2022

(Reuters) – London-based real estate agent Foxtons Group has decided to appoint rival Chestertons’ CEO Guy Gittins as its new CEO, Sky News reported on Sunday. Gittins will take over from Nic Budden in the face of rising pressure from activist shareholders to sell the company, the newspaper reported https://news.sky.com/story/foxtons-gazumps-london-rival-chestertons-with-raid-on-ceo-gittins-12623917. In March 2022, Converium Capital,…

BERLIN (Reuters) – German carmaker Volkswagen said on Sunday it was taking seriously an investigation by Brazil’s public prosecutors into alleged human rights violations in the country as reported by German media. “We can assure you that we take the possible events at Fazenda Rio Cristalino, to which the investigation by the Brazilian investigating authorities…

MILAN (Reuters) – Telecom Italia (TIM) and state lender CDP are expected to reach preliminary agreement on Sunday to merge the phone group’s fixed network assets with those of state-backed rival broadband firm Open Fiber, three sources close to the matter said. The move will pave the way for a single broadband network, as TIM…

By Nichola Saminather TORONTO (Reuters) -Canadian banks wrapped up second-quarter earnings season last week, with most reporting better-than-expected profits, in large part by reducing the amounts of funds they set aside for future loan losses, raising questions among investors and analysts about whether they are too sanguine about looming risks. Rising prices and the central…

By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is considering tightening a state guarantee scheme designed to help banks shed bad debts while weighing its extension to cushion the hit from the Ukraine war and the pandemic, according to people familiar with the matter. Since its 2016 launch, the ‘GACS’ scheme has helped…

By Giuseppe Fonte and Valentina Za ROME (Reuters) – Italy is considering tightening a state guarantee scheme designed to help banks shed bad debts while weighing its extension to cushion the hit from the Ukraine war and the pandemic, according to people familiar with the matter. Since its 2016 launch, the ‘GACS’ scheme has helped…

SYDNEY (Reuters) – AGL Energy Ltd could launch a strategic review as early as Monday as doubts grow over the Australian power producer’s plans to split into two companies, the Australian newspaper reported. AGL was mulling its options on Sunday amid market speculation that breaking the company into retail and generation units may lack the…

HOUSTON (Reuters) – Striking workers at Chevron Corp’s Richmond, California, refinery voted on Saturday to ratify the latest contract offered by the company, ending a 10-week strike, said sources familiar with the vote. About 500 workers began the strike on March 21 in a dispute over pay to match the high-cost of healthcare in the…

(Reuters) – Rivian Automotive said on Friday Charly Mwangi, who helped kick-start the electric-vehicle maker’s manufacturing process, will leave the company. Mwangi, a former Tesla Inc executive, served as Executive Vice President from May 2020 at Rivian. He brought the R1T pickup truck and R1S SUV to production in late 2021. His departure comes amid…