Mexico's federal government will take on payments coming due for Petroleos Mexicanos (Pemex), the state oil company's chief executive said on Wednesday, adding to a series of support measures for the firm announced in recent weeks.
By Reuters Staff
2 Min Read
MOSCOW, March 3 (Reuters) - Russian food service operator Dodo Brands said on Wednesday it is planning an initial public offering in early 2024, the latest firm in the country to eye a listing with stock markets lifted by post-pandemic recovery hopes.
Dodo Brands said the plan was part of a wider strategy to develop its three food ventures - Dodo Pizza, Drinkit and Doner 42 - over the next three years and achieve earnings before interest, tax, depreciation and amortisation (EBITDA) of at least $30 million in 2024.
It also said it would issue rouble-denominated bonds in Moscow next year or seek financial investment as an interim step towards the stock market listing.
Finance minister Rishi Sunak announced a costly extension of his emergency aid programmes to see Britain's economy through its coronavirus lockdown but also said corporate tax would rise as he began to focus on fixing the public finances.
UK Finance minister Rishi Sunak promised on Wednesday to do "whatever it takes", including a five-month extension of Britain's huge jobs rescue plan, to steer the economy through what he hopes will be the final months of COVID-19 restrictions.