A further data release from Britain’s Office for National Statistics on Thursday showed that the economy returned to growth in November, with gross domestic product rising 0.1% on a monthly basis after two months of economic contraction. Elsewhere in the region, the European Commission will finalize figures on euro area inflation on Friday. Preliminary data…
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters Shares of Danish pharmaceutical giant Novo Nordisk plummeted roughly 20% on Friday after reporting results in a late-stage trial for its experimental CagriSema weight loss drug that missed expectations. The maker of the wildly popular Wegovy obesity…
European markets opened in negative territory Tuesday as central banks take center stage this week. The pan-European Stoxx 600 index opened 0.4% lower with all sectors in negative territory, as well as all major European bourses. A focal point for global markets this week is the U.S. Federal Reserve’s final two-day policy meeting of the…
SSE plans $28 billion investment in U.K. grid infrastructure Electricity pylons hold power cables leading away from the SSE (Scottish and Southern Energy) gas-fired Keadby Power Station near Scunthorpe in northern England on September 6, 2022. Lindsey Parnaby | Afp | Getty Images British energy company SSE said Tuesday that its electricity network subsidiary SSEN…
Airbus shares rise as firm says it delivered 84 planes last month Airbus delivered 84 planes in November, the French firm said Friday, bringing its 2024 deliveries up to 643 so far. The aircraft were delivered to 42 customers, including airlines Emirates and Icelandair. The company also recorded 30 orders for last month. In November…
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared…
Spanish inflation rises for second straight month Spain’s inflation rate hit 2.4% in November, in line with expectations of economists polled by Reuters and up from 1.8% the previous month. It comes after annual inflation in the country hit a three-year low of 1.5% in September. German inflation data is due later Thursday ahead of…
European stocks opened lower Tuesday as investors assess the global implications of U.S. President-elect Donald Trump‘s plans to hike tariffs on China, Mexico and Canada. The regional Stoxx 600 was down 0.61% at 8:10 a.m. London time as all sectors bar telecoms retreated. Autos led losses, down 2.1%. The index had ended in the green for a…
Economists react to disappointing euro zone PMIs: ING’s Bert Colijn: “The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether…
JD Sports shares slump 13% on profit warning A JD sports store seen in London famous Oxford street. Sopa Images | Lightrocket | Getty Images Shares of British sports retailer JD Sports fell 13% in opening trade after it warned that its annual profit would come in at the lower end of its guidance following…