By Khushi Singh and Purvi Agarwal (Reuters) -The UK’s benchmark FTSE 100 edged higher on Friday as markets globally cheered U.S. Federal Reserve Chair Jerome Powell’s nod to initiate rate cuts at the Jackson Hole economic symposium. The blue-chip FTSE 100 index was up 0.5%, but logged in weekly declines. The mid-cap FTSE 250 added …
By Emma-Victoria Farr and Markus Wacket FRANKFURT (Reuters) – Deutsche Bahn’s logistics unit Schenker has collected final bids from a consortium led by CVC Capital Partners and Danish transport firm DSV that value the business at around 14 billion euros ($15.57 billion), two people familiar with the matter told Reuters. The CVC consortium also submitted …
CVC, DSV submit final bids around $15.6bln for Deutsche Bahn’s Schenker, sources say Read More »
By Pranav Kashyap (Reuters) -European shares were largely flat on Friday, navigating through mildly turbulent trading, as investors were cautious ahead of Federal Reserve Chair Jerome Powell’s eagerly-awaited speech later in the day. The pan-European STOXX 600 index rose 0.1% to 516.37 at 0820 GMT. ALL EYES ON POWELL’S SPEECH The “fear gauge” Euro STOXX …
Europe shares tepid on last-minute jitters ahead of Powell’s speech Read More »
By Aby Jose Koilparambil and Iain Withers LONDON (Reuters) -Direct Line lowered its end-2023 solvency capital ratio on Friday citing a previous miscalculation, sending shares in the British home and motor insurer down 3% in early trade. Direct Line said its solvency capital ratio, a measure of its financial strength, had been recalculated as 188% …
Direct Line lowers key capital ratio after miscalculation, shares drop Read More »
BERLIN (Reuters) – Euro zone consumers’ inflation expectations over the next 12 months remained steady for the third month in a row in July, a European Central Bank survey showed on Friday. The ECB’s Consumer Expectations Survey is one input that central bankers from the euro zone’s 20 countries use to gauge whether the public …
Euro zone consumers’ inflation expectations hold steady, ECB survey shows Read More »
By John Revill ZURICH (Reuters) -Nestle shares tumbled early on Friday following the abrupt departure of CEO Mark Schneider from the world’s biggest foodmaker and his replacement by company veteran Laurent Freixe. Schneider’s surprise exit was announced late on Thursday following a board meeting that put an end to the near eight-year tenure of the …
Nestle shares tumble following abrupt departure of CEO Read More »
By Catarina Demony and Radhika Anilkumar (Reuters) – British energy regulator Ofgem on Friday raised its price cap on household energy bills by 10% from Oct. 1 to an annual level of 1,717 pounds ($2,250.64), a jump blamed on severe weather events and conflicts such as the war in Ukraine. “Ultimately the price rise we …
Extreme weather and geopolitics to send UK energy bills up 10% Read More »
(Reuters) – Britain’s water regulator on Friday confirmed the implementation of commitments from struggling Thames Water to address its license violation after the loss of its investment grade credit ratings. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D’Souza)
By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -Workers at Canadian National Railway will begin returning to work on Friday, the Teamsters union said, hours after the Canadian government moved to end an unprecedented rail stoppage. The union said the work stoppage at Canadian Pacific Kansas City would continue pending an order from the Canadian …
Canada moves to end rail shutdown quickly; CN workers to return to work Read More »
(Reuters) -Skydance Media is accusing Paramount Global’s special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday. This comes after veteran media executive Edgar Bronfman Jr sweetened his bid to take over Paramount offering …
Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports Read More »
