Market Pulse - Europe
Draghi calls on political parties to recommit to unity government, Italian debt advances
Italy's Prime Minister called on all political parties to recommit to the ruling unity coalition, arguing that that was what Italians want.
French government offers EUR 10bn for EDF renationalisation
The French government has offered almost €10bn to fully take over EDF, it was reported on Tuesday, offering minority shareholders a 53% premium to the 5 July closing price.
EU new car registrations record worst June in 26 years
Passenger car registrations continued their downward trend in the European Union in June, according to fresh data on Friday, as supply chain issues continue to limit vehicle output.
Europe close: Markets weaker on economic, political jitters
Stocks on the continent ended in the red on Thursday, as political troubles continued to percolate in Italy, and following modest losses overnight in US stock markets.
Deutsche Telekom offloads 51pc of GD Towers business
Deutsche Telekom announced the sale of a 51% stake in GD Towers, which holds its Germany and Austria tower assets, for an enterprise value of €17. 5bn (£14. 81bn) on Thursday.
Europe open: Stocks dip with government bond yields again in focus on both sides of the Pond
Stocks on the Continent were slipping lower in early trading following the small losses seen overnight on Wall Street after the release of consumer price data showing that inflation rose at its fastest clip since late 1981 in June.
BofA stays at 'buy' on Anglo Pacific Group as pivot towards 'future facing commodities' continues
Analysts at BofA Securities reiterated their 'buy' rating for shares of Anglo Pacific Group, telling clients that its recent acquisition of four royalties from South32 reflected its pivot away from coal towards electrification metals.
Prime Minister not planning to extend windfall tax to electricity generators
Electricity generators will be spared from the government's tax net, a spokesman for the Prime Minister said.
Dufry and Autogrill to combine under Benneton family control
Swiss duty-free giant Dufry and Italian travel caterer Autogrill announced plans to combine on Monday, creating a travel retail giant worth £11. 6bn in pro forma revenue.
Sunday newspaper round-up: Capita, EasyJet, ZeroAvia
The man brought in to turn around outsourcer Capita's fortunes sounded a far more chipper note in an interview. Since late 2017, the company has sold off large chunks of the business, while trying to position itself as a technology outfit in areas such as artificial intelligence and running chatbots for firms such as O2. Staff levels have been slashed from 73,000 to 52,000 and debt brought down to a level that is easier to manage. But the key change has been in the firm's corporate culture, according to Lewis.
ECB's Holzmann argues for 125bp of ECB hikes by September
The head of Austria's central bank argued in favour of a faster pace of monetary policy tightening should the outlook for inflation not improve.
Chinese producer price inflation eases in June, but CPI gains accelerate
Factory gate inflation in the People's Republic of China cooled last month, but continued accelerating at the consumer level.
Uniper calls for bailout from German government
German energy giant Uniper has called for a government bailout amid an ongoing natural gas crisis stemming from the war in Ukraine.
Too soon to position aggressively for interest rate cuts, BofA says
Strategists at BofA Securities highlighted the recent "big rotation" into technology issues, those of the biotechnology sector in particular.
Berenberg downgrades Rio Tinto to 'sell', expects downside surprise in 1H results
Analysts at Berenberg downgraded their rating on shares of Rio Tinto from 'hold' to 'sell', telling clients that they believed there was more downside in the shares.
Shell moves to derecognise Sakhalin-2 LNG volumes
Shell guided towards lower second quarter liquid natural gas liquefaction volumes after Russia moved to take over the Sakhalin-2 gas and oil project in the country's Far East.
Director dealings: Supermarket Income REIT chairman picks up some shares
The chairman of Supermarket Income REIT picked up some shares in the grocery property-focused real estate investment trust following a sharp decline in the share price on 28 June.
BofA reiterates 'buy' for Informa, says valuation 'adequately' pricing in risks
Analysts at Bank of America reiterated their 'buy' rating and 740. 0p target price for shares of British publishing and business intelligence outfit Informa.
Euro area retail sales miss forecasts in May
Retail sales volumes in the single-currency bloc undershot economists' forecasts in May.
Fears of Europe energy shock could weigh on euro
The European single currency may remain weak in the near-term due to concerns about soaring energy prices in Europe.