Birkenstock shares fall 13% in first day of trading
Birkenstock shares dropped by more than 10% on the first day of trading Wednesday afternoon after the German sandal…
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ExxonMobil buys shale company Pioneer for $59.5bn
ExxonMobil agreed to purchase Pioneer Natural Resources for $59.5bn, a deal that will unleash a consolidation wave…
European companies halt IPO Plans on Market Conditions
Investors' concerns over market conditions are preventing European companies from listing on local stock markets.…
HSBC is considering entering the business of arranging CLOs
HSBC has been considering entering Europe's $300 Billion collateralized loan obligations market as an arranger.…
Amazon Prime Day Deals Launch With Shoppers in the ‘Driver’s…
Amazon.com Inc. launched its fall sale on Tuesday for Prime members. Price-conscious shoppers opted to buy low-cost…
ONS: UK wages are not an unusually large driver of inflation
According to new research by the Office for National Statistics, rising salaries do not contribute to UK inflation…
Pepsi is’studying closely the impact’ of weight loss injections on…
Walmart, the US-based giant, claimed that users of weight loss drugs were buying less food. Pepsi's and Walkers…
Selfridges reports a £40m loss in spite of sales growth as finance costs weigh
Selfridges, despite an increase in sales and a rise in interest costs on debts, lost nearly £40m in the last year.…
Bank of England doubles liquidity requirements for Money Market Funds
The Bank of England is pushing for money market funds to be able to hold twice as much easily-sellable assets. This…
LVMH’s growth is impacted by lower sales of handbags and spirits
LVMH's sales growth slowed down in the third-quarter as handbag demand moderated, and spirits declined after years…
Binance’s UK Marketing Campaign Stopped by Regulator
Binance has been blocked from marketing itself to British customers by UK regulators as part of the latest…
Finland investigates possible sabotage of Baltic Gas Pipeline
Helsinki is looking into whether sabotage was responsible for a gas leak from a Baltic Sea pipeline and the…
Ireland becomes the latest EU country that raises bank levy
Ireland is the latest European nation to increase taxes on banks, targeting the higher profits that lenders made…
Taiwanese suppliers of semiconductors target Europe’s Next-Generation…
As the construction of Europe's first advanced chip factories in decades changes the supply chain, suppliers to…
BOE’s Catherine Mann calls for an ‘aggressive’ policy to combat…
Catherine Mann, a Bank of England policymaker, has expressed concern that the prolonged period of inflation above…
How Poland wants to rob Germany of its crown as Europe’s industrial…
As the G7 powerhouse is losing steam, its eastern neighbor is growing stronger.
Germany is still…
Oil prices are surging, causing a ‘third wave’ of inflation.
Economists warn that a third wave of inflation could be on the way after oil price spiked in response to…
GSK signs £2.5bn deal with China Zhifei for shingles vaccine
GSK signed a contract with Zhifei - China's biggest vaccine company by revenue - to double the global sales of…