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Bavarian Nordic raises 2022 annual guidance again after monkeypox vaccine deals

30 May 2022

(Reuters) – Danish biotechnology company Bavarian Nordic revised its annual guidance on Monday for a second time after signing supply contracts with several undisclosed countries for its Imvanex monkeypox vaccine. Bavarian Nordic said vaccine deliveries would start immediately and added that it was in discussions with more countries regarding vaccine supply. “We are pleased to …

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Soccer-Abramovich completes Chelsea sale to Boehly-Clearlake consortium

30 May 2022

LONDON (Reuters) – Roman Abramovich has completed the sale of Chelsea and related companies to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday, ending a three-month process to sell the club. The consortium, which won the bid to acquire the London side earlier this month, received …

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Russia eyes gas-for-roubles template for foreign Eurobond payments

30 May 2022

(Reuters) -Russia is considering paying Eurobond holders by applying the mechanism it uses to process payments for its gas in roubles, though investors said the move would not enable Russia to avoid a historic default on debt. The scheme, according to the Kremlin and Russia’s finance minister, would allow Moscow to pay bondholders while bypassing …

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UK online fashion retailer Missguided falls into administration

30 May 2022

LONDON (Reuters) – British women’s online fashion brand Missguided has fallen into administration, a form of protection from creditors, with Teneo Financial Advisory appointed as joint administrators. Teneo said Missguided will continue to trade whilst a buyer of the business is sought. “As we continue to see, the retail trading environment in the UK remains extremely …

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European shares rise as China growth hopes boost luxury, tech stocks

30 May 2022

By Susan Mathew and Shreyashi Sanyal (Reuters) -European shares touched their highest level in almost a month on Monday, with optimism buoyed by China’s easing of COVID-19 restrictions and adding of new stimulus. Authorities in China’s commercial hub of Shanghai will facilitate conditions for businesses to resume work from Wednesday, while city officials announced an …

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FTSE 100 tracks upbeat global mood, Countryside soars after takeover approach

30 May 2022

By Amal S and Sruthi Shankar (Reuters) -Britain’s FTSE 100 edged higher on Monday, as an easing of China’s COVID-19 curbs lifted spirits across global markets, while Countryside soared after its shareholder made a second approach to buy the homebuilder. After rising to its highest level since April 22, the blue-chip FTSE 100 gave away …

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Russian rouble rallies past 62 vs dollar, reversing last week’s heavy losses

30 May 2022

(Reuters) – The rouble firmed sharply in volatile trade on the Moscow Exchange on Monday, reversing some of last week’s heavy losses as it retained support from capital controls and Russia’s strong trade account. The rouble plunged last week as the central bank slashed interest rates, signalling more cuts. The prospect of an easing of …

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