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Europe midday: Credit Suisse lawsuit slams brakes on share rally
The woes of Credit Suisse slammed the brakes firmly on a rally in European shares on Friday sending markets into the red after early morning gains were driven by an industry-led bail out of San Francisco-based First Republic Bank.
Credit Suisse shares plunge again as US investors file lawsuit
Shares in crisis-hit lender Credit Suisse plunged again on Friday after the bank was slapped with a lawsuit by US investors alleging it overstated its financial prospects to shareholders.
BT's Openreach to delay pricing plan after Ofcom probe delay
UK communication regulator Ofcom has delayed the conclusion of its investigation into a new BT Openreach broadband pricing plan by two months.
Europe open: Shares rally after US banks bail out First Republic
European shares continued to rally at the open on Friday after large US banks bailed out San Francisco-based First Republic Bank on Thursday and quelled fears of a systemic run on the sector.
Wood Group grants Apollo extension on bid deadline
Private equity firm Apollo has been given an extension on whether it will formally bid for Wood Group after three prior approaches were rebuffed.