London Stock Exchange Group Starts Search for New City Office
London Stock Exchange Group Plc has started the hunt for a new office, raising the prospect it may move out of their Paternoster Square headquarters near St Paul’s.
Bloomberg Business
Insurers Climate Group Adjusts Guidelines After GOP Attacks
The Net Zero Insurance Alliance, which has been rocked by claims of antitrust violations by US Republicans, is tweaking its membership criteria to evade further accusations of collusion.
Teva Weighs Sale of $2 Billion Active Ingredients Unit
Teva Pharmaceutical Industries Ltd. is weighing options for its active ingredients business, including a possible sale, people with knowledge of the matter said, as takeovers of health-care assets continue to defy the global dealmaking slump.
BOE Governor Sees Some Evidence of Overcharging for Fuel in UK
Bank of England Governor Andrew Bailey said there’s some signs that fuel sellers are charging too much for petrol in the UK and that government action to curb unfair practices will help bring down inflation.
Germany Factory Orders Jump as Economy Shakes Off Recession
German factory orders rebounded in May, a sign the manufacturing slump may be easing as Europe’s biggest economy shakes off a recession.
Tata Weighs Buying Temasek’s Stake in Pay TV Platform, Sources Say
Tata Group is considering an offer to buy back a stake in its entertainment content distribution platform from Temasek Holdings Pte as the Indian conglomerate weighs postponing Tata Play Ltd.’s initial public offering, according to people with knowledge of the matter.
Nagoya Port Resumes Some Operations After Ransomware Attack
The Port of Nagoya began gradually resuming operations Thursday afternoon, the Nagoya Harbor Transportation Association said, after an alleged Russian ransomware attack disrupted cargo packing procedures earlier this week.
Hedge Fund Verition Joins Global Peers Setting Up in Dubai
Verition Fund Management is opening an office in Dubai, joining industry heavyweights Millennium Management and ExodusPoint Capital Management who’ve recently expanded to the emirate.
Russian Missiles Hit Western Ukraine as Zelenskiy Vows Response
Russia unleashed the most devastating missile barrage to hit the city of Lviv in western Ukraine since the start of the war, prompting the country’s president, Volodymyr Zelenskiy, to vow retaliation for the overnight attack.
Hong Kong Short-Selling Activity Reaches Record as Stocks Slide
Short-selling activity on Hong Kong stocks surged Wednesday, pushing the turnover in short positions as a proportion of the market’s total to a record 27%, according to Bloomberg calculations based on exchange data.
