Business News Amsterdam

  • *LSE to issue $14 bln new shares, take on $12.5 bln debt. LONDON, Aug 1- London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg. "This transaction is a defining moment for LSE in terms of its strategic...

  • Apart from the London exchange, LSE owns the Milan stock exchange and Turquoise, a pan-European share trading platform that has opened a hub in Amsterdam as a hedge against Brexit. If the deal is approved by European Union and U.S. regulators, the exchange would substantially broaden its global footprint in financial data, and become a major player in trading...

  • *Interactive graphic https://tmsnrt.rs/2yixEbN of Information Services Unit. LONDON, Aug 1- Britain's London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and positioning the company as a competitor to Bloomberg. "Increasingly our customers want to...

  • LONDON, Aug 1- London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. The Refinitiv deal will turn LSE into a major distributor as well as creator of financial market data, positioning it as a competitor to...

  • AMSTERDAM, July 31- Food delivery companies Takeaway.com and Just Eat reported strong order growth for the first half of 2019 on Wednesday, as they gear up for their planned $10 billion merger announced earlier this week. The Dutch and British companies on Monday said they had agreed in principle to an all-share merger to create a company that would rival Uber...

  • LSE and Thomson Reuters did not immediately respond to requests for comment. Thomson Reuters shares hit a record high to end trading on Friday up 4.5% to C $92.74 in Toronto after the Financial Times first reported on the deal talks. The stock is up 62% since the end of January 2018, when Blackstone and Thomson Reuters announced the deal for Refinitiv.

  • AMSTERDAM, July 26- Signify shares fell as much as 11% on Friday as the world's biggest lighting company became the latest business to suffer from subdued demand, particularly from industry in Europe and consumers in the United States. Signify, formerly known as Philips Lighting, said comparable sales dropped 6% in the second quarter to 1.48 billion euros, as...

  • AMSTERDAM, July 25- Air traffic at Amsterdam Schiphol airport was still disrupted on Thursday after an outage at its main fuel supplier left thousands of passengers stranded at the airport the day before. Dutch Air France subsidiary KLM, the main airline at Schiphol, said it had cancelled 61 flights to and from Amsterdam on Thursday, after around 200 flights were...

  • July 25- European stock markets hit a one year high on Thursday, as strong reports from drugmaker Roche, brewer AB Inbev and luxury goods house LVMH stood out in a torrent of earnings, ahead of a highly-anticipated European Central Bank rate decision. The pan-European main stocks index STOXX 600 rose 0.4% by 0800 GMT with Paris's main index leading gains, powered...

  • AMSTERDAM, July 24- Air traffic to and from Amsterdam Schiphol airport was seriously disrupted on Wednesday because of an outage at the airport's main fuel supplier that kept dozens of flights on the ground. The only planes able to take off were those that still had enough fuel in their tanks upon arrival in Amsterdam, a Schiphol spokeswoman said.

  • Family holiday vacation airport passengers

    Traveling abroad for the holidays? Now is the best time to book your flight.

  • AMSTERDAM, July 22- Dutch health technology company Philips on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its hospital equipment in China and the United States. "We had strong traction in emerging markets among them China, and that is set to continue. The company said the trade disputes...

  • AMSTERDAM, July 20- Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor and Mitsubishi Motors, who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday. "In the Netherlands, if you want to fire an executive you have to first tell him what he's being...

  • The biggest percentage loser among European sectors was the oil and gas sector, down 1.14%, as energy heavyweights BP Total gave up more than 1% after U.S. crude trailed gains for international benchmark Brent on oversupply worries. President Donald Trump's trade war with China. In another sign that the conflict could be protracted, Trump said on Tuesday United...

  • BRUSSELS, July 5- European Union antitrust regulators cleared on Friday the $2.8 million acquisition of British airline Flybe by Connect Airways, a consortium created by Virgin Atlantic, Stobart Group and investment adviser Cyrus Capital. The final approval of the merger, whose details were made public in January, is conditional on the release by Connect...

  • JOHANNESBURG, July 3- Naspers on Wednesday appointed Phuthi Mahanyele-Dabengwa to the newly-created role of chief executive of South Africa for the media and e-commerce group. Founded more than 100 years ago in Stellenbosch, South Africa, Naspers has turned itself from a newspaper publisher into a $104 billion giant with e-commerce and internet...

  • LONDON, July 2- British financial technology firm OakNorth has signed a five-year deal to provide its credit analysis and monitoring platform to Dutch lender NIBC Bank NV, OakNorth said on Tuesday in its first such agreement to be made public. OakNorth is Britain's most valuable financial technology company, having raised $440 million from investors...

  • July 1- Coty Inc said on Monday it would write down about $3 billion in value of brands acquired from Procter& Gamble Co, as the struggling cosmetics maker laid out a four-year restructuring plan, sending its shares down as much as 19%. Coty splurged more than $12 billion to buy P&G's perfume, hair care and make-up businesses, including CoverGirl, Max Factor and...

  • July 1- Coty Inc said on Monday it would overhaul its operations and write down about $3 billion in value of its brands acquired from Procter& Gamble Co in 2016.. The company has been struggling with weak sales due to supply chain disruptions in Europe and the United States, since buying about 40 P&G beauty brands including CoverGirl, Max Factor and Clairol for...

  • *Investors doubtful over meaningful U.S.- China deal at summit. *U.S.- Iran tensions puts floor under oil prices. LONDON, June 24- European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week's G20 meeting and fears of an escalation in Iran tensions flared up.