Vodafone (VOD.L), the world’s second biggest mobile operator, said on Friday it would list its European mobile masts business, newly named Vantage Towers, in Frankfurt in early 2021. Chief Executive…
Category: Business
Wirecard scandal brings overhaul of EU fintech rules into sharper focus
The collapse of German payments firm Wirecard has become a focal point for an overhaul of how the European Union regulates the finance industry as it evolves away from traditional…
Cineworld, AMC shares fall as cancelled premieres spell more pressure
Shares in cinema operators Cineworld (CINE.L) and AMC (AMC.N) fell on Friday after Disney (DIS.N) delayed the release of “Mulan”, the latest Hollywood tentpole to be pushed back as theatres…
U.S. insurers explore officer coverage as police reform debate rages
U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial…
Verizon beats estimates on lockdown boost to phone, internet services
Verizon Communications Inc (VZ.N) on Friday beat estimates for second-quarter profit and revenue on strong demand for its phone and internet services as coronavirus-induced lockdowns prompted a rapid shift to…
Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 billion charge
Oilfield services giant Schlumberger NV (SLB.N) on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job…
Airbus offers subsidy concession to end U.S. tariffs
Europe’s Airbus said on Friday it would increase loan repayments to France and Spain in a “final” bid to reverse U.S. tariffs and jog the United States into settling a…