(Reuters) – The electrical interconnector between France and Britain will stay suspended until February 2025 due to a damaged cable, channel operator Getlink said on Monday. The service was first suspended on Sept. 25. The expected return of service is now expected on Feb. 10. Getlink, which runs the undersea tunnel connecting France to the …
France-UK electrical interconnector suspension extended, operator says Read More »
ZURICH (Reuters) – Holcim has completed its 1 billion Swiss franc ($1.12 billion) share buyback, purchasing 2.1% of its share capital, the Swiss building materials company said on Monday. The 12.25 million shares in the scheme will be canceled, subject to shareholders’ approval next year, reducing the amount of outstanding shares to 566,875,513. ($1 = …
A look at the day ahead in European and global markets from Wayne Cole. China has kicked off the week with some uninspiring data as retail sales in November rose just 3.0% y/y, when median forecasts had been for +4.6% y/y. House prices also continued to fall, though industrial output did at least hold up. …
By Naomi Rovnick LONDON (Reuters) – The year ahead is shaping up badly for Europe with its financial markets already hit hard by U.S. tariff fears and political turmoil in France and Germany, yet some investors are calling peak pessimism and hunting for bargains amid the gloom. European stocks are set to underperform the U.S. …
Laggard European markets may be 2025’s top recovery trade Read More »
BEIJING/HONG KONG (Reuters) -China’s CNOOC Ltd has sold its U.S. subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday. The Chinese oil and gas major said CNOOC Energy Holdings U.S.A. entered into a sales agreement with a …
China’s CNOOC sells US assets to Britain’s INEOS Read More »
(Reuters) -The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday. The approval is set to be announced as early as Monday morning, the report said, citing people familiar with the matter. International Distribution Services (IDS) and the Competition …
UK approves Daniel Kretinsky’s $6.7 billion bid for Royal Mail parent, FT reports Read More »
LONDON (Reuters) – British manufacturers have reported the sharpest loss of confidence since the start of the COVID-19 pandemic in the face of higher costs including tax increases by the new government, a group representing the sector said on Monday. Make UK said its gauge of manufacturers’ confidence about the economic outlook over the next …
UK factories take fright as budget adds to cost pressures, survey shows Read More »
By Suban Abdulla LONDON (Reuters) – Average asking prices for newly listed houses and apartments in Britain fell by 1.7% in December, but activity was robust for the time of year as movers aimed to complete sales before property purchase taxes rise in April, property website Rightmove said on Monday. Rightmove’s data is not seasonally …
UK property asking prices fall, headwinds remain for 2025, Rightmove says Read More »
By Valentina Za MILAN (Reuters) -UniCredit on Friday filed its buyout offer for rival Banco BPM with Italy’s market regulator, and CEO Andrea Orcel said the price was adequate. The filing makes the 10-billion-euro ($10.5 billion) all-share offer, which UniCredit announced on Nov. 25, binding and sets a price floor. UniCredit also applied to relevant …
UniCredit CEO says $10.5 billion Banco BPM bid is fair as offer becomes binding Read More »
By Giselda Vagnoni ROME (Reuters) – Italy’s Prime Minister Giorgia Meloni said on Sunday she would lead the government responsibly until the end of its mandate as parliament debates a budget aimed at supporting the euro zone’s third-largest economy while trimming its debt. Rome, which was put under the EU’s excessive deficit procedure this year, …
Italy’s Meloni pledges financial discipline as parliament debates budget Read More »
