Japanese shares closed slightly higher on Wednesday, led by technology stocks, but concerns about corporate outlook capped gains even as investors awaited a decision by the U.S. Federal Reserve.
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April 25 (Reuters) - U.S. taxi and limousine services are seeing a boom in business from customers seeking to enter Canada by land to avoid a restriction on international travel that applies only to air traffic.
While both Canadian land and air travellers are required to take a test within three days of departure, and again on arrival, only those flying to Canada must spend up to three days of the country’s 14-day required quarantine period in a hotel.
That has led to a surge of calls for taxi and limousine services from Canadians who fly through U.S. airports in states like New York and then cross over the land border, representatives of four companies told Reuters.
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(Corrects headline and first paragraph to clarify company is selling more than one business. Corrects paragraph 7 to say company sees annual profit ahead of its expectations not more than 900 million pounds) To sell FirstStudent, FirstTransit to EQT Infrastructure Proposes 30p per share return to shareholders in 2021 Shares rise as much as 19% to highest level in 13 months
April 23 (Reuters) - FirstGroup agreed to sell two North American bus businesses for $4.6 billion including debt to Swedish private equity firm EQT Infrastructure on Friday, to focus on its bus and rail operations in the UK.
Shares in the FTSE 250 firm, which operates First Bus and four train contracts in Britain, surged 19% in early trade to hit a more than one year high of 101.3 pence.
By Reuters Staff
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April 17 (Reuters) - Channel tunnel operator Eurostar has struck a deal with its lenders to refinance hundreds of millions of pounds of debts, the Telegraph newspaper reported on Saturday, paving the way for talks to restart about financial support from British taxpayers.
A group of banks, including state-backed NatWest, have agreed to refinance 400 million pounds ($553 million) of loans that were due to be repaid this summer, according to the paper. ($1 = 0.7230 pounds) (Reporting by Kanishka Singh in Bengaluru; Editing by Kevin Liffey)
By Reuters Staff
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The desk of car rental company Hertz is seen at Nice International airport during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. REUTERS/Eric Gaillard
(Reuters) - Investment firms Knighthead Capital Management and Certares Management sweetened their bid to fund Hertz Global’s exit from bankruptcy, valuing the U.S. car rental firm at $6.2 billion, the Wall Street Journal reported on Friday.
Knighthead and Certares have proposed taking control of Hertz with backing from some existing shareholders of the rental firm and private-equity company Apollo Global Management Inc, which has agreed to supply up to $2.5 billion in preferred equity financing, the report said here, citing people familiar with the matter.