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...High Speed 2 is set to get the green light to dig a 4.5-mile tunnel under central London within weeks, with the government expected to release over £1bn of taxpayer cash for the work, according to Whitehall...
...Sale proceeds can help lower its net debt to 2.5 times forward ebitda from 2.9 times. Another option: jump on the demerger bandwagon and spin off US yoghurt as a separate publicly listed company....
...The group had expected an valuation in the top range between €12.7bn and €13.9bn. Puig raised €2.6bn in fresh capital by issuing 106.5mn shares....
...Japanese carmakers’ share of the Chinese auto market declined by 2.2 percentage points year on year to 13.8 per cent in March, data from the China Passenger Car Association showed....
...The average growth for March and April combined was 0.2 per cent — still below the 3.2 per cent recorded in March, suggesting that shoppers bought fewer goods at the start of spring....
...The bank’s net interest income for the year rose 49 per cent from 2022, to €2.3bn, lifted by rising central bank interest rates....
...France’s Safran, having lifted operating margins by 100 basis points to 13.6 per cent last year, is looking at 14.5 per cent in 2024. Valuations have soared....
...Statistically Hong Kong’s economy has been much more correlated with the US than with China, as its growth trajectory almost hugs that of the US, up 2.3 times in 30 years versus America’s 2.1 times....
...Moody’s downgraded state-backed developer Vanke’s offshore bonds earlier in the week but its Hong Kong shares have rallied 13.2 per cent since Monday....
...The central bank raised its inflation forecast for 2024 to 3.8 per cent from 3.2 per cent previously....
...In contrast, Barclays’ chief executive CS Venkatakrishnan saw his pay drop 13 per cent, with his overall pay package falling from £5.2mn to £4.6mn....
...It made €2.9bn in profit in the first quarter on total income of €15.4bn, up 9 per cent on a year earlier and a record quarterly result for the group....
...On average, the nation’s biggest banks pay an average interest rate of 2.9 per cent to depositors, up from 1.8 per cent a year ago, but still well below the Fed’s short-term official interest rate of 5.5...
...In Southampton, we looked up at the Queen Anne’s sky-blocking vastness: 13 floors of floating luxury....
...Hong Kong’s Hang Seng index lost 0.2 per cent and mainland China’s CSI 300 added 0.5 per cent....
...The city’s benchmark Hang Seng index rose 2.5 per cent, with mainland sporting apparel group Li Ning jumping as much as 20 per cent after Reuters reported the company was considering taking itself private...
...The 0.2 per cent move pushed the shekel past a previous seven-year low, bringing total falls of 5.4 per cent against the dollar since Hamas’s attack on Israel....
...per cent higher at $2,562 a tonne....
...Trainline: Shares in the rail and transport-booking group advanced 13 per cent after it posted net ticket sales of £5.3bn in the 12 months to February, a 22 per cent increase from the previous year....
...In four years since entering, Nu has shot up to being one of Mexico’s largest card issuers by volume and has 5.5mn customers, according to the company....
...Its most recent closing share price was HK$29.5. The deal is worth up to HK$13.91bn (€1.7bn), the company said on Monday, and values its equity at €6bn....
...Not only did Apollo lose out, so did the merger arb funds: they would receive only 75 per cent of the €2.13 difference between the January sale to Apollo and the winning price....
...KKR’s NGT I technology growth fund, a pre-IPO Darktrace backer, last month cashed out its remaining 2.5 per cent stake in the software maker for 425p apiece....
...The workers, who voted 2,628 to 985 to join the union, had said that Volkswagen was underpaying them, targeting the German group as part of a $40mn campaign to organise workers at 13 mostly foreign-owned...
...The Economist Intelligence Unit revised Nigeria’s 2024 economic growth forecast figures from 2.2 per cent to 2.5 per cent, on the back of the country’s rising crude oil output....
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