 0.90 euros ($0.98) a share after 2019 earnings more than halved, weighed down by restructuring and legal charges in what amounts to the third profit warning for new Chief Executive Ola Kaellenius.
Britain’s competition watchdog said on Tuesday a takeover of sports retailer Footasylum by larger rival JD Sports could leave shoppers worse off, and a sale of the business might be the only way to protect consumer interests.
GKSD Investment Holding on Tuesday confirmed it was in the preliminary stages of considering an offer for NMC Health , a day after the healthcare group revealed two approaches from private equity groups.
The UK Competition and Markets Authority (CMA) said on Tuesday it believed a takeover of sports retailer Footasylum by JD Sports could leave shoppers worse off, and forcing a sale of the business might be the only way to protect consumer interests.
British retailer Marks and Spencer said on Tuesday it had appointed Eoin Tonge as its new chief financial officer, taking over from interim CFO David Surdeau in June.
(Bloomberg) — Want the lowdown on what’s moving Asia’s markets in your inbox every morning? Sign up here.U.S. and European stock futures climbed with Asian equities as investors pushed a gauge of global stocks close to reclaiming a record high ahead of commentary from Federal Reserve Chairman Jerome Powell.Benchmarks in Hong Kong and Seoul climbed more than 1%, while Chinese shares posted their sixth day of advances. Japanese financial markets are shut for a holiday. The risk appetite began in the U.S. where the S&P 500 Index climbed to a new high Monday, with most sectors advancing. The Chinese yuan …read more […]
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