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London Stock Exchange on Tuesday urged its shareholders to reject a hostile takeover bid by the Nasdaq Stock Market Inc., saying the offer was "wholly inadequate."
Swisscom has agreed to repurchase a 25%t stake in Swisscom Mobile from British mobile phone company Vodafone for 4.25 billion Swiss francs ($3.48 billion), in a long-awaited deal.
In the last week before Christmas Scrooge is no where to be seen. The skeptics are being driven from the markets. It is nigh on impossible to find a strategist at the moment prepared to come on TV and tell you not to own lots of stocks going into 2007. Giles Keating, Head of Research at Credit Suisse is a case in point, it doesn't get much more Goldilocks than this: U.S. soft landing then reacceleration of growth in the second half of the year, Europe outperforms the U.S., and Japan (A STINKER THIS YEAR) recovers further. Safe in emerging markets, but hard to find value in bond markets. Inflation doesn’t threaten the party and corporate profits continue to roll along nicely, with partial confirmation from another guest –- Ed Thompson, Gartner (the tech research people) –- that corporate spending on software and IT is, if anything, picking up.
The financial markets have understood the European Central Bank (ECB) will do what is necessary to achieve its goal of price stability, ECB President Jean-Claude Trichet was quoted as saying on Sunday.
Norway's Statoil has agreed to acquire the oil and gas activities of Norsk Hydro to create a national champion, the companies said on Monday, driving theirs hares up sharply.
French yogurt, cookie and bottled water giant Groupe Danone will form a joint venture to make yogurt with China Mengniu Dairy, the country's biggest milk producer by volume, the companies said Monday.
Inflation in the 12 nations using the euro currency rose to 1.8% in November, up 0.2% point from 1.6% in October, when it stood at its lowest of the year, the EU statistics agency Eurostat estimated on Thursday.
A first-generation experimental bird flu vaccine for use in humans from GlaxoSmithKline has won outline support from European regulators.
The government's 2007 budget is put to a confidence vote Friday in the Italian Senate, where Premier Romano Prodi's center-left forces hold a one-seat majority.
Japan Tobacco said on Friday it would buy Britain's Gallaher Group for $14.7 billion in the biggest-ever foreign acquisition by a Japanese company.
HBOS, the British banking group, said Thursday that it expects full-year earnings to exceed market expectations because of growing revenue and tight cost control.
Trinity Mirror, publisher of the Daily Mirror newspaper, said Thursday it intends to sell its sports titles and regional papers in central and southern England and return some of the net proceeds to shareholders.
Finland's annual inflation rate jumped to 2.1% in November, the highest figure in almost five years, the government statistics agency said Thursday.
The Swiss National Bank raised short-term interest rates by 25 basis points on Thursday for the fifth quarter running, as expected, continuing its gradual monetary tightening despite ultra-low inflation.
German consumer prices dipped in November as lower fuel prices caused an easing on costs in Europe's biggest economy.
Britain broke European Union rules by taxing dividends received by U.K. companies from units elsewhere in the bloc, the EU's top court said on Tuesday in a ruling that will force London to repay huge rebates.
Shares in Bloomsbury Publishing, the publisher of the Harry Potter books, plunged 27% Tuesday after the company said full-year profit may not meet analysts' forecasts because of weak sales in the pre-Christmas period.
Consumer price inflation in the United Kingdom accelerated to 2.7% percent in November compared to the same month a year ago -- the highest rate in a decade, the government said Tuesday.
Germany lost its bid on Tuesday to overturn European Union rules that ban tobacco advertising and sponsorship after Europe's highest court upheld laws passed by EU governments and the European Parliament.
Nasdaq launched its $5.3 billion hostile bid for the London Stock Exchange on Tuesday, appealing directly to investors after being spurned by Europe's biggest stock market.