By Shubham Batra and Shashwat Chauhan (Reuters) -UK’s FTSE 100 ended slightly higher on Friday as rising energy stocks helped counter broader market weakness, although along with the FTSE 250 it clocked a weekly loss. The benchmark FTSE 100 closed up 0.1%, while the midcap index was down 0.1%. Both indexes logged weekly falls, of …
UK’s FTSE 100 logs weekly fall despite late energy boost Read More »
By Lawrence White LONDON (Reuters) -Two British insurers on Friday struck deals to take on a combined 8.8 billion pounds ($11 billion) of company pension liabilities, including the largest such UK deal so far, as pension schemes strive to limit their risks in volatile markets. Legal & General said it had agreed a so-called full …
UK pension transfer boom continues as deals worth $11 billion struck Read More »
By Michel Rose and Maggie Fick PARIS/LONDON (Reuters) -Novo Nordisk on Thursday announced a $2.3 billion investment to boost production of its wildly popular weight-loss and diabetes drugs at a site in Chartres, France as it races to meet soaring demand. The investment will significantly increase production capacity for current medicines including Ozempic and Wegovy …
Novo Nordisk invests $2.3 billion in France to boost obesity drug production Read More »
By Greta Rosen Fondahn and John O’Donnell (Reuters) – Troubled Swedish property group SBB has paid back some debt early, buying more than 400 million euros ($436.3 million) of bonds and securities at a small discount as it scrambles to tackle a multi-billion debt pile. The company will pay 404 million euros to buy back …
Sweden’s troubled SBB repays debt early to bolster finances Read More »
BERLIN (Reuters) -German business morale improved for the third month in a row in November, though by slightly less than expected, a survey showed on Friday. The Ifo institute said its business climate index stood at 87.3 versus the 87.5 reading forecast by analysts in a Reuters poll. Companies were somewhat more satisfied in November …
German business sentiment improves in November – Ifo Read More »
LONDON (Reuters) – Support for British Prime Minister Rishi Sunak’s Conservative Party has risen by four percentage points following the announcement of tax cuts and financial support this week, the Times newspaper reported on Friday, citing polling by YouGov. On Wednesday, finance minister Jeremy Hunt announced tax cuts for workers before an expected 2024 election …
UK PM Sunak’s tax cuts yield polling boost – Times/YouGov Read More »
By Holger Hansen and Kirsti Knolle BERLIN (Reuters) -German Finance Minister Christian Lindner will propose a supplementary budget for this year which includes the suspension of limits on new borrowing, as he tries to ease a budgetary crisis caused by a court ruling last week. The German government has in the last week scrambled to …
Germany moves to suspend debt brake for 2023 to fix budget turmoil Read More »
ROME (Reuters) – Italy should be taking tougher action to deal with its deficit and debt levels, the head of the International Monetary Fund (IMF) said in an interview published online on Thursday. “We think that what is now in the budget for Italy should be strengthened,” IMF Managing Director Kristalina Georgieva was quoted as …
Italy needs to get tougher on debt, deficit -IMF’s Georgieva Read More »
(Reuters) -Abu Dhabi National Oil Co (ADNOC) is exploring a potential acquisition of Wintershall Dea, the European energy business backed by BASF SE, Bloomberg News reported on Thursday. Any deal could value Wintershall Dea at more than 10 billion euros ($11 billion), Bloomberg News reported. UK-listed Harbour Energy Plc is also among suitors that have …
ADNOC exploring acquisition of BASF’s Wintershall Dea unit -Bloomberg News Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Businesses and tech groups on Thursday warned the European Union against over-regulating artificial intelligence systems known as foundation models in upcoming AI rules as this could kill nascent start-ups or drive them out of the region. The plea came as EU countries and EU lawmakers head into the …
Businesses, tech groups warn EU against over-regulating AI foundation models Read More »
