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November 30, 2021

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India’s Paytm falls as net loss widens on higher expense

Reuters
The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration picture taken July 7, 2021. REUTERS/Florence Lo/Illustration//File Photo Register now for FREE unlimited access to reuters.com Register NEW DELHI, Nov 29 (Reuters) – Shares in India’s One 97 Communications Ltd (PAYT.NS), the......

Blue Prism shareholder Coast opposes Vista’s new takeover offer

Reuters
Nov 26 (Reuters) – Blue Prism (PRSMB.L) shareholder Coast Capital said on Friday it will not support private equity firm Vista Equity’s final takeover offer of 1.22 billion pounds ($1.62 billion) for the British software firm on grounds it undervalues the company. U.S.-based Coast, which owns around 2.8% of Blue......

Telecom Italia loses CEO in boardroom clash after KKR offer

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to reuters.com Register TIM Brazil head Labriola named director general KKR has tabled $12 billion proposal to take TIM private Under fire from top investor, CEO offers......

Traders pile into defensive options plays as COVID-19 fears return

Reuters
Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to reuters.com Register NEW YORK, Nov 26 (Reuters) – Soaring volatility on Wall Street on......

KKR, CVC Capital in talks to jointly bid for Telecom Italia – Bloomberg News

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to reuters.com Register Nov 25 (Reuters) – KKR & Co (KKR.N) and CVC Capital Partners are considering teaming up on a bid for Italy-based Telecom Italia SpA......

Japan’s Mitsubishi Materials to sell aluminium business to U.S. fund

Reuters
TOKYO, Nov 25 (Reuters) – Japan’s Mitsubishi Materials Corp (5711.T) said on Thursday it will sell its aluminium business, used for beverage cans and automotive parts, to U.S. investment fund Apollo Global Management for an undisclosed sum. Although the aluminium market is expected to grow globally, Mitsubishi Materials has decided......

Italy could restrict participation in tenders for broadband rollout – sources

Reuters
Telecom Italia’s logo for the TIM brand is seen on a building in Rome, Italy, April 9, 2016. REUTERS/Alessandro Bianchi/File Photo – RC251R9BX6V5 Register now for FREE unlimited access to reuters.com Register EU putting pressure on Italy to set a 50% cap – source Cap aims at promoting competition in......

UK to expand development finance investment to boost growth

Reuters
A person wearing a protective face mask walks over Westminster Bridge in London, Britain, November 22, 2021. REUTERS/Henry Nicholls Register now for FREE unlimited access to reuters.com Register LONDON, Nov 24 (Reuters) – Britain will expand the size and reach of its development finance institution to provide billions of pounds......

Investors watch retail stocks as U.S. holiday shopping beckons

Reuters
NEW YORK, Nov 24 (Reuters) – Investors are zeroing in on a number of hot retailers’ shares as the U.S. holiday shopping season kicks into high gear this week, weighing the potential for supply chain problems against expected strong consumer demand. The day after the U.S. Thanksgiving holiday, Black Friday,......

Italy’s Enel cranks up spending to become carbon-free by 2040

Reuters
A logo of Italian multinational energy company Enel is seen at the Milan’s headquarter, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File Photo Register now for FREE unlimited access to reuters.com Register Enel to invest 170 bln euros to 2030 Enel to exit coal by 2027, gas by 2040 Ordinary EBITDA......

EXCLUSIVE Major Toshiba shareholder objects to break-up, urges board to solicit offers

Reuters
The logo of Toshiba Corp. is seen next to a traffic signal atop of a building in Tokyo, Japan November 9, 2021. REUTERS/Issei Kato Register now for FREE unlimited access to reuters.com Register TOKYO, Nov 24 (Reuters) – Toshiba Corp’s (6502.T) second-largest shareholder on Wednesday objected to the Japanese conglomerate’s......

‘Black Friday’ drags through November amid tight U.S. inventories

Reuters
CHICAGO, Nov 23 (Reuters) – Facing scarce year-end inventories and a shortage of workers, retailers are turning “Black Friday” into a month-long event. Walmart, the world’s largest retailer, said on Monday it had already started “Black Friday” discounts, such as $30 off AirPods and KidKraft dollhouses. Walmart, whose stores will......

TIM’s top investor Vivendi digs in after KKR’s approach

Reuters
French media giant Vivendi’s logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, August 12, 2020. REUTERS/Charles Platiau/File Photo Register now for FREE unlimited access to reuters.com Register MILAN, Nov 23 (Reuters) – Telecom Italia’s (TLIT.MI)‘s top investor Vivendi (VIV.PA) said it intended to......

Germany’s E.ON plans to invest $30 billion in core business by 2026

Reuters
Adj EBITDA in core business seen at 7.8 bln euros by 2026 Proposes dividend of 0.49 euro cents for 2021 Eyes 2-4 bln euros in proceeds from portfolio adjustments FRANKFURT/DUESSELDORF, Nov 23 (Reuters) – German energy group E.ON (EONGn.DE) plans to invest about 27 billion euros ($30 billion) in its......

India’s Paytm falls for second day after debut debacle

Reuters
BENGALURU, Nov 22 (Reuters) – Digital payments firm Paytm (PAYT.NS) fell for a second session on Monday, shaving off $7.75 billion from its market value since its dismal debut in India’s biggest initial public offering last week. Shares fell 17.78% as of 0733 GMT to 1,271 rupees compared with the......

EQT, BioNTech investor consider bid for Novartis arm Sandoz -report

Reuters
A general view of the BioNTech building where the production of the coronavirus disease (COVID-19) vaccine has started in Marburg, Germany, November 18, 2021. REUTERS/Fabian Bimmer Register now for FREE unlimited access to reuters.com Register ZURICH, Nov 19 (Reuters) – Investment group EQT and the Struengmann family, who are investors......

S.Africa’s Tiger Brands eyes deal to invest in nutrition business

Reuters
Boxes of Jungle Oats, one of South Africa’s Tiger Brands original products, are seen on a shelf at an outlet of retailer Woolworths in Sandton, South Africa, August 28, 2019. REUTERS/Siphiwe Sibeko Register now for FREE unlimited access to reuters.com Register Full-year headline earnings per share down 6% Warns on......

Thyssenkrupp plans more listings as turnaround benefits seen

Reuters
Adj EBIT seen at 1.5 bln-1.8 bln euros in 2021/22 Sees IPO of hydrogen division as preferred option Studies conditions needed for steel unit spin-off Shares rise as much as 7.4% ESSEN, Germany, Nov 18 (Reuters) – Thyssenkrupp (TKAG.DE) mapped out plans to break off further parts of its sprawling......

China Evergrande sells entire stake in streaming platform HengTen to ease debt burden

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song HONG KONG, Nov 18 (Reuters) – China Evergrande Group (3333.HK) is selling its entire stake in streaming services firm HengTen Network Group (0136.HK) to raise HK$2.13 billion ($273.5......

Wall Street sees first Fed climate change review in 2023

Reuters
Climate change activists voice their opposition to U.S. President Joe Biden reappointing Jerome Powell to serve a second four-year term as the chairman of the Federal Reserve and demand Biden appoint a climate advocate, during a rally outside the Federal Reserve in Washington, U.S., October 29, 2021. REUTERS/Leah Millis WASHINGTON, Nov......

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