British construction and services company Carillion collapsed on Monday when its lenders refused to provide any further financial support, forcing it to enter compulsory liquidation. The company, which employs 43,000 people including 20,000 in Britain, provides services in defense, education, health and transport. It said the government would provide the necessary funding to maintain the […]

European stocks are set to open higher on Monday morning as investors watch out for further earnings and digest political news. The FTSE 100 is expected to open higher by 8 points at 7,785; the German DAX is seen up by 53 points at 13,282 and the CAC 40 is expected to start higher by […]

The single currency is expected to strengthen over the foreseeable future as the European Central Bank (ECB) slows down its monetary stimulus, analysts told CNBC. “We see more gains for the EUR ahead as the ECB paves the way for ending outright quantitative easing (QE) purchases later this year,” Stephen Gallo, head of forex strategy […]

Coalition party leaders in Germany have reached a breakthrough in talks to form a new government, according to Reuters who cited party sources. Germany’s Chancellor Angela Merkel entered into talks with a rival party earlier this week in a last-ditch effort to form a coalition government. This after months of political uncertainty and deadlock in […]

Gucci-owner Kering plans to spin off German sports brand Puma to the French conglomerate’s shareholders to focus squarely on its luxury brands. Kering said on Thursday it planned to distribute 70 percent of Puma shares to its investors, leaving it with only a 16 percent stake, confirming an exclusive Reuters report. Puma shares were down […]

European stocks are set to open higher Friday morning as investors watch out for new earnings and data. The FTSE 100 is seen up by 3 points at 7,764; the DAX is expected to start 52 points higher at 13,250 and the CAC 40 is set to open up by 17 points at 5,506, according […]

President Donald Trump canceled a trip to the new U.S. embassy in London, claiming that it was because he’s “not a fan” of the building. The move allows Trump to sidestep widespread protests that were planned for him. He disparaged the new U.S. embassy in Nine Elms in a Late Thursday Twitter post. “I’m not […]

German Chancellor Angela Merkel’s conservative party grouping and Social Democrats (SPD) toiled deep into the night on Thursday to overcome differences on tax cuts and other issues that threatened to block a new “grand coalition” government. Negotiators, who have vowed to reach a decision by Friday on whether to launch formal coalition talks, predicted many […]

U.K. businesses continue to lag behind their European peers ahead of Britain’s upcoming departure from the European Union (EU), according to the CFO of the U.K.’s biggest recruitment firm. As Britain prepares to leave the EU next year, businesses based in the U.K. were seen to be struggling to attract investment, according to Hays‘s Paul […]

The euro jumped on Thursday after policymakers at the European Central Bank (ECB) unveiled upbeat minutes from its mid-December meeting. Shortly after the minutes were published, the euro surged 0.33 percent to hit $1.1983 at around 12:40 p.m. London time. The common currency also spiked against the pound, rising almost 0.5 percent, with a unit […]