Market Pulse - Europe
EC revises objections against Apple payment policies
The European Commission raised revised objections with consumer technology giant Apple on Tuesday, over concerns around its App Store rules for music streaming providers.
Bayer reports strong growth, warns of lower 2023 earnings
Bayer reported strong growth across the board in its 2022 results on Tuesday, with group sales increasing 8. 7% to €50. 74bn after adjusting for currency and portfolio effects, although it sounded a warning on earnings for 2023.
Credit Suisse 'seriously breached' supervisory obligations in Greensill dealings
Investment banking giant Credit Suisse was said to have "seriously breached its supervisory obligations" in its dealings with financier Lex Greensill and his companies.
Belluscura oxygen concentrator launched on GoodRx platform
Belluscura announced on Friday that its ‘X-PLOR’ portable oxygen concentrator (POC) was now available in the US through GoodRx, making it the first medical device in its field marketed through the digital healthcare platform.
Europe close: Stocks end on mixed note ahead of Fed minutes
European stocks drifted lower amid rising geopolitical tensions and after a sell off on Wall Street overnight over rate rise fears hit investor sentiment.
BofA's Hartnett believes Fed's job 'very much unaccomplished'
BofA's investment strategies believed that the Federal Reserve's job was "very much unaccomplished".
EDF's UK wing returns to profit
French energy outfit EDF's UK division returned to profit in 2022 as it offloaded its electricity at a higher premium throughout the year.
Europe close: Stocks gain despite 'hot' US inflation data
European stocks were higher as France's CAC 40 and Britain’s FTSE 100 notched up fresh record highs.
Liberum sees 'selective value' in UK REITs, upgrades Hammerson
Analysts at Liberum sounded a bullish note on the outlook for the the UK Real Estate Investment Trust space, telling clients that share prices now reflected the expected declines in direct property values.
Heineken FY operating profits rise as beer sales grow
Drinks maker Heineken posted better than expected full-year profits on Wednesday as beer drinkers turned to the amber nectar at pre-Covid levels.
Lufthansa cancels flights amid IT issues
German carrier Lufthansa Group has left thousands of passengers battling with delays and flight cancellations on Wednesday following a breakdown in its IT system.
London close: FTSE 100 continues grind higher towards 8,000 points
London stocks were mixed on Thursday but the top-flight index continued to grind higher as investors sifted through corporate news, with Standard Chartered surging ahead on deal speculation.
London close: Stocks edge higher
London stocks were up again on Wednesday, having hit a fresh all-time high at one point, as investors welcomed less hawkish than feared comments from US Federal Reserve chair Jerome Powell overnight.
London close: Stocks end mixed ahead of key speech from Fed's Powell
London stocks ended Tuesday on a mixed note, although BP shares surged following the release of its latest set of results, even as investors eyed a speech by US Federal Reserve chair Jerome Powell scheduled for after the close.
Europe close: Stocks end mixed ahead of speech by Fed's Powell
European shares traded mixed on Tuesday, as investors kept a weary eye on a policy speech by US Federal Reserve chairman Jerome Powell scheduled for later in the day.
London close: Stocks fall as investors recalibrate rate hike expectations
London stocks were knocked lower on Monday by the prospect of further rates hikes from the Federal Reserve and as Sino-US tensions dented sentiment.
Europe close: Stocks slip as investors mull outlook for interest rates
European shares were mostly lower at the start of the week after the previous Friday's US payrolls data sparked worries about a longer timetable for interest rate rises, while tensions between Washington and Beijing were heightened after a Chinese surveillance balloon was shot down in American airspace.
London close: FTSE 100 notches up new record high
London's top-flight index carved out a new all-time high after it was reported that the US labor market created far more jobs at the start of 2023 than anyone had dared imagine.
London close: Stocks jump as investors eye interest rate peak
London stocks jumped on Thursday, while sterling fell further after the Bank of England hiked rates for the tenth month in a row.