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Europe close: Shares close higher on hopes of ECB rate cut
European closed higher on Wednesday as investors started to bet on interest rate cuts and shrugged off an unexpected slump in German factory orders, while Merck shares tanked after a multiple-sclerosis drug failed in late-stage trials.
Tui mulls listing move to Germany from UK; Sees 25% profit jump
Travel giant Tui said it would ask shareholders to approve a move of its stock market listing to Frankfurt from London as it also forecast a 25% rise in operating profit this year after 2023 earnings more than doubled on the back of strong demand.
FTSE 250 movers: Tui surges on profits outlook; Paragon in favour
FTSE 250: 18,657. 10, +0. 92% .
Europe midday: Gains held on rate cut bets; Merck, Tui in focus
European shares held morning gains on Wednesday as investors started to bet on interest rate cuts and shrugged off an unexpected slump in German factory orders, while Merck shares tanked after a multiple-sclerosis drug failed in late-stage trials.
Europe open: Shares up on rate cut bets; Merck tanks on MS trial failure
European shares made a strong start on Wednesday as investors started to bet on interest rate cuts and shrugged off an unexpected slump in German factory orders, while Merck shares tanked after a multiple-sclerosis drug failed in late-stage trials.
Marshalls appoints Matthew Pullen as CEO
Building and landscape materials supplier Marshalls on Wednesday said it had appointed former Genuit Group chief operating officer Matthew Pullen as chief executive-designate, to succeed Martyn Coffey.
Woodside signs 20-year LNG deal with Mexico Pacific
Australian miner Woodside Energy has signed a deal with energy company Mexico Pacific to buy 1. 3 million tonnes of liquefied natural gas (LNG) a year for two decades.
Rio Tinto sees Guinea mine production starting 2025
Anglo Australian mining giant Rio Tinto said it expected to start production from the Simandou iron ore joint venture in Guinea in 2025.