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European equities advanced on Monday, led by telecom shares after the sector was buoyed by fresh merger and acquisition talk, although investors stayed cautious ahead of this week's meeting of the Federal Reserve.The telecoms sector rose 1.6 percent, helped by a 2.7 percent rise in Spanish telecoms company Telefonica after a report in newspaper El Mundo that the government had blocked a 70 billion euro ($93.4 billion) tender offer from AT&T for the company.Telefonica denied it had received any approach from the U.S. company, but investors remained positive on the sector, which has seen a pick up in merger talks.British telecoms group Vodafone, which has shown interest in cable operator Kabel Deutschland and witnessed speculation U.S. peer Verizon may look to buy full control of their Verizon Wireless venture, rose 1.3 percent.Clarinvest fund manager Ion-Marc Valahu was uncertain over whether AT&T would bid for Telefonica, but welcomed the boost to the stock from the merger speculation....
A deepening recession and banking stress tests could find Italy's mid-sized lenders short of billions of euros, putting the state on the hook for a new wave of cash ...
UniCredit SpA (UCG.MI) Chief Executive Federico Ghizzoni Friday said the European Central Bank's initiative on the asset-backed securities market will be a valuable ...
Poland's second-largest lender by assets, Bank Polska Kasa Opieki S.A. (PEO.WA), or Pekao, Friday said January-March net profit fell 6.3% from the same period a year...
UniCredit SpA (UCG.MI): 1Q Earnings Due: May 10 DJ Survey of 6 Analysts Average Net Profit: EUR128M, down 86% (EUR914M in 1Q 2012) Average Net Trading Income: EUR459...
Italian merchant bank Mediobanca Banca di Credito Finanziario SpA (MB.MI) Thursday posted a net loss for its fiscal third quarter, hit mainly by a plunge in the cont...
Italy's energy company Eni SpA (ENI.MI) said Thursday it completed the sale of an 11.7% stake in Snam SpA (SRG.MI) as part of its divestment from the Italian natural...
Eni SpA (E, ENI.MI), Italy's biggest energy company by market value, said Wednesday it started an accelerated book-building procedure to sell an 11.7% stake in Snam ...
The following is a summary of analysts' forecasts for UniCredit SpA (UCG.MI) first-quarter results, based on a poll of six analysts conducted by Dow Jones Newswires ...
Italian eyewear maker Safilo SpA (SLF.MI) said Monday it has signed two financing deals for a total of 100 million euros ($130.8 million).The company, whose brands i...
Italian bank UniCredit SpA (UCG.MI) said Tuesday it had repurchased senior notes for an aggregate nominal amount equal to 4.24 billion euros ($5.54 billion) as part ...
European stock markets notched moderate gains on Monday, while Italian stocks rallied on relief that a new government was sworn in over the weekend.The Stoxx Europe ...
European stock markets notched some moderate gains on Monday, with Italian stocks rallying on relief that a new government is finally in place.Investors looking ahea...
The European Central Bank kept its main interest rate on hold at a record low 0.5 percent on Thursday as it waits to see whether early signs of stabilization in the ...
Banks that helped Russian oil company Rosneft finance its $55 billion buyout of rival TNK-BP have been left waiting for their payback - a share in $15 billion in ass...
UniCredit SpA's (UCG.MI) chief executive gave an early forecast for the Italian lender's second quarter Thursday, saying he saw the results for the period coming in ...
UniCredit SpA (UCG.MI) said Wednesday an aggregate sale of 107,704,353 shares of Terna SpA (TRN.MI) was successfully completed.The bank said the transaction, which w...
Foreign banks that once treated Russia as an undiscovered country where easy money could be made are now finding it a cut-throat market tougher than some bargained f...
Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for.While pla...
A spare smattering of new bonds were sold in Europe on Wednesday as credit markets spent the session hovering near unchanged.A quasi-sovereign borrower, a bank, and ...
