MILAN (Reuters) – Saipem does not have any information explaining Monday’s share movements, a spokesman for the Italian energy contractor said, after the stock closed down 5.7%. More than 10% of the share capital of the group was traded on the Milan stock exchange, according to Refinitiv data. The stock hit a low of 1.3750 …
Saipem shares drop, group says cannot explain why Read More »
BRUSSELS (Reuters) – Spain, Germany, France, Italy and Belgium and the European Investment Bank launched on Monday a 3.75 billion euro ($4.02 billion) fund to finance the growth of promising European tech companies and boost the EU’s attractiveness as an innovation hub. The fund is aimed at addressing one of the common problems of successful …
Five EU countries, EIB launch fund to help promising tech companies grow Read More »
By Giuseppe Fonte and Valentina Za ROME/MILAN (Reuters) – Italy’s Monte dei Paschi di Siena (MPS) won’t be constrained by an Italian government salary cap when Rome decides on a new chief executive later this year, sources said, despite reports that executive pay controls will reduce the appeal of the post. Banker Luigi Lovaglio is …
Italy’s MPS won’t be constrained by banker pay cap, sources say Read More »
By Shashwat Chauhan and Shristi Achar A (Reuters) -Britain’s FTSE 100 edged higher on Monday, supported by gains in defence stocks, while investors awaited U.S. inflation data due later in the week that could offer clues on the future monetary tightening path. The blue-chip FTSE 100 rose 0.8% to 7,947.60, hitting its record closing high, …
FTSE 100 climbs on boost from defence stocks, U.S. CPI data awaited Read More »
By Shreyashi Sanyal (Reuters) – European shares rose on Monday as defence stocks jumped on news of India aiming to triple its defence exports, while a fall in real estate stocks on disappointing quarterly results from Sweden’s Castellum countered gains. The pan-European STOXX 600 rose 0.3%, with shares of Swedish defence equipment maker SAAB jumping …
PARIS (Reuters) – Shares in scandal-hit French care homes group Orpea surged on Monday after the company posted a nearly 8% rise in fourth-quarter revenue and spelled out the details of a planned capital increase. Orpea said revenue growth remained solid with an increase of 7.7% of which 5.7% was organic, adding that its cash …
LONDON (Reuters) – Bank of England interest rate-setter Jonathan Haskel said the BoE should be “really, really careful” about the risk of high inflation becoming embedded and he would watch data closely in the coming months given the high levels of uncertainty. “What I would prefer to do is make policy with much more attention …
Be ‘really, really careful’ on inflation – Bank of England’s Haskel Read More »
BRUSSELS (Reuters) – Euro zone economic growth is likely to be stronger than previously expected this year while inflation will lower than in forecasts towards the end of 2022, the European Commission said on Monday. The EU executive arm said economic growth in the 20 countries using the euro was likely to be 0.9% this …
EU executive raises euro zone 2023 growth forecast, sees lower inflation Read More »
BERLIN (Reuters) – The German economy will grow slightly this year, the European Commission said Monday, revising upwards its previous forecast for a 0.6% contraction. In its winter forecasts, the European Commision envisages 0.2% GDP growth for Europe’s biggest economy in 2023, more than it expected in autumn due to the easing of energy prices …
German economy expected to grow modestly in 2023 – European Commission Read More »
(Reuters) -Shares of Britain’s Kape jumped 12.5% on Monday after its top shareholder Teddy Sagi said he would make a sweetened cash offer to buy the digital security and privacy software business, valuing the whole company at about $1.51 billion. Sagi, the founder of gambling software firm Playtech, owns 54.8% of Kape’s stock and intends …
Digital security firm Kape gets $1.5 billion buyout offer from top shareholder Read More »
