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Oil prices dip on U.S. crude reserve release, inflation pressure
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Cryptoverse: Punk apes and a resurrection of NFTs
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Marketmind: Don’t break my heart
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IKEA stores owner Ingka says campaigns help boost store visits and sales
Liberty Global takes 5% ‘opportunistic’ stake in Vodafone
Date: February 14, 2023
By Muvija M and Tiyashi Datta LONDON (Reuters) -U.S.-listed Liberty Global disclosed a near-5% stake in British telecom group Vodafone on Monday, saying its larger rival’s shares were undervalued by the market but ruling out a takeover. Liberty Global Chief Executive Mike Fries called the stake in Vodafone, whose shares have heavily lagged London’s blue-chip...
Delivery Hero ramps up interest payments to raise 1 billion euro convertible bond
Date: February 14, 2023
By Pablo Mayo Cerqueiro (Reuters) – Germany’s Delivery Hero is offering investors significantly higher interest payments than it has done historically to raise 1 billion euros ($1.07 billion) through a new seven-year convertible bond announced on Monday. The company is proposing a coupon as high as 4% – payable semiannually – to secure the funds,...
Saipem shares drop, group says cannot explain why
Date: February 14, 2023
MILAN (Reuters) – Saipem does not have any information explaining Monday’s share movements, a spokesman for the Italian energy contractor said, after the stock closed down 5.7%. More than 10% of the share capital of the group was traded on the Milan stock exchange, according to Refinitiv data. The stock hit a low of 1.3750...
Love in a time of inflation: how much will Valentine’s Day set you back?
Date: February 13, 2023
By Richa Naidu LONDON (Reuters) -This Valentine’s Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants. COVID-era supply chain logjams and Russia’s invasion of Ukraine have meant that Britons paid a record 16.7% more for food...
Europe’s spend on energy crisis nears 800 billion euros
Date: February 13, 2023
By Kate Abnett BRUSSELS (Reuters) – European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging countries to be more targeted in their spending to tackle the energy crisis. European Union countries have now earmarked or allocated 681 billion euros in...
Sterling edges lower ahead of key data
Date: February 13, 2023
(Reuters) – Sterling edged lower on Monday at the start of a data-heavy week in which investors will scan inflation prints from the UK and the U.S. to make bets on the pace of further interest rate hikes. UK inflation likely eased further in January to 10.2% from 10.5% in December, having seemingly peaked at...