News
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S4 Capital's Sorrell Says Expect LFL Growth In Q3 & Q4 - Conf. Call
May 8 (Reuters) - S4 Capital SFOR.L Executive Chairman Martin Sorrell:SAYS EXPECT LFL GROWTH IN Q3 AND Q4 - CONF. CALLPOTENTIAL US-UK TRADE AGREEMENT "MAY LIFT SOME OF THE FOG" AROUND BUSINESS SENTIMENTSAW "VERY LITTLE IMPACT" FROM TARIFF UNCERTAINTY IN Q1, BUT THERE IS GENERAL LEVEL...Reuters
Thu, May 8
Deals of the day-Mergers and acquisitions
May 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** Japan's Nidec Corp said it was withdrawing its bid for Makino Milling Machine , giving up on its unsolicited takeover plan after Makino threatened ...Reuters
Thu, May 8
Optio acquires specialist PI MGA Custodian Management
By Michael JonesMay 8 - (The Insurer) - Specialty MGA Optio Group has acquired UK-based MGA Custodian Management for an undisclosed sum, the company said on Thursday.Optio said the transaction would enhance its existing professional indemnity proposition and represented a step in its ambition to cre...Reuters
Thu, May 8
Arch combines London market and UK regional PI teams
By Rebecca DelaneyMay 8 - (The Insurer) - Arch Insurance International has combined its London market SME and UK regional operations for professional indemnity (PI) into a unified team led by Sophie Mansouri.In the newly created role of UK PI underwriting manager, Mansouri is responsible for oversee...Reuters
Thu, May 8
Tesla's India head resigns as company prepares for country launch, Bloomberg News reports
May 8 (Reuters) - Tesla's TSLA.O country head for India has resigned after nine years at the company and ahead of the U.S. EV maker's planned entry into the world’s third-largest car market, Bloomberg News reported on Thursday, citing people familiar with the matter.Tesla's China teams w...Reuters
Thu, May 8
SiriusPoint names Fenn as global head of marine
By Michael JonesMay 8 - (The Insurer) - SiriusPoint has promoted Chris Fenn to global head of marine and made two additional strategic appointments to bolster its marine capabilities, the company said on Thursday.Fenn, who previously served as head of marine, London, for SiriusPoint International, w...Reuters
Thu, May 8
US Consulate General in Pakistan's Lahore directs staff to shelter in place
May 8 (Reuters) - The U.S. Consulate General in Lahore, Pakistan, has directed its staff to shelter in place amid reports of drone explosions, downed drones and possible airspace incursions, the country's State Department said on Thursday.Reuters
Thu, May 8
US tariff uncertainty weighs on Infineon's revenue outlook
FRANKFURT, May 8 (Reuters) - German chipmaker Infineon Technologies IFXGn.DE reported stable order intake on Thursday but lowered its full-year revenue outlook due to uncertainty over global tariff disputes.U.S. President Donald Trump has said tariffs on semiconductor chips would start at "25%, ...Reuters
Thu, May 8
Golf-PGA of America to give away 3,000 Ryder Cup tickets in New York area
May 8 (Reuters) - The PGA of America will distribute 3,000 tickets to this year's Ryder Cup at Bethpage Black in New York as part of a fan engagement initiative dubbed "The People's Perk," the biennial competition's co-organisers said on Wednesday.The programme will surprise New ...Reuters
Thu, May 8
Putin says he will sign an updated Russia-China investment agreement with Xi
MOSCOW, May 8 (Reuters) - Russia and China will sign a large number of documents later on Thursday, including an updated investment agreement, Russian President Vladimir Putin told Chinese President Xi Jinping at a meeting in Moscow.Xi is in the Russian capital this week for commemorations to mark t...Reuters
Thu, May 8
Canadian Natural Resources Reports Q1 Average Production Of 1,582,348 BOE/D
May 8 (Reuters) - Canadian Natural Resources Ltd CNQ.TO:CANADIAN NATURAL RESOURCES LTD: QUARTERLY AVERAGE PRODUCTION IN Q1/25 OF 1,582,348 BOE/DCANADIAN NATURAL RESOURCES LTD QTRLY ADJUSTED EPS FROM OPERATIONS $1.16CANADIAN NATURAL RESOURCES: TO REDUCE 2025 CAPITAL BUDGET BY $100 MILLION, RESULTIN...Reuters
Thu, May 8
Italy's Prysmian to review 2025 full-year guidance in July, CEO says
May 8 (Reuters) - Prysmian Chief Executive Massimo Battaini tells analysts in a post-earnings call: CLOSING OF CHANNELL'S ACQUISITION EXPECTED AT THE BEGINNING OF JUNEWE WILL BE IN BEST POSITION TO REVIEW FY GUIDANCE IN JULYReuters
Thu, May 8
North America remains the focus of parametric premium growth
By Henry GaleMay 1 - (The Insurer) - The adoption of parametric coverage is growing fastest in North America, the region where it is already most widely used, according to a survey of senior market participants conducted by Parametric Insurer.Most of the survey's respondents, which included the ...Reuters
Thu, May 8
Trump to raise Hong Kong Jimmy Lai case in China trade talks
Trump to raise Lai case with China amid trade tensionsUS says Lai trial politically motivated, calls for his releaseLai accused of colluding with US in landmark trialFormer media tycoon, 77, faces possible life in jail HONG KONG, May 8 (Reuters) - U.S. President Donald Trump has said he would rai...Reuters
Thu, May 8
Consilium appoints Woodward as chief claims officer
By Navneeta NandanMay 8 - (The Insurer) - Specialty insurance group Aventum’s (re)insurance broking arm Consilium has named Nick Woodward as chief claims officer, the company said on Thursday.Woodward will head the claims advocacy team and will be supported by a nine-strong claims team. He will also...Reuters
Thu, May 8
Saudi Arabia sits on fence over BRICS with eye on vital ties with US
Riyadh loath to risk Trump administration's anger by joining China-aligned group, sources saySaudis balancing China trade relations with long-standing US allianceAttending BRICS meeting but holding off on joining developing nations blocBy Pesha Magid, Maha El Dahan and Manya Saini RIYADH/DUBA...Reuters
Thu, May 8
India agrees on conditional nod for Starlink operations in country, CNBC-TV18 reports
May 8 (Reuters) - The Indian government has agreed to a conditional nod for SpaceX's Starlink to start offering satellite-based internet services in the country, television news channel CNBC-TV18 reported on Thursday.Starlink and the Indian Department of Telecommunications did not immediately re...Reuters
Thu, May 8
Sabadell ups payout goal amid BBVA takeover battle as profit tops forecasts
Bank raised payout by 100 mln euros to 3.4 bln eurosQ1 net profit rises 59% of 489 mln eurosQ1 NII falls 1.3%, sees NII falling in 2025 Net profit at TSB almost doubles, while NII up 9.4%By Jesús Aguado MADRID, May 8 (Reuters) - Sabadell SABE.MC raised on Thursday its payout target for 2024 and 2...Reuters
Thu, May 8
