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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Deutsche Bahn and Infineon Aug 5 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds FEMSA, R1 RCM, Trafigura, Royal Mail, RedBird IMI, Talen Energy, Hewlett Packard Enterprise Aug 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Mexico's FEMSA FEMSAUBD.MX said it has entered into definitive agreements to acquire the retail operations of Delek US Holdings DK.N for $385 million.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Aug 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday: ** Cellnex CLNX.MC , Europe's largest mobile phone tower operator, said it was in advanced negotiations to sell its Austrian unit after receiving binding offers, triggering a rise in shares. nL8N3JO0IM ** Ayala Corp AC.PS , the Philippines' oldest conglomerate, is exploring selling a minority stake in Ayala Healthcare Holdings (AC Health) in a
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Casino open to selling GPA stake, as Brazil retailer no longer strategic

UPDATE 1-Casino open to selling GPA stake, as Brazil retailer no longer strategic Adds details and context in paragraphs 4-9 By Luciana Magalhaes SAO PAULO, July 31 (Reuters) - French retailer Casino CASP.PA no longer considers Brazil's GPA PCAR3.SA a strategic holding and is open to selling its remaining 22.5% stake in the company, an executive at Casino's financial communications department said.
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Casino open to selling stake in GPA as Brazil retailer no longer strategic

Casino open to selling stake in GPA as Brazil retailer no longer strategic By Luciana Magalhaes SAO PAULO, July 31 (Reuters) - French retailer Casino CASP.PA no longer considers Brazil's GPA PCAR3.SA a strategic holding and is open to selling its remaining 22.5% stake in the company, an executive at Casino's financial communications department said. "Today, our stake in GPA is only as an investment, like any other," Christopher Welton told Reuters in an interview, saying Casino could decide to d
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French retailer Casino reports drop in first-half core earnings

UPDATE 1-French retailer Casino reports drop in first-half core earnings Adds context, quotes and details July 30 (Reuters) - French supermarket group Casino CASP.PA on Tuesday posted a drop in first-half core earnings, dragged down by ongoing restructuring, including the sale of hypermarkets and supermarkets, closures and conversions to franchises. WHY IT’S IMPORTANT France's seventh-largest supermarket group by market share, was brought to the verge of default after years of debt-fuelled acq
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French retailer Casino reports drop in first-half core earnings

French retailer Casino reports drop in first-half core earnings July 30 (Reuters) - French supermarket group Casino CASP.PA on Tuesday posted a drop in first-half core earnings, dragged down by ongoing restructuring, including the sale of hypermarkets and supermarkets, closures and conversions to franchises. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) were 255 million euros ($275.5 million) in the six months to the end of June, down 24% from the same period l
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Casino H1 Revenue EUR 4.2 Bln, Down 5.9% YoY

BRIEF-Casino H1 Revenue EUR 4.2 Bln, Down 5.9% YoY July 30 (Reuters) - Casino Guichard Perrachon SA CASP.PA : H1 REVENUE EUR 4.2 BILLION NET FINANCIAL DEBT EUR 1 BILLION AT 30 JUNE 2024 H1 ADJUSTED EBITDA EUR 255 MILLION H1 CONSOLIDATED NET PROFIT EUR 39 MILLION Further company coverage: CASP.PA (Gdansk Newsroom)
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TotalEnergies, Casino Renew Their Service Stations Supply Partnership

BRIEF-TotalEnergies, Casino Renew Their Service Stations Supply Partnership July 25 (Reuters) - Casino Guichard Perrachon SA CASP.PA : TOTALENERGIES AND CASINO RENEW THEIR PARTNERSHIP FOR SUPPLYING OVER 1,000 SERVICE STATIONS IN FRANCE WILL COME INTO FORCE ON 1 OCTOBER 2024 FOR A DURATION OF FIVE YEARS Source text for Eikon: ID:nGNE1W0dm7 Further c
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 19 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. CASINO CASP.PA : French supermarket group Casino on Thursday confirmed that it is the subject of a preliminary investigation by France's national financial prosecution office over charges of price manipulation and corruption dating back to 2018 and 2019. AIR FRANCE-KLM AIRF.PA : Franco-Dutch airl
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Casino confirms price manipulation probe by French financial prosecutor

Casino confirms price manipulation probe by French financial prosecutor July 18 (Reuters) - French supermarket group Casino CASP.PA on Thursday confirmed that it is the subject of a preliminary investigation by France's national financial prosecution office over charges of price manipulation and corruption dating back to 2018 and 2019. Casino has not yet been referred to a criminal court, the company said in a statement.
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Casino Says Co Has Been Subject Of A Preliminary Investigation By National Financial Prosecutor's Office

BRIEF-Casino Says Co Has Been Subject Of A Preliminary Investigation By National Financial Prosecutor's Office July 18 (Reuters) - Casino Guichard Perrachon SA CASP.PA : CASINO - CONFIRMS THAT CASINO GUICHARD PERRACHON HAS BEEN SUBJECT OF A PRELIMINARY INVESTIGATION BY NATIONAL FINANCIAL PROSECUTOR'S OFFICE CASINO - CASINO HAS NOT BEEN REFERRED TO
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Czech billionaire Kretinsky's sprawling empire

FACTBOX-Czech billionaire Kretinsky's sprawling empire Adds Unieuro, updates Quadient and Atos July 18 (Reuters) - Czech billionaire Daniel Kretinsky sought to continue his buying spree this week with a joint offer to buy Italy's Unieuro UNIR.MI . Kretinsky, 49, a former investment bank lawyer who built one of Europe's largest energy groups, Energeticky a Prumyslovy Holding (EPH), has been diversifying into retail, media and other areas.
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Brazil's Cencosud Says It Is Not Currently Participating In Any Negotiations To Buy GPA Shares Owned By Casino

BRIEF-Brazil's Cencosud Says It Is Not Currently Participating In Any Negotiations To Buy GPA Shares Owned By Casino July 15 (Reuters) - Cencosud Brasil: SAYS IT IS NOT CURRENTLY PARTICIPATING IN ANY NEGOTIATIONS TO BUY GPA SHARES OWNED BY CASINO - FILING Source text for Eikon: ID:nBVSSzbb0a Further company coverage: CENCOSUD.SN CASP.PA PCAR3.SA Re
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Unilever July 15 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds details on fresh job cuts July 9 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 9 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. AMUNDI AMUN.PA The French asset manager announced it would take a 26% stake in Victory Capital . CASINO GUICHARD PERRACHON CASP.PA : French retailer Casino renewed its partnership with Sherpa for supply of 119 stores.
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Casino Sells 66 Stores To Les Mousquetaires, Auchan

BRIEF-Casino Sells 66 Stores To Les Mousquetaires, Auchan July 2 (Reuters) - Casino Guichard Perrachon SA CASP.PA : STORE DISPOSALS TO GROUPEMENT LES MOUSQUETAIRES AND AUCHAN RETAIL FRANCE ANNOUNCES SALE OF 66 STORES FOLLOWING AGREEMENTS REACHED ON 24 JANUARY 2024, WITH GROUPEMENT LES MOUSQUETAIRES AND AUCHAN RETAIL FRANCE TRANSACTION IS BASED ON A
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France's Casino to sell 200 mln euros of real estate assets to Tikehau Capital

France's Casino to sell 200 mln euros of real estate assets to Tikehau Capital July 1 (Reuters) - French retailer Casino CASP.PA announced on Monday the sale of 200 million euros worth of real estate assets to the asset management company Tikehau Capital TKOO.PA . The sale, which includes 30 real estate assets, will take place in the second half of 2024, Casino said.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch June 24 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. EU-DEFENCE INDUSTRY The European Union is seeking security and defence industry partnerships with Japan and South Korea aimed at joint development of military equipment, the Nikkei reported on Sunday, citing a senior EU commission official.
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