LONDON (Reuters) – Iliad SA made an offer for Vodafone’s Italian unit last week, Bloomberg reported on Monday, citing people with knowledge of the matter. Reuters reported last month that France’s Iliad, led by billionaire founder Xavier Niel, and Vodafone were in talks to combine their respective businesses in Italy in a bid to end …
Iliad makes offer for Vodafone’s Italian unit, Bloomberg says Read More »
FRANKFURT (Reuters) -There is no need for big monetary policy tightening in the euro zone as inflation is set to fall back and could stabilize around 2%, European Central Bank President Christine Lagarde said on Monday. Pointing to mounting inflation risks, the ECB opened the door last week to an interest rate hike later in …
No need for big ECB tightening as inflation to hold at target, Lagarde says Read More »
By Shariq Khan and Rod Nickel (Reuters) – Spanish oil major Repsol SA is considering putting some of its Canadian assets for sale later this year as it looks to reap the benefits of higher oil and gas prices, four sources told Reuters on Monday. Repsol is seeking buyers for its holdings in the Duvernay …
Exclusive-Spanish oil major Repsol looking to sell parts of its Canadian assets -sources Read More »
By Anisha Sircar and Ambar Warrick (Reuters) -European shares rose on Monday after five straight weeks of declines as gains in mining stocks and positive earnings outweighed worries of a looming policy tightening cycle and geopolitical tensions. The pan-European STOXX 600 rose 0.7% after sinking more than 5% this year, following sharp declines in tech …
European stocks stage cautious rebound on miners, positive earnings Read More »
(Reuters) – Britain’s National Grid ESO has for the first time awarded a contract to an offshore wind farm to help keep voltage levels in the power network stable, it said on Monday. The transmission assets of the Dogger Bank C offshore wind farm will provide 200 megavolt amperes of reactive power (MVAr), which is …
UK in a first awards offshore wind power a contract to help stabilise grid Read More »
MILAN (Reuters) – Italy reported 41,247 COVID-19 related cases on Monday, against 77,029 the day before, the health ministry said, while the number of deaths rose to 326 from 229. Italy has registered 149,097 deaths linked to COVID-19 since its outbreak emerged in February 2020, the second-highest toll in Europe after Britain and the ninth …
Italy reports 41,247 coronavirus cases on Monday, 326 deaths Read More »
By Joice Alves LONDON (Reuters) -Sterling steadied against the euro on Monday after a sharp slide last week triggered by the European Central Bank’s more hawkish tone, which overshadowed the Bank of England’s rate rise. The euro rose versus sterling last week after the ECB surprised markets by suggesting for the first time that an …
By James Davey LONDON (Reuters) – Asda will put its lowest price food ranges in all its stores, it said on Monday, after poverty campaigner Jack Monroe criticised British supermarkets for cutting back their budget ranges. With UK consumer price inflation forecast to peak at around 7.25% in April, and interest rates and taxes also …
After campaigner hits out, UK’s Asda puts value ranges in all stores Read More »
(Reuters) – Bumble Inc said on Monday it has bought France’s Fruitz in its first acquisition, as the dating app company tries to strengthen its foothold in Europe, where it plays catch-up with Tinder owner Match Group. The financial terms of the deal were not disclosed. Launched in 2017, Fruitz is a freemium dating app …
Dating app owner Bumble buys France’s Fruitz in first acquisition Read More »
PARIS (Reuters) -A new publicly funded multi-billion euro fund is being created to boost investment in Europe’s tech sector, to allow it to compete with U.S. and Asian rivals, France’s finance minister said on Monday. Bruno Le Maire said home-grown European tech start-ups needed far higher levels of financing if Europe is to reduce its …
Europe to launch multi-billion euro tech fund – France Read More »
