(Reuters) -Britain’s FTSE 100 touched a more than one-month low on Friday and logged its sharpest drop since October 2023 for a week filled with a raft of central bank policy decisions. The FTSE 100 dropped 0.3%, hitting its lowest since Nov. 13, though the mid-cap FTSE 250 was up 0.3%, after hitting a near …
UK’s FTSE 100 logs worst week in more than a year Read More »
By Sruthi Shankar and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 clocked its second straight weekly fall on Friday, with the healthcare sector leading losses after Danish firm Novo Nordisk tumbled on disappointing data from its next generation obesity drug trial. The pan-European STOXX 600 index closed 0.9% lower, paring some losses after falling as much …
European shares see worst week in over three-months as healthcare slides Read More »
ZURICH (Reuters) – Switzerland will keep its majority stake in telecom company Swisscom, the government said on Friday. The decision came after a review that found state participation to be necessary from a security policy perspective. The government will set its strategic goals for Swisscom for the period 2026-2029 in the coming year. (Reporting by …
Swiss majority stake in Swisscom confirmed after review Read More »
By Amy-Jo Crowley and Elvira Pollina LONDON (Reuters) – The owner of TVN Group has begun the process of selling the Polish media broadcaster, four people familiar with the matter told Reuters. Shareholder Warner Bros Discovery is working with advisers at JPMorgan on the sale of the company, the people said. The investment bank has …
Polish broadcaster TVN owners begin sale process, sources say Read More »
By Nicholas P. Brown and Ananya Mariam Rajesh (Reuters) -New Nike CEO Elliott Hill’s plan to refocus on sports that are core to its brand like basketball and running allayed some investor worries on Friday, but Wall Street initially was taking a wait-and-see approach to the promised comeback. The longtime Nike executive returned to the …
New Nike CEO goes back to basics as investors cool their heels Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – The Danish crown weakened on Friday, after disappointing results from a late-stage trial of a new weight-loss drug drove a big fall in the shares of Denmark’s largest company, Novo Nordisk. The success of existing weight-loss treatment Wegovy in recent years has benefited the Danish economy as well as …
Novo Nordisk’s drug trial results weaken Danish currency Read More »
(Reuters) – Britain’s Thames Water said on Friday it was proposing, as a precautionary measure, to waive potential defaults that might arise from a group of Class B creditors seeking a parallel restructuring plan. Earlier this week, the troubled utility company appeared before a London court, seeking approval for a crucial 3 billion pounds ($3.77 …
Thames Water proposes to waive default amid competing debt restructuring plan Read More »
ZURICH (Reuters) – Switzerland on Friday published a long-awaited parliamentary report into last year’s collapse of Credit Suisse, an event that called into question the country’s reputation for financial stability and prompted far-reaching questions about what went wrong. Following an 18-month inquiry, the parliamentary committee made 30 recommendations and requests it said could help prevent …
Factbox-Swiss findings on the Credit Suisse collapse Read More »
By Valerie Volcovici WASHINGTON (Reuters) – U.S. officials doubled down on their appeal to EU counterparts to ensure liquefied natural gas shipments that meet current U.S. methane regulations also automatically comply with Europe’s new standards for gas imports, a letter seen by Reuters on Thursday showed. President Joe Biden’s administration sent a second letter to …
US presses EU to align methane regulations for LNG Read More »
By Dave Graham and Ariane Luthi BERN (Reuters) -Swiss lawmakers called for stricter oversight of the financial sector after investigating the collapse of Credit Suisse, casting an unflattering light on authorities while pinning the blame on the bank’s implosion primarily on its managers. In a long-awaited 569-page report published on Friday, lawmakers exposed Swiss bureaucracy …
