By Tanvi Mehta, Amal S and Anisha Sircar (Reuters) -London’s FTSE 100 ended the week in positive territory after two weeks’ of losses despite edging lower on Friday as banks retreated a day after the Bank of England raised interest rates to curb soaring inflation. The FTSE 100 index closed 0.2% lower, reversing earlier gains …
Energy stocks support FTSE 100’s first weekly gain in three; financials dip Read More »
By Anisha Sircar and Ambar Warrick (Reuters) -European shares fell on Friday, with automobile stocks hitting a one-month low on the prospect of tougher emissions tests, while a hawkish shift from the European Central Bank continued to rattle markets. The pan-European STOXX 600 closed 1.4% lower, extending losses after a near 2% drop in the …
European stocks slide as automakers fear tougher emission standards Read More »
By Gwladys Fouche PARIS (Reuters) – French drugmaker Sanofi said it still expected its COVID-19 vaccine to complete phase 3 trial in the first quarter and reported a rise in fourth-quarter sales and earnings on Friday. The group, which is hoping for a comeback after losing ground in the COVID-19 jab race, also said it …
France’s Sanofi still sees COVID-19 phase 3 trial completed in Q1 Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Carlsberg plans to raise beer prices to offset rising raw material costs, potentially hitting beer sales this year, the Danish brewer said on Friday. The world’s third-largest brewer reported better than forecast fourth-quarter sales on Friday but said it expects organic growth in operating profit this year to fall short …
Carlsberg warns that higher beer prices could hit sales Read More »
By Sujata Rao LONDON (Reuters) – The pound slipped to a six-week low on Friday against the euro, which was buoyed by the ECB’s acknowledgement that an interest rise this year was not out of bounds after all, a call that overshadowed the Bank of England’s 25 basis-point rate rise. The pound also snapped a …
Sterling hits 6-week low vs euro on ECB hawkish surprise Read More »
HELSINKI (Reuters) – It would be logical for the European Central Bank to hike its key interest rate at the latest by next year, ECB policymaker and Finnish central bank chief Olli Rehn was quoted as saying on Friday. “If there are no setbacks in the pandemic or the geopolitical situation, it would logical for …
ECB to hike rates next year at latest, Rehn tells paper Read More »
FRANKFURT/DUESSELDORF (Reuters) – German utility EnBW is considering spending 1.5 billion euros ($1.7 billion) on a planned expansion of gas-fired power plants in its home country, which the current government has said is needed to help in the transition towards renewables. Current plans envisage the installation of 1.5 gigawatts (GW) of additional gas-fired power plant …
German utility EnBW weighs $1.7 billion gas plant expansion push Read More »
BAKU (Reuters) – The European Union is seeking more natural gas from Azerbaijan, an EU official said on Friday, as Europe grapples with high energy bills and tight deliveries from Russia, its main supplier of fuel, which has been at loggerheads with the West over Ukraine. However, Azerbaijan’s ability to produce and export more fuel …
EU eyes more Azeri gas amid high bills and tight Russian supplies Read More »
FRANKFURT (Reuters) -European Central Bank policymaker Francois Villeroy de Galhau pushed back against market bets on an upcoming interest rate hike on Friday, saying one “shouldn’t rush to conclusions” about the timing of an ECB move. Investors have brought forward their expectations for the first ECB rate increase in over a decade to July after …
BRUSSELS (Reuters) – EU antitrust regulators have temporarily paused their investigation into U.S. life sciences company Illumina bid for $8 billion cash-and-stock takeover of Grail while waiting for the companies to provide details. This is the second time that the European Commission has halted its scrutiny. The previous deadline for its decision was March 25, …
EU antitrust regulators halt Illumina, Grail probe again, await data Read More »
