Market Pulse - Europe
Merck shares plunge on failure of cancer drug trial
Shares of German chemical and pharmaceutical firm Merck were falling sharply on Tuesday, after it announced that a trial for its head and neck cancer drug xevinapant had been halted due to a lack of efficacy.
Europe open: Aerospace stocks drop as Airbus cuts forecasts
European stocks were mostly lower on Tuesday with heavy falls in Frankfurt and Paris outweighing a more subdued performance elsewhere with heavyweights Airbus and Merck leading the decline.
Shein makes moves towards London IPO - reports
Chinese online fast fashion behemoth Shein has taken a step towards a potential public listing, it emerged on Monday, with reports that it confidentially filed documents with Britain's markets regulator in early June.
London Tunnels switches listing plan to Euronext Amsterdam
London Tunnels announced plans to raise £30m through an initial public offering (IPO) on Euronext Amsterdam on Monday, shifting its listing plans from the London Stock Exchange.
Getir shareholders reportedly approve company's split
Shareholders of Turkish rapid grocery delivery giant Getir have endorsed a major restructuring plan that would see it split into two separate entities and receive a significant capital infusion from the Abu Dhabi state investment fund Mubadala, it emerged on Monday.
Carrefour shares plunge on reports of fine over franchise management
Shares of French supermarket giant Carrefour fell sharply on Tuesday, following reports from French media indicating that the economic and finance ministry had recommended a substantial fine against the company for its franchise network management.
Services prices push euro area CPI higher in May
The cost of living in the single currency bloc rose a tad last month as the cost of services picked up.
UBS to book $900m provision over Greensill supply financing funds
Swiss banking giant UBS announced on Monday that it expected to book a provision of about $900m related to Credit Suisse's funds, tied to the collapsed supply chain financing firm Greensill Capital.
ECB's De Guindos says direction of rates 'clear', but cautious in near-term
Luis de Guindos at the European Central Bank expressed confidence that interest rates were headed lower still, but perhaps more slowly than anticipated.
EU to slap tariff of up to 38pc on Chinese EVs
The European Union (EU) is set to impose tariffs of up to 38% on Chinese electric vehicles (EVs), it was reported on Wednesday, initiating duties exceeding €2bn annually and risking a trade conflict with China.
OPEC keeps global oil demand forecasts unchanged
The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.
Senior Hamas official says UN ceasefire proposal has been accepted
A senior official from Palestinian terrorist group Hamas reportedly said the organisation had accepted the ceasefire resolution that had been approved the night before by the UN Security Council.
Atos shares slide as it agrees to dilutive restructure
Shares in French IT giant Atos were sliding on Tuesday morning, after it announced that its board had decided to proceed with a restructuring plan that would seriously dilute the equity of existing shareholders.
British Airways to add 350 new workers to Heathrow workforce, upgrade IT systems
British Airways will raise staffing levels at London's Heathrow Airport by 5% in an effort to minimise any potential disruptions over the peak summer travel season.
German unemployment rises more than expected in May
The number of Germans lining up for unemployment benefits rose more than expected in May, according to the Federal Labour Office, growing by 25,000 in seasonally adjusted terms, ahead of estimates for a rise of 10,000.