By Sruthi Shankar and Johann M Cherian (Reuters) – European stocks ended lower on Friday and down for the week, as signs of persistent U.S. price pressures and a recovering euro zone economy cast doubt over prospects for several interest rate cuts from major central banks this year. The pan-European STOXX 600 index dipped 0.1%, …
European stocks end week lower as rate worries resurface Read More »
By Pranav Kashyap and Purvi Agarwal (Reuters) -London’s FTSE 100 slipped on Friday, falling for the fourth straight session, as receding expectations of interest rate cuts across major economies and political uncertainty ahead of the general elections at home weighed on investor sentiment. The blue-chip FTSE 100 index dipped 0.3%, in its longest losing streak …
British stocks fall for 4th straight session as rate cut push back weighs Read More »
By Iain Withers LONDON (Reuters) -Abrdn CEO Stephen Bird has stepped down, the British fund manager said on Friday, after a turbulent four-year tenure marked by deep outflows of client cash and a much-criticised rebranding. The company said that the board and Bird had agreed it was the “right time to hand over the reins”, …
Abrdn CEO Bird exits abruptly after four rocky years Read More »
By Alexander Hübner MUNICH (Reuters) -Siemens AG will likely transfer its remaining 17.1% stake in Siemens Energy to the group’s pension fund to avoid diluting the value of the company’s shares via a placement, the group’s finance chief told Reuters. The comments are the clearest indication yet of Siemens’ plans for the stake which is …
Exclusive-Siemens likely to transfer Siemens Energy stake to pension fund, CFO says Read More »
By Foo Yun Chee and Elvira Pollina BRUSSELS/MILAN (Reuters) -U.S. investment firm KKR is expected to get unconditional EU antitrust approval to buy Telecom Italia’s (TIM) fixed-line network after agreeing to keep commercial agreements with TIM rivals, people with direct knowledge of the matter said. The 22-billion-euro ($23.9 billion) deal is significant as it marks …
By Clara Denina and Felix Njini LONDON/JOHANNESBURG (Reuters) – BHP’s resolve to add more copper to its portfolio will be tested by Anglo American investors’ demands for a simpler offer for the whole company or a cash sweetener to clinch a deal that could become the biggest in mining history. Anglo on Wednesday gave BHP, …
Analysis-Battle for Anglo’s copper assets tests BHP’s resolve as deadline looms Read More »
By Amanda Cooper LONDON (Reuters) – The pound eased on Friday after data showed wet weather hit UK consumer spending far more than expected in April, but evidence of sticky inflation, and the surprise announcement this week of a July general election kept sterling near two-month highs. Sales volumes dropped by 2.3% in April after …
Sterling holds near two-month highs in volatile week Read More »
By Giuseppe Fonte STRESA, Italy (Reuters) – Italy has approved a decree enabling state brodcaster RAI to sell a stake in its tower unit RaiWay, as long as the disposal is compatible with a tie-up of RaiWay with rival EI Towers, a government source told Reuters. Explored for years, a combination between RaiWay and EI …
Exclusive-Italy sets terms for RaiWay stake sale, TV towers tie-up Read More »
By Giuseppe Fonte STRESA, Italy (Reuters) – An accord over a global minimum tax on multinationals will not be finalised by June as previously planned, Italy’s Economy Minister Giancarlo Giorgetti said ahead of a G7 finance summit starting on Friday. Giorgetti, who chairs the gathering as Italy holds the G7 presidency this year, said that …
Global minimum tax deal on multinationals set to fail, G7 chair says Read More »
By Tim Hepher PARIS (Reuters) – Airbus is showing off an unusual vehicle – a truck fitted with basic A350 airliner controls – that it hopes can demonstrate how automated taxiing will make airports safer as concern grows over a spate of jetliners colliding on the ground. The converted electric truck at VivaTech, Europe’s biggest …
Airbus fits electric truck with airliner cockpit to study safer taxiing Read More »
