MADRID (Reuters) -The Spanish government plans to cede some powers related to banking supervision to the European Central Bank and the Bank of Spain, it said on Thursday, following EU criticism of its attempts to hinder BBVA’s bid for Sabadell. An Economy Ministry spokesperson said that “domestic regulations will be adapted to guarantee the exclusive …
Spain to cede some bank M&A powers to ECB, central bank Read More »
By Maggie Fick LONDON (Reuters) -Novo Nordisk’s late bid to hijack Pfizer’s takeover of U.S. obesity biotech Metsera marks an aggressive shift from the Danish drugmaker as it seeks to regain ground in the weight-loss drug market under a new CEO and board. Novo, the drugmaker behind blockbuster weight-loss drug Wegovy and diabetes treatment Ozempic, …
Analysis-Novo Nordisk changes tack with bold raid on Pfizer obesity deal Read More »
By Stephanie Kelly, Shadia Nasralla and America Hernandez LONDON/PARIS (Reuters) -Shell and TotalEnergies posted quarterly profit falls of 10% and 2%, respectively, on Thursday, dragged down by lower oil prices, though Shell beat expectations helped by better trading results in its huge gas division. While Shell, the world’s largest liquefied natural gas trader, is keeping …
Shell profit above, TotalEnergies in line with expectations amid lower prices Read More »
FLORENCE, Italy/FRANKFURT (Reuters) -European Central Bank policymakers are preparing for something of a showdown at their next meeting in December, when new three-year projections will shed light on whether or not they risk undershooting their target, four sources told Reuters. The European Central Bank kept interest rates unchanged at 2% for the third meeting in …
ECB policymakers prepare for December showdown on inflation, rates Read More »
(corrects headline and references in paragraph 1 and 11 to show that Shawbrook’s IPO is the largest UK-based company to list on the LSE in 2 years, not the largest) By Charlie Conchie LONDON (Reuters) -Shares in British lender Shawbrook jumped as much as 8% in early Thursday trade following London’s biggest initial public offering …
Shawbrook shares jump after biggest UK company IPO on LSE in two years Read More »
BELGRADE (Reuters) -The International Monetary Fund and Serbia have reached a staff-level agreement on the second review under a 36-month arrangement to help support economic reforms in the Balkan country, the IMF said on Thursday. The so-called Policy Coordination Instrument was signed in October 2024 to make it easier for Serbia to secure lending from …
IMF, Serbia reach staff-level agreement on 36-month deal Read More »
By Foo Yun Chee BRUSSELS (Reuters) -EU tech chief Henna Virkkunen will meet chipmaker Nexperia on Friday, she said on X, amid concerns about a deepening supply squeeze linked to the Dutch company. “Tomorrow meeting @Nexperia. Important lessons being drawn for our #ChipsAct 2.0 foreseen beginning of 2026,” Virkkunen said on X. She had hosted …
EU tech chief Virkkunen to meet chipmaker Nexperia amid supply worries Read More »
By Avinash P (Reuters) -London-listed stocks were subdued on Thursday as investors paused after a recent rally and scrutinised corporate earnings reports from the likes of advertisement group WPP, banking group Standard Chartered and energy giant Shell. The blue-chip FTSE 100 was flat, snapping eight consecutive sessions of gains, while the domestically focused FTSE 250 …
London stocks pause after recent gains; WPP plunges on profit warning Read More »
By Shadia Nasralla and America Hernandez LONDON (Reuters) -Shell and TotalEnergies, the world’s two largest listed LNG traders, said on Thursday that the exact timing of new LNG projects starting up around the world is in flux, which could create uncertainty about long-term supply. New LNG projects are seeing delays as they face rising construction costs …
Shell, Total flag uncertainty in timing of new global LNG supply Read More »
LONDON (Reuters) -New information has emerged after a review of emails sent by the husband of British finance minister Rachel Reeves, Prime Minister Keir Starmer’s spokesperson said on Thursday following her admission that she had made an error on her house rental. The spokesperson told reporters the new information had been passed to both Starmer …
New information on UK finance minister has emerged, PM spokesperson says Read More »
