Category: Europe

A worker attends to machinery at a smelter plant at Anglo American Platinum’s Unki mine in Shurugwi – Philimon Bulawayo /REUTERS Speciality chemicals group Croda jumped to its highest price in almost two weeks, nearing the top of the benchmark’s leaderboard, after it announced a strategic review of two business units. The assessment of its […]

Benzinga Lyft, GM Earnings Impress, Lifting Shares Ahead Of Uber’s Report Slated For Later If you wanted more evidence of reopening progress, Lyft’s (NASDAQ: LYFT) earnings arguably provided it yesterday. The ride-sharing company saw shares post big pre-market gains after reporting a narrower than expected loss, above consensus revenue and solid guidance for the rest […]

Bloomberg ‘Worse Than Brexit’: Scottish Independence Weighs on U.K. Assets (Bloomberg) — A week that could set in motion the eventual collapse of the 314-year union between England and Scotland is concentrating City trading desks on market disasters ahead.As Scots enter a May 6 vote pitched on whether there should be a second independence referendum, […]

Bloomberg Apollo’s $ 5 Billion Bet on Yahoo Aims to Go Beyond Advertising (Bloomberg) — Apollo Global Management Inc.’s $ 5 billion deal for Verizon Communications Inc.’s media unit will create a new entity dubbed Yahoo, and while the name is losing its exclamation point, the new owners are enthusiastic about the business’s opportunities.Along with […]

Bloomberg The Ghost of ‘Volmageddon’ Is Back to Haunt New Volatility Funds (Bloomberg) — Forget a Bitcoin ETF. For many Wall Street stock traders the most eagerly awaited exchange-traded funds are just as speculative — and even more controversial.Known as short-volatility products, a fresh twist in a legal battle is bringing these strategies riding calm […]

Bloomberg NXP Sells $ 2 Billion of Debt to Fund Power-Saving Semiconductors (Bloomberg) — NXP Semiconductors NV sold $ 2 billion of bonds to help finance the development of semiconductors that reduce energy consumption in products like power adapters and electric vehicles.The chipmaker issued bonds in two parts, according to a person with knowledge of […]

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Copper rally lifts miners * STOXX 600 earnings to jump 83.1% in Q1 * EZ service sector activity expands in April-PMI (Adds comment, updates prices) May 5 (Reuters) – European stocks bounced back […]

Wednesday, 5th May 2021 Spanish Services PMI (Apr) Italian Services PMI (Apr) French Services PMI (Apr) Final German Services PMI (Apr) Final Eurozone Markit Composite PMI (Apr) Final Eurozone Services PMI (Apr) Final Thursday, 6th May 2021 German Factory Orders (MoM) (Mar) IHS Markit Construction PMI (Apr) Eurozone Retail Sales (MoM) (Mar) Friday, 7th May […]

London’s FTSE 100 plunged below 7,000 after starting the bank holiday week on a strong note, following the sharp fall in US markets. The blue chip FTSE 100 fell from the day’s high of 7,034 down to 6,923, with a loss of 46 points. The domestically focused FTSE 250 also fell, dipping 167 points to […]

Bloomberg Six Reasons Asia’s Oil Refiners Aren’t Going Away Anytime Soon (Bloomberg) — Predictions of peak oil and the impending demise of fossil fuels will hit Asian oil refiners especially hard. The region is home to three of the top four oil-guzzling nations, and more than a third of global crude processing capacity. Yet, Asian […]

By Peter Nurse Investing.com – European stock markets traded largely higher Tuesday, helped by optimism that the region is finally turning the corner as its economies reopen. At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.4% lower, while the CAC 40 in France rose 0.1% and the U.K.’s FTSE 100 climbed 0.6%, […]

Bloomberg Greed, Bankers and Politics Star in Danish Negative-Rate Debacle (Bloomberg) — The country with the longest history of negative interest rates just hit a milestone that may offer a glimpse of what’s to come elsewhere.In Denmark, commercial banks have had to absorb negative rates since they were first introduced by the central bank in […]

Benzinga Forget Bitcoin: Here are The Crypto Assets To Follow Bitcoin — all the rage since first crossing the $ 1,000 price mark in 2017 — is the least exciting crypto asset on the market. Like many “firsts,” Bitcoin enjoys widespread brand recognition, but that recognition doesn’t accurately reflect its value as an asset, particularly […]

(Bloomberg) — European stocks tumbled on Tuesday, with the tech sector suffering its biggest drop since late October, mirroring a selloff on the Nasdaq. Losses accelerated after U.S. Treasury Secretary Janet Yellen warned that rates may have to rise to prevent the economy from overheating. The Stoxx Europe 600 Index closed down 1.4%, with almost […]

The New York Times How the ATF, Key to Biden’s Gun Plan, Became an NRA ‘Whipping Boy’ MARTINSBURG, W.Va. — If there was one moment that summed up the current state of the Bureau of Alcohol, Tobacco, Firearms and Explosives, it was when the floor at the agency’s gun-tracing center caved in a couple of […]

Axios Meredith sells local TV business to Gray for $ 2.7 billion Meredith Corp. has agreed to sell its local media group for $ 2.7 billion in cash to Gray Television, opting to focus on its portfolio of national brands like People, Better Homes & Gardens, and Allrecipes. Why it matters: Moving forward, Meredith will […]

Bloomberg Secretive Billionaire Kenneth Dart Makes $ 6.7 Billion Bet on Tobacco Stocks (Bloomberg) — It took decades for sustainable investing to become mainstream, but now every week one giant investor after another announces their commitment to ESG.Kenneth Dart will not be joining that club.The billionaire is heir to a plastic cup fortune. More than […]

Bloomberg Secretive Billionaire Kenneth Dart Makes $ 6.7 Billion Bet on Tobacco Stocks (Bloomberg) — It took decades for sustainable investing to become mainstream, but now every week one giant investor after another announces their commitment to ESG.Kenneth Dart will not be joining that club.The billionaire is heir to a plastic cup fortune. More than […]

UK prime minister Boris Johnson has confirmed that Britain is still on track to ease all restrictions by 21 June, including the COVID-19 social distancing rule. Photo: Lindsey Parnaby/WPA Pool/Getty European stock markets opened higher on Tuesday as most major economies continue the slow grind towards normality. The FTSE 100 (^FTSE) rose 0.76% after opening […]