Surteco Group SE is considering selling assets including its skirtings and technical profile businesses that could be valued at €100 million ($120 million) to €200 million in total, according to people familiar with the matter. The Frankfurt-listed company is working with an adviser on the potential divestment, said the people, who asked not to be identified as the information is private. Consider...
Surteco Group SE is considering selling assets including its skirtings and technical profile businesses that could be valued at €100 million ($120 million) to €200 million in total, according to people familiar with the matter. The Frankfurt-listed company is working with an adviser on the potential divestment, said the people, who asked not to be identified as the information is private. Considerations are preliminary and Surteco could decide to also sell additional assets or to keep them for longer, depending on buyer interest, the people said. Shares of Surteco have fallen about 44% in the past 12 months, giving the Frankfurt-listed company a market value of about €190 million. Surteco manufactures decorative surface materials, edging and profiles for furniture, flooring and interior design. Its market capitalization reached its peak at about €620 million in November 2021. A representative for Surteco declined to comment.
saifulasmee chede/iStock via Getty Images Brightline East and West show that some munis depend more on the cash flow of a single project. Learn how to spot risk factors and make smarter infrastructure investing decisions. What is Project Finance? Project finance is a way of funding infrastructure where bond repayment depends mainly on the performance of a single project, not on a government’s tax ...
saifulasmee chede/iStock via Getty Images Brightline East and West show that some munis depend more on the cash flow of a single project. Learn how to spot risk factors and make smarter infrastructure investing decisions. What is Project Finance? Project finance is a way of funding infrastructure where bond repayment depends mainly on the performance of a single project, not on a government’s tax revenues. Investors are paid from the project’s own cash flow and liquidity, which means factors like execution, operating results, and access to refinancing play a central role. When municipal bonds are structured this way, they behave less like traditional munis and more like stand-alone businesses that must manage cash carefully to survive changing market conditions. Brightline East and Brightline West: Municipal Bonds Backed by One Project’s Cash Flow Municipal investors are used to sorting credits by familiar labels: general obligation, essential service revenue, appropriation, and the rest. Brightline is a useful reminder that another category exists inside the tax-exempt market: private, single-asset infrastructure financed with private activity bonds, where the ultimate driver of outcomes is not a tax base but enterprise cash flow, liquidity, and access to refinancing. That distinction matters because Brightline’s story has shifted. It’s no longer just about building rails and growing ridership. It’s also about capital structure, amendments, exchange mechanics, and how stakeholders allocate pain (and upside) when the original plan collides with the reality of higher rates, slower ramps, cost increases and tighter risk tolerance. Brightline East vs West: Munis in Focus Brightline Florida (often casually called Brightline East) is a completed high-speed intercity passenger rail currently connecting Miami and Orlando, with connections in between. The underwriting question for its senior bonds is fundamentally an operating one: can ridership, pricing power, and cost con...
Beata Manthey, Citigroup's European equity strategy head, comments on recent FX market moves in the EUR/USD trade and "re-emerging" tariff risks. "We continue to see the diversification trade being stronger this year," Manthey tells Bloomberg Television. "What is happening geopolitically around the world really re-emphasizes the domestic trade in Europe." (Source: Bloomberg)
Beata Manthey, Citigroup's European equity strategy head, comments on recent FX market moves in the EUR/USD trade and "re-emerging" tariff risks. "We continue to see the diversification trade being stronger this year," Manthey tells Bloomberg Television. "What is happening geopolitically around the world really re-emphasizes the domestic trade in Europe." (Source: Bloomberg)
LONDON, Jan 28 (Reuters) - Britain's competition regulator on Wednesday proposed a package of measures that it said would improve Google search services in the country, including making sure publishers get a fairer deal over how their content is used in the engine's AI overviews. Google said in response it was "exploring" updates to its controls to let sites specifically opt out of search gen...
LONDON, Jan 28 (Reuters) - Britain's competition regulator on Wednesday proposed a package of measures that it said would improve Google search services in the country, including making sure publishers get a fairer deal over how their content is used in the engine's AI overviews. Google said in response it was "exploring" updates to its controls to let sites specifically opt out of search generative AI features. "Any new controls need to avoid breaking search in a way that leads to a fragmented or confusing experience for people," it said. "We're optimistic we can find a path forward that provides even more choice to website owners and publishers, while ensuring people continue to get the most helpful and innovative Search experience possible." Google was the first company to be targeted by the regulator's new powers to tackle the dominance of big tech when it designated Google as having "strategic market status" in October, allowing it to step in on some issues. (Reporting by Muvija M and Paul Sandle, editing by Sarah Young)
The US dollar has fallen to its lowest level in four years after Donald Trump brushed off concerns over the currency’s fall, sending investors fleeing to traditional havens including gold and the Swiss franc. The dollar dropped by 1.3% against a basket of currencies after the president’s comments on Tuesday, marking its fourth day of declines, then slipped by a further 0.2% on Wednesday morning. “...
The US dollar has fallen to its lowest level in four years after Donald Trump brushed off concerns over the currency’s fall, sending investors fleeing to traditional havens including gold and the Swiss franc. The dollar dropped by 1.3% against a basket of currencies after the president’s comments on Tuesday, marking its fourth day of declines, then slipped by a further 0.2% on Wednesday morning. “No, I think it’s great,” Trump said of the weaker dollar, during a visit to Iowa to promote his record on the economy. Asked whether he was concerned about the currency’s slide, he told reporters: “I think the value of the dollar – look at the business we’re doing. The dollar’s doing great.” The greenback has tumbled by 10% over the past year, while Tuesday’s fall was the largest one-day drop since last April, when Trump announced his sweeping tariff plans, marking a global market sell-off. The dollar has now touched its lowest level since February 2022, after unpredictable US policymaking, including Trump’s recent threats to take over Greenland and impose further tariffs on European allies, unleashed fresh geopolitical shocks. “A weaker dollar is a two-sided coin,” said Steve Sosnick, a market strategist at Interactive Brokers, adding that it was good for multinational companies. “If you have operations around the world and foreign currency revenue that will have a conversion advantage when you turn it into US dollars, that will be good. On the other, it makes imported goods more expensive and there might be some inflationary impact from that.” The dollar’s slide has also propelled some rival global currencies to multi-year highs. The Swiss franc has soared to its highest level against the dollar in more than a decade, as traders have sought out a store of wealth traditionally viewed as a haven insulated from global volatility. The franc has already climbed 3% against the dollar so far this year, after a 14% rise in 2025. The euro has also surged to $1.20 against the dolla...