NatWest shares plunge after warning on rising costs
NatWest’s shares fell as much as 9% on Friday after the British bank warned of rising costs, and as its third-quarter results were hit by a deteriorating UK economic outlook that prompted an increase in bad debt provisions.
Ubisoft shares tumble as Tencent deal seen dampening buyout prospects
Shares in Ubisoft Entertainment (UBIP.PA) tumbled on Wednesday after it announced a deal that sees China’s Tencent Holdings (0700.HK) raise its stake in the company, a move which analysts say dampens the prospect of a full sale of the French game maker.
Russian rouble weakens as market takes stock of rate cut
The Russian rouble weakened in jittery Moscow trade on Monday, adjusting to the central bank’s decision to slash interest rates on Friday, and as a rouble-supportive tax-payment period reaches its peak.
EXCLUSIVE Germany to overhaul laws to allow energy bailouts – sources
Germany’s government will have the power to take stakes in utilities and impose emergency levies on consumers under proposed legal changes now under discussion, three sources told Reuters, as Berlin moves to beef up energy security.
Italy’s De Nora delivers on IPO, but prices at bottom of range
Industrie De Nora (IPO-DENR.MI) will become the first company to debut on Italy’s main market since Russia’s invasion of Ukraine derailed new listings, though it priced its share sale at the bottom of an indicative range.
Analysis: Private equity’s swoop on listed European firms runs into rising execution risks
European listed companies have not been this cheap for more than a decade, yet for private equity firms looking to put their cash piles to work, costlier financing and stronger resistance from businesses are complicating dealmaking.
Exclusive: UniCredit widens search for buyers to sell out of Russia
Italian bank UniCredit (CRDI.MI) has widened its search for a buyer for its Russian business beyond local investors, as it steps up efforts to leave the country, two people with knowledge of the matter said.
Analysis: Europe split on how to spare consumers energy price pain
Proposals from southern European countries to intervene in energy markets have highlighted the difficulty facing an EU summit this week as it seeks to respond to record prices driven by Russia’s invasion of Ukraine.
Unilever faces fresh pressure over margins as it backs down on M&A
Unilever (ULVR.L) warned of a big hit to profit margins this year as it struggles to pass on higher costs to consumers, and ruled out major acquisitions after investor criticism of its failed pursuit of GlaxoSmithKline’s consumer health business.
EXCLUSIVE Vodafone and Iliad in talks to combine Italian units – sources
Telecom firms Vodafone (VOD.L) and Iliad are in talks to strike a deal in Italy that would combine their respective businesses in a bid to end cut-throat competition in the euro zone’s third-biggest economy, sources familiar with the matter told Reuters.
