Category: Uncategorized
BoE’s Haskel wants more evidence that inflation risks are waning
Reuters Reuters exclusively reported that Bank of England policymaker Jonathan Haskel, who voted to raise interest rates on February 1, is encouraged by signs that Britain’s inflation pressures might be on the wane but would need more evidence of a cool-down before changing his stance. The post BoE’s Haskel wants more evidence that inflation risks…
Read MoreGerman landlord TAG warns home prices could fall 30% from peak
Reuters Reuters exclusively reported that German home prices could fall as much as 30% below their 2022 peak, according to one of the country’s largest landlords, in a more pessimistic assessment than rivals highlighting the continued threat posed to Europe’s biggest economy. The post German landlord TAG warns home prices could fall 30% from peak…
Read MoreGerman landlord TAG warns home prices could fall 30% from peak
Reuters Reuters exclusively reported that one of Germany’s largest landlords TAG Immobilien is bracing for a crash in home prices of up to 30%, a far steeper fall than expected by peers, news that was followed widely in the German media and grabbed the attention of analysts and investors, sending the company’s stock, and that…
Read MoreNovartis in the lead to acquire cancer drug developer MorphoSys
Reuters Reuters exclusively reported that drug maker Novartis AG (NOVN.S) is in advanced talks to acquire MorphoSys AG (MORG.DE), a developer of cancer treatments that has a market value of 1.6 billion euros ($1.7 billion). The post Novartis in the lead to acquire cancer drug developer MorphoSys appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/novartis-in-the-lead-to-acquire-cancer-drug-developer-morphosys/
Read MoreTwo key UBS investors worry about bank’s size, regulatory friction
Reuters Reuters exclusively reported that UBS is forging ahead with its integration of Credit Suisse but two key investors fear the Swiss bank could be on a collision course with regulators because of its size. The post Two key UBS investors worry about bank’s size, regulatory friction appeared first on Reuters News Agency. https://www.reutersagency.com/en/reutersbest/article/two-key-ubs-investors-worry-about-banks-size-regulatory-friction/
Read MoreRussia struggles to sell Pacific oil, 14 tankers stuck
Reuters Reuters exclusively reported that more than a dozen tankers loaded with 10 million barrels of Russia’s Sokol grade crude oil have been stranded off the coast of South Korea for weeks, so far unsold due to U.S. sanctions and payment issues, according to two traders and shipping data. The post Russia struggles to sell…
Read MoreUS Fund KPS explored takeover offer for UK Elementis
Reuters Reuters exclusively reported that KPS Capital Partners recently explored a bid for UK specialty chemicals maker Elementis (ELM.L), but has since paused its work. The New York-based private equity firm in December submitted an offer valuing the FTSE 250 company at about 160p per share, but the Elementis board wanted around 180p. The post…
Read MoreLloyds to cut around 1,600 branch jobs in digital switch
Reuters Reuters exclusively reported that Britain’s biggest domestic bank Lloyds was cutting around 1,600 roles across its branch network, part of a renewed push by lenders to axe costs as tough economic conditions and pressure on margins prompt them to tighten their belts. It is the latest in a string of deep cuts made by…
Read MoreIn Russia, anti-war candidate tries to harness protest vote against Putin
Reuters Reuters exclusively reported that Boris Nadezhdin, a 60-year-old former opposition lawmaker, is running a long-shot campaign to challenge Vladimir Putin for the Russian presidency. Nadezhdin says his call to end Russia’s war in Ukraine has put rocket boosters under his bid. The post In Russia, anti-war candidate tries to harness protest vote against Putin …
Read MoreOrange and MasMovil’s Spanish deal set for EU antitrust nod
Reuters Reuters exclusively reported that French telecoms group Orange (ORAN.PA), opens new tab and Spanish rival MasMovil are set to gain conditional EU antitrust approval for their Spanish tie-up. The story was picked up by Bloomberg, Seeking Alpha, MarketScreener, Telecompaper, Mobile Europe, ET Telecom, Street Insider and numerous telecoms and financial services publications. The post…
Read More