By Carolina Mandl NEW YORK (Reuters) – Global hedge funds have been adding European stocks to their portfolios this year while trimming their exposure to North America amid an ongoing debate over how expensive U.S. equities are, Morgan Stanley’s proprietary data showed. Europe’s STOXX 600 is up 6.5% this year, still lagging the S&P 500, …
LONDON (Reuters) -The British government is no longer the controlling shareholder in NatWest – the bank it bailed out at the height of the global financial crisis – and has reduced its stake in the lender to below 30%, the finance ministry said on Monday. “This is a significant milestone demonstrating we’re making excellent progress …
UK government no longer NatWest’s controlling shareholder Read More »
LONDON (Reuters) – Newcastle United football club co-owner Amanda Staveley on Monday lost a London High Court battle with a Greek shipping tycoon over a historic debt of nearly 3.5 million pounds ($4.4 million). Staveley, who owns 10% of the Premier League side with her husband, denied she was liable to Victor Restis for a …
Newcastle United co-owner loses in bankruptcy row with Greek shipping tycoon Read More »
MADRID (Reuters) -The Spanish government has acquired a 3% stake in telecoms group Telefonica (TEF.MC) through the state holding company SEPI, SEPI said on Monday after it reported the acquisition to the stock market regulator. The government said last December it would acquire a stake of up to 10% in the Spanish company in a …
By Ludwig Burger and Rachel More FRANKFURT (Reuters) -German train drivers’ union GDL said on Monday it had struck a wage deal with rail operator Deutsche Bahn, after months of disputes and strikes. GDL said in a statement it had reached a collective bargaining agreement with Deutsche Bahn and would hold a news conference at …
German train drivers say they have wage deal with Deutsche Bahn Read More »
By Sruthi Shankar and Johann M Cherian (Reuters) -European stocks inched up to close at record high levels on Monday at the start of a holiday-shortened week as investors digested recent big gains spurred by dovish views from major central banks. The STOXX 600 index climbed 0.1% boosted by a 0.9% gain in energy stocks, …
European stocks eke out gains at start of holiday-shortened week Read More »
By Shristi Achar A and Medha Singh (Reuters) -The UK’s blue-chip FTSE 100 eased on Monday as investors digested recent gains on dovish pivots from major central banks, while Direct Line slumped as Belgian insurer Ageas abandoned its buyout plans for the firm. Direct Line shed about 11% after Ageas SA said it did not …
UK stocks ease at start of holiday-shortened week; Direct Line slumps Read More »
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) -Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anti-competitive practices that could result in break-up orders to Apple and Alphabet’s Google, a first for the industry. That in turn could inspire watchdogs …
Google, Apple breakups on the agenda as global regulators target tech Read More »
By Harry Robertson LONDON (Reuters) – The pound was little changed on Monday, hovering near its lowest level in a month after investors last week ramped up their bets that the Bank of England will cut interest rates in June. Sterling was flat at $1.2608, not far off Friday’s one-month low of $1.2576. The euro …
Sterling hovers near one-month low on rate cut bets Read More »
(Reuters) – Pennon pushed back its expectation of getting an industry-leading environmental rating by a year to 2025, the British water firm said on Monday, as heavier rainfall and stormy weather weighed on the company’s performance. The company said its annual financial performance was in line with its own expectations, and expects to retain a …
Pennon delays achieving top environmental rating to 2025 amid weather challenges Read More »
