UniCredit lifts Commerzbank exposure to 28%
Italian bank escalates effort to take over German lender
Italian bank escalates effort to take over German lender
European governments selling down crisis-era bank stakes, taking advantage of strong sector valuations amid heightened interest rates
German government has no plans to sell remaining stake in Commerzbank
However, State sold shares accumulated during 2008-2010 banking crisis to bidder in auction
Italian bank announced on Wednesday it had bought a 9% in its German counterpart
Purchasing managers’ poll hits 5-month low on weak growth in services and steep falls in manufacturing
Inflation figures ease investors’ interest rate fears
US President Joe Biden looked set to continue talks with congressional leaders on raising the country’s debt limit later this week
Irish bank shares slump in line with European lenders
Chancellor announces plan to offset the impact of a new gas levy that starts in October
Technology stocks sensitive to interest rates lose their bounce as Fed chief talks tough
The likes of Allianz Global Investors and UBS Group who purchased green bonds from Russian Railways and social debt from Sovcombank were blindsided by the invasion
Deutsche Bank slumps after stake sale
G7 nations call Moscow’s bluff in stand-off over natural gas deliveries
Russia’s invasion of Ukraine had dragged stocks to 11-month low
Travel and banking shares among the fallers as European markets decline
Bank stocks slump in Dublin following similar moves across other European markets
Investors expect Bank of England to raise rates next week
Upbeat earning from HelloFresh, Delivery Hero boost the mood
FTSE 100 rallies as Bank of England leaves interest rates unchanged
Traders wait to see if BoE will be first major central bank to raise rates since Covid hit
Tesco up 4% after raising outlook; launching £500m share buyback programme
Ryanair, Dalata, Flutter and Glanbia among the gainers in Dublin on Friday
European tech stocks approaching dotcom bubble-era highs
Results a setback for CEO charged with resurrecting fortunes of German lender
Optimism comes despite concerns about glbal spread of Delta variant
‘Three-child policy’ intended to ‘maintain China’s natural advantage in human resources’
If a longer term appeals, there are a number of things to consider before taking the plunge
Diageo and Commerzbank among the gainers, as tech stocks trade in the red
Irish unit posted €42m net profit last year, 72% ahead of of internal forecasts
Euro zone stock index trades at 2007 highs
Banks out of sorts at home and in Europe, while payments firms gain in US markets
Heike Pauls had briefed managers at payment group about hedge fund’s criticism
Euro zone business activity slows sharply, felt most by largest economies
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