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EMEA

Deutsche Bank hires top Credit Suisse ECM banker Gruffat
Business & Finance

Deutsche Bank hires top Credit Suisse ECM banker Gruffat

  • Gruffat joins the German bank's equity capital markets for Europe, Middle East and Africa after over two decades at Credit Suisse, according to an internal memo seen by Reuters.
  • The ECM sector has been one of Credit Suisse's bright spots though, with its strong tech franchise in the United States helping keep it competitive with its Wall Street rivals.
Published 20 May, 2021 09:14pm
Kone's shares drop more than 8pc after orders slip
Markets

Kone's shares drop more than 8pc after orders slip

  • The rise will pressure Kone to raise prices to offset a margin drag into 2022, Citi analysts said in a note.
  • Kone reported a rise in operating profit to 249.8 million euros ($301.53 million) from 197.2 million a year ago on sales of 2.3 billion euros following continued growth in China.
Updated 28 Apr, 2021 07:37pm