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Viacom’s Paramount Pictures has offered EU regulators concessions aimed at averting a possible fine over geographical restrictions within Europe on movie licensing deals between Sky UK and six U.S.
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The car maker said on Friday it is recalling more than 1.1 million cars and SUVs worldwide because the vehicles may roll away after drivers exit. The Power Grids unit, which is under strategic review, had been “brought into shape” and was “back within the margin target corridor”, Chairman Peter Voser said in an interview published by daily Neue Zuercher Zeitung on Saturday. The drugmaker aims to dispose of a 13.5 billion Swiss franc ($13.8 billion) stake in its local rival Roche and has hired banks to support the sale process, a Swiss paper reported on Sunday. The statement from the CAT, CFDT, CFE-CGC, CFTC, CGT and FO unions said Fnac’s offer would be a complete failure on the job front while Conforama’s offer would insure the future of Darty. FNAC /DARTYĭarty trade unions said in a joint statement on Friday they backed an offer by Conforama, a unit of South African furniture retailer Steinhoff, to buy Darty, against a rival bid from French retailer Fnac. The deal will be announced on Wednesday, the paper said. ALTICE NUMERICABLES-SFRīusinessman Patrick Drahi has decided to bring together his French media titles under the umbrella of his telecoms group SFR to create synergies, the Journal du Dimanche newspaper said without citing sources.
PSA PEUGEOT CITROENĮmmanuel Macron said in the Journal du Dimanche that France was sitting on a potential capital gain of hundreds of million euros on the 14 percent stake in the Peugeot Citroen carmaker it acquired a few years ago.
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The French utility has secured a new government-backed multibillion-euro financing package ahead of making the final investment decision on its Hinkley Point nuclear power plant project in Britain.ĮDF will also extend the depreciation period for its nuclear plants this year, its CEO said in a newspaper interview, an accounting move that will free up cash for costly investment projects.įrench Economy Minister Emmanuel Macron said in a newspaper interview EDF would take a final investment decision on Hinkley Point in September. The carmaker is optimistic that its positive sales trend from the two previous quarters will continue in China, the world’s biggest auto market, its China chief Jochem Heizmann said on Sunday.
VW brand chief executive Herbert Diess is confident that management and labour will solve a dispute over cost-cutting at the core autos division and signalled readiness on Sunday to meet some of workers’ demands. It did not give any details of anticipated savings. Separately, Postbank, still a part of Deutsche, is considering putting in more automated processes to save on staff, according to a story due to run in Sueddeutsche Zeitung on Monday. DEUTSCHE BANKĪ dispute has arisen on Deutsche Bank’s supervisory board over what some members view as the bank’s legal counsel’s over-zealous response to scandals it has been embroiled in, Frankfurter Allgemeine Sonntagszeitung reported.
COMPANY NEWSĬhina’s auto market is normalising and the normalisation trend seen in the country’s auto market in 2015 will continue this year, said Ian Robertson, the global chief of sales and marketing at BMW. On the data front, the German IFO was due at 0800 GMT, with the business climate index seen rising, according to traders. On Monday, Asian shares dropped on Monday as investors took profits from the currency’s recent gains ahead of central bank meetings in the United States and Japan this week.Īttention will be increasingly focused on European earnings season as it gathers steam, although only a handful of companies reported numbers on Monday.ĭutch medical equipment and services company Philips beat earnings expectations, and said it will likely seek an initial public offering of shares for its lighting division, which would be the world’s largest lighting maker as a standalone company. The index remained up 1.6 percent for the week - its second straight weekly rise. The FTSEurofirst 300 hit its highest level since January on Thursday, before falling 0.4 percent on Friday. Futures on the German DAX and the British FTSE were up 0.1 percent, while futures on the French CAC fell 0.2 percent. LONDON, April 25 (Reuters) - European stocks were seen opening mixed on Monday, continuining to consolidate after a strong week of gains which saw a top pan-European index hit three-month highs.įutures on the Euro STOXX 50 were flat. (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development.
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