By Yadarisa Shabong (Reuters) – Rentokil is buying U.S. rival Terminix in a $6.7 billion deal that will help the UK company build scale and create a global pest control services giant serving both offices and homes. The deal will be funded by $1.3 billion in cash and by more than 640 million Rentokil shares, …
Bugs beware: Rentokil to create pest control giant with $6.7 billion deal Read More »
By Bansari Mayur Kamdar and Shashank Nayar (Reuters) -London’s FTSE 100 ended lower on Tuesday as investors fretted over risks associated with the Omicron variant, while a takeover deal at a significant premium and news of a stake change weighed on pest contol firm Rentokil and telecoms company BT Group. The blue-chip FTSE 100 eased …
FTSE 100 slips as Rentokil weakness, Omicron worries outweigh mining gains Read More »
By Anisha Sircar and Susan Mathew (Reuters) – European shares reversed early gains to end lower for a fifth straight session on Tuesday as technology stocks weighed, while the healthcare sector dipped despite a 12.6% surge in Vifor Pharma. The pan-European STOXX 600 index fell 0.8%, hitting session lows after data showed U.S. producer prices …
European shares fall again with cenbank meetings in focus Read More »
By Danilo Masoni and Joice Alves (Reuters) – The “Buy UK” equity trade that many viewed as a no-brainer at the start of 2021 looks like it has backfired, with British equities suffering record outflows this year despite being at their cheapest in more than three decades. The MSCI UK Index’s valuation discount to world …
Analysis-Cheap and unloved UK Plc still can’t shake risk discount Read More »
MILAN (Reuters) -Italy’s energy transition minister said on Tuesday that the country was better position in terms of gas supplies this winter than its northern European Union partners. The European Commission is studying introducing a system for EU countries to jointly buy gas on a voluntary basis to form strategic reserves https://www.reuters.com/markets/commodities/eu-propose-joint-gas-buying-response-high-energy-prices-document-2021-12-13 as it looks …
By David Milliken LONDON (Reuters) -The British public’s expectations for inflation over the next five to 10 years edged up this month to their joint-highest level in eight years, according to a survey on Tuesday from U.S. bank Citi and polling company YouGov. In news that may discomfit the Bank of England as it decides …
UK medium-term inflation expectations joint-highest since 2013 – Citi/YouGov Read More »
By Marco Aquino LIMA (Reuters) – Hochschild Mining expects Peru’s regulators to approve in the first half of 2022 a plan to extend the life of its Inmaculada silver mine, an executive said, after the firm’s shares were hammered by a dispute fuelled by locals opposed to the extension. If approved, the life of the …
Exclusive-Hochschild sees Peru’s approval early next year for silver mine extension Read More »
By Paul Sandle and Kate Holton LONDON (Reuters) – Patrick Drahi said on Tuesday he had increased his stake in BT to 18%, triggering a blunt response from Britain, which warned it would intervene if necessary to protect the telecoms group building the country’s critical fibre network. Drahi, BT’s biggest shareholder who has pursued debt-fuelled …
Britain warns Drahi after he lifts BT stake to 18% Read More »
By David Milliken LONDON (Reuters) – The International Monetary Fund urged the Bank of England on Tuesday to avoid an “inaction bias” when it comes to raising interest rates as it forecast British inflation would hit a 30-year high of around 5.5% next year. The BoE has said rates will need to rise to ensure …
IMF warns Bank of England not to be too slow to raise interest rates Read More »
LONDON (Reuters) – Tesco has averted strike action by workers at nine distribution centres in the run-up to Christmas by agreeing a new pay deal with trade union Usdaw, Britain’s biggest retailer said on Tuesday. “We’re pleased to have agreed a pay deal with Usdaw that it recommends to its members,” a Tesco spokesperson said. …
Britain’s Tesco agrees pay offer to avert depot strike Read More »
