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...Veolia, which traces its origins back to the 19th century as a water service company, makes roughly a quarter of its annual revenues from energy on sales that reached nearly €43bn in 2022....
...Tom Atkinson, a manager at Axa Investment Managers, saw his predictions for a strong year for US agricultural and water stocks come half true: companies like Veolia and Ecolab did well, but Deere and Trimble...
...Corporate earnings: French industrial group Veolia Environnement reports full-year results....
...Economic data: S&P Global services PMI data is released for the eurozone, France, Germany, Italy, Spain and the UK, while the European Central Bank’s Governing Council is due to make a May rate announcement...
...Monday The Bank of England hosts an online Q&A with its chief economist Huw Pill on the cost of living and current economic conditions EU, France, Germany, Japan: S&P Global October services purchasing...
...However, the deal could be derailed by Suez which has a right of first refusal on such disposals, granted as part of its hard-fought takeover by rival Veolia last year....
...Its newer plastic scheme was born out of a collaboration with climate consultancies and major corporate plastic users Nestlé, Tetra Pak, Danone and Veolia....
...Veolia said on Thursday it would hive off the UK waste unit it took over from Suez and its own UK industrial water and wastewater division in a “significant divestment remedy” that would solve the issues...
...Reshaped French waste and water company Suez is preparing a bid to buy back its old UK business if Britain’s competition regulator blocks a takeover of the unit by its longstanding rival Veolia....
...Environnement FY Friday China, India, Japan: S&P Global composite (manufacturing and services) PMI data France, January industrial production figures Japan, January jobless rate (AM local time) US,...
...Hiscox Q1 trading statement, Hyatt Hotels Q1, Jones Lang LaSalle Q1, Kellogg Q1, Lyft Q1, MetLife Q1, Moncler Q1, Next Q1 trading statement, Novo Nordisk Q1, Shell Q1, Skanska Q1, Swiss Re Q1, Trainline FY, Veolia...
...She is an executive with a strong vision who combines “empathy with stamina”, he added. Veolia pounced on Suez in mid-2020, first snapping up a 29.9 per cent stake in the group....
...S&P recently upgraded Miami bonds to AA on this basis, even though the city expects the sea level to rise by up to 21 inches (53cm) by 2070....
...The two sides entered into a public dispute in August last year after Veolia bought 29.9 per cent of Suez, triggering a fightback from its smaller rival that threatened to sell off assets and put together...
...Economic news: S&P Global will publish a purchasing managers’ index — a closely watched set of economic indicators — for services in France, Germany, Italy and the UK....
...M&S investors — who haven’t had a dividend since November 2019 — will be hoping Machin does likewise. WHSmith profits are set for a bounce as the world’s travel industry recovers from Covid lockdowns....
...Results: AXA HY, Bank of Ireland HY, BMW HY, Commerzbank Q2, eBay Q2, Hugo Boss Q2, Infineon Technologies Q3, Just Eat HY, Moderna Q2, Nintendo Q1, Nomura Holdings Q1, Taylor Wimpey HY, Telecom Italia Q2, Veolia...
...Bruno Le Maire, the French finance minister, said he was “delighted” that Suez and Veolia had reached a deal....
...A value for Suez of €20 a share suggested by Ardian and GIP is more than Veolia has offered, suggesting how this saga will conclude. The pair must have guessed Veolia would turn down their invitation....
...Only days after Veolia finally sealed a deal to buy arch-rival Suez, Antoine Frérot feels relaxed enough to describe himself in Machiavellian terms....
...Suez or its unions have challenged Veolia’s right to launch a bid, to vote its shares, and its handling of obligatory consultation with Suez employees....
...However, that proposal is also predicated on there being a friendly outcome with Veolia....
...Veolia bought a 29.9 per cent stake in Suez from Engie in October, adding that it wanted to acquire the rest of the group....
...A person close to Veolia said that activating the foundation was itself a hostile move and not conducive to negotiation....
...This is the price Veolia paid for the stake it already owns. Pressure to strike a deal should relieve fears that Veolia could end up getting Suez for less at a later date....
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