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Monte dei Paschi’s M&A challenge looms as share sale starts
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Analysis-UK crisis forces ‘off kilter’ businesses to halt investment
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UK North Sea firm Ithaca Energy plans London listing
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Roche sales decline more than expected as COVID products slide
German investor morale less pessimistic than expected – ZEW
Date: October 18, 2022
BERLIN (Reuters) – German investor sentiment was less pessimistic than expected in October, even as the view of the current economic situation left little room for optimism following a tumble in confidence the month before. The ZEW economic research institute said on Tuesday its economic sentiment index grew slightly in October, to -59.2, from -61.9...
UK gilt yields rise as BoE pooh-poohs report of delay to bond sales
Date: October 18, 2022
LONDON (Reuters) – British government bond yields rose after the Bank of England said it had not decided to delay the start of its “quantitative tightening” sales of gilts again, labelling a Financial Times report that said such a move was likely as inaccurate. The 10-year gilt yield shot up by as much as 9...
Ryanair boss blames Brexit for UK economic ‘car crash’
Date: October 18, 2022
By Alvise Armellini ROME (Reuters) -Ryanair boss Michael O’Leary on Tuesday described the economic situation in Britain as a “car crash” caused by the country’s vote to leave the European Union in 2016. “The mini budget was a kind of spectacular failure of the whole concept of Brexit,” he said at a news conference in...
Shell advances to next round of bidding for Danish biogas maker Nature Energy -sources
Date: October 18, 2022
By Ron Bousso and Isla Binnie LONDON (Reuters) – Shell is among a number of companies joining a second bidding round to acquire Danish biogas producer Nature Energy, three sources familiar with the matter said, as energy firms race to boost low-carbon businesses. The sale is due to close by the end of this year...
Bond vigilantes mean business, governments better beware
Date: October 18, 2022
(This Oct. 17 story has been refiled to add a dropped word in paragraph 2.) By Marc Jones and Yoruk Bahceli LONDON (Reuters) – The sight of Britain’s new finance minister shredding up his leader’s economic policies on Monday illustrated something very clearly – bond market vigilantes are back, they are bold and governments had...
Russian soft drinks maker to cut back investments, hiring over new sugar tax
Date: October 18, 2022
MOSCOW (Reuters) – Chernogolovka, a Russian soft drinks producer hoping to seize market share as Western competitors leave, said a proposed new sugary drinks tax had forced it to scale back investments next year and freeze hiring for 1,000 new jobs. A parliamentary committee last week gave preliminary approval to budget proposals that would see...