Friday newspaper round-up: Deutsche Bank, Labour, BG Group
German banking group Deutsche Bank is facing a fine of over $1.5bn for allegedly rigging Libor, the Financial Times said. This would be the largest fine imposed for far on a bank accused of manipulating the rate.
BG Group
n/a
n/a
Deutsche Bank AG
€16.06
17:30 15/11/24
DJ EURO STOXX 50
4,794.85
00:00 16/11/24
Dow Jones I.A.
43,444.99
04:30 15/10/20
FTSE 100
8,060.61
15:45 15/11/24
FTSE 350
4,453.56
15:45 15/11/24
FTSE All-Share
4,411.85
15:45 15/11/24
General Electric Co.
$176.93
10:57 15/11/24
Oil & Gas Producers
8,043.72
15:45 15/11/24
Xetra DAX
19,210.81
17:00 15/11/24
"The strongest, if still tentative, sign that the Conservatives’ narrow and negative campaign is misfiring emerged on Thursday when three polls showed Labour moving ahead and, for the first time, one poll found that Ed Miliband had more positive personal approval ratings than David Cameron," The Guardian said.
Shell's takeover of BG Group "signals the death knell" for the latter's Arctic drilling ambitions, according to analysts and fund managers, The Times reports.
The Debt Management Office has said that foreign investors sold a net £14bn of gilts over January and February, representing a record pace "on concerns over electoral gridlock and the long-term stability of sterling", The Telegraph reports.
Chestertons, one of the UK's oldest estate agents, has been accused of overstating profits before its planned flotation last year, writes The Times.
The European Central Bank has hiked its cap on emerging funding for Greek banks by €1.2bn, according to The Telegraph.
General Electric is close to offloading the bulk of its $30bn real estate portfolio and is in talks with Blackstone and Wells Fargo, reports The Wall Street Journal.
Theatrical production giant Cirque du Soleil is said to be in advanced talks with two private equity consortia about offloading a majority stake, according to The Telegraph.
In its semiannual currency report, the US treasury has "chastised" Europe and Japan for their overrealiance on monetary policy to boost growth, according to The Wall Street Journal.