By William Schomberg LONDON (Reuters) -Bank of England Governor Andrew Bailey defended the central bank’s programme of government bond purchases and sales which has come under fire from some politicians for its cost. In a letter to Richard Tice, deputy leader of the Reform UK party which is led by former Brexit campaigner Nigel Farage, …
Bank of England’s Bailey defends bond programme after Reform UK criticism Read More »
BRUSSELS (Reuters) -Formula One owner Liberty Media received unconditional clearance from EU regulators for its roughly 4 billion euros ($4.60 billion) acquisition of Dorna Sports, which owns MotoGP, the European Commission said on Monday. Liberty Media had argued the transaction would allow it to grow the reach and appeal of MotoGP. The commission said the …
Liberty Media receives nod from EU regulators for MotoGP deal Read More »
By Maggie Fick and Stine Jacobsen LONDON/COPENHAGEN (Reuters) -Shares in Novo Nordisk fell as much as 3.5% on Monday after detailed trial data on its experimental obesity drug CagriSema fuelled investor concerns about its competitiveness against rival Eli Lilly’s pipeline. Novo on Sunday said full results from two late-stage trials of CagriSema – one in …
Novo Nordisk shares fall as obesity pipeline faces investor scrutiny Read More »
(Reuters) -Precision instruments maker Spectris agreed on Monday to a 4.4 billion pound ($5.9 billion) debt-inclusive takeover deal by private equity firm Advent over a rival proposal from KKR, marking the biggest acquisition in Britain this year. Britain has in recent years drawn overseas buyers due to its relatively cheap valuations, and this latest deal could …
Spectris snubs KKR for $5.9 billion Advent buyout Read More »
(Reuters) -Spain’s trade deficit widened 48.8% in the first four months of 2025 from the same period a year earlier to 18.98 billion euros ($21.76 billion), the Economy ministry said on Monday. Imports over the period rose 5.1% to 147.37 billion euros, while exports rose 0.8% to 128.38 billion euros, the ministry said. ($1 = …
Spain’s trade deficit widens almost 49% in Jan-April from same period a year ago Read More »
By Andy Bruce LONDON (Reuters) -British business activity expanded modestly in June as new orders grew for the first time this year but employers cut jobs more quickly and worried about the conflict in the Middle East, a survey showed on Monday. The S&P Global UK Composite Purchasing Managers’ Index (PMI), a gauge of the …
Sluggish UK business activity improves, PMI shows, but threats to outlook abound Read More »
LONDON (Reuters) -The pound fell against the dollar on Monday with the greenback benefiting from safe-haven demand as investors assessed the risk of an Iranian response to U.S. attacks on its nuclear sites. By 1054 GMT the pound was down 0.5% versus the dollar at $1.33795, its lowest level since May 20. British Prime Minister …
Sterling at five-week low against dollar as markets mull Middle East risk Read More »
By Emilio Parodi MILAN (Reuters) -Italy has frozen Russian oligarchs’ assets valued at around 2.3 billion euros ($2.64 billion) since the invasion of Ukraine in 2022, data provided by Italian authorities show, with the most recent seizures occurring at the beginning of the month. Italy seized assets – including bank accounts, luxury villas, yachts and …
Italy has frozen Russian oligarchs’ assets worth over $2.6 billion Read More »
By Nqobile Dludla, Leo Marchandon and Mateusz Rabiega (Reuters) -Dutch technology investor Prosus reported on Monday a 47% jump in full-year core earnings to $7.4 billion, exceeding its financial targets, driven by its expansion into food delivery and e-commerce. Owned by South Africa’s Naspers, Prosus is transforming from an investment group to a technology company …
Prosus bets on tech investment, beats target with core earnings up 47% Read More »
(Reuters) -The German economy is set to contract more than previously expected in 2025 as U.S. tariffs weigh on exports, the BDI industry association said on Monday, forecasting a 0.3% contraction in 2025. In January BDI had forecast a 0.1% contraction, but flagged that changes to U.S. tariff policy might impact the export-driven economy further. …
German industrial lobby group cuts 2025 economic forecast as US tariffs weigh Read More »
