Market Report
BGEO board approves demerger, to up stake in Bank of Georgia
BGEO Group said on Monday that its board has approved the demerger announced last July and that its investment business, Georgia Capital, plans to increase its stake in Bank of Georgia to 19. 9%, from the previously announced 9. 9%.
AVEVA combination with Schneider software cleared by US regulator
AVEVA Group updated the market on its proposed combination with the Schneider Electric software business on Monday, confirming that the review by the Committee on Foreign Investments in the United States has now finished, and clearance has been received for the merger.
Euromoney offloads Global Markets Intelligence Division in $180.5m deal
Business information and events group Euromoney Institutional Investor has reached a binding agreement to sell its Global Markets Intelligence Division (GMID), consisting of CEIC and EMIS, to a consortium of CITIC Capital Partners Management and Caixin Global, for an equity value of $180. 5m.
London pre-open: Stocks set to gain on positive US, Asian cues
London stocks were set for a firmer open Monday following a positive session in Asia and a late bounce-back on Wall Street at the end of last week, although volatility was expected to persist amid ongoing worries about rising inflation and higher interest rates.
Saga signs new reinsurance agreement with NewRe and HannoverRe
Saga has signed a new reinsurance agreement with NewRe and Hannover Re.
Monday newspaper round-up: Aldi, Warren Evans, Tesco, Lloyds
Discount grocer Aldi has taken over from upmarket rival Waitrose as Britain’s favourite supermarket according to an influential shopper survey. The fast-growing German discounter has impressed shoppers with the quality of its fresh and own-label food as well as its special offers, according to the annual best and worst supermarket satisfaction survey by Which?. – Guardian.
US close: Stocks end well off their intra-day lows
Stocks finished in the black in another volatile session, albeit less so than on Thursday, with some traders looking out to the following week's release of consumer price data for January as a potentially key event.