Category: Business

U.S. private equity firm KKR (KKR.N) said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PAI Partners. KKR and Roompot did not disclose the price of the deal, but a source familiar with the transaction said it valued the Dutch company at around 1 […]

French carmaker Renault (RENA.PA) has not asked for European Union’s stringent carbon emission reduction goals to be pushed back in spite of the coronavirus crisis, Chairman Jean-Dominique Senard said on Friday. Senard, who was speaking at a shareholder meeting, added that the company aimed to increase production of electric vehicles in France fourfold by 2024.

Colgate-Palmolive (CL.N) on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality. Darlie is a popular Chinese brand owned by Colgate and its joint venture partner, Hawley & Hazel. Its package features a smiling man […]

The chief of Malaysian energy giant Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states run by a government ally, sources close to the government and the company said. Extra payments would hit Petronas and the national budget at a time the novel […]

BMW (BMWG.DE) will not extend the contracts of 10,000 contract workers, a company source said, as the German luxury carmaker seeks to reduce its capacity due to the coronavirus crisis. The Munich-based company said earlier on Friday it had reached an agreement with the works council a package of “personnel measures for a sustainable future”.

Wirecard’s chief executive, Markus Braun, has resigned, the German technology firm said on Friday, adding that James Freis had been appointed as interim CEO.

1/‘RUSSELL RECON’After one of the most severe equity market selloffs in decades comes the June 26 “Russell Recon”, the once-a-year re-jig of FTSE Russells’s U.S. index range, tracked by over $9 trillion in assets. Bank of America analysts predict big changes this year, with a greater skew towards mega-cap tech stocks. Those “moving up” may […]