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Worldline's $8.7 billion Ingenico deal to create European payments leader

Payments company Worldline agreed on Monday to buy French rival Ingenico in a 7.8 billion euros ($8.7 billion) deal to create a new European leader in the sector and fend off cut-throat competition from internet and telecoms companies.



5 years ago

Ryanair says plans to move from 'breakneck' growth

Ryanair chief executive Michael O'Leary on Monday said his airline was coming to the stage when it would make sense to slow its target growth rate to 4-5% per year rather than its peak growth rates of 8-9% percent.



5 years ago

OPEC+ considering further 500,000 bpd oil output cut: sources

OPEC and its allies are considering a further cut in their oil output of 500,000 barrels per day (bpd) due to the impact of the coronavirus on oil demand, two OPEC sources and a third industry source familiar with discussions said.



5 years ago

Goldman downgrades Exxon to 'sell', slashes returns outlook

Goldman Sachs downgraded ExxonMobil to "sell" following disappointing fourth-quarter results, as the Wall Street bank forecasted the oil and gas company will meet only half of its targeted returns by 2025.



5 years ago

Imperial Brands hires Inchcape's Bomhard as CEO to revive e-cigarette sales

Cigarette maker Imperial Brands Plc named Stefan Bomhard, CEO of car dealer Inchcape , as its new chief executive on Monday to steer the company through challenges in e-cigarettes and vaping and falling consumption of tobacco products.



5 years ago

Ryanair makes Boeing offer for new MAX order

Ryanair has submitted an offer to Boeing for a new order of its grounded 737 MAX jet but does not expect to finalize it until the plane returns to service, Chief Executive Michael O'Leary said on Monday.



5 years ago

Diagnostic gear costs knock profits at Siemens Healthineers

Siemens Healthineers' operating income slipped 11% in the first quarter of its financial year, despite higher revenue, as the German company sold less profitable imaging machines and incurred ramp-up costs for its new blood-testing machines.



5 years ago

Global stocks at seven-week lows as virus fears hit China after holiday

A gauge of global stocks was near seven-week lows on Monday as Asian stocks plunged on their first trading day after a long break, amid fears the coronavirus epidemic would hit demand in China.



5 years ago

Not cashless, but less cash: Economic justice and the future of UK payments

IPPR | Rachel Statham, Lesley Rankin and Douglas Sloan | Jan 24, 2020 The future will have less cash. By 2028, forecasts suggest that fewer than one in 10 UK consumer payments will be made using cash. The digital revolution in finance will transform our economy and shift the balance of economic power. The prospect of

5 years ago

Oil wavers as coronavirus hits demand and OPEC+ considers deeper cuts

Oil prices were little changed in the face of conflicting signals on Monday, with demand concerns resulting from the coronavirus outbreak countered by the possibility of deeper crude output cuts by OPEC and its allies.



5 years ago

Graphic: Lower and lower - Emerging central banks cut rates for 12th month

The easing cycle at emerging market central banks continued unabated in January with policymakers continuing to join major central banks in efforts to shore up their economies.



5 years ago

Britain's Johnson warns global free trade is being choked

British Prime Minister Boris Johnson set out his negotiating terms for trade talks with the European Union in a speech in London on Monday.



5 years ago

EU seeks ambitious deal with Britain, demands fairness

The European Union wants an ambitious future partnership with Britain, including zero tariffs and quotas, but will demand commitments to ensure open and fair competition, according to the EU's draft mandate for negotiations released on Monday.



5 years ago

UK's access to single market will hinge on alignment with EU: Barnier

Britain's access to the European Union's single market will depend on its alignment with the bloc's rules and regulations, EU Brexit negotiator Michel Barnier said on Friday.



5 years ago

Oracle adds cloud data centers in five countries, sets new 2020 target

Oracle Corp said on Monday it had added new cloud computing data centers in five countries and aims to have them in 36 locations by the end of 2020, as it races with Amazon.com and Microsoft Corp for market share.



5 years ago