By Khushi Singh and Bansari Mayur Kamdar (Reuters) -London’s FTSE 100 closed higher on Friday supported by energy and financial stocks, but logged a sharp weekly loss as soaring government bond yields on expectations of higher interest rates roiled global equity markets. The main FTSE 100 index rose 0.6% by 1600 GMT, while the mid-cap …
UK FTSE 100 holds gains after US payrolls data but posts weekly loss Read More »
(Reuters) -UK pub group J D Wetherspoon reported a return to annual profit on Friday, although slower sales growth in recent weeks dented its share price after a rally this year. The pub group, sometimes referred to as “Spoons”, said it was seeing strong demand for its lower-than-average priced drinks and foods. Like-for-like sales rose …
UK’s J D Wetherspoon’s sales growth eases slightly after return to profit Read More »
KYIV (Reuters) – Foreign traders have increased the volume of natural gas in Ukrainian underground storage to 2.2 billion cubic meters (bcm) as of Oct. 6 from 1.8 bcm in mid-September, the CEO of the country’s biggest oil and gas company Naftogaz said on Friday. “Over the past day alone, we have received 14 applications …
Foreign traders boost gas reserves in Ukrainian storage – Naftogaz Read More »
PARIS (Reuters) – Renault will work with fellow carmaker Volvo and shipping group CMA CGM on an electric van project that Renault has been developing to boost its position in the booming electric vehicle market. Renault and Volvo signed binding agreements to launch a new company where they will initially each hold a 50% equity …
Renault brings in Volvo, CMA CGM for electric van project Read More »
By Toby Sterling and Piotr Lipinski AMSTERDAM (Reuters) -The U.S. Food and Drug Administration (FDA) said it is still not satisfied with how Dutch healthcare technology company Philips has handled a major product recall and the company should conduct additional risk testing. Its shares fell 9.6% to 16.81 euros at 0726 GMT on Friday. It …
US FDA still not satisfied with Philips recall; stock falls over 9% Read More »
BERLIN (Reuters) -Germany’s government expects the economy to shrink by 0.4% this year in its draft autumn projections, a source with knowledge of the projections told Reuters on Friday. The economy is then expected to grow 1.3% next year and 1.5% in 2025, according to the source. The government had predicted economic growth of 0.4% …
German govt expects economy to shrink 0.4% in 2023 – source Read More »
(Reuters) -British drugmaker GSK on Friday said it raised 885.6 million pounds ($1.08 billion) from a discounted stake sale in Haleon, cutting its shareholding to 7.4% in the world’s largest standalone consumer healthcare firm. GSK had earlier said that the Haleon spin-off and subsequent stake sales will allow the company to sharpen its focus on …
LONDON (Reuters) -Shares in Aviva shot up almost 9% on Friday, after Britain’s Times newspaper cited talk of a possible takeover of one of the UK’s largest insurers by a foreign buyer. Aviva declined to comment when contacted by Reuters. By 0752 GMT, shares in the company were up 8.5% at 421 pence, heading for …
Aviva shares jump 8% as Times cites takeover talk Read More »
MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo said on Friday it had decided to invest in US billionaire Elon Musk’s space company SpaceX. Intesa Sanpaolo recognizes “the aerospace sector as having a particularly important role in the development of world economies and has therefore decided to invest in a player that has demonstrated a …
Italy’s Intesa Sanpaolo says it will invest in SpaceX Read More »
By Toby Sterling THE HAGUE (Reuters) – The Netherlands and the U.N. on Thursday launched a project to help prepare Europe’s national agencies to supervise artificial intelligence (AI). The project, undertaken with support of the European Commission, comes ahead of the passage of the AI Act, the broad legislation that is expected to govern AI …
UNESCO, Dutch launch project to prepare for AI supervision Read More »
