Volvo Cars gives staff 24 weeks paid parental leave
Volvo Cars has announced it will give all its 40,000 employees worldwide with at least one year’s service 24 weeks paid parental leave “at 80%…
March 2021
Credit Suisse warns of ‘significant’ hedge fund hit
Switzerland’s Credit Suisse has warned that its first quarter results could suffer a material impact after the bank started exiting positions after a US hedge…
Deutsche Bank makes major board changes
Deutsche Bank has announced a major reorganisation of its management board involving a number of changes including a new contract for CEO Christian Sewing that runs…
Aviva sells Polish business to Allianz for €2.5bn
UK-based insurer Aviva said on Friday it agreed to sell its entire shareholding in Aviva Poland to Germany’s Allianz for €2.5 billion in cash, completing a programme…
Amsterdam IPO values CTP, logistics firm, at €5.6bn
CTP NV, an owner and operator of logistics parks in Central and Eastern Europe, said on Thursday it priced shares in its initial public offering…
Carrefour to buy Brazil’s BIG in €1.1bn deal
French supermarket giant Carrefour announced it will buy Brazil’s third-biggest food retailer Grupo BIG from Walmart and investment firm Advent International in a deal that…
EU clears EssilorLuxottica’s €7.2bn GrandVision buy
The European Commission has cleared, with conditions, EssilorLuxottica’s €7.2 billion acquisition of Dutch eyewear retailer GrandVision after the Ray-Ban maker agreed to sell more than 300…
ECB ups weekly emergency bond buying to €21bn
The European Central Bank bought €21.1 billion of bonds under its pandemic emergency purchase programme (PEPP) in the week to March 17. That’s an increase…
Finland’s Nokia to cut up to 10,000 jobs, make 5G push
Finland’s Nokia on Tuesday announced plans to cut up to 10,000 jobs as it moves to reset its cost base and invest in R&D and…
EU in legal action against UK over Northern Ireland
The European Union on Monday launched legal action against the UK for unilaterally changing trading arrangements for Northern Ireland that the EU argues breach the…
Stripe, Irish payments giant, valued at $95bn
The market value of Dublin and San Francisco-headquartered digital payments giant Stripe has soared to $95 billion with a round of funding that took it…
Davy for sale as scandal engulfs Irish securities firm
Davy, Ireland’s largest stockbroker, has put itself up for sale, the firm said late on Thursday. The move follows a record Central Bank of Ireland fine…
ECB speeds up bond buying to contain rising yields
The European Central Bank (ECB) pledged on Thursday to accelerate the pace at which it buys government debt securities over the next three months to contain the rising…
Ireland’s AerCap buys GE Capital Aviation in $30bn deal
Dublin-based aircraft leasing giant AerCap Holdings N.V. announced it entered a definitive agreement with General Electric to acquire GE Capital Aviation Services (GECAS) in a deal worth…
Davy, scandal-hit Irish securities firm, shuts bond desk
Ireland’s National Treasury Management Agency (NTMA) has dropped Davy Stockbrokers as a primary dealer in Irish government bonds following a record Central Bank of Ireland fine…
Volvo Cars to go all electric by 2030
Volvo Cars announced it plans to become a fully electric car company by 2030 — and will phase out any car in its global portfolio with…
Brexit: £1.3 trillion and 7,600 UK jobs move to EU
The latest data from the EY Financial Services Brexit Tracker shows that UK financial services firms continue to move jobs and assets to the EU…
Danone separates roles of chairman and CEO
Paris-based multinational food and drink company Danone said on Monday its board voted to separate the chairman and chief executive roles held by Emmanuel Faber…
Trustpilot mulls London IPO, targets £1bn valuation
Denmark-based reviews website Trustpilot said on Monday it is considering an initial public offering (IPO) of at least 25% of the company on the London Stock…