Shares in the world’s No. 2 maker of packaged coffee, whose brands include Douwe Egberts, Peet’s Coffee and Jacobs, were priced at 31.50 euros, valuing the firm at 15.6 billion euros ($17.3 billion). They were trading at 35.55 euros by 0755 GMT.JDE Peet’s raised 7.. Read the news
EasyJet, which employs more than 15,000 people in eight countries across Europe, is moving later than others in announcing job cuts as a result of the coronavirus pandemic, which has brought airlines across the world to their knees.Most have been forced to cut jobs, inc.. Read the news
Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.Sanofi is selling the Regeneron shares at $515.00 per share - a discount of around 5.5% to Regeneron’s .. Read the news
Ten big open-ended property funds tracked by Morningstar, with a total of 6.5 billion pounds under management, stopped investors from getting their money out in mid March, saying valuers could not accurately assess real estate assets in a plunging economy.With question .. Read the news
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.Nissan has long resisted Renault’s .. Read the news
The Federal Statistics Office said capital investments fell by 6.9%, private consumption by 3.2% and exports by 3.1%.This meant that private consumption took off 1.7 percentage points of overall economic activity and net trade shaved off 0.8 percentage points, leading t.. Read the news
The plans of companies like BP, Royal Dutch Shell and Total are in step with the European Union’s efforts to transition to a lower-carbon economy and away from a century-old reliance on oil, and reflect the region’s widening rift with the United States where both t.. Read the news
Sanofi will ensure that a potential vaccine against COVID-19, if approved, reaches all regions of the world at the same time, the chairman of the French drugmaker said on Thursday.“There will be no particular advance given to any country,” Serge Weinberg told France.. Read the news
Merck KGaA said a slight decline in operating earnings was on the cards this year as the coronavirus pandemic weighs on demand for chemicals in TV screens and is putting couples off seeking the German group’s fertility treatments.Earnings before interest, taxes, depre.. Read the news
The monthly drop in gross domestic product was felt in almost all sectors - from the country’s shuttered restaurants and bars to its building sites and factories - and was the largest since comparable records began in 1997.“The sharp contraction in UK Q1 GDP comes a.. Read the news
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