By David Carnevali (Reuters) – French aerospace engine maker Safran SA is nearing an approximately $1.8 billion deal to acquire a Raytheon Technologies Corp unit that makes flight controls for aircraft, helicopters and missiles, according to a person familiar with the matter. The deal rids Raytheon of a low-margin business it inherited from its $120…
By Ananya Mariam Rajesh (Reuters) -Anheuser-Busch InBev’s Bud Light has lost its top spot in the U.S. beer market to Constellation Brands’ Modelo Especial, following backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Sales of Bud Light and Budweiser dropped 24.6% and 9.2%, respectively, for the four weeks ended June…
MILAN (Reuters) – Telecom Italia’s (TIM) leading investor Vivendi is facing a rival candidate in the race to fill a vacant seat on the former phone monopoly’s board, two sources briefed on the matter said. French media group Vivendi, which owns a 24% stake in TIM, is sponsoring Luciano Carta, a former chairman at Italian…
By Elvira Pollina and Mathieu Rosemain MILAN (Reuters) – Merger and acquisition speculation has lifted shares in MFE, the late Silvio Berlusconi’s TV business, following his death, but a number of obstacles stand in the way of any rapid deal. With a 19.8% MFE stake, Vivendi is widely seen as the natural buyer for MFE….
By Lidia Kelly and Andrew Osborn (Reuters) – Belarusian President Alexander Lukashenko has said his country has started taking delivery of Russian tactical nuclear weapons, some of which he said were three times more powerful than the atomic bombs the US dropped on Hiroshima and Nagasaki in 1945. The deployment is Moscow’s first move of…
By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains. The EU agreed in December a new rule to prevent companies from selling…
(Reuters) – Vodafone and CK Hutchison unveiled the merger of their British operations, creating the country’s largest mobile operator. Hutchison will own 49% and Vodafone 51% of the combined group, which will be led by current Vodafone UK boss Ahmed Essam. Here are some details on UK operations of both the companies: CUSTOMERS Vodafone had…
By Tom Sims FRANKFURT (Reuters) – Climate activists on Wednesday targeted two of the globe’s biggest banks – Deutsche Bank and JPMorgan – for their fossil fuel investment policies with separate protests in Germany’s financial capital, Frankfurt. Greenpeace activists scaled Deutsche Bank’s headquarters shortly after dawn and strung up a large yellow banner to protest…
By Pablo Mayo Cerqueiro LONDON (Reuters) – Deutsche Bank has added three senior dealmakers to its team of bankers advising other financial institutions, such as insurance companies and lenders, according to a memo seen by Reuters on Wednesday and confirmed by a company spokesperson. It has hired Marie-Soazic Geffroy as global co-head of its Financial…
(Reuters) – A look at the day ahead in U.S. and global markets from Harry Robertson. There’s only one show in town today: Jerome Powell’s mystery monetary tour. Powell’s Federal Reserve is embarking on something of a new era: instead of the strong “forward guidance” that has steered markets in recent years, officials have said…
