(Reuters) -Luxembourg-based investment vehicle Reinet Investments said on Friday it was in talks for the potential disposal of its nearly 50% interest in UK insurer Pension Insurance Corporation (PIC). The firm did not provide details on the talks or who they were being held with. Sky News reported last week that European savings and retirement …
Reinet Investments in talks to sell stake in UK insurer PIC Read More »
(Reuters) -The main UK stock indexes climbed on Friday, with midcaps closing at an over three-year high, driven by global optimism over earnings, trade policies and easy monetary policy. The internationally focussed FTSE 100 rose 0.7%, while the domestically oriented FTSE 250 jumped 1.1% to close at its highest level since February 2022. Markets have …
UK stocks join global rally on optimism over trade, interest rate path Read More »
By Lewis Krauskopf NEW YORK (Reuters) – Investors who have been captivated by recent geopolitical events are poised to shift their attention in the coming week to key economic data and policy developments to see if the torrid rally in U.S. stocks extends higher. The benchmark S&P 500 and Nasdaq Composite both tallied record highs …
Investors eye US jobs data as stocks hit record highs Read More »
BERLIN (Reuters) -German luxury sports car maker Porsche is weighing a sale of its consulting and IT services business MHP, a person familiar with the matter said. The process is at an early stage, the source said. Porsche said it was regularly evaluating potential optimisations for its investments, declining to comment further. Shares in the …
Porsche considers sale of IT unit MHP, source says Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union’s plan to cooperate with Pacific Rim countries would aim to overcome some of the difficulties of the World Trade Organization, but would not seek to replace it, EU officials said on Friday. The WTO is struggling for relevance as geopolitical tensions rise and the United States …
EU’s Pacific alliance would not replace WTO, EU officials say Read More »
By Klaus Lauer BERLIN (Reuters) -European broadcaster RTL Group said on Friday it would buy Sky Deutschland, in a deal that combines Sky’s sports and streaming offerings with RTL’s news and entertainment brands to create a business with 11.5 million paying subscribers. Shares in RTL surged 12% following announcement of the deal, rising to the …
RTL buys Sky Deutschland in deal to take on US streaming giants Read More »
By Yoruk Bahceli LONDON (Reuters) -Higher defence spending will weaken European governments’ credit profiles unless they are able to cut spending elsewhere or increase their revenues, ratings agency Scope said on Friday. NATO allies agreed on Wednesday to raise their collective spending goal to 5% of output over the next decade, citing the long-term threat …
MOSCOW (Reuters) -Russian President Vladimir Putin said on Friday the OPEC+ group of leading oil producers including Russia projects rising global demand especially in the summer months, in comments suggesting the bloc may continue with large output hikes. The Organization of the Petroleum Exporting Countries and its allies, led by Russia, shocked oil markets in …
Putin: OPEC+ projects rising oil demand, especially in summer Read More »
(Reuters) -Wood Group said on Friday Britain’s financial watchdog had begun an investigation into the oilfield services provider, following the company’s announcement last year of an independent accounting review related to some contracts and charges. Wood Group said the Financial Conduct Authority (FCA) was looking into its operations between January 1, 2023, and November 7, …
UK’s Wood Group discloses investigation by financial regulator Read More »
(Reuters) -UBS Global Wealth Management raised its year-end target for the S&P 500 index to 6,200 from its prior forecast of 6,000, banking on softening trade tensions and expectations of resilient quarterly earnings. UBS’s current target implies about a 1% upside to the benchmark index’s last close of 6,141.02. Major brokerages Citigroup and Barclays also …
UBS raises S&P 500 index’s annual target on fading trade tensions Read More »
