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Business

Guinness manufacturer Diageo sees stock plunge on profit warning

Shares in Guinness beer maker Diageo plunged 15.44% in afternoon trade on Friday as investors reacted to the company’s latest earnings report.

Markets

Husband of Norway's ex-PM avoids investigation over stock trades

The husband of Norway's former prime minister Erna Solberg will not face investigation over his stock trading during her two terms in office, Norwegian police announced Friday. He had been suspected of benefitting from inside information.

Markets

London takes back European stock exchange crown from Paris

The London Stock Exchange's performance was lifted by increasing oil prices, according to a Bloomberg index.

Markets

Germany's Birkenstock valued at $8.6 billion before IPO

The footwear company sold its first pair of shoes in 1774 and supermodels still wear their products today.

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Markets

Billions at stake: Property giant Evergrande is facing new crisis

One of the world's biggest debt restructuring plans has been thrown into uncertainty raising fears of a major Chinese property crisis.

Markets

Toshiba to come off the stock exchange after consortium takeover

Toshiba will delist from the Tokyo Stock Exchange within about a month, ending its more than seven-decade history as a listed company.

Markets

Chip designer Arm secures almost $5 billion in mammoth IPO

British chip designer Arm Holdings' shares debut on the Nasdaq on Thursday, in what is the largest initial public offering in nearly two years.

Markets

Birkenstock next European company to file for Wall Street

Birkenstock is following in UK chip-maker Arm's footsteps as a high-profile European company seeking a public offering in the US rather than the old continent.

Business

Saudi Telecom Company becomes Spanish Telefónica's top shareholder

Saudi Arabia's STC Group has amassed a 9.9% stake worth €2.1 billion in the Spanish multinational telecommunications company

Markets

Novo Nordisk topples LVMH as Europe's most valuable company

The Danish drugmaker has ended French luxury group LVMH's two-and-a-half-year reign as the most valuable company in Europe.

Markets

Asian shares surge after good news from US jobs market

Stocks were higher in Asia on Monday after Wall Street was boosted by a report that signalled the US jobs market, while still healthy, is showing some signs of cooling.

Culture news

LVMH becomes Europe's most valuable company at $500 billion

French company LVMH, owned by the world's richest man, is Europe's first company to break the $500 billion (€455 billion) barrier.

Europe News

EU should 'stay alert' after Silicon Valley Bank collapse: McGuinness

"Higher inflation and rising interest rates present different challenges to financial stability," said European Commissioner Mairead McGuinness.

Tech News

Elon Musk reverses course on Twitter buyout deal - again

After trying to walk away from it, the billionaire Tesla CEO is now offering to proceed with his €44 billion deal to buy Twitter.

Money

Europe’s Nasdaq? Euronext tries to boost its tech companies

Euronext's 'Tech Leaders' initiative will help Europe’s top listed tech companies raise their international profile and support those looking to join the stock exchange.

Culture news

Twitter shareholders sue Elon Musk for manipulating stock market

Top investors claim the prospective buyer has allegedly used his social media platform to alter share prices.

Culture news

Netflix share price drops thanks to streaming competition

The service was riding high in 2020 but COVID, competition from other providers, and a drop in subscribers in North America create a mixed picture

Mobility

Elon Musk sells $5 billion in Tesla shares after Twitter poll

It amounts to roughly 3 per cent of the billionaire’s Tesla holdings.

Money

Bitcoin hits a new all-time high of over $66,000

Last Friday, Bitcoin surprised everyone by reaching $60,000 (€51,522).

Money

What is the Bitcoin-linked ETF and can it convince the crypto fans?

What is an EFT and can it convince Bitcoin fans who want to cut out the middleman when it comes to trading?