Category: Europe

Bloomberg U.K.’s Giant Battery Factory Developer Looks for a SPAC Deal (Bloomberg) — Britishvolt Ltd., the developer of the first giant battery factory in the U.K., is considering going public.The company has appointed Guggenheim Securities LLC and Barclays Plc as advisers to look into options including listing in the U.S. through a merger with a […]

Bloomberg Bailout Terms Delay Debt Deal for Defaulted South African Bank (Bloomberg) — South Africa’s largest lender to farmers has delayed a debt restructuring deal with creditors because of conditions attached to a government bailout, forcing it to repay what it owes to Standard Chartered Plc.Land & Agricultural Development Bank said on Wednesday that a […]

(There will be no European stock market report on Friday and Monday on account of Easter holidays. Reuters will resume coverage on Tuesday, April 6) * STOXX 600 trades 2 points below all-time high * Chipmakers rally after Micron results * French stocks lag after new lockdown (Adds comment, updates prices) By Sruthi Shankar April […]

The usually low-profile Denise Coates was appointed CBE for services to the community and business in 2012 The boss of the gambling firm Bet365 has been awarded one of the biggest pay packets in UK corporate history. The highest paid director of Bet365 Group – believed to be founder and majority shareholder Denise Coates CBE […]

Globe Newswire THE SOLUTIONS 30 SUPERVISORY BOARD ANNOUNCES THE FINDINGS OF THE INDEPENDENT INVESTIGATION WHICH CONFIRM THE UNFOUNDED AND ERRONEOUS NATURE OF THE ACCUSATIONS AGAINST THE COMPANY Mandated by the Solutions 30 Supervisory Board to shed light on all the allegations made against the Company, Deloitte, with the support of Didier Kling Expertise & Conseil […]

Bloomberg How Masayoshi Son’s ‘Money Guy’ Lex Greensill Went From Hero to Zero (Bloomberg) — In February 2020, SoftBank Group Corp.’s Masayoshi Son visited Indonesia, offering to invest billions of dollars toward the development of a new capital city. Lex Greensill, at the time a favorite of Son’s, was part of the entourage.SoftBank had invested […]

Bloomberg Warren Urges Increased Banking Oversight After Archegos Blowup (Bloomberg) — Senator Elizabeth Warren is calling for more transparency and oversight in the financial system after the forced selloff of holdings linked to Bill Hwang’s private investment firm.The unwinding of Hwang’s Archegos Capital Management after banks forced it to sell billions of dollars in investments […]

Bloomberg Turkish Lira Pares Drop as Central Bank Chief Vows Tight Stance (Bloomberg) — The lira pared its seventh day of declines as Turkey’s new central bank governor Sahap Kavcioglu gave currency traders what they wanted to hear, delivering a promise of tight monetary policy.Local markets are still reeling from Turkish President Recep Tayyip Erdogan’s […]

(Adds comments, updates prices throughout) By Sruthi Shankar and Shreyashi Sanyal March 31 (Reuters) – European stocks were flat on Wednesday as a 30% slump for delivery company Deliveroo in its London debut took the shine off the fourth straight quarterly rise for the benchmark STOXX 600. The pan-European STOXX 600 index inched down 0.1% […]

Rolls-Royce Rolls-Royce boss Warren East’s pay packet more than halved in 2020 as the pandemic prompted the company to tear up traditional bonus plans. The company’s share price has been hammered by Covid, following years of underperformance as a run of troubles hit its jet engines. A new incentive scheme has less focus on the […]

Bloomberg Block Trade Mess Revives Fierce Debate on ‘Leverage Gone Wrong’ (Bloomberg) — What might be the largest margin call in history is ringing fresh alarm bells on Wall Street among those worried about hidden leverage and its potential to fry the financial system.The forced selling of more than $ 20 billion of apparently swap-linked […]

Bloomberg Block Trade Mess Revives Fierce Debate on ‘Leverage Gone Wrong’ (Bloomberg) — What might be the largest margin call in history is ringing fresh alarm bells on Wall Street among those worried about hidden leverage and its potential to fry the financial system.The forced selling of more than $ 20 billion of apparently swap-linked […]

Globe Newswire BridgeBio Pharma’s Affiliate QED Therapeutics and Helsinn Group Announce Strategic Collaboration to Co-Develop and Commercialize Infigratinib in Oncology BridgeBio Pharma’s Affiliate QED Therapeutics and Helsinn Group Announce Strategic Collaboration to Co-Develop and Commercialize Infigratinib in Oncology BridgeBio, through its Affiliate QED (“BridgeBio”), and Helsinn to co-commercialize infigratinib for oncology and all other indications […]

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * STOXX set to end Q1 with 8% rise * Deliveroo IPO disappoints, peers drop * Credit Suisse extends drop for third day (Adds comment, updates prices) By Sruthi Shankar March 31 (Reuters) – […]

Wednesday, 31st March French Consumer Spending (MoM) (Feb) French CPI (MoM) (Mar) Prelim German Unemployment Change (Mar) German Unemployment Rate (Mar) Eurozone CPI (YoY) (Mar) Prelim Thursday, 1st April German Retail Sales (MoM) (Feb) Spanish Manufacturing PMI (Mar) Italian Manufacturing PMI (Mar) French Manufacturing PMI (Mar) Final German Manufacturing PMI (Mar) Final Eurozone Manufacturing PMI […]

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Credit Suisse continues slide * German DAX races to all-time high * STOXX 600 less than 1% away from record peak (Adds comments, updates prices throughout) By Sruthi Shankar and Shreyashi Sanyal March […]

* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn * Graphic: World FX rates http://tmsnrt.rs/2egbfVh By Ritvik Carvalho LONDON, March 30 (Reuters) – Global stock markets rose on Tuesday as investors shook off worries about a hedge fund default that hit international banking stocks overnight and remained focused on the global COVID-19 vaccination programme. European stocks opened higher […]

Royal Mail vans. Photo: PA Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad: Royal Mail declared divi Shares in Royal Mail (RMG.L) rallied on Tuesday as the posite announced a bumper payout for investors. Royal Mail said it intended to pay a dividend […]

(Adds close of U.S. markets) * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn * Graphic: World FX rates http://tmsnrt.rs/2egbfVh By Herbert Lash NEW YORK, March 30 (Reuters) – The dollar rose and a gauge of global equity markets slipped on Tuesday as rising U.S. Treasury yields dampened the appeal of big U.S. tech stocks and led investors […]

* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn * Graphic: World FX rates http://tmsnrt.rs/2egbfVh By Herbert Lash NEW YORK, March 30 (Reuters) – The dollar rose and a gauge of global equity markets slipped on Tuesday as rising U.S. Treasury yields dampened the appeal of the U.S. tech sector and led investors on both sides of the […]