https://www.globalbankingandfinance.com Get the latest on Banking, Finance, Technology, Insurance and much more for Free. No Paywalls, News, Reviews, Analysis, Opinion & more. Fri, 06 Dec 2024 22:30:45 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 https://www.globalbankingandfinance.com/uk-employers-cut-growth-forecasts-as-tax-hikes-weigh-on-economy/ Fri, 06 Dec 2024 22:30:45 +0000 https://www.globalbankingandfinance.com/?p=806838 By William Schomberg LONDON (Reuters) – One of Britain’s leading employers’ groups on Friday cut its estimate for economic growth next year due to measures in the new government’s first budget, striking a gloomier note than other recent forecasts. Growth in 2025 is now seen at 1.6%, the Confederation of British Industry (CBI) said, down […]]]> https://www.globalbankingandfinance.com/banco-bpm-poised-to-name-citi-lazard-to-advise-on-unicredit-defence-sources-say/ Fri, 06 Dec 2024 21:45:38 +0000 https://www.globalbankingandfinance.com/?p=806645 MILAN (Reuters) -Italian bank Banco BPM is preparing to hire Citigroup and Lazard to advise over how to confront a takeover bid by rival UniCredit which has thwarted its growth strategy, three people close to the matter said. Banco BPM, Citi and Lazard all declined to comment. Banco BPM has rebuffed UniCredit’s 10.1 billion euro […]]]> https://www.globalbankingandfinance.com/britains-frasers-launches-bid-for-norways-xxl/ Fri, 06 Dec 2024 19:10:25 +0000 https://www.globalbankingandfinance.com/?p=805602 LONDON (Reuters) -British sportswear and fashion group Frasers on Friday launched a bid for Norwegian sporting goods retailer XXL ASA, saying it did not agree with the Oslo-listed company’s plan to issue more shares. Frasers, majority owned by Mike Ashley, said it was offering 10 Norwegian crowns ($0.9044) per share for the equity it does […]]]> https://www.globalbankingandfinance.com/uk-investor-covalis-frances-suez-team-up-for-thames-water-bid/ Fri, 06 Dec 2024 17:28:15 +0000 https://www.globalbankingandfinance.com/?p=805565 LONDON (Reuters) -Britain’s Thames Water has received a joint bid from Covalis Capital and France’s Suez Group as it seeks more than 3 billion pounds ($3.8 billion) of new equity, in the latest part of a rescue aimed at preventing its collapse. Britain’s biggest water supplier has close to 18 billion pounds ($23 billion) of […]]]> https://www.globalbankingandfinance.com/britains-guardian-sells-the-observer-newspaper-to-tortoise-media/ Fri, 06 Dec 2024 16:28:25 +0000 https://www.globalbankingandfinance.com/?p=805535 By Paul Sandle LONDON (Reuters) -Britain’s Guardian said on Friday it had agreed to sell The Observer to startup Tortoise Media, which sought to overcome staff opposition by pledging to revive the world’s oldest Sunday newspaper as a strong voice in liberal journalism. Tortoise, founded five years ago by ex-BBC News boss James Harding to […]]]> https://www.globalbankingandfinance.com/aviva-set-to-buy-direct-line-to-create-21-billion-british-insurer-2/ Fri, 06 Dec 2024 15:07:29 +0000 https://www.globalbankingandfinance.com/?p=805530 By Yadarisa Shabong and Tommy Reggiori Wilkes LONDON (Reuters) -British insurer Aviva has agreed to buy smaller rival Direct Line in a sweetened 3.61 billion pound ($4.60 billion) cash-and-stock deal that will create the UK’s largest home and motor insurer. In a joint statement on Friday, the companies said a preliminary agreement had been reached […]]]> https://www.globalbankingandfinance.com/investors-set-to-vote-on-vivendis-breakup-gamble/ Fri, 06 Dec 2024 12:35:26 +0000 https://www.globalbankingandfinance.com/?p=805350 By Gianluca Lo Nostro, Leo Marchandon and Florence Loeve (Reuters) – Vivendi will seek shareholder approval on Monday for a proposed break-up of the French media conglomerate, facing opposition from an activist investor who says the deal only benefits its top shareholder, the Bollore group. The group led by Yannick Bollore is backing a proposal […]]]> https://www.globalbankingandfinance.com/britains-guardian-group-agrees-to-sell-observer-newspaper-to-tortoise-media/ Fri, 06 Dec 2024 10:59:33 +0000 https://www.globalbankingandfinance.com/?p=805073 LONDON (Reuters) -Britain’s Guardian Media Group (GMG) and its owner the Scott Trust have agreed to sell The Observer, the world’s oldest Sunday newspaper, to startup Tortoise Media, the two groups said on Friday. The Scott Trust will also take a minority stake in Tortoise as part of the deal and a representative will join […]]]> https://www.globalbankingandfinance.com/puig-shares-drop-after-withdrawal-of-some-batches-of-charlotte-tilbury-spray/ Fri, 06 Dec 2024 10:28:29 +0000 https://www.globalbankingandfinance.com/?p=804930 (Reuters) – Shares in Puig dropped sharply in early Friday trade after the luxury beauty and fashion company said its Charlotte Tilbury brand was voluntarily withdrawing select batches of its make-up setting spray. Puig, which listed in Madrid in May, said on Thursday the withdrawal was expected to impact performance of its makeup segment, but […]]]>