By Paul Sandle LONDON (Reuters) -It has taken months of tortuous negotiations for Vodafone and CK Hutchison to agree a deal to create Britain’s biggest mobile operator, but from a regulatory standpoint the hard work is only just beginning. The $19 billion tie-up will be scrutinised by Britain’s Competition and Markets Authority, the antitrust regulator…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares slipped on Thursday after the European Central Bank (ECB) raised borrowing costs as expected and signalled more policy tightening in its fight against sticky inflation. The continent-wide STOXX 600 index closed 0.1% lower after falling as much as 0.8% earlier in the day. The ECB…
By Elizabeth Piper and William James LONDON (Reuters) -Boris Johnson deliberately misled the British parliament in an unprecedented way over rule-breaking parties at his office during COVID-19 lockdowns, a committee said on Thursday in a damning verdict that further tarnished the former prime minister Almost a year ago, Johnson was talking about remaining prime minister…
(Reuters) – Unilever said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry’s, Magnum, and Talenti. The consumer goods giant said its acquisition of Boulder, Colorado-based Yasso falls in line with its strategy to upscale the ice…
By Mayela Armas, Corina Pons and Rodrigo Campos CARACAS/MADRID/NEW YORK (Reuters) – Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds, on the expectation of debt renegotiations or of legal action tied to a looming expiry of repayment rights, investors and four financial sector sources said. Many…
(Reuters) – Odey Asset Management (OAM) is fighting for survival after a media report alleging sexual misconduct by its founder Crispin Odey, one of Britain’s best-known hedge fund managers, prompted its banks and investors sever ties with the firm. OAM said in a letter dated Thursday, and seen by Reuters, that it is in “advanced…
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. A day after the Federal Reserve took markets by surprise with a hawkish message, it’s the European Central Bank’s turn in the hot seat. Short-dated government bond yields in the United States and Europe are heading back up and bullish stock…
By Lucy Raitano LONDON (Reuters) – Investors are turning their attention back to European small and mid-cap stocks as low valuations spark long-term interest even as the immediate economic outlook remains gloomy. Europe’s smaller companies have seen relative valuations sink as concerns about an economic slowdown have favoured defensives over cyclicals, while banking turmoil stoked…
By Nell Mackenzie, Farouq Suleiman and Kirstin Ridley LONDON (Reuters) -Odey Asset Management is in advanced talks to move funds and staff to other asset managers as it grapples with the fallout of sexual misconduct allegations against its founder Crispin Odey. The Financial Times and Tortoise Media reported that 13 women had alleged that Odey…
LONDON (Reuters) – The smallest proportion of businesses since at least March last year expect to raise prices next month, a survey of businesses showed on Thursday. The Office for National Statistics showed 17.0% of companies that are currently trading expected to raise prices in the coming month, down from 17.7% in the previous month….
