Lagardere may get help from allies in fight with Amber Capital
Lagardere gained almost 13% on Thursday after Les Echos reported the French multimedia conglomerate could get help from French tycoon Vincent Bollore and Marc Ladreit de Lacharrière, who heads finance group Fimalac, in its fight with Amber Capital.
Swiss watchdog FINMA says Libra licensing process initiated
Swiss supervisor FINMA has received cryptocurrency project Libra’s application for a payment system licence, it said on Thursday, after the Geneva-based association announced a major revamp of its planned payments system and oversight by global watchdo…
Individual ashtrays, hourly disinfection: French carmakers eye production restart
Peugeot-owner PSA and Renault are planning new safety measures in a push by France’s major industrial groups for a breakthrough with workers to reopen some factories before the government lifts its lockdown from mid-May, unions said.
DHL struggles to cope as online parcel volumes surge
Delivery business DHL is struggling to cope with a flood of parcels from online purchases due to the coronavirus crisis, forcing it to cut back extra collections from retailers in Germany, parent company Deutsche Post said on Thursday.
British insurer Aviva halts executive bonuses, pay rises
British insurer Aviva said on Thursday its executive directors and leadership team would not be considered for any bonus for 2020 until dividends are restarted.
Barrick expects to meet annual targets despite coronavirus-led lockdowns
Barrick Gold said on Thursday it was on track to meet its full-year production targets even as it reported an 8.5% drop in first-quarter gold output due to the impact of coronavirus-driven lockdowns.
Luxury department store retailer Neiman Marcus Group skipped bond payment: letter
Neiman Marcus Group skipped a bond payment due this week to Marble Ridge Capital LP, according to a letter from the hedge fund to the luxury department store retailer sent Thursday, setting the heavily indebted chain on a path toward bankruptcy.
Facebook’s Libra cryptocurrency revamped after backlash
Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.
Starboard withdraws nominations to eBay board
Activist investor Starboard is withdrawing its nominations to eBay Inc’s board after the e-commerce company appointed Walmart executive Jamie Iannone as its chief executive officer, the firms said on Thursday.
Measures to control coronavirus weigh on U.S. homebuilding
U.S. homebuilding fell by the most in 36 years in March amid a broad decline in activity, offering further evidence that the economy was buckling under the weight of drastic measures to control the spread of the novel coronavirus.
