By Sruthi Shankar and Shashwat Chauhan (Reuters) – Britain’s FTSE 100 index rose for the third straight session on Thursday after breaching its record-high level again, buoyed by a slate of upbeat earnings and merger talks tied to Standard Chartered. The blue-chip FTSE 100 ended 0.3% higher after hitting a record high of 7,949.57 in …
UK’s FTSE 100 hits another record high; Standard Chartered tops index Read More »
By Paul Sandle LONDON (Reuters) – Britain’s telecoms regulator said on Thursday it was concerned that inflation-linked hikes in broadband and mobile bills were causing uncertainty for customers, as it launched a review of in-contract price rises. Many consumers are facing prices rises of above 14% in the coming months under the terms of contracts …
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By Lawrence White LONDON (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, could renew a potential offer for Britain’s Standard Chartered, once lock-up rules from its previous aborted bid expire, Bloomberg News reported on Thursday. StanChart shares rose as much as 9% on the news report. A StanChart spokesperson declined …
First Abu Dhabi Bank could renew $35 billion offer for StanChart -Bloomberg News Read More »
(Reuters) – Shares of Entain plc tumbled up to 13% on Thursday after the U.S-based MGM Resorts International said it had “moved on” from pursuing an offer for the British gambling firm. MGM Chief Executive William Hornbuckle said in a post-earnings call on Wednesday that although it remained focused on online sportsbook BetMGM – a …
Entain’s shares tumble as MGM scraps buyout plan Read More »
BERLIN (Reuters) -Bayer shares rose as much as 5% in early Thursday trading to an eight month high, adding to gains from the day before when the German drugs to pesticides group named former Roche executive Bill Anderson as its next CEO. The stock jumped 6% late Wednesday, after the appointment was announced about 15 …
Bayer hits 8-month high as investors welcome CEO change Read More »
ZURICH (Reuters) – Siemens shareholders have called on the engineering company to simplify its structure by selling its stake in Siemens Energy and clarifying its position on Siemens Healthineers. The trains-to-industrial-software group holds 35% of Siemens Energy and 75% of Siemens Healthineers, which manufacturers medical equipment, causing Siemens AG to be valued less highly than …
Siemens investors push for simpler group structure to unlock value Read More »
LONDON (Reuters) – The cost of insuring exposure to Credit Suisse debt rose on Thursday after the Swiss lender reported its worst annual loss since the 2008 global financial crisis after rattled clients fled in droves. Five-year credit default swaps (CDS) rose 4 basis points (bps) from Wednesday’s close to 295 bps, data from S&P …
Credit Suisse credit default swaps rise after big annual loss Read More »
By Victoria Klesty and Gwladys Fouche OSLO (Reuters) – Norway’s $1.35 trillion wealth fund said on Thursday it would step up its engagement with companies over the management of climate risk by voting against board members who it deems are not doing enough on the issue. Investing the state’s revenues from oil and gas production …
Norway wealth fund to vote against board members who fall short on climate Read More »
By Natalie Grover and Maggie Fick LONDON (Reuters) -AstraZeneca on Thursday forecast growth in earnings and revenue in 2023 as the British drugmaker seeks to offset the loss of COVID-19 medicines with its roster of cancer, metabolic and rare disease drugs. The London-listed company said it expects revenue including from its COVID-19 business to increase …
AstraZeneca forecasts earnings, revenue growth in 2023 Read More »
(Reuters) – Crypto miner Argo Blockchain said on Thursday founder Peter Wall would step down from his position as chief executive officer and interim chairman to “pursue other opportunities”. Chief Operating Officer Seif El-Bakly has been appointed as interim CEO, effective immediately, while Matthew Shaw will take over as the board chairman. The struggling crypto …
UK’s Argo Blockchain CEO Peter Wall to step down Read More »
