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Raiffeisen shares slide as Russia allegations reopen its biggest strategic risk
Raiffeisen Bank International shares fell as much as 9% after short seller Grizzly Research alleged the Austrian bank was linked to more than $1 billion of Russian trade circumventing sanctions. Raiffeisen categorically disputed the allegations, while Reuters said it could not independently verify them.
Tata Sons listing battle intensifies as Chandrasekaran wins third term but Tata Trusts objects
Tata Sons has approved another five-year term for N. Chandrasekaran and moved toward complying with Reserve Bank of India requirements that could result in a public listing, while controlling shareholder Tata Trusts has challenged both the reappointment and the listing direction.
AkzoNobel-Axalta $25bn merger enters formal UK competition review
Britain’s Competition and Markets Authority has opened its formal Phase 1 investigation into AkzoNobel and Axalta’s $25 billion merger, putting a November 11 deadline on the first UK regulatory decision for a combination targeting $600 million of annual cost synergies.
Tata shares rise as N Chandrasekaran wins another five years at Tata Sons
Tata Sons has reappointed N. Chandrasekaran for another five years, reversing his earlier decision to leave as India’s largest conglomerate confronts an RBI listing dispute, Air India losses and pressure across major businesses.
Bank7 to acquire Century Financial for $137.3m in Southwest banking expansion
Bank7 Corp. has agreed to acquire Century Financial Services Corporation for approximately $137.3 million, creating a Southwest banking group with about $3.3 billion in assets.
Ara Partners acquires control of Bryden Wood to scale industrial and data centre engineering
Ara Partners has acquired a majority stake in Bryden Wood. Find out why data centres and industrial decarbonisation are central to the deal.
Grab to pay $1.49bn for 60% of Atome as Southeast Asia lending push accelerates
Grab Holdings has agreed to acquire 60% of Atome Financial for $1.49 billion in cash, with a route to full ownership and new 2028 targets for financial-services profitability and lending growth.
Greif closes Sweetwater mill and cuts 90 jobs as $120m savings push accelerates
Greif, Inc. will close its Sweetwater paperboard mill in Georgia and eliminate approximately 90 jobs, removing 120,000 tons of annual capacity as the packaging group concentrates investment on businesses where it believes it holds stronger competitive positions.
Revolut commits CHF150m to Switzerland as banking licence strategy accelerates
Revolut has applied for a Swiss banking licence and committed more than CHF150 million over five years as it attempts to turn a 1.3-million-customer fintech presence into a locally regulated bank offering salary accounts, Swiss IBANs, deposits and investment products.
Babcock holds guidance as defence and nuclear demand support new CEO’s first months
Babcock International has maintained its fiscal 2027 and medium-term guidance after a strong first five months across nuclear and aviation, while new submarine, frigate and defence-support contracts give incoming Chief Executive Harry Holt a growing workload to execute.