European stocks rose sharply on Friday, as investors appeared to brush off concerns over the economic impact of the deadly virus that has shut down large swaths of China and alarmed governments around the world.
Takeaway.com and Just Eat have delayed plans to list their combined company on the London Stock Exchange by one week after UK competition authorities launched a last-minute investigation into their £6bn merger.
JPMorgan Chase chief executive Jamie Dimon was paid $31.5m for 2019, up 1.6 per cent on his pay a year earlier, putting him on course to be Wall Street’s best paid bank boss for the fifth year in a row.
The S&P 500 rebounded to close modestly higher after the World Health Organization said it was “too early” to declare the spread of coronavirus a global emergency, allaying fears over a virus that has sparked growing global alarm.
The European Central Bank will examine whether it should alter its €200bn corporate bond holdings to take account of climate change, Christine Lagarde promised on Thursday as she launched its first strategic review in 16 years.
Wm Morrison plans to cut 3,000 managerial positions in its stores across the UK as part of a staffing revamp that will see it boost numbers of lower-level roles amid increasing pressure on established supermarkets.
Online fashion retailer Asos bounced back from a difficult year, growing sales by a fifth in its most recent trading period, better than the market expected and a further sign of recovery after two profit warnings.
Wall Street ended about steady while European stocks finished in the red on Wednesday as markets remained focused on the economic impact of a virus that originated in China and has begun to spread to other parts of the globe.
Bruno Le Maire struck a defiant tone on the sidelines of the World Economic Forum, saying France would continue with its plans for a digital tax if there was no agreement at the OECD on an international taxation.
UK manufacturers have become much more optimistic about their business outlook since October, according to a survey published on Wednesday that points to a possible rebound in economic growth since the December general election.
Daimler warned that 2019 profits would be hit by up to €1.5bn in litigation costs related to the diesel emissions scandal, the latest blow to the struggling carmaker’s efforts to fund its electric shift.
Burberry has boosted its revenue outlook for the year as rapid sales growth in mainland China helped to neutralise the blow it has taken from protests in Hong Kong and its efforts to shift the brand upmarket gather pace.
IBM inched back to a position of growth by the thinnest of margins in the final quarter of last year, as a new mainframe product cycle helped it shake off the effects of a secular decline in its giant IT outsourcing operations.
MSCI, the indices and data analytics provider, has agreed to pay $190m to acquire a minority stake in Burgiss Group, a specialist private asset data provider, in a deal that reflects the growing importance of alternative investments in the portfolios of pension funds and other institutional investors.
Harrison Street, one of the largest alternative real asset investment firms, and Trinity Investment Management have agreed to buy five UK life sciences properties in a £250m deal, in the latest example of US investors betting on the British biotech industry.
Eurozone companies’ demand for bank loans has fallen for the first time in six years, in a worrying sign for the region’s faltering economy and the European Central Bank’s attempt to stimulate more lending.