Italy’s MPS shares fall ahead of Mediobanca board meeting on bid
By Giulia Segreti and Valentina Za ROME/MILAN (Reuters) – Shares in Monte dei Paschi (MPS) fell again on Monday, extending Friday’s losses, signalling lingering investor doubts over the bailed out Tuscan bank’s bid for bigger rival Mediobanca (OTC:MDIBY). On Friday,…
British Land stock drops following stake sale
Investing.com — Shares of British Land (LSE:LON:BLND) fell 1.5% after the company announced the sale of a 50% stake in Broadgate REIT, which is developing the 2 Finsbury Avenue scheme in London. The stake was sold to Modon, an Abu…
UMG shares rally after new multi-year pact with Spotify
Investing.com — Universal Music Group (AS:UMG) and Spotify (NYSE:SPOT) have announced a new multi-year deal for recorded music and publishing, the companies announced in a Sunday statement. The agreement includes a direct license between Spotify and UMG, spanning the US…
SGS ends talks over potential $30 billion merger with Bureau Veritas
ZURICH (Reuters) -Swiss testing and inspection group SGS (SIX:SGSN) has ended talks over a potential $30 billion merger with French rival Bureau Veritas after the two sides failed to reach agreement over the deal, it said on Monday. “SGS and…
Johnson Matthey to boost cash efficiency, cut spend in hydrogen technologies
(Reuters) – British autocatalyst maker Johnson Matthey (LON:JMAT) said on Monday it has implemented plans to significantly increase its cash efficiency and cut its capital expenditure in hydrogen technologies business following pressure from its top investor. Standard Investments, the largest…
Ryanair beats profit forecast on improving fares, trims traffic outlook
By Conor Humphries DUBLIN (Reuters) -Ryanair, Europe’s largest low-cost carrier, posted an after-tax profit for the three-month period ended Dec. 31 that beat analysts’ forecasts on Monday, but revised down its passenger outlook on delays in Boeing (NYSE:BA) aircraft delivery….