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1 week ago | 
inspectioneering.com | Alban Kacher |Jan Harvey |Tomasz Janowski
Energy major ExxonMobil (XOM.N) has entered into exclusive negotiations with the French unit of Canadian energy group North Atlantic to divest its majority-owned French subsidiary Esso (ESSF.PA), it said on Wednesday.
The sale is expected to take place in the last quarter of this year, at a price of 149.19 euros ($168.82) per Esso share before distributions, or 32.83 euros after distributions, Esso said in a statement.
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1 week ago | 
today.westlaw.com | Jan Harvey
BRUSSELS (Reuters) -Italian bank UniCredit has offered concessions in an attempt to secure EU antitrust approval for its acquisition of Banco BPM, according to an updated filing on the European Commission website. UniCredit put in its offer on Monday,...
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1 week ago | 
cp24.com | Anna Ringstrom |Marie Mannes |Terje Solsvik |Jan Harvey
STOCKHOLM - Sweden's Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday. The layoffs represent around 15 per cent of the company's office staff, with close to three-quarters of job losses expected to occur in Sweden and the rest in the company's global operation, Volvo Cars said in a statement.
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2 weeks ago | 
cp24.com | Arasu Kannagi Basil |Shailesh Kuber |Jan Harvey
Canada's second largest lender TD Bank on Thursday reported better-than-expected quarterly earnings driven by growth at its capital markets business, as a volatile environment boosted trading activity. The lender also announced a restructuring program to save up to $650 million annually, including layoffs of about 2% or some 2,000 of its employees, business wind-downs and exits.
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2 weeks ago | 
today.westlaw.com | Jan Harvey |Svea Herbst Bayliss |Leslie Adler
NEW YORK (Reuters) -Billionaire investor Daniel Loeb is transforming his London-listed investment company into an insurance holding company following years of criticism about its valuation discount to his New York-based hedge fund Third Point.
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3 weeks ago | 
today.westlaw.com | Jan Harvey |Tala Ramadan |Ahmed Abbas Elimam |Michael Georgy
DUBAI (Reuters) -The United Arab Emirates plans to raise its energy investments in the United States to $440 billion in the next decade, it said on Friday, boosting U.S. President Donald Trump's efforts to secure major business deals on a Gulf tour....
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3 weeks ago | 
today.westlaw.com | Jan Harvey
LUXEMBOURG (Reuters) - U.S. chipmaker Intel on Friday sparred with EU antitrust regulators over a 376 million euro ($421.4 million) fine levied nearly two years ago for excluding rivals from the market, arguing that it was disproportionate and...
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3 weeks ago | 
gurutrade.com | Francesca Landini |Giulia Segreti |Jan Harvey
MILAN, May 15 (Reuters) - Italy's power network operator Terna stuck to its guidance for this year after reporting a 4% rise in its first-quarter core profit.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 652 million euros ($730.70 million), in line with an average estimate by LSEG.
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3 weeks ago | 
gurutrade.com | Ashitha Shivaprasad |Pratima Desai |Jan Harvey |David Evans
LME aluminium gained 7% last year
Recession risks could push aluminium prices below $2,000, Morgan Stanley says
Aluminium could outperform copper this year, analyst says
May 15 (Reuters) - Weakness in aluminium demand linked to trade tensions will likely weigh on prices this year, but a longstanding cap on Chinese output could limit losses, analysts said.
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3 weeks ago | 
gurutrade.com | Piotr Lipinski |Jan Harvey
May 15 (Reuters) - Shares in video game maker Ubisoft dropped heavily on Thursday after the French game developer guided for this year's cash generation to remain negative, while expecting its operating income at a breakeven.
The company, which is behind the Assassin's Creed franchise, reported on Wednesday a 20.5% drop in its full-year 2024-2025 net bookings due to delayed releases and the underperformance of some of its leading titles.
