Monte dei Paschi launches 13.3-billion-euro all share bid for Mediobanca
By Valentina Za MILAN (Reuters) – Bailed-out lender Monte dei Paschi di Siena (MPS) said on Friday it was launching a 13.3 billion euro ($13.9 billion) all-share buyout offer for Mediobanca (OTC:MDIBY), in the latest surprise twist of a complex…
Harry Potter publisher Bloomsbury strikes supply agreement with Amazon
(Reuters) – Harry Potter publisher Bloomsbury Publishing said on Friday it has reached a new long-term supply agreement with Amazon (NASDAQ:AMZN). The publishing house, also known for publishing ‘romantasy’ novels by American author Sarah J. Maas, reiterated its confidence in…
Ericsson’s Q4 revenue, core profit rises on US demand recovery
STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson (BS:ERICAs) reported on Friday a rise in fourth-quarter revenue and adjusted operating profit as its mainstay North American market returned to growth. Net sales rose 1% to 72.9 billion crowns ($6.66 billion),…
Rolls-Royce secures £9 bln Unity contract for UK submarine fleet
Investing.com — Rolls-Royce (LON:RR) on Friday said that it has won the biggest defence contract in its history, as the UK Ministry of Defence (MoD) awarded the engineering giant a £9 billion deal to oversee the development and support of…
Signify says CEO Rondolat to step down amid falling profits
By Hugo Lhomedet and Leo Marchandon (Reuters) -Signify, the world’s biggest maker of lights, on Friday reported a nearly 10% drop in its 2024 core profit and said CEO Eric Rondolat would step down after the annual general meeting in…
Japanese investors boost foreign stock purchases on Fed rate-cut hopes
(Reuters) – Japanese investors raised their holdings in foreign stocks, driven by a benign U.S. core inflation report that fuelled expectations of Federal Reserve cuts and boosted global equities, while a strong yen also lifted domestic buying power. They invested…