Markets

European Gas Prices Surge Amid Norwegian Supply Disruption

June 3, 2024

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European Gas Prices Surge Amid Norwegian Supply Disruption

European natural gas prices spiked by over 8% on Monday due to an unexpected outage at a key Norwegian gas site.

June 3, 2024

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Fast Fashion Giant Shein Eyes £50 Billion London Stock Exchange Debut

Shein, the fast-fashion retailer known for its affordable clothing and controversial business practices, is reportedly preparing for a £50 billion initial public offering (IPO) on the London Stock Exchange.

Citigroup Fined £61.6 Million for Trading System Failures in the UK

May 22, 2024

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Citigroup Fined £61.6 Million for Trading System Failures in the UK

Citigroup has been fined £61.6 million by UK regulators due to inadequate trade monitoring controls, including a 2022 incident that led to a flash crash in European stocks.

Puig's IPO: Initial Euphoria Fades as Shares End Day Flat at 24.5 Euros

May 3, 2024

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Puig's IPO: Initial Euphoria Fades as Shares End Day Flat at 24.5 Euros

Puig's highly anticipated IPO saw initial excitement fade, resulting in a flat first-day performance, with shares closing at their original listing price.

France to Battle TotalEnergies Over Potential Move to NYSE

May 2, 2024

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France to Battle TotalEnergies Over Potential Move to NYSE

France's Finance Minister vows to prevent oil giant TotalEnergies from moving its primary stock listing to New York, citing national interest and the company's role in consumer protections.

L'Occitane Founder to Take Company Private in $1.78 Billion Deal

April 29, 2024

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L'Occitane Founder to Take Company Private in $1.78 Billion Deal

L'Occitane's controlling shareholder, Reinold Geiger, plans to take the French skincare company private in a deal valued at up to $1.78 billion. The move follows previous buyout discussions and potential financing from Blackstone.

April 22, 2024

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FTSE 100 Hits Record High

Retailers like M&S, Tesco, Sainsbury's, and Ocado saw notable gains as the index closed at 8,023.87, exceeding its prior February 2023 record.

French AI Startup Mistral Considers €500 Million Funding Round at €5 Billion Valuation

April 19, 2024

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French AI Startup Mistral Considers €500 Million Funding Round at €5 Billion Valuation

Mistral, a rapidly-rising French AI startup, is in talks to secure €500 million in funding, potentially valuing the company at €5 billion. This move comes just months after an earlier funding round, demonstrating intense investor interest in Europe's burgeoning AI sector.