By Siddarth S, Rupali Chaudhary and Khushi Singh (Reuters) -UK’s FTSE 100 fell on Friday in a broad-based selloff after data showing the British economy registered unexpected growth in the second quarter, raising speculation of more interest rate hikes from the Bank of England (BoE). The export-oriented FTSE 100 shed 1.2%, coming off its highest …
London stocks hit as surprise GDP growth fans BoE rate hike fears Read More »
(Reuters) -Hong Kong-listed L’Occitane International SA confirmed on Friday that its controlling shareholder is contemplating a potential deal to take the skincare company private, but said no definitive agreement has gone through in this regard. The Luxembourg- and Geneva-headquartered firm, however, said the speculated price contained in the media reports of about HK$35 for each …
L’Occitane confirms owner contemplating possible deal to take it private Read More »
COPENHAGEN (Reuters) – Swedish steelmaker SSAB will furlough workers at two plants in Finland due to weak demand in the construction sector, the company said in a statement on Friday. Negotiations with labour unions covered about 800 employees at SSAB’s plants in Hameenlinna and Kankaanpaa in southern Finland, it added. The exact number of employees …
LONDON (Reuters) -The pound broke three straight days of losses on Friday after data showed the British economy grew more than expected in June, which boosted sterling slightly against the dollar and the euro. British economic output grew by 0.5% in June, figures from the Office for National Statistics showed on Friday, above expectations in …
Sterling breaks three-day losing streak after UK GDP beats forecasts Read More »
MILAN (Reuters) -The Italian government could end up with a stake of as much as 20% in Telecom Italia’s landline grid after signing a preliminary agreement with U.S. fund KKR, which is lining up a bid for the asset. KKR is in exclusive discussions with debt-laden Telecom Italia (TIM) over the acquisition of Netco, a …
Italy signs preliminary deal with KKR to take up to 20% of TIM’s grid Read More »
LONDON (Reuters) – GCP Infrastructure Investments said on Friday it had struck a deal to acquire the assets of GCP Asset Backed Income Fund (GABI) and was in talks with RM Infrastructure Income about a potential combination. The proposals aim to boost liquidity in the company’s shares and expand GCP Infra’s investment strategy, it said. …
GCP Infrastructure seeks tie-ups with rival listed funds Read More »
FRANKFURT (Reuters) – Siemens Energy has fixed quality issues at onshore wind turbines it is currently selling to customers, the CEO of the group’s wind division Siemens Gamesa said on Friday, adding the group had made progress with its turnaround. The comments by Jochen Eickholt come after Siemens Energy this week unveiled 2.2 billion euros …
Siemens Gamesa has fix for onshore wind turbine problem Read More »
By Noele Illien ZURICH (Reuters) -UBS won’t need the government guarantee it secured to rescue failing rival Credit Suisse and has repaid billions of Swiss francs in emergency loans, freeing it of taxpayer-backed funding, Switzerland’s biggest bank said on Friday. The Swiss government provided 9 billion francs ($10.3 billion) of loss protection guarantees to UBS …
UBS ends state guarantee granted over Credit Suisse rescue Read More »
(Reuters) -Spanish national consumer prices rose 2.3% in the 12 months through July, final data from the National Statistics Institute (INE) showed on Friday. The final reading confirmed both the flash estimate released by INE two weeks ago and the average estimate by analysts polled by Reuters. The year-on-year increase was mainly due to the …
Spain 12-month inflation at 2.3% in July, up from 1.9% in June Read More »
By Andy Bruce and David Milliken LONDON (Reuters) -Britain’s economy eked out unexpected growth in the second quarter, laying the ground for more interest rate hikes from the Bank of England, but it remained the only big advanced economy yet to regain its pre-COVID, late-2019 level. Official data on Friday showed the economy grew 0.2% …
UK economy’s surprise strength puts more BoE rate hikes on table Read More »
