(Corrects company name and instrument code to Volvo from Volvo Cars in paragraph 11) By Johann M Cherian, Ozan Ergenay (Reuters) -European shares slipped on Thursday as investors avoided big bets ahead of a monetary policy decision by the European Central Bank and remarks by ECB’s Christine Lagarde on the outlook for interest rate cuts. …
European shares dip ahead of ECB policy decision Read More »
By Amy-Jo Crowley and Emma-Victoria Farr LONDON (Reuters) – Blackstone and CVC are among a list of potential bidders for European festivals organiser Superstruct Entertainment, several sources with knowledge of the situation told Reuters. Superstruct, which runs events including electronic music festival Sonar in Spain and Mysteryland in the Netherlands, could be valued at as …
Blackstone, CVC consider bids for Superstruct festivals firm, sources say Read More »
By Nora Buli OSLO (Reuters) -There is sufficient supply to meet British energy demand during the summer season from April to September this year, the UK’s national transmission companies for gas and electricity said on Thursday. Total UK gas demand was forecast at 29 billion cubic metres (bcm) this summer versus 33.3 bcm in the …
UK can meet power, gas demand this summer-transmission operators Read More »
BERLIN (Reuters) -German broadcaster ProSiebenSat.1 said it has begun the process of selling two e-commerce businesses, a key demand from top investor MFE-MediaForEurope, but reiterated an appeal to shareholders to oppose a complete break-up. MFE, which holds nearly 30% of ProSieben’s shares, wants the company to shed all of its e-commerce and dating businesses in …
ProSieben kicks-off e-commerce asset sales before MFE showdown Read More »
BERLIN (Reuters) – Novartis said on Thursday that its tender offer for MorphoSys has begun, with an offer price of 68 euros ($73.08) per share in cash, corresponding to a premium of 142% on the volume-weighted average price during the last three months. Shares in MorphoSys closed at 67.1 euros per share on April 10. …
BERLIN/DUBAI (Reuters) -The German airline Lufthansa on Thursday extended the suspension of its flights to Tehran due to the situation in the Middle East, which is on alert for Iranian retaliation for a suspected Israeli air strike on Iran’s embassy in Syria. An Iranian news agency had published an Arabic report on the social media …
Middle East on alert for Iranian attack as Lufthansa suspends Tehran flights Read More »
PARIS (Reuters) -Societe Generale has agreed to sell a professional equipment financing business to French rival BPCE for 1.1 billion euros ($1.18 billion) as part of a wider divestment strategy, lifting its shares by more than 3%. France’s third-largest listed bank on Thursday said the sale, expected to close in the first quarter of 2025, …
SocGen to sell Equipment Finance unit to BPCE for 1.1 billion euros Read More »
LONDON (Reuters) – British lenders expect to see both supply and demand for mortgages to strengthen in the coming three months as the housing market strengthens further, a Bank of England survey showed on Thursday. A positive net balance of 19% of lenders expected the supply of mortgages to increase in the coming three months, …
UK lenders expect pickup in mortgage lending, Bank of England says Read More »
BERLIN (Reuters) – A plunge in new housing construction in Germany threatens to derail the country’s economic recovery and worsen political divisions, industry groups warned, calling for 23 billion euros ($24.70 billion) in annual subsidies to address the crisis. The subsidies should be used to build 100,000 social housing units and 60,000 new affordable homes …
German builders demand billions in subsidies to stem housing crisis Read More »
ROME (Reuters) – Italian industrial output was weaker than expected in February, edging up 0.1% from the month before after a 1.4% drop in January, data showed on Thursday. A Reuters survey of 20 analysts had pointed to a 0.5% monthly rebound in February. January’s data was revised to show a steeper decline than the …
Italy industry output edges up by 0.1% in Feb, below forecasts Read More »
