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On Monday, Milan opens in positive territory on a quiet day in terms of macroeconomic data but eventful on the corporate results front in Piazza Affari, dragging the other European lists as well with... | March 27, 2023
Europe's major stock markets close lower Friday on another heavy day for banking stocks that have been suffering across the Old Continent for more than a week. European Union leaders and the head of... | March 24, 2023
By Syndicated Content May 17, 2021 | 5:13 AM MILAN (Reuters) â Shares in Italian publisher RCS and its controlling investor Italyâs Cairo Communication fell on Monday after an arbitration tribunal ruled in favour of Blackstone over the disputed sale of the RCS headquarters. Shares in RCS Mediagroup were down 3.4% and Cairo Communication stocks fell 7.2% at 0900 GMT, compared with a broadly flat market. A Milan-based analyst said the shares fell because of concerns that RCS now faced financial risks as a result of two U.S. lawsuits filed by Blackstone that had been put on...
FinanceShares in Italy's RCS, controlling firm fall after tribunal ruling Reuters 3 minute read The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid/File Photo Shares in Italian publisher RCS (RCSM.MI) and its controlling investor Italy's Cairo Communication (CAI.MI) fell on Monday after an arbitration tribunal ruled in favour of Blackstone (BX.N) over the disputed sale of the RCS headquarters. RCS launched arbitration proceedings in late 2018 to nullify th...