By Andrew Mills and Marwa Rashad DOHA/LONDON (Reuters) -Qatar held crisis talks this week with energy majors after Israeli strikes on Iran’s huge gas field, which it shares with Qatar, an industry source and a diplomat in the region told Reuters. Saad Al Kaabi, CEO of state-owned QatarEnergy and the Gulf Arab state’s energy minister …
ROME (Reuters) -Italy’s contested tax on sugary drinks will be postponed again and will not come into force before early 2026, the co-ruling League party said on Friday. The levy was originally due to be applied at the start of 2020, but a backlash from producers persuaded successive Italian administrations to repeatedly postpone its implementation. …
Italy delays again contested tax on sweetened drinks to 2026 Read More »
(Reuters) -Athora Holding is in talks to buy Pension Insurance Corporation in a deal that could value the UK-based specialist insurer at up to 5 billion pounds ($6.75 billion), Sky News reported on Friday. Pricing, structure and other details about the potential deal remain unclear, the report said. Apollo Global Management-backed Athora is a European savings …
Apollo Global-backed Athora in talks to buy UK insurer PIC, Sky News says Read More »
MILAN (Reuters) -Italy’s financial markets watchdog Consob said on Friday a lack of regulatory alignment with the European Central Bank is creating friction in the oversight of a recent wave of Italian banking deals. The country’s banking sector has in the last year seen a raft of bids and offers, including UniCredit’s all-share offer for …
Italy’s market watchdog calls for ECB coordination as banking deals boom Read More »
By Anna Peverieri and Mathieu Rosemain PARIS (Reuters) -Eutelsat’s shares soared on Friday after France said it would inject $1.55 billion into the debt-laden company, giving a boost to Europe’s biggest hope for a satellite champion to rival Starlink. French President Emmanuel Macron on Friday urged countries and companies as a matter of European sovereignty …
Eutelsat shares climb as French investment stirs hopes for European satellite champion Read More »
By David Milliken LONDON (Reuters) -British retail sales volumes recorded their sharpest drop since December 2023 last month, as demand fell after shoppers splurged on food, summer clothes and home improvements the month before, official figures showed on Friday. Retail sales volumes dropped by 2.7% in May, the Office for National Statistics said, a much …
UK retail sales record biggest monthly drop since 2023 Read More »
BRUSSELS (Reuters) – European Union finance ministers gave formal support on Friday for Bulgaria to adopt the euro currency, paving the way for the country to become the 21st member of the euro zone from January 1, 2026. The backing of the ministers follows positive assessments of the country’s readiness from the European Commission and …
EU ministers back Bulgaria’s euro adoption from 2026 Read More »
-Britain’s Mulberry Group said on Friday it intends to raise 20 million pounds ($26.98 million) of capital to help fund its growth strategy, as the embattled luxury firm expects to log further losses in fiscal 2025. Mulberry, following in the steps of larger rival Burberry, is refocusing on its ‘British heritage’ to resonate with domestic consumers, …
UK’s Mulberry to raise $27 million as losses deepen in 2025 Read More »
By Andres Gonzalez and Joanna Plucinska LONDON (Reuters) -Turkish Airlines is exploring making a bid for a minority stake in Air Europa, the latest carrier to express interest in the Spanish airline, according to two sources with knowledge of the deal, with binding bids due in the coming weeks. Interested investors have been asked to …
Exclusive-Turkish Airlines explores Air Europa stake as bid deadline looms Read More »
(Reuters) -BofA Global Research on Friday raised its year-end target for the STOXX 600 index to 530 from 500 on resilience in global growth following a U.S.-China trade truce. European equities remain close to all-time highs despite the global trade war and escalating tensions in the Israel-Iran conflict, the Wall Street brokerage said. “The main …
BofA lifts STOXX 600 annual target to 530 points Read More »
